AI Boom Has Room to Grow Says Foxconn Chairman Amid Language Model Evolution
Foxconn CEO and Chairman Young Liu has indicated that the surge in corporate investment in artificial intelligence (AI) infrastructure will continue as large language models (LLMs) advance. In an interview…
Tata iPhone Component Plant Shuts Down Indefinitely After Fire Incident
Production has been indefinitely halted at Tata Electronics’ plant in southern India, following a fire that broke out over the weekend. The facility, which produces key components for Apple’s iPhone,…
Mark Zuckerberg Surpasses Jeff Bezos as World’s Second Richest Person
Mark Zuckerberg has ascended to become the world’s second-richest person, surpassing Jeff Bezos according to the Bloomberg Billionaires Index. On Thursday, Zuckerberg’s net worth reached an impressive $206.2 billion, eclipsing…
WuXi AppTec Explores Sale of Key Units Amid U.S. Restrictions
China’s WuXi AppTec and WuXi Biologics are considering the sale of parts of their pharmaceutical operations as U.S. national security concerns tighten restrictions on Chinese biotech firms. WuXi AppTec is…
Huawei Announces Meng Wanzhou as New Rotating Chairperson
Huawei announced that Meng Wanzhou has officially taken over as the rotating chairperson of the company for the next six months, replacing Eric Xu. Meng, who is the daughter of…
Foxconn Announces Speaker Lineup Including Nvidia, Google, and BMW Execs
Executives from major companies, including Nvidia, Google, and BMW, are set to speak at Foxconn’s annual tech day forum next week, according to a statement by the world’s largest contract…
China appeals to WTO over Canada’s new tariffs on EVs and metal imports
China has filed an appeal to the World Trade Organization (WTO) to challenge Canada’s tariffs on electric vehicles (EVs), steel, and aluminum products. The Chinese Ministry of Commerce announced this…
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…
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…
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…
China ADRs surge as Beijing unveils fresh stimulus measures
U.S.-listed shares of Chinese companies surged on Tuesday following Beijing’s announcement of its largest stimulus package since the pandemic, sparking optimism about renewed economic growth. The People’s Bank of China…
China’s Meituan Plans to Raise $2 Billion Through Dollar Bonds
China’s Meituan is looking to raise up to $2 billion through a dollar bond deal, according to two sources familiar with the matter and a term sheet seen by Reuters…
Samsung Files Lawsuit Against Indian Labour Union Amid Escalating Strike
Samsung Electronics’ legal battle with its Indian labour union over an 11-day strike at its Tamil Nadu home appliances factory is escalating, as revealed by recent court documents. The company…
YouTube Teams Up with Shopee to Expand E-Commerce in Southeast Asia
YouTube and Shopee have partnered to launch an online shopping service in Indonesia, with plans to expand across Southeast Asia. This collaboration allows users to purchase items showcased on YouTube…
MrBeast and Amazon Face Lawsuit from Beast Games Contestants
A group of five unnamed contestants has filed a lawsuit against YouTuber MrBeast (Jimmy Donaldson) and Amazon over their involvement in the planned competition show, Beast Games. Filed on September…
Amazon Mandates Return to Office, Ending Remote Work
Amazon has announced a stricter return-to-office policy, requiring corporate employees to work in the office five days a week starting in 2025. This decision, outlined in a memo by CEO…
Vietnam Faces US Pressure Over Undersea Cable Decisions
The United States is actively encouraging Vietnam to avoid using Chinese firms, particularly HMN Technologies, in its plans to build 10 new undersea cables by 2030. Vietnam, dealing with aging…
Ant Group Secures $6.5 Billion Refinancing for Overseas Expansion
China’s Ant Group is refinancing its $6.5 billion credit line, the company confirmed on Thursday. The move comes as the Alibaba-backed fintech giant aims to strengthen its overseas operations. According…
Young Sohn Returns to Arm’s Board After Samsung Advisory Role
Young Sohn, a senior adviser at Samsung Electronics, is set to rejoin the board of Arm Holdings, the British chip firm announced on Thursday. Sohn, who previously held a position…