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"The shelving is a surprise and makes us wonder if there are issues behind the scenes that we aren't aware of," one analyst said, but news that Jack Ma's family trust was selling shares likely also hurt the stock
US officials are investigating if Applied Materials broke sanctions by sending gear worth 'hundreds of millions' to top China chipmaker via a unit in South Korea in 2021 and 2022, sources say
The Chinese firm is suffering as PC demand declines but hopes to turn its fortunes around with its first ‘artificial intelligence laptop’ next year
The e-commerce outfit had unveiled plans in March to list its cloud business as part of the biggest restructuring in its 24-year history
The Japanese tech investment house claimed IRL’s app was populated by ‘bots’ but its founders say SoftBank invented the accusation to close it down
Tencent is the second large Chinese technology company to look for domestic alternatives to Nvidia amid tightening US sanctions
Chinese IT groups say they have built the fastest long-distance internet links and can transmit data at 1.2 terabits per second
Huawei saw its sales surge 83% in the first four weeks of October, according to data from Hong Kong-based research firm Counterpoint
Hong Kong’s Hang Seng Index saw its best day in four months, while the Nikkei rose 2.5% and most other Asian markets and currencies were also lifted
For US businesses, the dinner will particularly be a chance to hear directly from the leader of the world’s second-biggest economy as they search for ways to navigate its economic slowdown
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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