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It wasn't just politics. Strategy helped the local search giant win. → Read More
"If Google decides to return to China, we have enough confidence to take them on once more, and win once more." → Read More
The search giant and social giant look set to be teaming up. And politics aside, the two complement one another. → Read More
The search giant's co-founder spent his early childhood in the Soviet Union, which shaped Google's early dealings in China. → Read More
China's bike-sharing companies have either died or been purchased at less-than-inspiring valuations. → Read More
Starbucks has said publicly it will ramp up its delivery services across China, as its most recent earnings report showed signs of a potential slowdown in the country. While details about the rollout are scarce, its pending launch suggests that Starbucks is acknowledging competition in China from a fast-growing rival. Chinese media outlet Caixin reported last... → Read More
Last week, armies of robots landed in the city of Shenzhen—China's paradise for hardware manufacturing—and shot pellets at one another in a cocoon-like stadium. As many as 10,000 people were in the stands cheering for the teams controlling them. The contest marries laboratory engineering with battlefield tactics—and it might become a phenomenon among engineering students worldwide.... → Read More
State media reported the suspect is a 26-year-old man from Inner Mongolia. → Read More
Despite its status as the world's factory, China still can't figure out how to make advanced silicon computer chips. → Read More
Three Chinese companies popular in the country's smaller cities are gearing up for big listings. → Read More
More and more people are cutting the cord in the UK. → Read More
It's possible the censors came after it—even though its sketches were tame compared to its US counterpart. → Read More
Xiaomi's first week of trading in Hong Kong has been affected for better and for worse by the swings of Chinese markets regulators. When the company's stock debuted July 9 on the Hong Kong Stock Exchange, it received a lukewarm response—its price dipped as much as 6% before closing at HK$16.80 (US$2.14), up 1.2% from... → Read More
When the US Trade Representative announced it was considering tariffs on an additional $200 billion (pdf) worth of Chinese imports, affecting a range of goods including handbags, rocks, and seafood, it said the action came as a result of China issuing retaliatory tariffs last week, instead of changing its ways. "It has become apparent that... → Read More
Its customers use their smartphones, not cash, to pay. → Read More
Chinese smartphone maker Xiaomi debuted on the Hong Kong Stock Exchange today (July 9)—closing the day at HK$16.80 (US$2.14), giving it a market capitalization of about US$50 billion. That's half the valuation of $100 billion that was hoped for when the listing was announced earlier this year. The stock opened at HK$16.60 Monday, dipping as... → Read More
Chinese smartphone maker Xiaomi began trading on the Hong Kong Stock Exchange this morning (July 9), in what amounts to one of the largest IPOs in recent years. In a case of very bad timing, its debut comes just three days after a trade war between China and the US began in earnest, with the imposition... → Read More
India's top mobile browser. Hong Kong's Uber for logistics. China's second-largest bike-sharing service. Those are just some of the companies backed by Chinese entrepreneur Lei Jun. Globally, Lei is known as the founder of smartphone maker Xiaomi, which will list shares on the open market next week as part of a $4.7 billion IPO. But within... → Read More
Washington might be right to prevent Chinese businesses from entering the US—but it's not doing a good job at explaining why. → Read More
Pinduoduo appeals to price-sensitive consumers in relatively poor parts of China by combining steep discounts with social media. → Read More