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Wency Chen
Reporter, Tech
Wency tells stories that explore how technologies are reshaping society, with a focus on cross-border e-commerce, AI, the supply chain and others. Before joining SCMP, Wency contributed to KrASIA, Wired, Rest of World, World of Chinese, Tech in Asia, Vice China (BIE), Harper's Bazaar, etc. She attended Columbia Journalism School.
The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.
The 27-year-old company said it has moved its headquarters to Singapore, where it made a secondary listing, amid chip supply chain pressure.
The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.
Promotions from Chinese e-commerce platforms are infiltrating people’s lives across the region, where e-commerce is seeing explosive growth.
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Beijing Yandong Microelectronics will take a controlling position with a 25 per cent stake, while other investors include display maker BOE Technology.
A wider shipment ban on TSMC-made chips could affect a range of mainland businesses from electric vehicles to smartphones.
At Baidu World 2024, where it announced the new Xiaodu AI Glasses, CEO Robin Li said the Ernie model now sees 1.5 billion API calls per day.
Shein, which sells budget clothing to a global customer base, was praised by state media for its contribution to industry upgrading.
The initiative aims to generate about US$7 billion from medical product exports by 2027.
The Chinese bargain shopping site is accused of operating in Vietnam without government approval, according to local reports.
Chew Shou Zi calls earning local trust around the world “a big challenge” for TikTok at a summit in Riyadh.
The index series, launching on November 15, will offer benchmarks for bitcoin and ether.
The sprawling research and development complex is set to play an important role in the nation’s push towards self-reliance.
Intern was terminated in August for ‘maliciously interfering’ with a model training project, the owner of TikTok said in statement.
The InnoTech discussions reflect the steps being taken by the government and private sector to set the path for AI to thrive in Hong Kong.
The foreign company had outsourced the job to a Chinese firm licensed for mapping, according to China’s State Security Ministry.
Indonesia’s core issue with Temu is how a large volume of cheap Chinese goods entering the country could impact its manufacturing sector.
Tesla live-streamed the event across almost every major Chinese social media platform, where it quickly became a top trending topic.
That aligns with data showing a 12.7 per cent year-on-year decline in foreign smartphone shipments, including those of Apple, in August.
Shein is not talking about its anticipated London initial public offering, but has broken ground on a massive supply chain hub in Guangzhou.
During the first four days of the holiday, the number of transactions made via Alipay in overseas markets surged 60 per cent year on year.
As China’s economy struggles, a rat race in the e-commerce sector has taken a toll on merchants and manufacturers.
Alibaba took control of Sun Art Retail Group four years ago to pursue a ‘new retail’ strategy.
After expanding from Southeast Asia to China, the logistics firm has set its sights on the Middle East and South America.
CEO Wang Xing’s internal announcement reflects Meituan’s efforts to address mainland policymakers’ concerns over the welfare of gig workers.
Singapore-based Ant International will serve as Tottenham Hotspur’s exclusive global payment solutions provider and digital wallet partner.
The US House of Representatives bill aims to put DJI on a national security blacklist under the Federal Communications Commission.
As start-up funding dwindles, investments are concentrated in a few unicorns, such as those in the integrated circuit sector.
The new standard, introduced under a UN framework, is meant to guard against risks such as data leaks, model tampering and supplier non-compliance.
This marks the start of a broader restructuring that would potentially cut up to 30 per cent of Samsung’s mainland workforce by next year.
