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TENCENT CORRUPTION
Nepal Protests: What is viral ‘nepo kids’ trend targeting politicians’ children that erupted from social media onto the streets?Kathmandu witnessed violent protests led by Generation Z against the Nepalese government's social media ban, resulting in casualties and in...
Value Vacuum: China’s command versus India’s concessionsAccording to a recent report by The Financial Times, Xiaohongshu, a popular social media platform in China, recorded $1 billion in sales an...
Chinese tech mogul not seen in weeks after official probe: reportsDouYu founder and CEO Chen Shaojie has not been seen since October and industry insiders believe it is related to suspected gambling during...
Ripple effects of Byju’s crisis; Foxconn pings others as Vedanta JV stallsThe crisis at Byju’s is experienced first-hand by its employees, who now stare at an uncertain future as their employer battles one problem...
Tencent says is making personnel adjustments after report of layoffsTencent, Asia's biggest internet company, told Reuters it was untrue that it planned to disband the business. It said it was making adjustm...
Chinese ride-hailing giant Didi reopens to new users after $1.2 billion fineDidi was one of the highest-profile targets of a sweeping crackdown on China's tech sector launched in 2021, which wiped billions of dollar...
China's Tencent said it fired more than 100 employees over corruption in 2022The disclosure comes after Tencent's founder Pony Ma in a townhall last month said serious "corruption" issues had been discovered within t...
Tencent chief blasts managers in fiery townhallPony Ma said at a year-end meeting with staff on December 15 that internal reviews this year had exposed unspecified corruption within Asia...
End of a ‘Gilded Age’: China is bringing business to heelUnder Xi, China is reshaping how business works and limiting executives’ power. Long in coming but rapid in execution, the policies are dri...
Amazon’s India corruption probe; Facebook’s new public policy headAmazon has begun an investigation into allegations of corruption by its legal representatives in India and has placed a senior member of th...
Khatabook’s $100M bonanza; offices set for Covid makeoverFrom Khatabook's new funding round, to the post-pandemic office layouts and WhatsApp adding support for vaccine appointments, here's a quic...
China blocks app's social media after post on Tiananmen anniversaryThe Weibo page of Xiaohongshu—a Pinterest-like platform where users share travel and shopping tips—published a post on June 4 saying, "Tell...
Unfriended by India, US, Britain and Australia, China's tech giants seek home comfortChina's tech titans can rely on their massive home market to ride out a Donald Trump-led campaign against them overseas, and in the long-te...
Walmart got a $10 billion surprise after buying FlipkartA payment business Walmart got as part of the deal is now emerging as one of India's top startups.
China's grand internet vision is starting to ring hollowChina’s internet is more censored than ever while Silicon Valley’s efforts to break into market remains stymied.
Rising Son: Paytm & SoftBank to collaborate for payments services in Japan by year-endRecent regulatory changes in Japan that will come into effect in the next two years are expected to accelerate a shift to digital payments,...
Walmart may get Google on its side in fight with Amazon for IndiaWalmart and Alphabet are seen joining forces once again as they seek to take on Amazon’s growing retail clout, this time in a market outsid...
Goldman Sachs folds BRIC fund after lossesThe bank’s asset-management unit folded its money-losing BRIC fund and merged it last month with a broader emerging-market fund.
BRIC markets appear 'disunited' to stock investorsWhile Chinese and Indian benchmark equity indexes have surged an average 40% this year, Russian and Brazilian gauges posted a mean drop of ...
Brave enough to touch the tiger’s butt?A game featuring a disgraced Chinese official is all the rage in China right now