Leaders & Founders

News and interviews with China tech's start-up leaders and founders. 
  1. Samsung Electronics reported better-than-expected profits after surging internet traffic propelled chip demand and gadget sales started recovering from the Covid-19 slump.The world’s largest manufacturer of memory chips and smartphones posted operating profit of 8.1 trillion won (US$6.8 billion) in the three months ended June, beating the 6.2 trillion won average of estimates. Sales for the quarter were 52 trillion won, according to preliminary results released Tuesday. The company did not…
  2. China’s technology tycoons are flooding Hong Kong’s stock exchange with US$20 billion worth of new listings, reinforcing the city’s position as a major financial hub in Asia.While the city’s rich are preparing for a worst-case scenario amid a controversial national security law, major mainland billionaires are coming in. The latest to do so: William Ding Lei of NetEase and JD.com’s Richard Liu Qiangdong, whose companies completed secondary listings in Hong Kong last month.They follow Jack Ma,…
  3. Social e-commerce giant Pinduoduo on Wednesday appointed Chen Lei, one of its founding members, as the company’s new chief executive, effective immediately.Shanghai-based Pinduoduo said in a statement that former chief executive Colin Huang Zheng will remain as chairman of the board and focus on long-term strategy.Chen, who served as Pinduoduo’s chief technology officer from 2016, is a data scientist by training and a published author on the subject of data mining.Huang said the appointment of…
  4. Selling in the Chinese video-game market has been difficult, according to Bobby Kotick, chief executive officer of Activision Blizzard, the largest US publisher.“We have very compelling content in China, but it’s a restricted market, and for the last year the Chinese government hasn’t approved any content for release,” Kotick said on Bloomberg Television. The company is working with Tencent Holdings and NetEase, which are both partners and competitors, he said.Kotick spoke in an interview on …
  5. Hello, This is Bien Perez from the South China Morning Post’s Technology desk, with a wrap of our leading stories this week.Despite recent moves by China to achieve greater self-sufficiency in strategic areas of technology, semiconductor design and production remains a complex industry that requires decades of research and development to advance. Meanwhile, the US just turned up the heat.Reporters Che Pan and Celia Chen examined whether China’s fledgling semiconductor industry can rescue Huawei…
  6. As the city’s renowned cultural ambassador, the Hong Kong Chinese Orchestra (HKCO) has had a busy schedule in organising more than 100 regular and outreach concerts every year, as well as taking part in various local and international festivals.But disruptions from the coronavirus pandemic have prompted the group to reset, with a plan to do more live-streamed performances using 5G mobile technology under a new government subsidy programme. It reflects renewed efforts by enterprises to adopt…
  7. The US Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet’s Google and Facebook have had for decades, a senior official said, following through on US President Donald Trump’s bid to crack down on tech giants.The goal of the proposal, which is being finalised, is to push tech companies to address criminal content on their platforms such as child exploitation, terrorism or cyberstalking, and boost transparency for users…
  8. Chinese electric car maker Nio has expanded its new shares offering to 72 million American depositary receipts (ADRs), from 60 million, raising US$428.4 million in what might signal a turnaround in investors’ sentiment towards the loss-making start-up.The final price was set at US$5.95 per ADR, about 5.6 per cent lower than Wednesday’s closing price at US$6.3 on the New York Stock Exchange. Still, Nio succeeded in raising more net proceeds than the US$344.2 million estimate it had stated in its…
  9. Chinese-owned video app TikTok’s new chief executive Kevin Mayer has told EU digital chief Thierry Breton he intends to play an active role fighting disinformation, an EU official said on Tuesday, as Breton pushes tech giants to step up their efforts against fake news.Breton in the last two months has held video conferences with Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai, Apple CEO Tim Cook and Twitter CEO Jack Dorsey to promote his campaign against fake news and other issues.TikTok…
  10. Alexis Ohanian, co-founder of the social news aggregation and discussion site Reddit, announced his resignation from its board of directors on Friday and called on the company to replace him with a black candidate.Reddit, one of the most popular websites in the world, has long been a source of controversy. Ohanian has an on-again, off-again relationship with the company. He stepped down from day-to-day work with Reddit in 2018, but had remained on its board.“I believe resignation can actually…