News 2/21

Nov 252 min read

Chinese Smartphone Giant Oppo Expands Indonesian Manufacturing to Tap into Southeast Asia Market

Oppo is increasing its sourcing from Indonesian suppliers to enhance global manufacturing capabilities. The company already exceeds Indonesi

Nov 222 min read

PDD Holdings Sees 10% Pre-Market Plunge Despite 44% Revenue Growth

PDD Holdings shares plummet over 10% in pre-market trading despite a 44% revenue growth. Intense price competition and economic challenges

Nov 211 min read

Apple Proposes $100 Million Investment for New Plant in Indonesia

Apple proposes a US$100 million investment to build a plant in Indonesia for manufacturing accessories and components. Indonesia banned

Nov 201 min read

BYD Announces Plans to Expand Industrial Park in Southern China

BYD to build the fourth phase of its industrial park in the Shenzhen-Shanwei Cooperation Zone. The industrial park is expected to generate

Nov 192 min read

Tech War: PC Partner, Hong Kong Manufacturer of Nvidia Graphics Cards, Shifts Base to Singapore

PC Partner Group relocates headquarters to Singapore and opens new factory in Indonesia. Company aims to enhance R&D and manufacturing

Nov 192 min read

NVIDIA and Google Collaborate to Enhance Quantum AI Processor Design

NVIDIA collaborates with Google Quantum AI to enhance quantum computing device design through simulations. The partnership aims to address

Nov 182 min read

Southeast Asia Emerges as the New Singles’ Day Battleground Amidst Fading Appeal in China

Southeast Asia emerges as a new battleground for Singles’ Day as China’s appeal fades. E-commerce giants like Shopee, TikTok Shop, and Lazad

Nov 152 min read

EU Slaps Meta with €797 Million Fine for Unfair Practices Linked to Facebook Marketplace

The European Commission fines Meta Platforms €797.72 million for unfair practices related to Facebook Marketplace. Meta intends to appeal

Nov 141 min read

Samsung Joins TSMC in Halting Sub-7nm Chip Supply to China

Samsung follows TSMC in halting sub-7nm chip supply to China. Mainland Chinese manufacturers, including SMIC, facing challenges with low

Nov 132 min read

Hong Kong Sees Surge in Enterprise AI Adoption Supported by Government Policies

Hong Kong experiences a rise in enterprise AI adoption driven by advanced computing infrastructure. Dell Technologies promotes its Dell AI

Nov 132 min read

China's Tech Industry on Edge as TSMC Halts AI Chip Supply Following US Order

TSMC halts AI chip supply to Chinese clients following US orders, raising concerns in China's tech industry. Speculation arises about potent

Nov 122 min read

Japan Unveils US$65 Billion Plan to Boost Domestic Chip Industry

Japanese Prime Minister unveils a $65 billion plan to support chip and AI industries. Proposal aims to provide over 10 trillion yen in suppo

Nov 122 min read

Vietnam Issues Ultimatum to Shein and Temu: Register with Government or Face Block

Vietnam demands Shein and Temu to register with the government by November's end or face blockage. Concerns raised about the impact of

Nov 112 min read

Nvidia Artificial Intelligence Summit, U.N. Climate Talks, and Japan Leadership Vote

Japanese lawmakers to vote on new prime minister. U.N. climate talks commence in Azerbaijan. China's President Xi Jinping embarks on South

Nov 82 min read

Ant International Utilises AI in Cross-Border Payments to Drive Global Expansion

Ant International utilises AI to enhance cross-border payments for SMEs globally. The company's AI model predicts currency exchange rates

Nov 72 min read

Canada Orders Shutdown of TikTok's Canadian Business, App Access to Continue

Canada orders shutdown of TikTok's Canadian business due to national-security risks. Canadians will still have access to the TikTok app and

Nov 61 min read

Singapore's Keppel to Acquire AI-Ready Data Centre in Japan

Keppel to acquire AI-ready data centre in Tokyo from Mitsui Fudosan. Plans to increase data centre funds under management from US$6.84 billi

Nov 52 min read

US Tech Giants Express Concern Over Vietnam's Proposed Data Law

US tech firms caution Vietnam on proposed data law impacting social media and data centres. Concerns raised over potential hindrance to

Nov 12 min read

Intel Surges as Fourth-Quarter Revenue Forecast Exceeds Expectations

Intel's shares surge over 12% in extended trading after forecasting fourth-quarter revenue above estimates. The chipmaker reports a net loss

Oct 303 min read

Alphabet's AI Investments Drive Cloud Sales and Boost Ad Business

Alphabet's AI investments lead to a 35% surge in cloud business and increased YouTube ad sales. Google's cloud business growth outpaces its