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Investigated, jailed, killed: China’s young gaming tycoons suffered in 2020, as did their companies
Three of China’s billionaire gaming executives have faced investigation, criminal conviction and death, adding to the tumult of the country’s gaming industry. Lin Qi, an executive producer for Netflix’s The Three-Body Problem, drew international attention when he died on Christmas from a suspected poisoning.
Gotta ‘go’? There’s an app for that
Bluetooth-operated bionic sphincter controller close to human trial phase.
China's Netflix-to-Tesla is spread painfully thin
Jia Yueting wants to be China's Reed Hastings, Tim Cook and Elon Musk all at once. The entrepreneur's group, LeEco, is pushing into televisions, smartphones, video-streaming, movie production and even electric vehicles.
Samsung Electronics buys US$450mil stake in Chinese electric car firm BYD
Samsung Electronics is to pay 3bil yuan (RM1.82bil) for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd, the Chinese company said in a stock exchange filing on July 21.
Alibaba financial affiliate Ant raises US$4.5bil
The financial services affiliate of Chinese e-commerce giant Alibaba has raised US$4.5bil (RM17.74bil) in funding, it said, calling it the largest single private placement by an Internet company.
Online boom carries windfall to Chinese couriers
Online shopping has delivered a windfall to Chinese couriers. YTO Express, a company backed by e-commerce behemoth Alibaba, will list in Shanghai at a valuation of US$2.7bil (RM10.82bil).
Jack Ma, social media firm Tencent raise stakes in Huayi Bros
A firm controlled by Alibaba founder Jack Ma and social media firm Tencent are set to invest a combined 2.8bil yuan (RM1.5bil) to raise their stakes in Huayi Brothers Media Corp, as China's tech giants push into entertainment.
'Game of War' mobile game developer looking at US$3bil valuation: WSJ
Machine Zone Inc, the developer of popular mobile game Game of War: Fire Age, is in talks with JPMorgan Chase & Co to raise funding that could value the company at more than US$3bil (RM9.55bil), the Wall Street Journal reported, citing people familiar with the matter.
Foxconn to buy US$390mil stake in Taiwan telecom operator in 4G push
Apple Inc supplier Foxconn Technology Group will buy a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom for T$11.6bil (RM1.23bil) in a deal that would expand its presence in Taiwan's fledgling 4G telecoms market.
Qualcomm may become Sharp's biggest shareholder: sources
Qualcomm's move could potentially give the struggling Japanese TV maker the backing of a big chipmaker.
