Tech giants’ latest moves, regulatory action

Citizens try out a virtual reality experience at the opening of Cheonan Qianshu Shopping mall, Shanghai, China, On December 22, 2021. Virtual reality is a key part of the concept of the metaverse. Xing Yun | Costfoto | Future Publishing | Getty Images Imagine this: the metaverse with Chinese characteristics. That’s how the virtual world … Read more

Baidu to Start Robotaxi Business, After Beijing City Tariff Approves

BEIJING — Baidu may begin collecting robotic taxi fares in part of Beijing from Thursday, the Chinese tech giant told CNBC this week, marking a major step toward building its self-driving taxi business. Regulatory approval to support robotaxis in China comes as local governments in the US move in a similar direction. However, the Beijing … Read more

Chinese tech giants Tencent and Baidu Q3 earnings preview

A Tencent sign at the World Internet Conference (WIC) in Wuzhen, China, 20 October 2019. Aly Song | Reuters Two of China’s largest tech companies, Tencent and Baidu, will announce third-quarter profits in the coming days. But the September quarter could prove difficult for both companies given China’s crackdown this year, which has hit areas … Read more