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Chinese online retail giant JD.com is working on a substantial round of layoffs that could slash the workforce of some teams by half, according to people briefed on the matter.
In total, JD.com could cut up to 8% of its 150,000-plus workforce, or more than 12,000 jobs, according to investors in the Nasdaq-listed company. While it isn’t clear how the layoffs will be distributed, the cuts ...
To grow fast in China, apparently, you’ve also got to get big.
ByteDance, the Chinese company behind TikTok, the viral short video app that has taken the world’s teenagers by storm, has gone on a massive hiring spree in the past year. Its headcount has roughly doubled to 40,000—more than Facebook, which had 35,600 at Dec. 31—as it has diversified beyond its early ...
A joint venture between Qualcomm and the government of a rural Chinese province to make server chips appears to have stalled. And with it, a symbol of China’s push to boost its homegrown industries could instead spotlight the perils of letting bureaucrats pick technology winners.
Chinese government officials showcased Huaxintong Semiconductor, or HXT, as a shining example of how the ...
Huawei’s fight against Samsung and Apple is about to get even fiercer. The Chinese tech giant wants to more than triple its consumer electronics sales to $150 billion in four years, according to an internal speech last week by its founder.
As Huawei’s other big business of selling infrastructure for wireless networks world-wide is under attack from the U.S. government, ...
For a look at how Amazon could develop its ad business, it’s worth paying attention to what China’s Alibaba is doing.
Alibaba is China’s biggest digital advertising platform, thanks to search ads it sells to merchants promoting their items on its Taobao marketplace. Now, Alibaba is testing new types of ads that are designed to appear among recommended items in Taobao’s ...
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