ByteDance named China's largest tech investor this year: report
ByteDance expects to double its capital expenditures next year to 160 billion yuan (about $22 billion).
China's chip industry faces third wave of U.S. export restrictions
The United States will launch a new round of chip restrictions on China's semiconductor industry, sources told Reuters, the third time in three years. About 140 companies will be hit by export restrictions on Monday, including chip equipment makers, two sources said Northern Huachuang Technology Group. Efforts to thwart Beijing's chipmaking ambitions will also
China's industrial profits fall 7% on weak demand in November
Official data released on Friday showed that China's industrial profits fell 7% in November, but the figure was slightly better than October for an industry with weak domestic demand. Weak household demand has hit the world's second-largest economy, which has been struggling for a strong post-pandemic recovery amid a protracted housing downturn and new
