Technology

Foxconn gets Shanghai’s nod in record time to raise US$4.3 billion in initial public offer

Foxconn Industrial Internet, a unit of the world’s biggest contract manufacturer whose products include Apple’s iPhones, was put on the fast track for securing the nod by China’s securities regulator to raise capital through an initial public offering. The unit of Taiwan’s Hon Hai Precision Industry has been approved by the China Securities Regulatory Commission […]

Technology

Tencent disables comments section for new official WeChat accounts at request of Beijing

WeChat, China’s biggest social network and messaging app with more than 1 billion users, disabled the comments section of newly registered official accounts on Tuesday to comply with a Chinese government request. Tencent Holdings, which operates the app on the Chinese mainland under the name Weixin, said all new official accounts as well as those […]

Technology

The Post launches Abacus, a news site that focuses on telling the story of China’s tech industry

Abacus, a news brand that covers the latest trends in China’s technology industry, launched today in New York City, where the occasion was marked by the ringing of Friday’s opening bell at the New York Stock Exchange. “Gone are the days when every Chinese trend had a Western counterpart,” said Abacus executive producer Ravi Hiranand. […]

Technology

Nietzsche-quoting Cheetah Mobile CEO literally takes a plunge into AI-enabled robots, speakers

One moment, Cheetah Mobile CEO Fu Sheng was on stage at Beijing’s Water Cube telling the gathered journalists about his decision to push the app and livestreaming company into hardware, the next he was standing pool-side, before diving into the same pool that hosted the 2008 Olympic Games swimming competition. The 40-year-old, who has a […]