China’s tech giants are allegedly experiencing increased pressure from regulators within the country who are worried about growing influence, causing Tencent to drop more than $60 billion from its market value as of Monday. The decrease in market value is largely due to concerns over greater regulator scrutiny. Chinese media
Tencent’s stock dropped 2.3% amid the Hong Kong protests on Thursday, making it the worst performer on the Hang Seng Index (HSI), while Alibaba celebrates massive earnings from China’s “singles day.” While Alibaba and Tencent remain two of China’s most valuable tech companies, Tencent is suffering while Alibaba stock has
How is A.I. developing differently in the U.S. and in China? One aspect is the investment landscape. In a new MIT Technology Review article, the massive concentration of Chinese A.I. development in the hands of the three largest companies is emphasized and explored. While the country boasts 190 major A.I.