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Renewable power represents almost 90% of total global power capacity added in 2020

Renewable power represents almost 90% of total global power capacity added in 2020 Bucking the slowdown in most of the power sector caused by responses to the COVID-19 pandemic, renewable energy actually grew in 2020, and will represent about 90% of the total power capacity added for the year, according to the International Energy Agency. […]

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China proposes antitrust law ahead of Singles’ Day shopping spree

China proposes antitrust law ahead of Singles’ Day shopping spree Debates over anti-competitive practices amongst China’s internet firms resurface every year in the lead up to Singles’ Day, a time when online retailers exhaust their resources and deploy sometimes sneaky tactics to attract vendors and shoppers. This year, just a day before the world’s largest […]

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Despite global headwinds, Chinese hardware startups remain to take on the world

Despite global headwinds, Chinese hardware startups remain to take on the world Bill Zhang lowered himself into lunges on a squishy mat as he explained to me the benefits of the full-body training suit he was wearing. We were in his small, modest office in Xili, a university area in Shenzhen that’s also home to […]

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The race to be China’s top fintech platform: Ant vs Tencent

The race to be China’s top fintech platform: Ant vs Tencent As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not least because they […]

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Beyond Meat earnings miss big on declining food service and consumer demand

Beyond Meat earnings miss big on declining food service and consumer demand Beyond Meat’s partnership with McDonald’s to develop the McPlant burger wasn’t enough to keep shares from collapsing after the company posted third-quarter earnings that fell far below analysts’ expectations. The big miss sent shares tumbling nearly 29% in after markets closed Monday after […]

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Apple places supplier Pegatron on probation over labor conditions

Apple places supplier Pegatron on probation over labor conditions Apple has suspended new business with supplier Pegatron after the Taiwan-based original equipment manufacturer misclassified student workers. Apple also said Pegatron broke its Code of Conduct for suppliers. In a statement provided to Bloomberg, Apple said, “Pegatron misclassified the student workers in their program and falsified […]

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PUBG Mobile plots return to India following ban

PUBG Mobile plots return to India following ban PUBG Mobile, the sleeper hit title that was banned in India two months ago over cybersecurity concerns, is plotting to make a return in the world’s second largest internet market, two sources familiar with the matter told TechCrunch. The South Korean firm has engaged with global cloud […]

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China’s cash-burning video sector: how Kuaishou lost $1B in 6 months

China’s cash-burning video sector: how Kuaishou lost B in 6 months Rumors have been floating for months that ByteDance is going public with TikTok and Douyin separately. Just last night, Bloomberg reported that ByteDance is seeking a pre-IPO round of $2 billion at a staggering valuation of $180 billion. Before any of that materializes, ByteDance […]

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TikTok’s parent company, ByteDance, is reportedly looking for $2B before its Hong Kong public offering

TikTok’s parent company, ByteDance, is reportedly looking for B before its Hong Kong public offering ByteDance, the company behind the social media sensation TikTok, is in talks to raise another $2 billion before the initial public offering of a large chunk of its international businesses on the Hong Kong StockExchange, according to a Bloomberg report. […]

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ByteDance to pump $170 million into e-book reader Zhangyue

ByteDance to pump 0 million into e-book reader Zhangyue While short videos are what drive ByteDance’s revenues and give the Chinese startup international recognition, the firm is expanding into numerous new areas like other tech giants to fuel growth. It’s dabbled in enterprise software and online learning, and the news came this week that ByteDance […]

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