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Semiconductors
Tightened US rules throttle Alibaba and Baidu’s AI chip development
...Washington’s tightened export controls on chips may leave Chinese tech groups relying on outdated and stockpiled chips to pursue their artificial intelligence ambitions, with industry giants Alibaba and...
October 20, 2023
News in-depthSequoia Capital
How Klarna’s boardroom spat exposed a schism at Sequoia Capital
...Botha and other partners at the firm reviewed Miller’s case and U-turned....
February 24, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
ByteDance
TikTok owner ByteDance to buy back shares after amassing $50bn cash pile
...The internet group has leveraged the popularity of Douyin to make an aggressive push into ecommerce in China, posing a challenge to incumbent Alibaba....
December 6, 2023
Artificial intelligence
China’s internet giants order $5bn of Nvidia chips to power AI ambitions
...China, according to two people close to Alibaba....
August 9, 2023
Masayoshi Son
SoftBank’s Masayoshi Son piles debt on to Silicon Valley mansion
...In recent years, the SoftBank chief has prodigiously tapped the Japanese group’s assets for cash, at one time or another encumbering everything from its shares in UK chip designer Arm to a chunk of its Alibaba...
January 14, 2024
News updates from March 26: Baltimore road bridge collapses; Trump’s social media business soars in market debut
Alibaba suspends IPO for logistics arm Cainiao
...It is the latest strategy U-turn for the struggling technology group, which early last year announced it was splitting into six different units, only to begin walking back most of the programme months later...
March 26, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Bain & Co Inc
Chinese police question employees at Bain’s Shanghai office
...Bain employs more than 200 people in China and its consultants have provided advice to a swath of Chinese companies from tech giant Alibaba to electric vehicle start-up Li Auto....
April 26, 2023
LexESG investing
Asset managers’ green U-turn exposes energy transition cakeism Premium content
...It has attributed its discomfort to stronger language in the investor group’s new “phase 2” mission, which focuses on pushing companies to implement transition plans rather than simply disclosing them....
February 25, 2024
Alibaba
Jack Ma urges ‘change and reform’ at Alibaba
...The U-turn on the restructuring plan has created a lot of confusion internally, employees said....
November 29, 2023
News in-depthChinese business & finance
Inside the crisis at Alibaba: how China’s best-known tech group lost its way
...Its shares are 75 per cent off their peak of three years ago, after a series of regulatory scraps, U-turns over strategy and amid declining staff morale....
January 2, 2024
Chinese business & finance
Alibaba chief takes direct control of under-pressure Chinese ecommerce business
...Dai is being moved to help form a new asset management company, according to the group. Alibaba has previously said that it would invest in a new $1bn tech fund founded by Zhang....
December 20, 2023
Behind the Money podcast17 min listen
Baidu’s ‘do-or-die’ bet on AI
...For further reading: Baidu’s bet on AI could make or break China’s fallen tech group Tightened US rules throttle Alibaba and Baidu’s AI chip development Baidu shares fall after Ernie AI chatbot demo disappoints...
February 7, 2024
Artificial intelligence
China offers AI computing ‘vouchers’ to its underpowered start-ups
...Alibaba Cloud has distributed the majority of its advanced GPUs to business units within the Alibaba Group, said two employees of the cloud business....
March 4, 2024
Apple Inc
EU probes Apple over App Store shutdown of Epic Games
...Last week, the iPhone-maker also made an abrupt U-turn on its decision to remove web-based apps in the EU under pressure from the competition watchdog, which Apple initially claimed was required under the...
March 7, 2024
FT Swamp Notes
Tyler Cowen: Why we will learn to love AI Premium content
...But Cowen’s U-turn is striking....
April 19, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
LexApple Inc
For Apple, a €1.8bn EU fine is just the start Premium content
...Alibaba shares rose after Chinese regulators fined Ant Group. Penalties often end uncertainty about the outcome of investigations....
March 5, 2024
#techAsia
Telecom chips move in-house and the US takes aim at TikTok Premium content
...(Nikkei Asia) Washington pushes allies to tighten China chipmaking restrictions (FT) Alibaba to improve stock options and other incentives for employees (Nikkei Asia) Anyone for crickets?...
March 14, 2024
Electric vehicles
China’s EV suppliers look to leverage superior tech to recouple with west and drive expansion
...Li, of U-Power, is among Chinese EV executives who want their companies to be seen as “global”....
February 18, 2024
Apple Inc
Apple bows to Brussels over App Store in latest EU concession
...The latest amendments to Apple’s plan to comply with the EU’s Digital Markets Act, which came into effect this month, come on the heels of two previous U-turns by the iPhone maker....
March 12, 2024
#techAsia
Apple’s China headache and Alibaba’s surprise shake-up Premium content
...Zhang became CEO of Alibaba Group in 2015 and took over as chair from Ma in 2019, when the company was facing increased scrutiny from Beijing....
September 14, 2023
#techAsia
TikTok’s fate and Taiwan tech suppliers’ shift Premium content
...The group’s bumper profits last year compare with $700mn of net income for 2022 and $1.1bn in 2021....
April 4, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...Its new plug-in hybrid Seal U DM-i, which has a starting price of $23,000 in its home market, is set to go on sale in the coming months....
March 5, 2024
#techAsia
AI and autos at CES, and Panasonic’s US plans Premium content
...China’s best-known tech group lost its way (FT) Smartphone makers bet on foldables to revive lacklustre market (FT) Alibaba-backed lidar maker RoboSense dips in Hong Kong debut (Nikkei Asia) SoftBank...
January 11, 2024
Energy Source
Oil and gas executives expect slower transition to net zero Premium content
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
March 14, 2024
News in-depthBaidu Inc
Baidu’s bet on AI could make or break China’s fallen tech group
...SuperCLUE, a benchmark set up by a group of AI experts evaluating foundational models that use Chinese, ranked Ernie 4.0 just a few points ahead of rival models from Tencent and Alibaba in November....
January 5, 2024

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