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Chinese tech names among the fastest growing valuable brands in the world but US companies still dominate
Tencent was No 5 on the list with a brand valuation of US$241bil, while e-commerce giant Alibaba fell to seventh with a valuation of US$197bil. Of the five brands in the top 100 that more than doubled their value in the past year, four are Chinese companies, alongside Tesla.
Bitcoin crackdown sends graphics cards prices plummeting in China after Sichuan terminated mining operations
Graphics cards from companies including Nvidia and Asus saw prices fall by as much as two-thirds on e-commerce platforms amid China’s sweeping Bitcoin crackdown. Sichuan, which relies heavily on renewable hydropower, has ordered cryptocurrency mining operations to close down, following Inner Mongolia and Xinjiang.
China’s government summoned Meituan’s Wang Xing to a meeting recently and warned him to keep a low profile, after the founder of China’s third-largest tech corporation last month posted a controversial poem that convulsed markets and sparked a social media furor.
(Reuters) - Lead Edge Capital, which has backed Uber Technologies Inc and Alibaba Group, has raised $150 million through a new fund to invest in publicly listed software and internet companies, the venture said on Wednesday.
Alibaba Group Holding Ltd was the victim of a months-long web-scraping operation by a marketing consultant that siphoned up sensitive data including usernames and phone numbers, according to a court case that wrapped in June.
ISTANBUL (Reuters) - Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, is in discussions to raise $2 billion from investors, two sources with direct knowledge of the matter told Reuters.
(Reuters) - Alibaba Group Holding's founder Jack Ma is fine and "lying low right now", the Chinese e-commerce giant's Executive Vice Chairman Joe Tsai said in an interview with CNBC on Tuesday.
The new data law is expected to provide a broad framework for future rules on Internet services, and to ring-fence, prise open and ease tracking of valuable data in the interests of national security.
(Reuters) -Chinese ride-hailing firm Didi Chuxing on Thursday made public its filing for a U.S. stock market listing, setting the stage for what is expected to be one of the world's biggest initial public offerings this year.
Foreign investors are rushing to get a stake in Vietnam's online services as the nation begins to adopt eCommerce, partially due to the pandemic.