For more than a decade, Tencent Holdings developer Leo Yao toiled in relative anonymity, churning out one shooting game after another. Then he scored one of the biggest Chinese hits of 2024 with Delta Force, a video game that continues to attract 30 million players daily. Advertisement Now, Tencent’s top brass have tasked the 43-year-old with helping orchestrate a major shift at China’s most valuable company. Executives see a change in tastes among domestic gamers – long deemed a smartphone-dominant audience – towards embracing personal computers and shooters. That has…
Day: October 13, 2025
Asian stocks tumble on fresh US-China trade spat; Chinese exports top forecasts – business live
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Sending a message: Beijing issues documents without Word format amid US tensions
China’s expansion of its rare earth export controls appeared to mark another escalation in the US-China trade war last week. But the announcements were also significant in another way: unusually, the documents could not be opened using American word processing software. Advertisement For the first time, China’s Ministry of Commerce issued a slew of documents that could be directly accessed only through WPS Office – China’s answer to Microsoft Office – as Beijing continues its tech self-reliance drive. Developed by the Beijing-based software company Kingsoft, WPS Office uses a different…
US calls for China to release 30 leaders of influential underground church
The US has called for the release of 30 leaders of one of China’s largest underground church network who were reportedly detained over the weekend in overnight raids in various cities. The list includes several pastors and Zion Church founder Jin Mingri who was arrested in the early hours of Saturday after 10 officers searched his home, said US-based non-profit ChinaAid. The Chinese Communist Party promotes atheism and tightly controls religion – still, some Christian groups are calling this the most extensive crackdown against the faith in decades. Christians have…
QBZ-191 assault rifle allows Chinese small arms to gain tactical and export edge
China’s small arms – less conspicuous than its cutting-edge fighter jets but just as significant – are undergoing a major transformation. The QBZ-191 assault rifle, designed to eventually replace the People’s Liberation Army’s long-serving QBZ-95 family, reflects China’s commitment to boosting combat effectiveness to meet the demands of future conflicts. Designated among the Type 20 rifle family, the firearm made its public debut during the 2019 National Day parade in Beijing. The full family –… South China Morning Post
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Dutch government takes control of Chinese-owned chipmaker Nexperia
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Dutch government has taken control of Nexperia, a Chinese-owned but Netherlands-based semiconductor maker, to try to ensure enough of its chips stay in Europe for the automotive and consumer electronics industries. For the first time, The Hague has used its Goods Availability Act because of “a threat to the continuity and safeguarding on Dutch and European soil of crucial technological knowledge and capabilities”, the ministry of economic affairs said…
Netherlands cracks down on China-owned chip firm over security risk
The Dutch government said on Sunday that it had taken the “highly exceptional” decision to intervene at Chinese-owned chipmaker Nexperia over a potential “risk to Dutch and European economic security.” The Netherlands-based firm’s owner Wingtech said on Monday that it will take actions to protect its rights and will seek government support. The development threatens to raise tensions between the European Union and China, which have increased in recent months over trade and Beijing’s relationship with Russia. Nexperia was forced to sell its silicon chip plant in Newport, Wales after…
Asian markets slide and gold soars as US-China trade tensions rise
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Asian markets slid and gold hit a fresh record on Monday morning after the US and China escalated a trade war over the weekend. US President Donald Trump threatened to slap 100 per cent tariffs on China after Beijing said it would expand export restrictions on rare earths, materials used in a range of critical technologies from semiconductors to batteries. Hong Kong’s Hang Seng index, among the best performing major…