TMT - TechWire

TMT

10:41

                            TikTok is developing an independent app only for US users? TikTok responds
                        
                            TikTok issued a statement saying that a recent "exclusive" report published by Reuters based on anonymous and uninformed sources was not true. The above report stated that TikTok is developing a separate application for US users only, which will "use different algorithms and data systems from the global version." TikTok did not elaborate in its response.
                        
16:48

                            Sources: India's Reliance Jio Platforms has postponed its 2025 IPO plan and has no plans to go public this year. Reliance Retail's IPO may not take place before 2027 or 2028.
                        
11:56

                            Cha Yan Yue Se officially announced: Expanding retail business into North American market through e-commerce
                        
                            According to Sina Technology, Cha Yan Yue Se officially released an article, officially announcing that it will expand its retail business to overseas markets in the form of e-commerce. According to reports, Cha Yan Yue Se has built its own Shopify independent e-commerce store, as well as brand-owned stores on Amazon, TikTok Shop, Walmart, Weee, and Yamibuy, which will be put into operation from July 9.
                        
11:45

                            Superstar Legend (06683.HK) rose by more than 88%, with a market value of over HK$10 billion. The company is deeply "bound" to Jay Chou and is known as a "Jay Chou concept stock." Today, Jay Chou joined ByteDance's Douyin, and Douyin denied spending nine figures to sign a contract with Jay Chou.
                        
11:37

                            Superstar Legend (06683.HK) rose more than 50%. Jay Chou joined ByteDance’s Douyin, and Douyin denied spending nine figures to sign a contract with Jay Chou.
                        
02:35

                            Market News: SpaceX's valuation is expected to reach about $400 billion in the latest stock sale.
                        
10:53

                            Huawei announces Hongmeng games will be unveiled at ChinaJoy
                        
                            According to Huawei Terminal's Weibo, Huawei Game Center will participate in the 2025 ChinaJoy with games such as Honor of Kings, Hikari and Nocturne, Girls Frontline 2: Release, Zhu Xian 2, NBA Showdown, and Plants vs. Zombies 3.
                        
10:17

                            A-share gaming stocks fluctuated higher, with Glacier Network and Giant Network both rising by more than 4%, followed by Fuchun Holdings, Kaiying Network, Perfect World, Shengtian Network and other stocks; SensorTower store intelligence platform showed that in June, a total of 33 Chinese manufacturers were shortlisted in the TOP100 global mobile game publishers revenue list, raking in a total of US$1.76 billion.
                        
08:13

                            ByteDance denies Oracle and others will acquire TikTok's US business
                        
                            On July 8, Beijing time, there was news that ByteDance had agreed to sell TikTok's US business to a US consortium led by Oracle, retaining a minority stake. In response, ByteDance said the information was untrue.
                        
06:38

                            AI empowers games to go global and accurately reach players around the world
                        
                            Since the beginning of this year, many places have introduced new policies in accordance with local conditions to support game companies in expanding overseas markets. In May, Guangdong Province issued the "Several Policy Measures on Promoting the High-Quality Development of Guangdong's Online Game Industry", which proposed to create a "Guangdong-made Game Overseas Matrix" and a "Game Enterprise Overseas Alliance", integrate resources, and concentrate on promoting more Guangdong-made original games to the international market and expand the overseas influence of Guangdong-made games. In June, the Zhejiang Provincial Department of Commerce and 17 other departments jointly issued the "Several Measures on Supporting Games to Go Overseas", proposing a series of measures such as promoting cultural and technological integration and innovation in the game field, supporting game "going overseas" publicity and marketing promotion, and implementing precise policies for R&D, operations and other links to enhance the global competitiveness of game products. Thanks to a series of policy supports, Chinese game companies have accelerated their "going overseas" and have turned their attention to overseas markets to seek new growth points. Leading game industry companies such as Perfect World Co., Ltd. and Sanqi Interactive Entertainment Network Technology Group Co., Ltd. (hereinafter referred to as "Sanqi Interactive Entertainment") have vigorously promoted their globalization strategies, and small and medium-sized game manufacturers have also actively optimized their global layout.
                        
04:22

                            TikTok will lay off 38 employees in its Bellevue office, a notice shows.
                        
15:38

                            Trump said the US will negotiate with China on the possible acquisition of TikTok, and the Ministry of Foreign Affairs responded
                        
                            Foreign Ministry Spokesperson Mao Ning hosted a regular press conference. US President Trump said the other day that the US will negotiate with China on the possible acquisition of TikTok. He said that the agreement has been basically reached, but it may still need to be approved by China. Can the Ministry of Foreign Affairs provide more information? "Regarding issues related to TikTok, China has repeatedly stated its principled position," said Mao Ning.
                        
15:23

                            CITIC Securities: The market currently lacks only a catalyst to ignite
                        
                            CITIC Securities Research Report pointed out that the current market environment and atmosphere have some shadows of the end of 2014, including: investors have accumulated a certain profit effect in Hong Kong stocks, small and micro-cap stocks and industrial tracks, and new products have begun to pick up moderately; non-financial sector profit expectations are approaching the bottom, investor patience has improved, and confidence has yet to be restored; anti-involution and boosting domestic demand have become clear policy goals, and the introduction of specific policies and adjustments in thinking are only a matter of time. The "15th Five-Year Plan" may show a new policy path. The market currently lacks only a catalyst for ignition, which may be unexpected policies from China and the United States, or new changes in the technology industry. From the perspective of allocation, we still maintain three ideas in the mid-term report season. The first is industries with super-strong industrial trend characteristics, focusing on AI and innovative drugs; the second is industries driven by performance and valuation matching, focusing on North American computing power chain, nonferrous metals and games in communications and electronics; the third is industries with certain themes and position-based game nature, related to military industry and anti-involution-related new energy. Overall, the rotation of nonferrous metals, AI hardware, innovative drugs, games and military industry may still be the main theme of the mid-term report season.
                        
13:15

                            Shaanxi Province kicks off summer cultural tourism consumption season with 20 million yuan in cultural tourism consumption vouchers
                        
                            The launching ceremony of the 2025 Shaanxi Province Summer Cultural Tourism Consumption Season and the 9th Shaanxi Tourism Consumption Season, hosted by the Provincial Department of Culture and Tourism and undertaken by Shaanxi Tourism Group and Xixian New District Management Committee, was held at Silk Road Happy World on July 4. At the event, the Provincial Department of Culture and Tourism released the key activities of the 2025 Provincial Summer Cultural Tourism Consumption Season, including 1,216 cultural tourism activities with 2,792 events under eight themes and 111 boutique tourism routes in five categories, from history to trends, from cities to the countryside, to create a new cultural tourism landscape with rich content and diverse experiences for tourists across the country. The provincial cultural tourism system will also join hands with online platforms such as Meituan, Tongcheng, Ctrip, and Douyin to launch a series of benefits, covering tourism services such as accommodation, vacation, and transportation, and issue 20 million yuan in cultural tourism consumption coupons.
                        
03:32

                            US Air Force suspends SpaceX rocket program on Pacific atoll
                        
                            According to CCTV News, the U.S. Air Force has suspended SpaceX's plan to test hypersonic rocket cargo from a Pacific atoll. A U.S. Air Force spokesman said the Air Force is exploring other locations for the project. It is reported that the project will test a reusable rocket landing vehicle that can deliver up to 100 tons of cargo to anywhere on Earth in about 90 minutes. Previously, biologists and experts said the project would endanger many seabirds nesting in the Johnston Atoll Wildlife Sanctuary. The U.S. Air Force had said it would conduct an environmental assessment of the project, but the release of the draft assessment was delayed due to opposition from environmental groups.
                        
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