IDG is one of the oldest venture firms in the market and has been in China since 1993, having invested in more than 1,600 companies, with 500 of them going public or getting acquired.

Third meeting of Economic Working Group also covered financial cooperation within the G20 framework, industrial policies and debt issues.

The boost in shipments lifted Huawei to third place in the last three months of the year, behind Apple and Samsung Electronics.

Douyu and Huya say they have no plans to merge after a failed attempt in 2020, but they are collaborating as Tencent prepares to allow its top games back on rival platform Douyin.

To guarantee a ‘good start’ to the year and a jump on sustained economic recovery, a Chinese ministry has told leaders of major regions to keep up manufacturing in 2024 as the country prepares for the Lunar New Year holiday.

Huawei’s return to form in the world’s largest smartphone market was jump-started by the surprise release last August of its Mate 60 Pro 5G handset.

The visionOS version of DingTalk supports special features available only on Apple’s new device, including realistic avatars known as Persona.

Chinese social media and gaming giant Tencent Holdings has acquired a controlling stake in a 15-year-old local video game studio, a move that fits with the company’s revenue diversification strategy.

A new facility focusing automotive optics business will begin production at the end of 2024, the Shenzhen-based company says.

Some people have expressed concerns that the Baidu search features on the Galaxy S24 series are not as good as Google’s version.

Nvidia’s new H20 chip set for direct competition with Huawei’s Ascend 910B, as AI competition heats up in China.

Apple CEO Tim Cook shrugs off the setback amid the US tech giant’s overall global growth in the quarter and its confidence in the world’s biggest smartphone market over the long term.

Such a national approach to the artificial intelligence boom stands to drive an expansion of data centres that would need Nvidia’s know-how and hardware.

‘Eliminating all designated Chinese [technology and services] from every US network would be prohibitively expensive, if not impossible,’ one says.

Pact signed in 1979 and due soon for extension has stalled over issues that neither Washington nor Beijing faced before, policy expert says.

An investigation by the China Securities Regulatory Commission found the 2023 financial disclosures of Beijing Zuojiang Technology to be ‘seriously untrue’.

At meeting of Communist Party’s top policymaking body, Xi says China must ‘fight the battle in core technologies’, increase supply chain resilience in face of containment by US.

Ant Group and the Shanghai municipal government have struck a partnership that would see the two parties deepen their collaboration in fields such as blockchain and artificial intelligence.

Tesla will expand battery production in Nevada, opening a small facility using idle equipment from China’s CATL, the world’s biggest maker of EV batteries, according to people familiar with the matter.

China Beijing Equity Exchange said it has no connections to the overseas crypto company CBEX Group, as authorities’ maintain hostility towards such assets.

Chinese cloud service providers are offering dedicated server plans for players of Palworld, a hit game that has been compared to Pokémon.

At a staff meeting, Liang said internal discussions of the OpenAI chatbot, which launched in November 2022, only emerged in 2023.

Loongson and Cambricon estimate deep losses for 2023 as analysts say strict US sanctions and limited product catalogues at Chinese firms are hindering domestic chip development.

Hong Kong-listed Meitu’s success stands in stark contrast to how many other firms struggle to monetise their own generative artificial intelligence initiatives.

Premier Li Qiang visited hi-tech manufacturing companies during a two-day trip to the central province of Shaanxi province on Monday and Tuesday, urging firms to increase investment in research and development.

Contemporary Amperex Technology (CATL), the world’s largest EV battery manufacturer, expects net profit for 2023 to have climbed by as much as 48 per cent, as it benefited from the rising penetration of electric cars around the world.

Investments in Taiwan from the United States reached US$932 million last year, up from US$398 million in 2022 and hitting the highest single-year total since 2008, according to official Taiwan figures.

Only three of 33 Chinese video gaming companies said ‘global political and economic turbulence’ had a ‘relatively big’ impact on overseas operations, according to industry survey.