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Aug 14, 20242 min read

Shopee-owner Sea Indicates Strong Online Shopping Momentum with Revenue Exceeding Expectations

Sea Ltd surpasses revenue estimates for Q2. Shopee's GMV expected to grow by mid-20% this year. E-commerce revenue up by 34% to US$2.8 billi

Aug 13, 20242 min read

Guangdong's AI industry hits US$25 billion as it competes with Beijing and Shanghai

Guangdong's AI industry reaches 180 billion yuan in 2023. Shenzhen contributes 44% of the province's AI industry valuation.

Aug 13, 20242 min read

Xiaomi's Expansion in Latin America, Japan, and India Amidst Fierce Smartphone Competition in China

Xiaomi secures the second-largest smartphone brand position in Latin America with a 19% market share. In Japan, Xiaomi becomes the third-lar

Aug 13, 20241 min read

Alibaba's AI Model Qwen2-Math Surpasses Competitors in Mathematics

Alibaba introduces Qwen2-Math, an open-source AI model. Qwen2-Math achieves 84% accuracy in algebra and geometry problem-solving.

Aug 12, 20242 min read

China Embraces Low-Altitude Innovation: Cargo Drones and Air Taxis Take Flight

China conducts test flights for massive cargo drones and helicopter taxi services. Aviation Industry Corp of China (AVIC) leads the way with

Aug 8, 20242 min read

Indonesia Unveils China-Built Anode Plant for Electric Vehicle Batteries

Indonesia inaugurates a new anode plant for EV batteries built by China's BTR New Material Group and Singapore's Stellar Investment.

Aug 8, 20242 min read

Sony Reports 10% Increase in Profits Driven by Image Sensors and Games

Sony reports a 10% rise in operating profit for the April-June quarter. Profits in the image sensors business nearly tripled, driven by fore

Aug 7, 20242 min read

Chinese Companies Stockpile Samsung Chips Amid Anticipated US Export Restrictions

Chinese tech giants and startups are stockpiling Samsung's HBM chips in anticipation of potential U.S. export restrictions.

Aug 6, 20242 min read

Financial Turbulence Hits Global Markets

As the financial markets navigate through this period of uncertainty, experts recommend a cautious approach and emphasize the importance of

Aug 5, 20242 min read

Nvidia's New China-Ready GPUs Face Uncertainty Amid Chip Restrictions

Nvidia faces uncertainty over B20 chip delivery amidst potential chip restrictions. The company has encountered challenges due to US sanctio

Aug 2, 20242 min read

Donald Trump's Offer to Chinese Carmakers Could Accelerate US Shift to Electric Vehicles

Trump extends invitation to Chinese carmakers to establish factories in the US. Shift in Trump's stance on EVs, recognising Chinese

Aug 1, 20242 min read

Alibaba to Introduce AI-Powered Sourcing Engine to Enhance Online Trade for Global Merchants

Alibaba to deploy AI-powered sourcing engine for global merchants. Introduction of AI-driven tool to streamline B2B e-commerce.

Aug 1, 20242 min read

Amazon to Ramp Up AI Investments Amid Big Tech's Spending Surge

Amazon's capital spending on AI set to surge by 43% in the second quarter. Competition intensifies between Amazon's AWS and Microsoft's Azur

Aug 1, 20242 min read

China Closes AI Gap with US Amid Chip Restrictions

China narrowing AI gap with US through rapid AI application deployment. Chinese tech firms developing own LLMs despite chip restrictions.

Aug 1, 20242 min read

Microsoft's Cloud Business Boosts Quarterly Profits by 10%

Microsoft reports a 10% rise in quarterly profits, with a profit of US$22 billion. Revenue for the April-June period reaches US$64.7 billion

Jul 31, 20242 min read

AMD Boosts AI Chip Revenue Forecast and Expects Tight Supplies

AMD raises its 2024 AI chip revenue forecast by US$500 million. Tight supplies of AI chips expected until 2025.

Jul 31, 20242 min read

Microsoft's Stock Declines While Chipmakers Surge Amid AI Market Shift

Microsoft's disappointing quarterly results lead to a $340 billion decline in stock market value. Chipmakers like Nvidia and AMD experience

Jul 31, 20243 min read

Singapore Ranks 3rd in Global AI Index, behind US and China

Singapore has secured an impressive 3rd position in the Global AI Index, closely trailing behind the United States and China. As per a...

Jul 30, 20242 min read

Xiaomi Expands EV Production with $116 Million Beijing Site Acquisition

Xiaomi purchases a 53-hectare site in Beijing for $116 million to expand EV production. The company aims to achieve its sales goal of 100,00

Jul 30, 20242 min read

US Stock Turbulence Puts Big Tech Valuations in the Spotlight

US stock market turbulence highlights tech companies' valuations. S&P 500 tech sector trading at 29.5 times earnings estimates.

Jul 29, 20243 min read

Booming Demand for GenAI to Drive Doubling of Asia-Pacific Data Centre Capacity by 2028

APAC data centre capacity set to double by 2028, driven by GenAI demand. Moody’s forecasts a 20% annual growth rate in data centre capacity

Jul 29, 20242 min read

Chinese EV Maker Nio Unveils Next-Gen Smartphone to Enhance Appeal

Nio introduces second-generation smartphone with AI chatbot tool. Nio Phone enhances driving experience for smart vehicle owners.

Jul 28, 20241 min read

Toyota Plans to Construct EV Battery Plant for Lexus Vehicles

Toyota to establish an EV battery plant in Fukuoka for Lexus cars. Kyushu to become a key hub in Toyota's EV supply chain.

Jul 27, 20241 min read

JPMorgan Introduces AI Chatbot for Research Analysis

JPMorgan Chase has introduced an AI chatbot for research analysis, as reported by the Financial Times.