Japan’s MUFG Spends $660 Million to Acquire WealthNavi
Japan’s Mitsubishi UFJ Financial Group (MUFG) announced plans to acquire WealthNavi Inc., a prominent provider of automated asset management, for approximately 99.7 billion yen ($664 million). The move will make…
Huawei’s Mate 70 Struggles to Match Buzz of Previous Models
Huawei’s latest flagship smartphone, the Mate 70, has sparked less consumer excitement in China compared to its predecessors, according to analysts. This cooling enthusiasm could impact Huawei’s shipment targets for…
India Competition Authority Opens Probe into Google’s Gaming Policies
India’s Competition Commission (CCI) has launched an investigation into Google’s policies surrounding real-money gaming apps, prompted by a complaint from gaming platform WinZO. The probe centers on allegations that Google’s…
China Vows Action if US Expands Semiconductor Controls
China issued a stern warning on Thursday, pledging to take “necessary actions” to safeguard its firms if the U.S. proceeds with expanded semiconductor control measures. The statement followed reports that…
ByteDance Sues Former Intern for $1.1 Million Over AI Breach
ByteDance, the Chinese tech giant and parent company of TikTok, has filed a lawsuit against a former intern, seeking $1.1 million in damages over claims of deliberate sabotage to its…
OpenAI Moves to Protect IP for o1 Reasoning Model
OpenAI is making strides to secure the intellectual property of its innovative AI model, o1. The company recently filed a trademark application for “OpenAI o1” with the U.S. Patent and…
Meituan Surprises with Strong Third-Quarter Revenue Growth
Chinese food delivery giant Meituan outpaced market expectations with a robust 22.4% year-on-year increase in third-quarter revenue, reporting 93.58 billion yuan ($12.94 billion). The results, disclosed on Friday, showcase Meituan’s…
Temasek-Backed SeaTown and Lim Join Forces to Create Skyform
SeaTown Holdings International, an Asia-focused alternative investment firm, has partnered with Singaporean tech investor Lim Yuan En to establish Skyform, a new enterprise technology services company. Announced Wednesday, the venture…
Shuhei Yoshida Steps Away from PlayStation After 30 Years
Shuhei Yoshida, a prominent figure in PlayStation’s history, has announced he will leave Sony Interactive Entertainment on January 15, 2025, marking the end of a career spanning three decades with…
China Sees Steep Decline in Foreign Smartphone Sales
Sales of foreign-branded smartphones in China, including Apple’s iPhones, fell sharply by 44.25% year-on-year in October, according to the China Academy of Information and Communications Technology (CAICT). The data, released…
Foxconn Highlights Global Reach as Advantage Against Trump Tariffs
Foxconn, the world’s largest contract electronics manufacturer, stated on Wednesday that its expansive global footprint positions it to weather potential tariffs proposed by U.S. President-elect Donald Trump better than its…
China’s Hesai Group Eyes Affordable Lidar for Budget EVs
China’s Hesai Group, the world’s largest lidar sensor manufacturer for autonomous driving, plans to halve the price of its flagship product next year. This ambitious move aims to accelerate the…
Intel Faces Ownership Restrictions Tied to $7.86 Billion Subsidy Deal
Intel has revealed that its $7.86 billion subsidy deal from the U.S. government imposes limits on the company’s ability to sell stakes in its chip manufacturing subsidiary, should the unit…
Samsung Electronics Appoints New Heads for Memory and Foundry Chip Units
Samsung Electronics has revamped its semiconductor leadership, naming new heads for its memory and foundry chip divisions as it seeks to regain footing in the fiercely competitive AI chip market.…
South Korea Invests in Semiconductor Growth with $10 Billion Loan Plan
South Korea will provide 14 trillion won ($10 billion) in low-interest loans next year to support its chip industry, according to the finance ministry. This initiative, designed to counter growing…
Chinese Ship Suspected of Dragging Anchor to Cut Undersea Data Cables
European authorities are investigating allegations that a Chinese-owned commercial vessel, the Yi Peng 3, intentionally dragged its anchor across the Baltic seabed, severing two critical undersea telecommunications cables. The incidents…
OpenAI Suspends Sora Access After Unauthorized Leak
OpenAI’s text-to-video generator, Sora, has become the center of controversy following a leak by early testers protesting the company’s practices. The leak, orchestrated by a group of around 20 artists,…
Starlink Direct-to-Cell Service Achieves FCC Approval for T-Mobile Partnership
SpaceX’s Starlink satellite network has earned a groundbreaking Federal Communications Commission (FCC) approval, marking a significant step toward delivering direct-to-phone connectivity for T-Mobile customers. This milestone represents the first collaboration…
Huawei Debuts Mate 70 Smartphone as US Chip Restrictions Loom
Huawei Technologies has introduced the Mate 70 smartphone series, strengthening its position in the premium smartphone market while highlighting its strategic push towards software independence. The launch event, held Tuesday…
China’s CATL Denies Claims of Suppliers in Xinjiang Region
Contemporary Amperex Technology Co., Limited (CATL), a major Chinese battery manufacturer, clarified on Tuesday that it does not source from any suppliers in the Xinjiang region. The statement came in…