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Chinese chip maker Black Sesame slumps 26% in IPO as market turmoil worries investors

Black Sesame International, a Chinese chip maker focused on autonomous-driving systems, slumped in its Hong Kong trading debut as market…

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Tech

Chinese auto chip designer Black Sesame to raise up to US$143 million in Hong Kong IPO

Based in Wuhan, capital of central Hubei province, Black Sesame plans to float 37 million shares at a price range…

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Tech

Xiaomi-backed Populele taught me how to play a ukulele when a real music teacher couldn’t

The height of my embarrassment came when it was time for the class to play along to a song together:…

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Tech

Xiaomi buys US$116 million site for electric car production in Beijing

Chinese tech company Xiaomi has purchased a plot of land in Beijing for 842 million yuan (US$116 million) to expand…

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New Business

Chinese EV maker Nio launches second-generation smartphone to boost its appeal

Chinese electric vehicle (EV) maker Nio has launched its second-generation smartphone fitted with an artificial intelligence (AI)-powered chatbot tool, reinforcing…

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Tech

Huawei sanctions shrink founder Ren Zhengfei’s wealth while Xiaomi CEO Lei Jun’s net worth doubles

US sanctions on Chinese telecommunications giant Huawei Technologies have eaten into founder Ren Zhengfei’s personal wealth, even as opportunities in…

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Tech

Oppo open to investing more overseas despite China tech backlash, smartphone brand’s president of global sales says

Wu’s comments signal optimism in the India market despite a rise in anti-China sentiment in the country due to the…

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New Business

Apple falls: iPhone maker out of China’s top 5 as Huawei ascends

Apple has fallen out of the top 5 ranking of smartphone vendors in China, according to data trackers, marking the…

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Tech

Inside China Tech: China, US trade barbs over cybersecurity

The NSA advisory, published on Tuesday, details 25 cyber vulnerabilities that have been “recently leveraged, or scanned-for, by Chinese state-sponsored…

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Tech

Xiaomi founder Lei Jun said US sanction fears spurred smartphone maker’s EV push

Lei Jun, founder and CEO of Chinese smartphone maker Xiaomi, said his fear of US sanctions in 2021 pushed him…

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