Leaders & Founders

News and interviews with China tech's start-up leaders and founders. 
South China Morning Post
  1. Tencent-backed video-sharing app Kuaishou Technology said it was looking to expand its monetisation model and reverse losses, having won approval for a US$5 billion to US$6 billion initial public offering in Hong Kong.The Beijing-based company, which is the world’s second-largest such app, said in a filing with the Hong Kong stock exchange late on Friday that its profitability remained uncertain as it continued to struggle to find ways to make money from its huge user base, reach and engagement…
  2. Beijing-based Kuaishou Technology, the world’s second-largest video-sharing app, has won the green light from Hong Kong to raise roughly US$5 billion to US$6 billion, potentially the city’s largest IPO in over a year, a person familiar with the matter said on Friday.The company, in which Tencent Holdings, China’s largest games publisher, owns a 21.6 per cent stake, was cleared by the listing committee of the Hong Kong stock exchange on Thursday night. The nine-year-old company can now launch…
  3. Twitter chief Jack Dorsey backed the messaging platform’s ban of US President Donald Trump, but said on Wednesday it sets a “dangerous” precedent.“Having to ban an account has real and significant ramifications,” Dorsey said in a string of tweets inviting feedback from users.“While there are clear and obvious exceptions, I feel a ban is a failure of ours ultimately to promote healthy conversation.”Trump’s access to social media platforms he has used as a megaphone during his presidency has been…
  4. China telecoms equipment giant Huawei Technologies Co. aims to deploy Harmony OS on 400 million devices in 2021, according to a senior Huawei executive, as the Chinese telecoms giant manoeuvres to survive harsh US technology restrictions.Wang Chenglu, the head of software at Huawei‘s consumer business group, said at a forum on Tuesday that the company’s goal for Harmony OS this year is to install it on over 200 million Huawei devices and over 100 million third-party devices. “Altogether, the…
  5. Lenovo, the world’s largest personal computer maker, is seeking shareholders’ approval to sell Chinese depositary receipts (CDRs) in Shanghai, in a move that further opens the city’s stock exchange for offshore companies to raise capital.The owner of the IBM Thinkpad laptop brand is seeking to issue 1.3 billion new shares, or 10 per cent of its enlarged capital, through CDRs, Lenovo said in a Tuesday announcement to the Hong Kong stock exchange, without specifying the amount raised. Based on…
  6. China’s leading search engine, Baidu, has entered the fray to take on Tesla and a clutch of domestic smart electric car makers through a new partnership with vehicle manufacturer Geely. Baidu, which already runs one of the world’s largest open autonomous-driving platforms, plans to use Geely’s production facilities and development capabilities to reinforce its foray into car manufacturing, according to two sources with knowledge of the matter. Shares of Geely Automobile shot up by a fifth in…
  7. Elon Musk, world’s richest person.A statement that seemed outlandish one year ago became plausible, then almost inevitable as Tesla’s share price climbed higher and higher in 2020. On Thursday, it finally happened.The electric-automaker’s shares surged 7.9 per cent, boosting Musk past Amazon.com founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. Musk is worth US$194.8 billion , or US$9.5 billion more than Bezos, whose Blue Origin is a rival…
  8. With US sanctions putting a chokehold on Huawei Technologies Co’s 5G and smartphone businesses, company founder Ren Zhengfei said the Chinese tech giant must make cloud computing its priority.In an internal speech delivered in November and shared on a staff forum two days before the new year, Ren admitted that cloud services had not been a strength and the firm needed to make a “breakthrough”.“It is impossible for us to simply follow the same path as Alibaba and Amazon … They have access to…
  9. Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company’s chairman on Tuesday that was reviewed by Reuters.Were it to gain traction, Third Point’s push for changes could lead to a major shake-up at Intel, which has been slow to respond to investor calls to outsource more of its manufacturing capacity. It could also lead to the unwinding of some of…
  10. The move by China’s antitrust regulator to launch an investigation into the alleged monopolistic practices of Alibaba Group Holding will be the first time authorities have cracked down on the so-called “picking one from two” practice, despite its years-long use in the e-commerce market.The tactic, in which online merchants are forced to choose only one platform as their exclusive distribution channel, is widespread in China, especially during the shopping festivals such as November 11.Under the…