US Government Won't Ban Investments In Alibaba, Tencent, Baidu
The U.S. government will allow Americans to keep investing in Chinese tech firms Alibaba, Tencent and Baidu after the economic impact of banning them was deemed greater than any threats, The Wall Street Journal reports. The U.S. initially had those firms along with numerous others on a list to be examined for reported connections to China's military, intelligence and security services. Now, those aforementioned three firms will not...
Foxconn, Geely team up to build electric, autonomous and shared vehicles for automakers
The electric, autonomous vehicles of the future might be manufactured by Apple’s main supplier Foxconn and Chinese automaker Zhejiang Geely Holding Group. The two companies have agreed to form a joint venture focused...
Baidu announces plan to establish intelligent EV company and form strategic partnership with Geely
Baidu, Inc., leading internet platform and AI company, today announced its plan to establish a company to produce intelligent electric vehicles (EV), and that it has entered into a strategic partnership with...
Chinese tech giant Baidu is seeking to raise $3.5 billion in a Hong Kong stock listing, report says
Hong Kong. Martin Puddy/Getty Images Baidu is set to go ahead with a second listing in Hong Kong, which could raise up to $3.5 billion for the Chinese tech giant, Bloomberg reported on Thursday. CLSA and Goldman...
The 2020 Top Technologists and Influencers in Voice – Part II of the 68 Top Leaders in Voice
Yesterday, we introduced you to the first half of the 68 Top Leaders in Voice AI for 2020. Those 34 visionaries and the design and product pros are joined today by another 34 technologists and influencers that are...
COVER STORY: Is tech giant Baidu about to pay $3.6B for a huge internet fraud grift? Muddy Waters says yes
US hedge fund Muddy Waters Capital — which has a long and successful history of exposing fraud by Chinese companies listed in US markets — has thrown a huge wrench into plans by Nasdaq-listed Chinese search giant Baidu to buy live streaming YY Live from Chinese Video Giant Joyy for $US3.6 billion. The Chinese live-streaming market is worth $US66 billion, and is accelerating so quickly it could double in size this year, according to...
China search giant Baidu inked a $3.6 billion deal for a live-streaming platform. Then came the fraud claims
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. On Tuesday, Chinese search engine giant Baidu announced it was acquiring a live-streaming service called YY Live from Guangzhou, China-based social media firm JOYY in a $3.6 billion all-cash deal. The purchase would be a chance for Baidu to expand into live-streaming, an enormously popular social media and...
What China’s fintech market can teach the world
If you want to know what the future of finance looks like, head east, where it’s already been laid down in China. Digital payments through mobile phones are ubiquitous, and there is incredible innovation around lending, investments and digital currencies that are at the vanguard of global financial innovation. Take the cover photo of this article: At Alibaba, facial recognition software identifies customers at the employee cafeteria,...