Tencent Cuts 5,500 Jobs in First Quarterly Workforce Decline Since 2014 as Revenue Falls

Tencent Cuts 5,500 Jobs in First Quarterly Workforce Decline Since 2014 as Revenue Falls

Chinese tech giant Tencent on Wednesday posted its first drop in quarterly revenue since going public, as the company grapples with China’s economic downturn, pandemic disruptions and ongoing scrutiny from regulators. Revenue in the second quarter fell three percent to CNY 134 billion (roughly Rs. 1,57,000 crore) compared to the year before, while profits plunged by …

Read more

Do Silkworms Have A Future In Space?

Do Silkworms Have A Future In Space?

Greenhouse Agriculture On The Planet Mars getty The lowly silkworm has spurred exploration here on Earth for centuries. First in the development of the silk roads between China and Europe and then closer to home in colonial Georgia where English settlers tried to make a case for mercantile silk production. But most recently, China has …

Read more

Baidu, ByteDance, Other Chinese Firms Launch ChatGPT-Like Chatbots to Public

Baidu, ByteDance, Other Chinese Firms Launch ChatGPT-Like Chatbots to Public

Five Chinese tech firms, including Baidu and SenseTime Group, on Thursday launched their artificial intelligence (AI) chatbots to the public after receiving government approval, as China’s government pushes to widen the use of such products amid competition with the United States. Baidu, China’s leading online search provider, said in a statement that its ChatGPT-like chatbot, Ernie …

Read more

Activision Blizzard to Suspend China Game Services After NetEase Licenses End in January

Activision Blizzard to Suspend China Game Services After NetEase Licenses End in January

Activision Blizzard said on Thursday it would suspend most Blizzard game services in mainland China once its current licensing agreements with NetEase end in January. Blizzard Entertainment said it was unable to reach a deal with the Chinese Internet and gaming giant that was “consistent with Blizzard’s operating principles and commitments to players and employees.” …

Read more

Magnetic And Gravity Anomalies Found In China Hint At Site Of Mysteriously Missing Impact Crater

Magnetic And Gravity Anomalies Found In China Hint At Site Of Mysteriously Missing Impact Crater

A Meteor glowing as it enters the Earth’s atmosphere Getty Tektites are natural glass formed from terrestrial debris falling back to Earth after a meteorite impact. Based on their distribution and chemical composition, researchers mapped out four large strewn fields of terrestrial tektites. The North American tektites have been associated with the 35-milion-year-old Chesapeake Bay …

Read more

Smartphone Maker Honor Stages India Relaunch, Aims to Start Local Manufacturing in Early 2024

Smartphone Maker Honor Stages India Relaunch, Aims to Start Local Manufacturing in Early 2024

Chinese smartphone brand Honor will relaunch in India through a licensing deal with a local company and is aiming to start domestic manufacturing by early next year, its country head told Reuters. Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management. “India …

Read more

China Has Resolved Its Youth Game Addiction Problem, Top Industry Body Claims

China Has Resolved Its Youth Game Addiction Problem, Top Industry Body Claims

China has resolved the problem of game addiction among its youth, a report co-written by the country’s top gaming industry association said, in remarks likely to be welcomed by the regulations-battered sector. The comment came from a report by the China Game Industry Group Committee, affiliated with the online game publishing regulator, China Game Industry …

Read more

US Warns Its Space Industry Against Cyberattacks, Hacking by Foreign Entities

US Warns Its Space Industry Against Cyberattacks, Hacking by Foreign Entities

US counterintelligence agencies on Friday warned the American space industry to guard against efforts by foreign intelligence entities to steal research and trade secrets as they try to boost their own countries’ space programs.  “We anticipate growing threats to this burgeoning sector of the US economy,” a US counterintelligence official told Reuters, adding that “China …

Read more

Beyond PUBG: Krafton Dreams of Ascending the World Stage

Beyond PUBG: Krafton Dreams of Ascending the World Stage

Step into the highest floor of Krafton’s headquarters, a sleek glass-and-steel building in Seoul’s upscale Gangnam neighborhood, and you’ll be greeted by a massive curved screen. On a cloudy November morning, the screen showcases Krafton’s latest collaborations, including a partnership with K-pop sensation Blackpink for an in-game concert. However, what truly defines this South Korean …

Read more