CEOs on Capitalism and a Life of Meaning—Data Sheet

News flash: Capitalism is in trouble and CEOs get it. Sort of. The annual meeting of Fortune‘s CEO Initiative, a gathering of leaders who want their companies to be a positive force in the world, concluded Tuesday in New York City. CEOs generally are aware there’s a problem. Their companies don’t create enough jobs, their […]

Why Cash Is Quickly Disappearing From China’s Economy—Data Sheet

Greetings from Hong Kong. Clay Chandler here, filling in for Adam. I’m just back from a few days in Beijing where I marveled anew at how modern China is a becoming a post-money society. I don’t mean post-material society; in today’s China, people still care immensely about wealth: who has how much of it, how […]

Data Sheet—How Trump’s China Trade War Is Morphing Into a Tech War

Good morning. Clay Chandler in Hong Kong, filling in for Adam. Shares in Hangzhou Hikvision Digital Technology, the world’s largest manufacturer of surveillance equipment, and rival Zhejiang Dahua Technology tanked on the Shenzhen exchange Wednesday following news that the Trump administration may forbid the companies from buying U.S. technology, adding them to a national security […]

Tencent’s New ‘PUBG’ Lookalike Is a Peace Offering to China’s Game Regulators

The Chinese tech giant Tencent Holdings just shut down what should have been its most profitable mobile game, the international smash-hit PlayerUnknown’s Battlegrounds (PUBG), and replaced it with a lookalike that doubles as a tidy piece of propaganda. Developed by South Korean game maker Bluehole, PUBG is among the world’s best-selling games, with over 400 […]

Eye on A.I.— Why Video Games Are Key to Better A.I.

Artificial intelligence demolished the best professional e-sports team in the strategy video game Dota 2, highlighting how technology is better than humans at a growing list of complex tasks. The competition, if you can call it that, took place in San Francisco on Saturday. The point was to showcase the potential of deep learning, a […]

Why Some of China’s Hottest Tech Companies Are Cooling Off

This article first appeared in Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. China’s second-largest e-commerce company, JD. com, plans deep job cuts to staunch losses and reassure investors, according to a slew of recent media reports, highlighting the mounting challenges faced […]

Data Sheet—Why Some of China’s Hottest Tech Companies Are Cooling Off

China’s second-largest e-commerce company, JD. com, plans deep job cuts to staunch losses and reassure investors, according to a slew of recent media reports, highlighting the mounting challenges faced by Chinese tech firms as their nation’s economy loses steam. The Information, citing investors, reported Tuesday that NASDAQ-listed JD.com is preparing to lay off as many […]

Eye on A.I.— Why You Should Be Concerned About China’s Gains in Artificial Intelligence

Chinese tech giants Baidu, Alibaba, and Tencent are rapidly improving their artificial intelligence, challenging current U.S. tech leaders like Google and Amazon. China’s so-called BAT companies, as New York University business professor and futurist Amy Webb calls them in her latest book, The Big Nine, get a big boost from their government’s funding and tech-friendly […]

Why Africa’s Biggest Media Firm Wants to Create Europe’s Biggest Consumer Internet Company

Africa’s biggest media company, Naspers, is promising to create Europe’s biggest consumer Internet company with a listing later this year on the Euronext Amsterdam. The South African firm has a long and varied history in print and broadcast media, but it really hit paydirt with a 2001 investment in China’s Tencent that turned $32 million […]

Tencent Profit Plummets After China’s Gaming-Approval Freeze

Tencent Holdings Ltd. posted a quarterly profit that missed analysts’ estimates after it spent heavily on cloud and mobile payments businesses to offset a gaming slowdown. Net income fell 32% to 14.2 billion yuan ($2.1 billion) in the three months ended December, missing the 17.55 billion-yuan average of estimates and reflecting share issues and impairment […]