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The announcement came a day after the group was fined $984 million in what is likely to be the end of a years-long regulatory crackdown on the once storied Chinese company
The South Korean tech giant estimated its Q2 operating profit fell to $459 million, the lowest for any quarter since the first half of 2009
About a dozen Chinese firms, including Tencent Music Entertainment Group, Didi Global and NetEase, are likely to be inspected in a fresh round of routine checks
Yellen expressed concern about "unfair" and "punitive" actions against US companies in China after a meeting on Friday with US business representatives in Beijing
The penalty will pave the way for fintech giant to become a financial holding company and eventually allow it to revive its plan for a stock market listing.
Industry players forecast the move will weigh on domestic prices even as overseas prices of the thinly traded minerals – gallium and germanium – jumped this week
Firms across the globe are scrambling to assess the impact on supply chains from restrictions China announced this week, with a focus on finding alternatives for key components
Chinese analysts say Yellen's speech in April, which ranked national security interests as the top plank of America's bilateral economic policy, did not inspire optimism for the visit
Semiconductor firm Micron will begin work on a government-backed $2.75 billion chip assembly and test facility in Gujarat next month
Japanese car giant believes it could make a solid-state battery that charges in 10 minutes and has a range of 745 miles (nearly 1,200km)
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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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