Chinese Tech Giants

Need democratisation of tech for mass usage: PM Modi at G7 Outreach summit

The world community must work towards converting the monopoly in technology into mass usage to lay the foundation of an inclusive society and help eliminate social inequalities, Prime Minister Narendra Modi said on Friday. In an address at the Outreach session of the summit of G7 advanced economies at Italy's Apulia region, Modi also said India will work with all countries to make Artificial Intelligence transparent, fair, secure, accessible and responsible. The prime minister said India's approach in the field of energy is based on four principles -- availability, accessibility, affordability and acceptability. Highlighting the challenges facing the countries of the Global South, Modi said they are bearing the brunt of uncertainties and tensions around the world. "India has considered it its responsibility to place the priorities and concerns of the countries of the Global South on the world stage. We have given high priority to Africa in these efforts," he said. "We are proud th

Govt may further streamline visa approval process for Chinese technicians

The government is considering further streamlining of processes for timely approval of visas for Chinese professionals and technicians whose expertise is required by the Indian industry to set up manufacturing capacity, a senior official said. Certain Indian industry players have approached the government stating that they are facing problems in getting visas for Chinese professionals whose expertise is required for things like setting up machines in factories. The government has recently put in place a standard operating procedure (SOP) for streamlining visa approvals for Chinese technicians whose expertise is required by vendors under the PLI (Production Linked Incentive) scheme. "Now we may be liberalising it for others. That process is on and a Cabinet note is under preparation. Within the existing system, there is an SOP now to expedite visas for Chinese who are to come in to help set up manufacturing capacity in India. We have already streamlined it quite a bit, now we are ...

Asian shares rise by 0.4% as hopes for audit deal boost Chinese tech

Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer out an audit deal, while traders anxiously awaited a speech from Federal Reserve Chair Jerome

China orders govt agencies, state firms to dump foreign PCs within 2 years

It's likely to directly affect sales by HP Inc. and Dell Technologies Inc., the country's biggest PC brands after local champion Lenovo Group Ltd

China to further rein in domestic tech giants to revive Internet sector

Alarmed at the slowing tech and internet sector, China is now planning to further shift its policies to control domestic tech giants like Alibaba and Tencent, as the country battles Covid-19 lockdowns

Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts

The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants

Tech giants Alibaba, Tencent likely to trim workforce by up to 30%

It is rumoured in the Chinese social media platform Weibo that tech giants Alibaba and Tencent employees are expecting around 30 per cent job cuts

China issues new anti-monopoly guidelines targeting tech giants

SAMR said the latest guidelines would "stop monopolistic behaviours in the platform economy and protect fair competition in the market."

India's mobile app ban threatens China's rise as a global tech power

It may present a model for other countries from Europe to Southeast Asia that seek to curtail the pervasiveness of apps like ByteDance's TikTok while safeguarding their citizens' valuable data.

The world's biggest tech companies are no longer just American

Even with their new pre-eminence, Tencent and Alibaba face some daunting challenges