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‘All we have achieved is aimed at covering urban centre areas one day’: CEO. Company has expanded its road tests to Guangzhou’s commercial and business districts.
In the past, few plaintiffs have successfully won cases relating to abuse of market dominance, says an analyst. The legal environment for monopoly cases could be set for change after Beijing named antitrust as one of its top agenda issues for 2021.
The rules aimed at curbing anti-competitive behaviour such as sharing sensitive consumer data, takes effect immediately.
Observers say Jack Ma is working on his swing at a golf resort in Hainan.
Tencent employee investigated over corruption allegations is in regards to their personal behaviour not the company’s activities, clarifies Tencent spokesperson.
The battle to supply 1.4 billion people with fresh fruit and vegetables is taking China’s e-commerce companies into the country’s hinterlands, where they are attempting to revolutionise centuries-old agricultural practices to secure future supply for their burgeoning online grocery businesses.
ByteDance makes biggest public commitment yet to Tencent video game rivalry with launch of stand-alone site for Nuverse
The video game market has become hugely lucrative in recent years, with both Big Tech and high-powered start-ups aggressively building up their gaming units. Nuverse’s previous titles struggled to live up to expectations, but it is only a matter of time before it comes up with a hit game.
Former Kuaishou executive arrested for alleged corruption amid anti-bribery pressure on China’s Big Tech
Zhao Danyang, a former vice-president at Kuaishou responsible for its content business, was arrested along with two subordinates. The video-sharing company joins other tech giants, including Tencent, with employees that have been investigated for corruption.
Bitcoin volatility rocks China’s graphics card market, pushing vendors to demand same-day purchases of dwindling supply
Demand for GPUs is surging amid a global chip shortage, with prices in Huaqiangbei, the world’s largest electronics market, changing along with bitcoin. GPUs, typically made for gamers, are useful for cryptocurrency mining, but the high energy consumption is frustrating China’s energy-saving push.
The State Administration for Market Regulation accuses tech giants involved in community group buying of price dumping in a bid to dominate the market. The latest crackdown on Big Tech comes ahead of Beijing’s key political meeting known as the ‘two sessions’.