A profile of YMTC, China’s top memory chip maker that could end up in the crosshairs of US sanctions; YMTC had 1% share of the global memory chip market in 2020 (Che Pan/South China Morning Post)

September 25, 2022

Che Pan / South China Morning Post:
A profile of YMTC, China’s top memory chip maker that could end up in the crosshairs of US sanctions; YMTC had 1% share of the global memory chip market in 2020 — A few months before the US-China trade war started in July 2018, local media coverage of President Xi Jinping was focused …

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SMIC reports Q3 revenue up 34.7% YoY to $1.91B, with net profit up 54.1% YoY to $574.4M, and expects Q4 revenue to decline by 13% to 15% due to US sanctions (Che Pan/South China Morning Post)

Che Pan / South China Morning Post:
SMIC reports Q3 revenue up 34.7% YoY to $1.91B, with net profit up 54.1% YoY to $574.4M, and expects Q4 revenue to decline by 13% to 15% due to US sanctions — Semiconductor International Manufacturing Corp (SMIC) said it is assessing in more detail the impact from the latest US export control measures …

November 10, 2022

Some protesters in China are sharing anti-Xi Jinping posters using AirDrop, one of the few relatively untraceable methods for sharing files in China (Rachel Cheung/VICE)

Rachel Cheung / VICE:
Some protesters in China are sharing anti-Xi Jinping posters using AirDrop, one of the few relatively untraceable methods for sharing files in China — “This is the first time I saw or received a medium of any kind that is critical of the current regime.” — RC

October 19, 2022

Overview of Xi Jinping’s efforts to bolster China’s hacking teams, already skilled in espionage, by focusing on cultivating talent and funding security research (Dakota Cary/CyberScoop)

Dakota Cary / CyberScoop:
Overview of Xi Jinping’s efforts to bolster China’s hacking teams, already skilled in espionage, by focusing on cultivating talent and funding security research — From the early 2000s to 2015, China’s hacking teams caused havoc for private companies and U.S. and allied governments.

November 22, 2022

As President Xi Jinping consolidates his grip on China’s ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+ (Henry Ren/Bloomberg)

Henry Ren / Bloomberg:
As President Xi Jinping consolidates his grip on China’s ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+ — US-listed Chinese stocks tumbled in premarket trading, with investors spooked by President Xi Jinping’s tightening grip on China’s ruling party …

October 24, 2022

Chinese media reports: Xiaomi plans to lay off ~15% of its 35,314 employees amid weaker sales due to China’s COVID-19 lockdowns and slower consumer spending (Che Pan/South China Morning Post)

Che Pan / South China Morning Post:
Chinese media reports: Xiaomi plans to lay off ~15% of its 35,314 employees amid weaker sales due to China’s COVID-19 lockdowns and slower consumer spending — Chinese smartphone giant Xiaomi, which has an ambitious goal of unseating iPhone maker Apple from the No 1 spot globally by 2024 …

December 20, 2022

Chainalysis: Binance processed around $7.8B through Iran’s largest crypto exchange Nobitex since 2018, despite US sanctions; 75% of transactions were in Tron (Reuters)

Reuters:
Chainalysis: Binance processed around $7.8B through Iran’s largest crypto exchange Nobitex since 2018, despite US sanctions; 75% of transactions were in Tron — Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended …

November 4, 2022

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