ALU

Heavy Hitters

Police arrest suspect in WeChat ransomware attack

Reading Time: 1 minute In June 2018, he allegedly created malware capable of stealing Alipay passwords to transfer a victim’s funds.  Original Link

06: Trade agreements and communist party committees with Christopher Balding

Reading Time: 1 minute The G20, how Trump likes his steak, party committees, and look at the cash burn at four watchlist companies. Original Link

Caught in the cross-fire between US and China, Huawei responds to CFO’s arrest

Reading Time: 2 minutes Huawei slams US government for being unreasonable, says it will not change its relationship global supply chain partners. Original Link

Briefing: British telco BT blocks Huawei from core networks

Governments are increasingly wary of Huawei’s presence in their core national infrastructure. Original Link

Video platform Youku’s head Yang Weidong under investigation

It is still unclear to what extent Yang’s case will influence Alibaba’s recent operations in related fields. Original Link

Some ofo users unable to apply for in-app deposit refunds

ofo says the claims are untrue but admits to graying out the refund button to retain users. Original Link

Briefing: Sharp lays off 3,000 foreign staff as it relocates production to China

Many temporary workers hired to assemble sensor components for the iPhone X were foreigners of Japanese descent. Original Link

Faraday Future says it hasn’t lost arbitration battle with Evergrande

Electric car maker fights back against arbitration outcome, saying it will have final victory. Original Link

Chinese titan Tencent plays an aggressive new game: luxury

Calling Tencent Holdings a ‘video game giant’ in China could soon be a thing of the past. Original Link

Alibaba looks to Beijing’s OTC market for emerging retail opportunities

The two recently invested companies are listed on Beijing’s NEEQ, home to many emerging internet and tech stocks. Original Link

Meitu accused of improper data collection, again

Company said it has launched internal investigation and promises to improve data-gathering practices. Original Link

Chinese vloggers praise DJI’s new Osmo Pocket handheld camera

The handheld tool has a ‘selfie mode’ that keeps one’s face at the center of shots. Original Link

WeChat removes over 3,000 official accounts and mini programs for misleading names

WeChat official accounts and mini programs are now subject to stricter regulation both from Tencent and the state. Original Link

Briefing: Chinese tech companies cut headcount for non-tech positions

In the third quarter of 2018, IT and internet companies in China reduced positions for hiring by 51% year-on-year. Original Link

Briefing: Amazon China brings special cross border Black Friday sales to China

Amazon’s Black Friday sale is likely to attract more consumers though Alibaba is still leading cross-border commerce. Original Link

Huawei accelerates commercialization of 5G network

Huawei has signed 22 commercial contracts for 5G and is working with over 50 carriers on 5G commercial tests. Original Link