Crypto Scams Persist in China Despite Ban, Shaanxi Police Detain Four Suspects
Mainland China, recognized as one of the most stringent jurisdictions regarding cryptocurrency regulation, continues to grapple with investment scams despite a comprehensive ban on most crypto activities. This ongoing issue…
Tesla Recalls 1.8 Million Vehicles Over Hood Detachment Risk
Tesla has recalled 1.8 million vehicles across the United States due to a risk of detached hoods, according to the National Highway Traffic Safety Administration (NHTSA). The recall affects select…
India Emerges as Leading Market for Meta AI Usage
Meta’s Chief Financial Officer, Susan Li, highlighted India’s significance as the largest market for Meta AI usage during the company’s second-quarter earnings call. This milestone, achieved just a few months…
ASML and Tokyo Electron Escape New US Chip Export Restrictions
The United States is set to temporarily exempt semiconductor equipment manufacturers ASML and Tokyo Electron from new export restrictions targeting China. The Biden administration is preparing to implement the Foreign…
Qualcomm’s New Chip Aims to Bring 5G to Millions in Emerging Markets
Qualcomm introduced the Snapdragon 4s Gen 2 chip, aiming to expand 5G accessibility to 2.8 billion smartphone users in cost-sensitive markets like India and Latin America. This entry-level chip, unveiled…
Potential U.S. Restrictions on AI Memory Chips Could Impact China’s Tech Sector
The United States is contemplating new unilateral restrictions on China’s access to advanced AI memory chips, specifically targeting products from companies like Micron Technology, SK Hynix, and Samsung, according to…
North Korean Hacker Infiltrates US Security Firm, Attempts Malware Attack
KnowBe4, a US-based security vendor specializing in security awareness training, revealed that it accidentally hired a North Korean hacker who attempted to install malware within its systems. This incident serves…
WeRide Expands Globally Amid Rising AI Adoption in Transportation
Self-driving technology company WeRide is pushing forward with its global expansion as the adoption of artificial intelligence (AI) in the transportation sector gains momentum. The firm, known for its innovations…
Wall Street Monitors Temu and Shein’s Big Impact on American Tech Market
Temu and Shein, two discount shopping apps, have gained traction in the U.S. through aggressive online marketing and offering low-cost products directly from China. Their success, along with TikTok Shop…
Xiaohongshu Rises as a Major Force in China’s E-Commerce Scene
Chinese social media platform Xiaohongshu, known for its Instagram-like interface, is making a significant impact in China’s e-commerce market. It is attracting attention and revenue from major players like Alibaba…
Hong Kong Police Crack Down on Crypto Fraud: Four Arrested, Including Teenager, in HK$11 Million Scheme
In a significant move against financial fraud, Hong Kong police have apprehended four individuals, including a 14-year-old, linked to a syndicate involved in defrauding cryptocurrency owners with counterfeit banknotes. The…
Hong Kong Legislator Considers Bitcoin for Financial Reserves
Hong Kong Legislative Council Member Johnny Ng has unveiled plans to explore the feasibility and benefits of incorporating Bitcoin into the financial reserves of Hong Kong. This initiative reflects growing…
Zhipu AI Unveils New Video Model, Joining Chinese Tech Giants in Challenging OpenAI’s Sora
Chinese AI start-up Zhipu introduced its latest video generation model, Ying, on Friday, marking a significant step in the growing competition among local tech firms in the AI video space.…
Major Tech Firms Showcase Innovative AI Tools for Game Developers at ChinaJoy Expo 2024
At ChinaJoy, Shanghai’s premier annual digital entertainment expo, tech giants like Tencent, Microsoft, and Amazon showcased their latest artificial intelligence (AI) tools to Chinese video game developers. These advancements aim…
Bitcoin Hits 16-Month High in Positive Sentiment as Price Approaches $68K
Bitcoin’s recent price surge has significantly impacted trader sentiment, reaching levels not observed in 16 months. Data from Santiment, a firm that monitors social media sentiment, highlights a notable shift…
UK’s Zapp EV Sets Sights on Global Expansion, Kicks Off in India
Zapp Electric Vehicles, a London-based electric two-wheeler manufacturer, is gearing up to expand its brand globally, with India as one of its key markets. The company plans to launch its…
Apple Ousted from Top 5 in China as Local Smartphone Brands Take Over
Apple has been edged out of the top five smartphone vendors in China during the second quarter, according to a report by Canalys. The tech giant’s market share shrank to…
Samsung Teases Innovative AI-Enhanced Upgrades for New Foldable Phones
In a stylish Parisian hotel, Samsung Electronics‘ mobile chief TM Roh showcased the company’s latest products, including foldable smartphones and the new Galaxy Ring, highlighting Samsung’s strategy to lock customers…
HSBC Australia Implements Restrictions on Payments to Crypto Exchanges Due to Scam Concerns
Starting July 24, 2024, HSBC Australia, a branch of the international banking giant, has initiated a significant policy change by blocking payments to cryptocurrency exchanges. This measure is part of…
India Intensifies Efforts to Curb Darknet Drug Transactions Through Enhanced Crypto Surveillance
India’s Narcotics Control Bureau (NCB) is stepping up its monitoring of cryptocurrency transactions linked to drug trafficking on the darknet. This initiative is part of a broader national effort to…