Wei Sheng, Author at China Underground

VC Roundup: Chinese tech firms are betting on chips

Chinese tech giants typically focus on the consumer market. But their appetite for early stage investments in semiconductors is growing.

The launch shows that the split is an initial success, as the Honor phone contains technology that Huawei still finds difficult to acquire.

Douyin Pay was recently added to the app, allowing users to buy virtual gifts for livestreamers and pay for goods on the app’s e-commerce platform.

The US Department of Commerce has told Huawei suppliers that it intents to deny “a significant number of license requests” to Huawei.

996 is still a problem in China’s tech industry. It’s brutal to employees, and it’s questionable whether overtime work pays off even for companies.