Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Wechat"


25 mentions found


Hong Kong CNN —Capvision, an international advisory firm whose offices in China were raided by officials, says it has successfully completed a national security inspection overseen by the Chinese government. The raids were part of a broader crackdown on the consulting industry by Beijing as it seeks to tighten control over what it considers sensitive information related to national security. “We have deeply realized that the consulting sector must step up the awareness of safety and security. The fine came to light months after authorities closed the firm’s Beijing office in March and detained five of its local employees. In April, police questioned staff at the Shanghai offices of global consulting giant Bain & Company.
Persons: Hong Kong CNN —, ” Capvision, Capvision, Mintz Organizations: Hong Kong CNN, CNN, Mintz Group, Bain & Company Locations: China, Hong Kong, Shanghai, New York, Beijing, American
WASHINGTON, Oct 3 (Reuters) - Two U.S. senators said they were investigating short video sharing app TikTok's reported decision recently to hire several high-level executives from its Chinese parent company, ByteDance. Republican Senator Josh Hawley, who sought unanimously consent to win approval for legislation to ban TikTok in May, plans to force a vote on the issue later this year. "We need to come back to it and we need to ban it," he told Reuters last month. "(TikTok) has hired lobbyists by the bazillion, they are in the halls constantly and they have been able to stop progress." TikTok is fighting a ban by the state of Montana set to take effect on Jan. 1.
Persons: Richard Blumenthal, Republican Marsha Blackburn, Shou Zi Chew, TikTok, Maria Cantwell, Josh Hawley, Donald Trump, David Shepardson, Jonathan Oatis, Mark Porter, Alexandra Hudson Organizations: ByteDance, Democrat, Republican, U.S, Biden, White, TikTok, Reuters, HK, Alexandra Hudson Our, Thomson Locations: China, Montana
A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowSHANGHAI, Oct 1 (Reuters) - U.S. automaker Tesla (TSLA.O) on Sunday released an updated version of its Model Y in China, with minor changes to the vehicle's exterior and interior. The starting price in China for the Model Y, the company's global best-seller, was unchanged at 263,900 yuan ($36,146). Tesla unveiled a restyled Model 3 with a longer driving range, manufactured at its Shanghai factory, in China and other export markets in early September. ($1 = 7.3010 Chinese yuan renminbi)Reporting by Brenda Goh; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
Persons: Thomas Peter, Tesla, Brenda Goh, Edmund Klamann Organizations: REUTERS, U.S, Sunday, Thomson Locations: Beijing, China, Shanghai
Why Government Shutdowns Are a Constant Threat
  + stars: | 2023-09-29 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
Tech CEOs Want to Make a ‘Super App.’ Here’s Why It’s So Hard. All of these companies have made attempts at building a “super app” in the U.S., following the success of WeChat in China. But they’ve struggled to combine functions like social media, messaging, payment into one place. Here’s why. Illustration: John McColgan
Persons: they’ve, John McColgan Organizations: Meta, PayPal Locations: U.S, China
SenseTime's former IP rights employee under investigation
  + stars: | 2023-09-28 | by ( Josh Ye | ) www.reuters.com   time to read: +1 min
Hong Kong, Sept 28 (Reuters) - Chinese tech company SenseTime (0020.HK) said on Thursday a former employee of its intellectual property division is now under police investigation. Without elaborating on details, a SenseTime spokesperson told Reuters via messaging app WeChat, "a former employee of [the] intellectual property division is currently under investigation by the Public Security Bureau due to suspected commercial related case." The state-backed Shanghai Securities News said the suspect is a former executive director of intellectual property rights. The report added that the suspect is now subject to "mandatory measures" due to economic problems but it did not specify which economic problems are under investigation. Reporting by Josh Ye in Hong Kong, Ella Cao in Beijing and Meg Shen in Hong Kong.
Persons: SenseTime, Josh Ye, Ella Cao, Meg Shen, Jane Merriman, Ros Russell Organizations: HK, Public Security, Shanghai Securities News, Thomson Locations: Hong Kong, Beijing
China's property crisis may take up to a decade to resolve, economist Hao Hong told CNBC. Hong's WeChat and Weibo social media accounts were suspended last year after a series of bearish posts on China's economy. "Fixing the property sector may be a multi-year or even a decade's work in front of us. The property sector, along with related industries, contributes as much as 30% to the country's GDP. Still, there may be an upside ahead for China's economy once the property market's problems are resolved, Hong told CNBC.
Persons: Hao Hong, Hong's WeChat, , Keng, that's, Hui Ka Yan, Hong, Hao, , China's, Hong's, Li Daokui, Evergrande Organizations: CNBC, Weibo, Service, Grow Investment, China, Bloomberg, Investment, CFA, Twitter, Nikkei, Bank of Communications International, People's Bank of China Locations: China, Shanghai, Weibo
Two people who know Fu told CNN that they heard from common friends she had a child through surrogacy in the US, though they did not know who the father was. Fu stopped posting on her WeChat social media account in May after returning to China from the US in April, two sources close to Fu told CNN. Fu Xiaotian, 40, was the host of a flagship talk show on Hong Kong-based Chinese broadcaster Phoenix TV. Following Qin’s disappearance, Chinese social media users have scrutinized Fu’s posts on Weibo, a popular microblogging site, where she boasts more than a million followers. She last posted on Wechat, another Chinese social media app, on May 21, the two people who know Fu told CNN.
Persons: Hong Kong CNN — China’s, Qin Gang, Fu Xiaotian, Qin, Fu, Xi Jinping, , Fu –, , Qin’s, , ” Yun Sun, Sun, That’s, Xiaotian, Zikuan Chen, Fu reminisced, Er, ’ ” Fu Organizations: Hong Kong CNN, Financial Times, Phoenix, CNN, China’s Foreign, ” CNN, China’s, Information Office, Phoenix TV, Wall Street Journal, Communist Party, Stimson, World, Cambridge University, Star, Churchill College, Gulfstream G650, Fu, Federal Aviation Administration, Gulfstream, Anchorage International, Washington DC, Qin Locations: Hong Kong, United States, Beijing, China, Washington, London, Phoenix TV’s London, Fu, Weibo, California, Chongqing, Orange County , California, Italy, alma, Los Angeles, Anchorage, Alaska, Miami
Several stocks are set to benefit from the "relentless pursuit of eyeballs" in the Chinese internet sector, according to analysts at asset management firm AllianceBernstein. Mini programs are apps within WeChat and have functions in areas such as e-commerce, task management, coupons, and so on. Tech giant Alibaba was given a price target of $100, representing a 14.9% upside from its Sept. 18 close. Kuaishou and Bilibili were given target prices of HK$70 and $16, representing 10.9% and 17.0% upside, respectively. Outlook The analysts said the expansion of channels for spending could lead to accelerating growth in e-commerce penetration, though the extent of upside is "debatable."
Persons: Robin Zhu, Ronald Ma, Xuan Ji, Xiaohongshu, AllianceBernstein, PDD, JD, — CNBC's Michael Bloom Organizations: Douyin, JD, Hong Kong, HK, Tech Locations: China, Pinduoduo
Chinese navy seeks graduate students for warplane pilot roles
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +2 min
BEIJING, Sept 21 (Reuters) - The Chinese navy wants to hire highly educated graduate students to fly shipborne aircraft, and is raising the age limit to expand its search, as it seeks to improve the qualifications of its air personnel and build a "strong army". In an advertisement on social media platform WeChat, the People's Liberation Army Navy said it was seeking graduate students who hold science and engineering master degrees and who are below 26 years old to pilot aircraft from ships, including China's growing fleet of aircraft carriers. "The need for high-quality military talent becomes more imperative day by day," the People's Liberation Army Navy said in the advert, published on Wednesday. "The mission and tasks of the navy continue to expand. Candidates must be male with a clean "political history" and have no legal or disciplinary history, according to the advertisement.
Persons: Albee Zhang, Ryan Woo, Miral Organizations: People's Liberation Army Navy, Thomson Locations: BEIJING, China, Fujian
Meng Wanzhou, Huawei’s rotating chairwoman and chief financial officer, made the announcement in Shanghai during a company event. Huawei’s decision follows a similar move by fellow Chinese tech giant Alibaba (BABA), announced earlier this month, to prioritize AI. Hacking allegationsNews of Huawei’s strategic update came the same day the company was mentioned in allegations lodged by China against the United States. In 2019, Huawei was added to the US “entity list,” which restricts exports to select organizations without a US government license. In recent weeks, Huawei has added to US-China tensions again after launching a new smartphone that represents an apparent technological breakthrough.
Persons: Meng Wanzhou, Meng, , China —, Ren Zhengfei, Mengchen Zhang Organizations: Hong Kong CNN, Huawei, Intelligence, Iran, US Department of Justice, China’s Ministry of State Security, United, US National Security Agency, NSA Locations: China, Hong Kong, Shanghai, Canada, United States
Vcg | Visual China Group | Getty ImagesBEIJING — China's capital city is taking swift steps to allow robotaxi businesses to grow. As of Tuesday, the suburban Beijing city district of Yizhuang is officially letting local robotaxi operators — primarily Baidu and startup Pony.ai — charge fares for fully autonomous taxis, with no human staff inside. "We have very high confidence ... maybe only in three years, our full driverless vehicles are going to be running over the whole Beijing city," he said in an interview with CNBC on Monday. Out of more than 200 robotaxis that Pony.ai operates in the region, only about ten are currently fully driverless, Zhang said. Beijing city did not immediately respond to a CNBC request for comment.
Persons: Ning Zhang, Beijing's, Zhang, Yin Yong, Pony.ai, Baidu, Alphabet's Waymo, Pony.ai's Zhang, , Leswing, Lora Kolodny Organizations: Visual China, Getty, BEIJING, Baidu, CNBC, Daxing International, robotaxis, General Motors, California Department of Motor Vehicles, Beijing Daxing, Google Locations: Beijing, Yizhuang, Pony.ai, Yizhuang district, Daxing, U.S, San Francisco, California, China, Shenzhen, Wuhan, Chongqing, Guangzhou, Shanghai
The state-owned Shanghai Securities Journal reported that one of the detainees is the general manager and legal representative of Evergrande Wealth, citing an unnamed source. CNN has reached out to Evergrande and Evergrande Wealth for comment about the investigation, but hasn’t received a response. Of that amount, 34 billion yuan ($4.7 billion) was still unpaid by the end of last year. Multiple protestsProblems at Evergrande’s wealth unit first became widely known in August 2021, when it stopped issuing financial products due to “difficulty” in repaying them. Sayaka Nanbu/APTo appease its creditors, Evergrande Wealth subsequently proposed several repayment plans.
Persons: “ Du, hasn’t, Evergrande, Sayaka Nanbu Organizations: Hong Kong CNN, Hong, Police, Evergrande, Shanghai Securities Journal, CNN, Shenzhen government’s, Evergrande’s Locations: Hong Kong, Shenzhen, Evergrande’s Shenzhen, Shanghai, United States
China EV adviser sees tech tie-ups resolving EU trade conflicts
  + stars: | 2023-09-18 | by ( ) www.reuters.com   time to read: +2 min
Robotic arms assemble cars in the production line for Leapmotor's electric vehicles at a factory in Jinhua, Zhejiang province, China, April 26, 2023. Meanwhile, European automakers can also leverage China's EV technologies to accelerate their transition to electrification, he added. Chinese EV maker Xpeng (9868.HK) in July struck a deal with Volkswagen (VOWG_p.DE) to jointly build two new models based on Xpeng's EV platform in China. Others, like LeapMotor (9863.HK) are also seeking to license its EV technologies to foreign partners. Chinese battery maker CATL (300750.SZ) has been ramping up its German plant and is building another site in Hungary.
Persons: Dong Yang, EVs, Ursula von der Leyen, Zhang Yan, Brenda Goh, David Evans Organizations: REUTERS, Rights, European Commission, EV, China's Ministry of Machinery, BAIC Group, Gang, Munich IAA, European, Xpeng, HK, Volkswagen, Thomson Locations: Jinhua, Zhejiang province, China, Europe, Munich, Hungary
Around the same time, Tencent announced it is integrating its AI model into advertising content creation, and its own Zoom-like video conferencing app. It's also not clear how powerful China's AI applications currently are, beyond demos and select business partnerships. "Overall we see generally Chinese language model[s] still lag behind the most advanced ChatGPT version 4," CLSA's Tony Zhang said in a phone interview in the last week. Now with Beijing's green light, public-facing AI applications such as Baidu's Ernie bot can be widely used in China. Generative AI and large language model-related revenue contributed to 20% of SenseTime' s revenue in the first half of 2023, Nomura analysts said, citing company management.
Persons: Nomura, Tencent, Coffee, Luckin, Joey Wat, It's, Tony Zhang, , Ernie, Oliver Wyman's David Xie Organizations: Baidu, KFC Locations: Beijing, China, Taobao, TikTok
Tech CEOs Want to Make a ‘Super App.’ Here’s Why It’s So Hard. All of these companies have made attempts at building a “super app” in the U.S., following the success of WeChat in China. But they’ve struggled to combine functions like social media, messaging, payment into one place. Here’s why. Illustration: John McColgan
Persons: they’ve, John McColgan Organizations: Meta, PayPal Locations: U.S, China
Still, it could hurt perceptions of Chinese EV makers as they expand abroad, Bernstein analysts said in a client note. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. Shares in European carmakers were also among the biggest fallers on the euro zone stock index (.STOXXE50) in early trading. STRAINED RELATIONSThe anti-subsidy probe, initiated unusually by the European Commission and not from any industry complaint, comes amid broader diplomatic strains between the EU and China. It accounted for 40.25% of EV exports from China between January and April 2023.
Persons: Annegret, Ursula von der Leyen, Bernstein, BYD, CATL, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed, Mark Potter Organizations: REUTERS, China, EV, EU, European, Ministry of Commerce, Eurasian Group, Reuters Graphics, Reuters Graphics Hong Kong, HK, Geely, SAIC, BMW, Volkswagen, Mercedes, European Commission, China Passenger Car Association, EVs, for Strategic, Internal Studies, Reuters, Thomson Locations: Berlin, Germany, Europe, China, SHANGHAI, BEIJING, Beijing, EU, Brussels, Southeast Asia, Reuters Graphics Hong, Shanghai, Xpeng, Shenzhen, SZ, Moscow, Russian, Ukraine, U.S, Hong Kong
Analysts said the probe could slow capacity expansion and the capital spending cycle of China's battery suppliers, although the move should not pose a big downside risk for Chinese EVs. Hong Kong shares of market leader BYD fell more than 3%. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. GROWING MARKET SHAREEU officials believe Chinese EVs are undercutting the prices of local models by about 20% in the European market, piling pressure on European automakers to produce lower-cost electric vehicles. It accounted for 40.25% of EV exports from China between January and April 2023, up from 36.5% in 2022.
Persons: Angelika Warmuth, Ursula von der Leyen, BYD, CATL, der Leyen, Li Qiang, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed Organizations: BYD Company, REUTERS, China, EV, European Commission, EU . European, Analysts, HK, Geely, SAIC, EU, Chamber of Commerce, China Passenger Car Association, Center, Strategic, Internal Studies, Volvo, Thomson Locations: Munich, Germany, Europe, HONG KONG, SHANGHAI, Hong Kong, Beijing, Shanghai, Xpeng, Shenzhen, SZ, China, Moscow, Russian, Ukraine, New Delhi, Brussels, U.S
HONG KONG (AP) — China's Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying Thursday that it is a “protectionist” act aimed at distorting the supply chain. The EU announced Wednesday it will probe government subsidies provided to Chinese automakers that the EU contends keep EV prices artificially low. China has become the biggest market for electric vehicles after investing billions in subsidies to gain an edge. “It’s naked protectionist behavior that will seriously disrupt and distort the global automotive industrial chain and supply chain including the European Union, and will have a negative impact on China–EU economic and trade relations,” he said. Cui urged the EU to take an “objective view of the development of China’s electric vehicle industry” instead of using what he said are economic and trade tools to increase the costs of Chinese electric vehicles in Europe.
Persons: Yadong, , , Cui Dongshu, ” Cui, Cui Organizations: , Commerce, European Union, EU, China Passenger Car Association Locations: HONG KONG, China, EVs, Japan, Europe, Beijing, EU
Employees work on the assembly line of C11 electric SUV at a factory of Chinese EV startup Leapmotor on April 26, 2023 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty ImagesThe European Union should "objectively" consider China's electric vehicle industry and its highly competitive industrial supply chain, the head of a China automobile industry body on Thursday. This comes a day after the European Commission, the executive arm of the European Union, unexpectedly launched an "anti-subsidy" investigation into China's EV makers. "The EU should view the development of China's electric vehicle industry objectively, rather than arbitrarily employing unilateral economic and trade tools to restrict the development or increase operating costs of China's electric vehicle products in Europe," he added. He added that Chinese cars exported to Europe are generally retailing at nearly double the prices in mainland Chinese markets.
Persons: Cui Dongshu, Cui, Ursula von der Leyen Organizations: Visual China, Getty, European Commission, European Union, China's, China Passenger Car Association, CNBC, of Locations: Jinhua, Zhejiang Province, China, Europe, Strasbourg, EU, U.S, Beijing
BEIJING, Sept 14 (Reuters) - China's electric vehicle (EV) industrial chain is highly competitive, Cui Dongshu, secretary general of the China Passenger Car Association, said on Thursday, urging the EU to take an objective view of the industry's development. Cui made the comments in a post on his own WeChat account, responding to an EU anti-subsidy probe into Chinese EVs. The EU could not arbitrarily use unilateral economic or trade tools to prevent development of EV products in Europe or increase their operating costs, Cui wrote. The price of China-made cars exported to Europe is generally almost double the domestic price, he said, adding that China's strong EV exports is not the outcome of hefty state subsidies. Reporting by Qiaoyi Li and Brenda Goh; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Cui Dongshu, Cui, Qiaoyi Li, Brenda Goh, Kim Coghill Organizations: China Passenger Car Association, EU, Thomson Locations: BEIJING, EU, Europe, China
Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song Acquire Licensing RightsSHANGHAI, Sept 13 (Reuters) - Alibaba said on Wednesday it would open its artificial intelligence model Tongyi Qianwen to the public, in a sign it has gained Chinese regulatory approval to mass-market the model. He was replaced by newly installed Alibaba Group CEO, Eddie Wu. In an internal letter to Alibaba staff on Tuesday, Wu said that AI would be at the centre of Alibaba Group's future strategy. Alibaba first unveiled Tongyi Qianwen in April, saying at the time that the AI large language model, which is similar to ChatGPT, would be integrated into all business applications.
Persons: Aly, Alibaba, Daniel Zhang, Eddie Wu, Wu, Tongyi Qianwen, Casey Hall, Tom Hogue Organizations: Artificial Intelligence, REUTERS, Rights, Cloud Intelligence Division, Zhejiang University, Thomson Locations: Shanghai, China, United States, DingTalk, Alibaba
The wording of the draft amendment is reminiscent of language used by Beijing to rein in free speech at home or to hit back at perceived slights by foreign countries and businesses. Several legal scholars have also questioned the implicit vagaries of the proposed amendment and the absence of specific guidelines. “State power directly interferes in the field of individual citizens’ daily clothing, which is obviously an overreaching intervention,” she wrote on Weibo. In the wake of this month’s draft amendment, one Weibo user questioned whether cosplayers or kimono-clad employees of Japanese restaurants might fall afoul of the proposed rules. “Why don’t we wear Chinese tunic suits or Hanfu?” he asked.
Persons: Hong Kong CNN —, , Mark Schiefelbein, Tong Zhiwei, , Lao Dongyan, meanwhile, Lao Organizations: Hong Kong CNN, country’s Public, AP, East China University of Political Science, Law, Twitter, Beijing’s Tsinghua University Locations: China, Hong Kong, Beijing, Shanghai, Weibo, today’s China, Japan, Suzhou
At the time, authorities provided no details about his case, except that he was detained by state security officers in April 2021. According to a court statement at the time he had been arrested by state security authorities in April 2021. Beijing and Washington have escalated espionage accusations against each other, after the controversy over an alleged Chinese spy balloon shot down by the US further inflamed tensions earlier this year. In its WeChat post, China’s spy agency claimed Leung’s patriotic Chinese persona was a means of gaining access to Chinese intelligence. The latest allegations against Leung from China come the same week an alleged Chinese spying scandal has rocked the heart of British politics.
Persons: Hong Kong CNN —, John Shing, Wan Leung, Leung, William Burns, , , Tom Tugendhat, Rishi Sunak Organizations: Hong Kong CNN, Ministry of State Security, Authorities, CNN, US State Department, CIA, Conservative Party, Sunday, British Locations: Hong Kong, Hong Kong CNN — Beijing, American, China, PRC, Beijing, Washington, Houston, London
A man walks past a model of the G20 logo outside a metro station ahead of the G20 Summit in New Delhi, India, September 4, 2023. The think tank accused India of bringing geopolitical "private goods" onto the global stage, which it said would not only help the country to fulfill its responsibility as the host of G20 but also create further problems. India held two earlier G20 meetings in disputed territories -- one in Arunachal Pradesh that China also claims, and another in Kashmir, contested by Pakistan. the think tank said in a commentary published on its Wechat account. Last Sunday, reacting to news that Xi would not attend the G20 summit, U.S. President Biden said he was "disappointed" but would "get to see him".
Persons: Anushree, Xi Jinping, Narendra Modi, Li Qiang, Xi, Biden, Kevin Yao, Kim Coghill Organizations: REUTERS, Rights, China Institute of Contemporary International Relations, Ministry of State Security, Pakistan, Thomson Locations: New Delhi, India, Rights BEIJING, India's, Arunachal Pradesh, China, Kashmir, U.S, United States, Beijing, Heilongjiang
Tech CEOs Want to Make a ‘Super App.’ Here’s Why It’s So Hard. All of these companies have made attempts at building a “super app” in the U.S., following the success of WeChat in China. But they’ve struggled to combine functions like social media, messaging, payment into one place. Here’s why. Illustration: John McColgan
Persons: they’ve, John McColgan Organizations: Meta, PayPal Locations: U.S, China
Total: 25