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China Big Tech: Why many overworked employees are quitting to become entrepreneurs amid internet slowdown

by Anas Siddiqui
China Big Tech: Why many overworked employees are quitting to become entrepreneurs amid internet slowdown

Zoe Du used to be a typical employee at a Big Tech firm in China, putting in long hours, six days a week. One time, she fainted in the office …

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Hong Kong stocks charge ahead in rally led by technology, banking sectors; China policy support hopes swirl

by Anas Siddiqui
Hong Kong stocks charge ahead in rally led by technology, banking sectors; China policy support hopes swirl

Hong Kong stocks charge ahead in rally led by technology, banking sectors; China policy support hopes swirl Hong Kong stocks extended gains on Friday as technology and banking shares helped …

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French Federation reveals Paris menswear and couture show schedules

by David Johnson
French Federation reveals Paris menswear and couture show schedules

France Federation reveals Paris menswear and couture show schedules, with debuts by Ardazaei and returns by Thom Browne and Charles de Vilmorin.  Pascal Morand – DR The Federation de la …

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TikTok ban: influencers fear careers will be destroyed, work will be ‘deleted forever’ as US ban looms

by Ron Morgan
TikTok ban: influencers fear careers will be destroyed, work will be ‘deleted forever’ as US ban looms

Still, creators are unhappy, and see the move as hypocritical and infringing on their freedom of speech. Those who want the app banned argue that TikTok may be forced into …

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Hong Kong stocks tumble as Middle East conflict reports batter sentiment, investors seek havens

by Anas Siddiqui
Hong Kong stocks tumble as Middle East conflict reports batter sentiment, investors seek havens

Hong Kong stocks struck two-month low as investors were rattled by reports of Israeli missiles hitting Iran, and the heightened Middle East tensions triggered a scramble for safe haven assets. …

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ShareChat’s valuation drops below $2 billion in new funding

by Edgar Davis
ShareChat’s valuation drops below  billion in new funding

Social media startup ShareChat’s valuation has cratered below $2 billion from nearly $5 billion in a new funding round, a source familiar with the situation told TechCrunch, marking a steep …

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PDD’s Colin Huang surpasses Tencent, ByteDance founders as China’s richest tech billionaire after Pinduoduo outgrows e-commerce rivals

by Anas Siddiqui
PDD’s Colin Huang surpasses Tencent, ByteDance founders as China’s richest tech billionaire after Pinduoduo outgrows e-commerce rivals

Colin Huang, the founder of PDD Holdings, has become China’s richest technology entrepreneur after a surge in the value of its US-listed shares, allowing him to surpass the nation’s more …

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Profits Slide at China’s Tencent in 2023

by Kwame Phillips
Profits Slide at China’s Tencent in 2023

China’s social media, games and video giant Tencent saw 2023 revenues advance by 10% to $84.6 billion (RMB609 billion). But its net profits slid to $16.3 billion (RMB118 billion), down …

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Tencent snaps up some of ByteDance’s ditched video gaming projects amid industry consolidation, people say

by Anas Siddiqui
Tencent snaps up some of ByteDance’s ditched video gaming projects amid industry consolidation, people say

LightSpeed Studios, one of Tencent’s key gaming units and the maker of popular title PUBG Mobile, has absorbed a project in Shenzhen previously owned by ByteDance’s Gravity Studio and an …

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Microsoft Said to Have Offered No Remedies in EU Antitrust Review of Activision Deal

by Maya Ortiz
Microsoft Said to Have Offered No Remedies in EU Antitrust Review of Activision Deal

Microsoft has not offered any remedies to EU antitrust regulators reviewing its proposed $69 billion (nearly Rs. 5,71,400 crore) bid for Call of Duty maker Activision Blizzard ahead of an expected full-scale EU …

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