China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs

Parents are looking to Hong Kong and Singapore’s top ranked institutions

Beijing officials express optimism but analysts say weak export data shows recovery remains fragile

FILE PHOTO: A logo of Huawei Technologies is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo…

SHENZHEN, China, Nov. 7, 2023 /PRNewswire/ — A news report from Shenzhen Daily:

In the Chinese timepiece industry, there is a saying that “Shenzhen watch companies stand out among Chinese peers, while the best timepiece companies gather in Guangming District.”

In March, the China Horologe Association announced the country’s top 10 enterprises in the industry.

a watch firm's journey to success comes via ChinaTechNews.com.

Sebi is likely to issue a consultation paper on how markets can move to instantly settle stock transactions.
is likely to issue a consultation paper on how markets can move to instantly settle stock transactions. Talk of a dual stream settlement cycle …

IMG DXD is a scalable GPU IP tailor-made for desktop, laptop and cloud gaming graphics experiences
LONDON–(BUSINESS WIRE)–November 7, 2023–
Imagination Technologies launches IMG DXD, the first product in a new line of high-performance GPU IP with suppo…

Lava International
Sunil Raina
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New Delhi, Home-grown mobile devices makerhas elevated its Presidentas Whole Time Director and interim managing director with immediate effect, the company said on Tuesday. He will handle the c…

Betting apps have become a political hot potato in the current election season after Chhattisgarh chief minister Bhupesh Baghel’s name has surfaced in a related scam. Central agencies including Intelligence Bureau (IB), Research and Analysis Wing (R&#3…

A man works on a tent for NXP Semiconductors in preparation for the 2015 International Consumer Electronics Show (CES) at Las Vegas Convention Center in Las Vegas, Nevada, U.S. on January 4, 2015. REUTERS/Steve Marcus/File Photo Acquire Licensing Right…

BEIJING, Nov 7 (Reuters) – One of the few independently funded English-language publications to cover China in depth for Western audiences, "The China Project", is to close because of a lack of funding, its editor-in-chief, Jeremy Goldkorn, wrote in a post.

'The China Project' media company shuts due to funding problem comes via ChinaTechNews.com.

DouYu chief executive’s troubles come after authorities find pornography on streaming platform

(Reuters) – China-focused private equity firm Ascendent Capital said it wants to take Hollysys Automation Technologies private in a deal that will value the Chinese automation control system provider at around $1.61 billion.
Ascendent, which hold…

Restrictions imposed over national security concerns have taken their toll on US communities dependent on foreign-owned projects

Plus, the shareholder battle at Telecom Italia heats up and management consultants tighten their purse strings

Australia's Prime Minister Anthony Albanese meets with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 6, 2023. AAP Image/Lukas Coch via REUTERS Acquire Licensing Rights
BEIJING/SYDNEY, Nov 7 (Reuters) – A…

Baidu sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights
BEIJING/SHANGHAI, Nov 7 (Reuters) – Baidu (9888.HK) ordered artificial intelligence ch…

The ByteDance logo is seen at the company's office in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights

Summary

Companies Pico to cut jobs with 'hundreds' of staff to be affected-sources

ByteDance has pared back efforts to develop Pico brand-sources

Multiple senior managers have left Pico this year-source

HONG KONG, Nov 7 (Reuters) – ByteDance's virtual reality (VR) arm Pico will cut jobs and undertake the biggest overhaul since it was acquired by the TikTok maker two years ago as global demand for VR headsets hits a trough, three people with direct knowledge of the matter said.

China's ByteDance to overhaul VR arm Pico as global demand declines -sources comes via ChinaTechNews.com.

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In 2018, Microsoft worked on a research project — Project Natick — to test the viability of subsea data centres that will be powered by offshore renewable energy. After two successful years, the 40-foot-long, 12 rack, self-containe…