Some e-sports teams, like Evil Geniuses, have parted ways with many of their expensive League of Legends players. Others, like 100 Thieves, are laying off employees and senior executives. The […]
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Back to news homeDating Apps Thrive in China, but Not Just for Romance
When Qu Tongzhou, a photography assistant in Shanghai, set out on a long-awaited trip to western China in June, she found the cities she visited to be unwelcoming. As an […]
Covid, Russia and Economy Put the ‘China Model’ to the Test
A year ago, while many countries were still reeling from Covid-19, China seemed to be one of few places prospering through the pandemic. It was also the only major economy […]
Tencent Shares Drop After China Media Criticizes Video Games
Shares of Tencent Holdings and other prominent Chinese video-game companies plunged in Hong Kong trading on Tuesday after a Beijing-affiliated media outlet called their products “spiritual opium.”The blast from the […]
China’s Tencent Suspends New Registrations for WeChat
The Chinese internet giant Tencent said Tuesday that it had temporarily suspended new user registrations for its hugely popular WeChat app, raising fears of new regulatory pressures even as it […]
China Moves Against Education Companies, Causing Shares to Plunge
Chinese regulators on Monday banned tutoring companies from making profits, a move that sent their shares plummeting, erasing tens of billions of dollars from the value of the country’s once […]
What China Expects From Businesses: Total Surrender
When Pony Ma, head of the Chinese internet powerhouse Tencent, attended a group meeting with Premier Li Keqiang in 2014, he complained that many local governments had banned ride-sharing apps […]
How China’s Tencent Avoided an Antitrust Push, For Now.
That’s glossing over the huge power imbalance between Tencent and the many satellite companies in its orbit. Colin Huang, founder of Pinduoduo, hinted at that in a 2018 interview, in […]
Jack Ma Shows Why China’s Tycoons Keep Quiet
Jack Ma, the most famous businessman China has ever produced, is avoiding the spotlight. Friends say he is painting and practicing tai chi. Sometimes, he shares drawings with Masayoshi Son, […]
Here Are the 8 Chinese Apps Trump Banned
WASHINGTON — President Trump on Tuesday signed an executive order prohibiting transactions with eight Chinese software applications, including Alipay, the payment platform owned by Ant Group, and WeChat Pay, which […]