This article only represents the author's own views.
The year 2023 is rapidly becoming the “Year of the Breakup” for Chinese tech companies, with Agora Inc. (API.US) becoming the latest to join the trend. The provider of real-time engagement services announced it has split itself into two parts, one focused on China and the other on its non-China operations.
The breakup looks similar to one that attracted far bigger headlines in March, when e-commerce giant Alibaba (BABA.US; 9988.HK) announced a plan to split itself into six pieces. Several other companies are moving in similar directions, including autonomous driving technology company TuSimple (TSP.US) and wearable device maker Zepp (ZEPP.US).
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