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Chinese business & finance
China’s answer to Instagram makes first profit
...“I am positive on the company, but the lack of a clear exit through an IPO is a big problem,” the investor said....
March 25, 2024
Shein
Shein profits double to over $2bn ahead of planned listing
...The group filed confidential paperwork for a US listing in November, but a person close to Shein said the company had heard little from the SEC since then....
March 31, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
PDD Holdings
Ex-workers at Temu owner PDD suffer surveillance and financial ruin over non-competes
...A few months after starting a new job, in November 2023, he received a summons for a Shanghai labour arbitration case....
March 11, 2024
Transcript
Transcript: Taking the Byte out of TikTok
...Lawmakers say the app is a national security issue because its parent company, ByteDance, is based in China. Here to talk to me about it is the FT’s Ryan McMorrow. Hey, Ryan. Ryan McMorrowHi there....
April 23, 2024
TikTok Inc
TikTok gears up for legal fight in US to prevent ban
...“This legislation is a clear violation of the First Amendment rights of TikTok’s 170mn American users,” he said in a memo to staff, according to people who saw it. “We’ll continue to fight.”...
April 22, 2024
Letter
Letter: ‘Progressive mum lit’ is a better description
...We need these raw accounts to collectively think about how best to empower mothers and caregivers at a wider societal level and it begins by how we define that literary genre....
February 8, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
News in-depthTikTok Inc
TikTok fortune of billionaire Republican donor Jeff Yass threatened by Washington
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
April 24, 2024
US-China relations
Xi tells Blinken US should avoid ‘vicious competition’ with China
...“China is pleased to see a confident, open, prosperous . . . United States. We hope that the US side can also view China’s development in a positive and proactive light,” the Chinese president said....
April 26, 2024
#techAsia
China’s edge in flying cars and an Asian tag-team in AI Premium content
...and which represents a significant chunk of Yass’s net worth, write the Financial Times’ Ryan McMorrow, Tabby Kinder, Demetri Sevastopulo and Alex Rogers....
April 25, 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
...Alibaba had once hoped to take Cainiao public at a $20bn valuation but struggled to find much interest amid a deep market downturn in Hong Kong....
March 26, 2024
Transcript
Transcript: Baidu’s ‘do-or-die’ bet on AI
...Now, that’s a bit less compared to her husband Robin Li’s salary, but Ryan tells me it’s still quite a hefty sum for a Chinese tech company....
February 7, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...The move comes as the US Congress prepares for a Saturday vote on a bill to ban ByteDance-owned short video app TikTok if it is not divested to a non-Chinese owner....
April 19, 2024
Ryan Neelam
America, take heed — China is winning the diplomacy race
...Ultimately, diplomacy is a long game: it is an investment in relationships with a view to exerting influence when it counts....
March 6, 2024
#techAsia
China’s telcos dial it back and south-east Asia’s green shift slows Premium content
...The Shanghai-based company, valued at $20bn in the latest fundraising round three years ago, raked in $500mn in net profit last year on revenues of $3.7bn, write the Financial Times’ Eleanor Olcott and Ryan...
March 28, 2024
Apple Inc
Tim Cook praises China’s ‘critical’ role in Apple’s business
...Amid rising geopolitical tensions, Cook has become a frequent visitor to China, a key market and huge manufacturing base for Apple products....
March 21, 2024
FT Live
Finance Disrupted at TNW Conference
Shaking The Foundations Of Finance | Formerly Future of Finance
Thursday, 20 JuneAmsterdam, Netherlands
#techAsia
TikTok’s fate and Taiwan tech suppliers’ shift Premium content
...Financial Times’ Ryan McMorrow, Eleanor Olcott, Mercedes Ruehl and Ivan Levingston....
April 4, 2024
News in-depthXiaomi Corp
The Steve Jobs of China turns car salesman in Xiaomi’s EV evolution
...Last week, he took to a Beijing stage in a teal blazer to gush over his triumph of making a car just three years after unveiling his ambition....
April 5, 2024
#techAsia
Nvidia goes big and US chip projects stutter Premium content
...Surging sales, uncertain future TikTok has hit $16bn in sales in the US, where the viral video app that has hooked Gen Z users is at risk of being banned, writes the Financial Times’ Ryan McMorrow....
March 21, 2024
News updates from the Iowa caucuses: Trump called as winner of state race, DeSantis edges out Haley to finish second
Haley’s campaign is outspending the Republican pack on ads
...Although she has a small lead over DeSantis in Iowa polls, she trails Donald Trump by about 35 points, according to FiveThirtyEight....
January 16, 2024
News updates from the Iowa caucuses: Trump called as winner of state race, DeSantis edges out Haley to finish second
DeSantis says votes will ‘pack a punch’ in Iowa caucuses
...“It’s not like a general election in Florida where we have 10-12mn votes. Your vote is going to pack a punch.”https://twitter.com/RonDeSantis/status/1746924127758217689...
January 15, 2024
News updates from February 7: Netanyahu rejects Hamas ceasefire demand, Disney unveils $3bn buyback
Alibaba’s sales growth falls short of expectations
...The company said it would add $25bn to a share buyback programme authorised until March 2027 and that repurchases last year reduced total share count by 3.3 per cent, after accounting for shares given to...
February 7, 2024
FT GlobetrotterTips from the top
Ryan ‘Mr Lyan’ Chetiyawardana’s favourite bars around the world
...Website; Directions Ryan “Mr Lyan” Chetiyawardana, one of the world’s leading bartenders, runs four venues around the globe: London’s Seed Library and Lyaness (which is launching a new menu in March), Silver...
February 27, 2024
News updates from March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs
China to set ‘ambitious’ economic growth target of around 5%
...China will target economic growth of around 5 per cent this year, a rate described as “ambitious” by analysts, as the world’s second-largest economy battles challenges ranging from a property slowdown to...
March 5, 2024
Letter
Letter: Some non-compete questions for FTC chair
...Ryan Dattilo Partner, The Aquia Group Former Chief Counsel for the US Senate Judiciary Committee Chevy Chase, MD, US...
April 3, 2024
News updates from February 29: US PCE inflation falls to 2.4%, Putin warns of wider conflict over Ukraine
Alibaba launches sweeping price cuts to cloud unit as growth slows
...China’s cloud providers are increasingly engaged in a price war to attract customers as growth across the industry slows....
February 29, 2024

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