Megvii, owner of facial recognition software Face++ which had been put on a U.S. blacklist, will seek a domestic initial public offering. The artificial intelligence company had earlier sought a listing in Hong Kong. The decision shows how U.S. policy is having an impact on global capital flows. It also shows how China’s new Nasdaq-like market, the Shanghai Star Market, may stand to benefit...
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Opinion Media/Telecom Entertainment
Why YouTube Sees Hollywood’s Future in the Creator Economy
Tuesday’s letter from YouTube Chief Business Officer Robert Kyncl to its 2 million–strong creator community—announcing that original content chief Susanne Daniels had resigned—read like the final salvo in YouTube’s recent PR campaign touting its creator economy successes. Consider: When Daniels started in her role in 2016, she was commissioning original scripted...
Google Urges Court To Throw Out Texas-led Antitrust Case Against Ad Tech Business
Twitter CEO Shakes Up Security Team
TikTok Owner ByteDance’s 2021 Revenue Rose 70%
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It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance— 42% of their cumulative value in the U.S.