dji DJI Internal Corruption Scandal Leads to $150 Million in Losses Chinese drone giant DJI investigates a massive internal corruption scandal causing over $150 million in losses.
china China Auto Market Declines for First Time Since 1990s as Used Cars Surge China experiences its first annual drop in new passenger car sales since the 1990s due to trade tensions and a cooling economy. Meanwhile, the used car market sees significant growth driven by e-commerce platforms and relaxed cross-provincial trading rules.
wechat WeChat Quietly Launches Credit Scoring System for Over 1 Billion Users Tencent's WeChat introduces a credit-scoring system for its billion-plus users, challenging Alibaba's Sesame Credit.
wechat WeChat Quietly Launches Payment Score System for Deposit-Free Services Tencent introduces a new credit scoring system for WeChat that rewards users with deposit-free rentals based on their digital behavior. The feature directly competes with Alibaba's Sesame Credit system.
apple HomePod Available in China Starting January 18 Apple brings the HomePod wireless speaker to mainland China and Hong Kong starting January 18.
apple Apple Brings Mandarin-Speaking HomePod to China Amid Economic Headwinds Apple is releasing the HomePod in China and Hong Kong with native Mandarin and Cantonese support. The premium smart speaker faces an uphill battle against cheap local rivals and a slowing Chinese economy.
meituan Meituan Adds Nvidia, Valeo, and Icona to Autonomous Delivery Platform China's largest food delivery service, Meituan Dianping, partners with Nvidia, Valeo, and Icona to advance its autonomous delivery vehicles at CES.
xiaomi Xiaomi Buys Stake in TCL to Boost Smart TV and Chip Development Xiaomi acquires a 0.48 percent stake in major TV manufacturer TCL, strengthening a strategic partnership focused on chip research and smart device integration.
apple Apple's Revenue Warning Sparks Massive U.S. Stock Market Sell-Off A surprise earnings warning from Apple triggers a broad market plunge, wiping out $75 billion from the tech giant alone as major indices fall sharply. Slowing manufacturing data in both the U.S. and China deepens investor concerns over global economic stability.
apple Apple Lowers Q1 Revenue Guidance Amid China Slowdown and Weak iPhone Sales Apple revises its first-quarter revenue expectations down to $84 billion, citing unexpected economic deceleration in Greater China and fewer iPhone upgrades. Non-phone product categories grow by 19 percent, but this increase is not enough to offset the smartphone decline.
china China Achieves First-Ever Soft Landing on Far Side of the Moon China makes space exploration history by successfully landing the Chang'e 4 probe on the moon's far side. The mission relies on a relay satellite to communicate with Earth and aims to survey the largely unexplored lunar terrain.
export-controls Curbs on A.I. Exports? Silicon Valley Fears Losing Its Edge The US Commerce Department proposed new export restrictions on artificial intelligence technology for national security reasons following the passage of the Export Controls Act of 2018. In November, the department released a list of technologies under consideration, including categories like computer vision and natural language understanding. Federal officials argue that
didi chuxing Didi Chuxing Introduces Insurance and Credit Services Amid Driver Regulations Didi Chuxing is launching in-app insurance and lending options for drivers and passengers as strict new licensing rules threaten to shrink its workforce.
china New Regulations Crush China's Part-Time Ride-Hailing Gig Economy Strict new licensing requirements effectively end part-time ride-hailing work in China by forcing drivers to register personal vehicles as commercial cars. The resulting costs and residency restrictions push millions of casual workers off platforms like Didi.
google Google CEO Avoids Direct Answers on Censored Dragonfly Search Engine Sundar Pichai downplays Google's censored Dragonfly project during a US House hearing, calling it merely an internal effort with no current launch plans. Meanwhile, Chinese internet users and some Google staff view the potential return positively.