IBM abruptly informed its China R&D employees of layoffs in a 3-minute meeting, with no prior notice. IBM cited intense competition and a declining infrastructure business in China as reasons for the exit and is shifting focus to India. Despite offering severance packages, the handling of layoffs led to employee dissatisfaction, contrasting with IBM's traditionally respectful culture.

Tencent reduces holdings in New Oriental subsidiary, NetEase shares plunge after Diablo Immortal release delayed

Trump administration goes radio silent after election leaving resolution talks in limbo as Thursday divestiture deadline looms

Government agency cites complaints and leaves the door open to revisiting the decision as ByteDance unit still faces ban by Trump administration after India blocked the app

A U.S. judge temporarily blocked a key part of Trump’s ban on Sunday, even as ByteDance has yet to form a plan that would satisfy either Washington or Beijing

Trump says in TV interview he wouldn’t approve the deal if the Chinese company stays in control of video sharing app

U.S. President Trump has said he would accept deal that would keep Chinese-owned company’s data on millions of U.S. users firmly in control of Americans

New U.S. company, TikTok Global, intends to hold an initial public offering in New York in about a year

Business transactions with the Tencent and ByteDance apps will be prohibited, though TikTok gets a reprieve until Nov. 12 before a total ban takes effect

Alibaba and E-House launch online housing platform as internet giants rush into booming property market; industrial drone maker cleared for STAR Market IPO

China issues new rules for financial holding firms. TikTok rejects Microsoft and picks Oracle

Mnuchin to review proposal that doesn’t involve sale of assets as demanded by Trump but also may sidestep need for Beijing to approve technology export

U.S. Ambassador to China Terry Branstad steps down to campaign for Trump; Kai-Fu Lee apologizes for comments suggesting abuse of facial recognition data

Scientists advance development of swine fever vaccine; Zoom opens data center in Singapore; Oracle joins competition to buy TikTok’s U.S. operations

Head of database giant’s domestic cloud business says the company is doing well after reportedly dismissing almost 1,000 workers last year

A coterie of up-and-coming open-source database providers are encouraging Chinese firms to go local