South Korea Sees Strong Export Growth Driven by Semiconductor Demand
South Korea’s export growth remained strong in September, driven by high global demand for semiconductors, contributing to optimistic economic growth forecasts. Adjusted for working-day differences, exports increased by 12.9% compared…
Europe prepares to decide on new tariffs for Chinese electric vehicle imports
The European Union is set to vote on October 4 to decide whether to impose tariffs as high as 45% on imported electric vehicles (EVs) manufactured in China, according to…
Taiwan Expands Digital Asset ETF Access for Professional Investors
Taiwan’s Financial Supervisory Commission (FSC) has made a significant move by officially allowing professional investors to participate in “foreign virtual asset” exchange-traded funds (ETFs). This announcement, made on September 30,…
BYD announces recall of top-selling Dolphin and Yuan Plus EVs
BYD is recalling nearly 97,000 electric vehicles due to a manufacturing fault in the steering control unit, which poses a potential fire risk, according to the Chinese market regulator. The…
ByteDance Turns to Huawei Chips for New AI Model Development
ByteDance is reportedly preparing to develop a new artificial intelligence model using Huawei chips, as U.S. trade restrictions push the Chinese tech giant to seek domestic alternatives. According to three…
Epic Games accuses Samsung and Google of blocking rival app stores
Epic Games has accused Samsung and Google of colluding to stifle competition and restrict user choice in a lawsuit filed on Monday. The legal action claims that Samsung’s Auto Blocker…
Nio to Invest US$1.9 Billion in China Unit as EV Expansion Continues
Chinese electric vehicle (EV) manufacturer Nio Inc. is set to inject 13.3 billion yuan (US$1.9 billion) into its China unit through a combination of its own funds and contributions from…
CryptoQuant CEO Advocates for ‘Smart Regulation’ Amid Community Skepticism
Ki Young Ju, the CEO of CryptoQuant, has emphasized the necessity of regulation as a crucial element for the long-term growth and sustainability of Web3 and cryptocurrency. In a post…
Former Chinese Finance Minister Calls for In-Depth Analysis of Cryptocurrency Following US Bitcoin ETF Developments
During a recent address at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei emphasized the necessity for China to critically assess the evolving…
CATL Confirms Small Disruption After Battery Plant Fire in Ningde
China’s Contemporary Amperex Technology Co. Ltd. (CATL) announced that a fire at its battery factory in Fujian province has caused limited disruption to production, with a relatively small number of…
Alibaba and Tencent Surge as Beijing Stimulus Boosts Tech Stocks to 13-Month High
Chinese tech stocks saw a notable surge this week, with companies like Alibaba and Tencent hitting levels not seen in over a year. This rally comes on the heels of…
Swiggy Joins India’s IPO Surge with $1.25 Billion Offering
Swiggy has filed for a $1.25 billion initial public offering (IPO) in one of India’s largest listings this year, amid a surging stock market. The SoftBank-backed food delivery firm submitted…
South Korea Levies Heavy Fine on Worldcoin for Personal Data Protection Violations
South Korea’s Personal Information Protection Commission (PIPC) has imposed a significant fine on the Worldcoin Foundation and its affiliate Tools For Humanity (TFH) for breaches of the country’s stringent personal…
China, South Korea, Taiwan Lead Global Chip Equipment Spending for 2025-2027
China, South Korea, and Taiwan are expected to lead semiconductor manufacturing investments between 2025 and 2027, according to estimates from global industry association SEMI. Semiconductor manufacturers are forecasted to spend…
Disney+ Crackdown on Account Sharing Now in Effect in the US
Disney has announced a new measure aimed at limiting password sharing among its streaming service subscribers, introducing a “Paid Sharing” feature. This comes as part of the company’s broader strategy…
Japanese Startup Dinii Raises $48M in Series B Funding Round
Dinii, a cloud-based restaurant management platform based in Japan, has raised $48 million (7.46 billion JPY) in a Series B funding round led by Bessemer Venture Partners and Hillhouse Investment…
Nintendo Museum Set to Open, Featuring Super Mario and Game Boy History
Nintendo will open a museum next week, showcasing its history and offering fans of “Super Mario,” “The Legend of Zelda,” and the Game Boy a deeper look into the renowned…
Vietnam Confirms SpaceX Plans $15 Billion Investment
SpaceX is considering a $15 billion investment in Vietnam, according to a statement released by the Vietnamese government on Thursday. The announcement followed a meeting between Vietnamese President To Lam…
SK Hynix Shares Surge as Latest HBM Chip Production Kicks Off
SK Hynix’s shares surged by more than 9% on Thursday as the South Korean company commenced mass production of its most advanced high-bandwidth memory (HBM) chips, known as HBM3E. These…
LG Display Agrees to $1.5 Billion Sale of Guangzhou LCD Plant
LG Display has agreed to sell its majority stake in a Guangzhou-based LCD plant to TCL’s CSOT division for 10.8 billion yuan ($1.54 billion). The sale covers LG Display’s 80%…