Tencent Reports 47% Profit Jump as Games and AI Drive Growth
Tencent posted a stronger-than-expected 47% profit surge in the third quarter, driven by gains in gaming, advertising, and cloud services, as announced on Wednesday. The Chinese social media and gaming…
North Korean Malware Bypasses Apple’s Security Measures to Target macOS Systems
Researchers at Jamf Threat Labs have uncovered a series of applications developed by North Korean hackers that managed to bypass Apple’s stringent security protocols, including its notarization process. This development…
Vietnam Expands Chip Packaging as Companies Shift Production from China
Vietnam is rapidly expanding its footprint in the semiconductor back-end manufacturing sector, attracting foreign investment as companies reduce operations in China due to escalating trade tensions with Western nations. Foreign…
Samsung Shares Drop as Trump Tariff Concerns Spark Market Reaction
Samsung Electronics shares reached a four-year low on Wednesday, impacted by concerns over potential U.S. tariffs on Chinese imports under a possible new Donald Trump administration, as analysts note. The…
SoftBank Reports Major Profit Surge with Vision Fund’s Rebound
SoftBank’s Vision Fund division reported significant gains of 608.5 billion yen ($3.96 billion) in its fiscal second quarter, as the Japanese conglomerate experienced a sharp rise in returns on its…
Small Businesses Gain New AI Tool as Alibaba Expands International Reach
Alibaba has launched a new artificial intelligence-driven search engine, Accio, aimed at small businesses in Europe and the Americas to aid in sourcing supplies. This tool represents Alibaba’s strategic move…
Baidu Launches AI Tools to Simplify App Development and Image Creation
Baidu Inc introduced a range of new AI-powered applications at the annual Baidu World Conference, marking a strategic push toward the commercial application of its AI advancements. The Chinese tech…
Japan Launches $65 Billion Boost for Domestic Chip and AI Sectors
Japanese Prime Minister Shigeru Ishiba announced a $65 billion plan to support Japan’s semiconductor and artificial intelligence sectors through subsidies and financial incentives. The initiative, targeting domestic chip production, aims…
TSMC and GlobalFoundries Set to Receive Final Chips Act Awards, Sources Say
Taiwan Semiconductor Manufacturing Co. (TSMC) and GlobalFoundries, along with another unnamed chipmaker, are reportedly set to receive their final awards under the U.S. Chips and Science Act. The Commerce Department…
Grab raises 2024 revenue forecast as holiday demand surges
Singapore’s Grab Holdings raised its revenue forecast for fiscal 2024, signaling expectations of strong performance in its food delivery and ride-hailing sectors, particularly during the holiday season. The Southeast Asian…
Huawei demands dismissal of US charges in alleged tech theft case
Huawei Technologies is seeking to dismiss a substantial portion of the criminal charges it faces in the United States. The Chinese telecommunications giant filed a motion in a Brooklyn federal…
Nano Labs, a Nasdaq-listed Chinese Crypto Mining-Chip Designer, Announces Bitcoin Payment Acceptance
On November 11, Nano Labs, a crypto mining-chip designer based in Hangzhou and listed on Nasdaq, announced it will begin accepting Bitcoin as a form of payment. This decision is…
Shein and Temu Must Comply with Vietnam’s New Registration Rule
Vietnam’s government has announced that Chinese online retail platforms Shein and Temu must register with local authorities by the end of November or face potential blocks on their internet domains…
South Korea’s Ruling Party Backs Chipmakers to Counter Trump’s Trade Threat
South Korea’s ruling party introduced a bill on Monday to provide subsidies and lift restrictions on working hours for chipmakers, aiming to counter potential risks tied to measures proposed by…
New DJI Neo Update Boosts Speed and Adds Vertical Video for Creators
DJI’s latest firmware update for its Neo drone enhances both speed and video capabilities, addressing previous user limitations. The update introduces vertical video shooting and increases the Neo’s tracking speed,…
China Chip Index Nears Three-Year High Amid TSMC Export Restrictions
China’s semiconductor index surged to nearly a three-year peak on Monday, fueled by expectations that new U.S. export restrictions on Taiwan Semiconductor Manufacturing Co. (TSMC) could expedite China’s push for…
Nintendo Direct to Unveil Donkey Kong Country at Super Nintendo World
Nintendo is preparing to reveal the highly anticipated Donkey Kong Country section of its Super Nintendo World theme park in an exclusive 10-minute Nintendo Direct stream. The broadcast, scheduled for…
India’s Antitrust Probe Finds Zomato and Swiggy Favored Select Restaurants
India’s antitrust regulator has found that food delivery giants Zomato and Swiggy engaged in practices that breached competition laws by favoring select restaurant partners, according to documents from the Competition…
Coinbase Introduces ‘Stand With Crypto’ Advocacy Group in Australia
The Coinbase-backed advocacy group, Stand With Crypto, has launched its Australian branch as part of a strategic push to foster a regulatory environment favorable to cryptocurrency in the country. This…
Sony’s Profit Leaps 73% with Boost from Gaming Sector
Sony Group Corp. reported a significant rise in operating profit for the July-September quarter, driven largely by its game and network services sector, which helped mitigate reduced revenue from TV…