Author: Thợ rèn

HONG KONG — China’s information technology companies, among the most sought-after workplaces for the country’s top talent, are rushing to streamline their workforces as the nation’s economy slows. Shockwaves rippled throughout China’s tech sector when news broke Tuesday that Tencent Holdings will demote 10% of middle managers for falling short of expectations. “Ten percent is the goal for now,” CEO…

For decades, China has relied on millions of migrant workers in its major cities to drive economic growth. These workers moved to the metropolises from rural areas, carrying hopes for a better future. But relocation comes with some serious drawbacks for their families. 16 year-old Liu Le was born and raised in Shanghai. Her mother…

Online ads and venture investment supplanting gaming for revenueCOCO LIU, Nikkei staff writerMARCH 20, 2019 20:05 JST Online games used to contribute around 40% of Tencent’s group revenue, but a stoppage in Beijing’s approvals of new titles has stunted growth.   © Reuters HONG KONG — Chinese social media and video game giant Tencent Holdingsannounces annual earnings…

NAGOYA, Japan — Toyota Motor and Panasonic plan to set up a joint venture in 2020 to manufacture batteries for electric vehicles, joining forces to compete more effectively on cost and scale with rising Chinese players in a key area for the future of the auto industry, Nikkei has learned. The venture, in which Toyota is to hold a 51%…