SCMP

In 2003 and 2004, funding for Asian private companies declined by 27% and 29% respectively against 2002 levels.

Last year was a challenging one for Chinese tech companies as the tech cold war between China and the US escalated.

Chinese companies have also pledged funds and resources to support medical staff.

Their US counterparts still strike the most deals, although their share of the number of deals has been dropping.

This marks the first time in nearly two decades that Tencent has cancelled its much-anticipated red packet handout to employees.

Patients with chronic renal disease often have to spend hours each day hooked up to heavy machines, hindering their ability to move around.

China’s largest smartphone vendor has been forced to develop its own operating system for both smartphones and computers after being added to a US blacklist.

TikTok owner ByteDance still generates most its revenue from China, despite the app’s rapid international expansion.