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…
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…
Australia Passes Law Banning Social Media for Kids Under 16
AAustralia has approved one of the world’s strictest social media laws, banning children under 16 from accessing platforms like Instagram, TikTok, and YouTube. The legislation, passed with a 34–19 vote…
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…
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…
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…
MTN South Africa Teams Up with China Telecom and Huawei on 5G and AI
MTN South Africa has forged a strategic partnership with China Telecom and Huawei, aiming to enhance its offerings in 5G, cloud computing, artificial intelligence (AI), and business solutions. The companies…
Chinese Start-Up’s AI Experiment Goes Viral, Raises Questions About Autonomy
A video of a robot convincing a group of other machines to “go home” has ignited a mix of amusement and unease online, with many pondering the future implications of…
Japan Competition Authorities Raid Amazon Japan Over Anti-Monopoly Concerns
Japan’s Fair Trade Commission (JFTC) carried out an on-site inspection of Amazon Japan on Tuesday, investigating potential violations of anti-monopoly laws. According to a government source, the e-commerce giant is…