Hello, this is Kenji from Hong Kong. Mainland China (and Japan for another reason) is a five-day holiday, but the news flow is uninterrupted. Check out the big story about how China is building its own tip industry under US pressure. US allies, India and Japan, are taking steps to further avoid 5G and drones from China (Mercedes Top 10). But we don’t just follow China. This week you can enjoy the spotlight at VNG, Vietnam’s first unicorn. Please ensure your safety.
Big Story — Exclusive
China is primarily implementing secret strategies for chip independence. A case study of Yangtze Memory Technologies, one of China’s leading semiconductor companies, reveals Beijing’s determination to reduce its reliance on US suppliers. Nikkei Asia Limited..
Key Point: Once a month, senior executives from Yangtze Memory Technologies, also known as YMTC, fly to Beijing for a meeting with China’s top economic management agencies. Part of the focus is on programs aimed at separating Chinese companies from US technology.
The program was attended by more than 800 full-time employees and staff from multiple local suppliers for two years.
The goal is to learn as much as possible about the origin of everything in YMTC’s products, from production equipment and chemicals to small lenses, screws, nuts and bearings on chip making machines and production lines. At each stage, local suppliers, or at least non-US suppliers, are required to replace US competitors.
Up shot: The US-China technology competition has mainly focused on Washington’s efforts to separate from China. However, the YMTC example shows the detailed strength of China’s unique decoupling strategy.
Top 10 Mercedes
Trouble Chinese Big tech companies aren’t over yet.Chinese authorities are targeting more companies In the fintech sector..
Beijing Crackdown is also possible Hit fate You may need to waive Tencent Music’s exclusive music rights and sell important apps.
India have Snub Huawei Ericsson, Nokia and Samsung have been nominated to conduct 5G communication tests with equipment manufacturers.
TikTok, Chinese-Owned viral video app New boss.. Shouzi Chew, Chief Financial Officer of ByteDance, Singapore..
Asian start-ups from Indonesia To Japan Jumping into the government and developing its own government Vaccine passport..
Another big food delivery app is set up for an IPO.will India Zomato Will you follow the path of Deliveroo in the UK or DoorDash in the US at the time of your debut?
Japanese Infrastructure companies are no longer in use Chinese-I made a drone Security risk..
The company behind the robot vacuum cleaner Roomba Cut the tie With that Hong Kong Developer, a sign of the middle era We—China tension.
in the meantime, Taiwan Takes a dramatic step in Prohibition of hiring For work in China to prevent the outflow of important engineers to the mainland.
Dating app Is revolutionizing romance India, Arranged marriage land.
When the wise man speaks
Last week, China deployed the first module of the space station, consolidating its position as a major space power.But the launch Just a stepping stone To achieve greater ambition in space Matthew Funaior And Brian Hart At CSIS, a Washington-based think tank.
Stanford University’s DigiChina Dream Team I did a big service In analyzing the latest drafts of Beijing’s major data privacy legislation.Hat tips Alexa Lee, Samsack, Rogier Creemers, Mingri Sea And Graham Webster..
Rescue of the deceased Peking University Founder Group Is Tell the episode About how things work in China.After the astonishing bankruptcy of a technology-to-finance and healthcare conglomerate backed by the country’s top universities in February last year, a court-designated manager Ping An Insurance Two local governments as co-sponsors.
Last week, sponsors agreed to pay up to $ 11.3 billion to restart the state conglomerate as a “new founder group.” Pinan supports most of the bill. However, the company said participation in the restructuring of well-known state-owned enterprises is partly intended to enhance its “corporate reputation.” Interestingly Founder’s MicroelectronicsThe bankrupt group’s chip maker’s jewel, has been excluded from the transaction and sold to the Shenzhen government’s investment sector.
A manager consisting of the central bank, the Ministry of Education, financial regulators and the Beijing Municipal Government may have thought the deal was great, as it settled bad debts from Peking University primarily at private expense. But the objection came from the Hong Kong stock market. The share price of Founder Holdings, one of the listed units of the rescued university group, almost doubled shortly after the announcement. Meanwhile, Pinan fell 2.5%.
Vuong Quang Khai Locally known as the “father” Zalo, Vietnam’s most popular chat app.That advantage is part of the reason VNG, A technology conglomerate from gaming startups and the first unicorn in Southeast Asian countries, has been very successful.
Over the last decade and a half, VNG has diversified into cloud computing, advertising, digital payments and media, building one of Vietnam’s largest digital user bases. Kai, Executive Vice President of VNG and an educated computer scientist in Colombia, is leading the work on artificial intelligence. “If we aren’t catching up with the next wave, we can be irrelevant,” Kai said.
One of the core products Kiki, AI voice assistant. Zalo has negotiated with a major dashboard company that Khai didn’t name and announced Kiki for the masker market by the third quarter of 2021.His team’s AI work starts with face recognition Vietnam Capital Bank To Kiki’s playlists trained through another VNG business’s huge song library to see clients Zing Music..
Just when the roaring stock market in Hong Kong felt like a swan’s malaise JD Logistics We have an initial public offering agreement to raise approximately $ 4 billion.
The IPO estimates that the logistics division of JD.com, one of China’s largest tech companies, is worth about $ 40 billion. According to this work of Nikkei Asia. JD Logistics launched an investor meeting last week after being nodded by the stock exchange listing committee. JD.com And its healthcare business JD Health Both are already listed on the HKEX.
According to the IPO application, JD Logistics was China’s largest integrated supply chain logistics service player with revenue in 2019. And while the company’s profits have skyrocketed, it’s not making money. According to the prospectus, it posted a net loss of RMB2.8 billion ($ 433 million) in 2018, RMB2.2 billion in 2019 and RMB11.7 million in the first nine months of 2020. ..
This chart is Apple Resurrection In the global smartphone market — and Huawei Rapid decline. The advent of 5G services last year should have ushered in an era for China’s industry leaders, but US coordinated pressure on the supply chain has significantly reduced the number of smartphones shipped this year.
Chinese challenger Xiaomi, Oppo And Vivo In 2021, it overtook Huawei in all smartphone sales. But there’s still a lot of sunlight between the main challengers, Xiaomi and Apple. iPhone makers are also generating huge amounts of cash and can continue their aggressive share buyback program.
Inside China’s secret plans for chip self-reliance Source link Inside China’s secret plans for chip self-reliance