Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion. The Hong Kong-listed giant, which focuses on food delivery with smaller segments in travel and transportation, is the third Chinese firm to reach the landmark valuation. Tencent and Alibaba respectively topped the number back in 2013 and 2014. Tencent-backed Meituan…
OtherSide Entertainment recently announced that Chinese company Tencent would be “moving forward” with the troubled System Shock 3. Right now, the tweet is not particularly clear on what that actually means. If developing this game has been this hard, is it even worth continuing? System Shock 3 is a game we’ve been for, for a…
Huawei is facing an uphill challenge in the overseas market as its upcoming devices lack the full set of Google apps and services. That leaves ample room for its Chinese rivals to chase after foreign consumers. That includes Oppo, the sister brand of Vivo under Dongguan-based electronics holding company BBK. In an announcement on Monday, the…
China’s Ambassador to Israel, Du Wei, was found dead in his Tel Aviv apartment on Sunday, various reports emanating from Israel indicated. An Israeli police spokesman told Reuters news agency: “As part of the regular procedure, police units are at the scene.” Israel’s Channel 12 TV, quoting unnamed medical sources, said initial indications were that…
The Luckin saga continues as the Chinese coffee challenger seeks solutions to the undesirable consequences of a $310 million fraud. On Tuesday, the company announced sacking chief operating officer Liu Jian, the alleged mastermind behind the fraud, and chief executive officer Qian Zhiya, a rare female leader of a Chinese internet firm. Despite the scandal, the…
On Saturday’s broadcast of the Fox News Channel’s “America’s News HQ,” Rep. Michael Waltz (R-FL) stated that China’s rise is the biggest “existential threat to the United States, to liberty around the world, to a free world order that we’ve ever faced.” And said facing them will be like facing the Soviet Union in the…
Wuhan, the Chinese city at the epicenter of the global coronavirus outbreak, dramatically lifted the number of cases and deaths late Thursday night after “a city-wide investigation,” state media reported. Local authorities admitted previous figures had been skewed due to omissions, delays and mistakes. The Wuhan government said total confirmed infections in the city have been…
Emily de La Bruyère Contributor Emily de La Bruyère is co-founder of Horizon Advisory, a strategy consultancy focused on documenting the military, economic, and technological implications of China’s approach to global competition. Nathan Picarsic Contributor Nathan Picarsic is co-founder of Horizon Advisory, a strategy consultancy focused on documenting the military, economic, and technological implications of…
Chinese visa workers are trying to keep their white-collar jobs in the United States amid the coronavirus epidemic and the federal freeze on H-1B visa applications. “When Tang [Chen] was made redundant on March 13, she didn’t just lose her source of income — she lost her [H-1B] visa status. Now her former employer has…
China’s manufacturing rebounded in March to record an expansion as authorities relaxed anti-coronavirus disease controls and allowed factories to reopen, an official survey showed Tuesday. The spike came as the U.S. and rest of the world shut down businesses and furloughed workers. The boost reinforces the argument that holds as long as the U.S. economy…
