Fintech Insights

Huawei’s New Pura 70 Phone Arrives Amid Interest in Chips

Fans lined up at Huawei stores in big Chinese cities on Thursday to buy the new P70 phones, which analysts…

1 week ago

TSMC Posts 9% Profit Rise Amid ‘Insatiable’ AI Chip Demand

Taiwan chip giant says it's been lifted by huge demand for advanced chips for AI and data centres, forecasts a…

1 week ago

Oracle to Spend $8 Billion in Japan on Cloud Services, AI

US tech giant plans to spend $8 billion over the next decade to grow Oracle Cloud Infrastructure, its cloud computing…

1 week ago

Japanese Firms Eye Moves to the US as ‘China Illusion’ Fades

With Japanese firms now wary about investing in China, the US's economic resilience has proven too strong to ignore

1 week ago

Baidu Says AI Chatbot ‘Ernie’ Has Had 200m Users

'Ernie Bot' is China’s most popular chatbot. Baidu earned several hundred million yuan using AI in the fourth quarter of…

1 week ago

China Providing 90% of Chips Used in Russia, Despite Sanctions

A new report, by chip expert Chris Miller, said shipments from China accounted for 88% of the chips Russia acquired,…

1 week ago

China Orders Telecoms to End Use of US Chips by 2027 – WSJ

China's Ministry of Industry and IT ordered state mobile operators to inspect their networks for non-Chinese chips and map out…

2 weeks ago

Four Chinese Firms Blacklisted for Seeking AI Chips for Military

The four firms were among 11 added to the US Entity List on Wednesday, an official said, along with others…

2 weeks ago

China Firms Order Dozens of Ships For EV, Exports Surge

Chinese firms have ordered 47 ships, including car carriers, to cut export costs. Meanwhile, idle car factories are being shut…

2 weeks ago

Note of Support from Founder Jack Ma Lifts Alibaba Shares 5%

Ma praised the leadership of Eddie Wu and Joe Tsai. He said the split into six units helped streamline decision-making,…

2 weeks ago

Fears Rising on Impacts From Unrestrained AI Projects

Companies in Japan have called for a law to stop unrestrained use of AI, saying they fear democracy and social…

2 weeks ago

BYD Leads China EV Charge Despite Sluggish Sector Growth

Chinese EV sales totalled 1.03 million in the first quarter of the year but it was the slowest quarterly growth…

2 weeks ago