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China Tech Sector

UAE spy chief’s firm buys into ByteDance at $220-billion value

Daisy Mar 15, 2023

ByteDance Ltd. was valued at around $220 billion in a recent private-market investment by Abu Dhabi AI firm G42, a significant discount to the $300 billion that TikTok’s owner set during a recent share buyback program.G42, controlled by…

Technology

Chinese ride-hailing giant Didi reopens to new users after $1.2 billion fine

Daisy Jan 17, 2023

Chinese ride-hailing company Didi accepted new users on Monday for the first time since 2021, after authorities fined the company for data security violations.Didi was one of the highest-profile targets of a sweeping crackdown on China's…