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Today: April 03, 2025
Today: April 03, 2025
Josh Ye

Josh Ye

Staff Writer

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China's Xpeng to acquire Didi's EV unit in deal worth up to $744 million

– Chinese EV maker Xpeng said it would buy Didi’s electric car development business – a deal worth up to $744 million that will see it supply vehicles to the ride-hailing giant, boosting production and cutting costs. Shares in Xpeng, one of China’s smaller electric vehicle manufacturers and currently loss-making, shot up 11% in Hong Kong trade on the news which comes on the heels of a stake sale to and partnership with Germany’s Volkswagen. The all-stock deal with Didi calls for Xpeng to launch an A-class model next year under a new brand,

China's Xpeng to acquire Didi's EV unit in deal worth up to $744 million
Business|Technology

Tencent to release 'Dungeon and Fighter' mobile game in May after seven years

Chinese tech giant Tencent Holdings said on Monday that it will release its much-anticipated "Dungeon and Fighter" mobile game on May 21 after seven years of

Tencent to release 'Dungeon and Fighter' mobile game in May after seven years
Asia|Business|Technology

Apple enforces new check on apps in China as Beijing tightens oversight

Apple has started requiring new apps to show proof of a Chinese government licence before their release on its China App Store, joining local rivals years that had

Apple enforces new check on apps in China as Beijing tightens oversight
Asia|Business|Economy|Technology

China targets 50% growth in computing power in race against U.S

China aims to boost the country’s aggregate computing power by more than 50% by 2025, according to a plan released by authorities on Monday, as Beijing tightens its

China targets 50% growth in computing power in race against U.S
Business|Finance|Technology|US

US chip curbs give Huawei a chance to fill the Nvidia void in China

U.S. measures to limit the export of advanced artificial intelligence (AI) chips to China may create an opening for Huawei Technologies to expand in its $7 billion home

US chip curbs give Huawei a chance to fill the Nvidia void in China
Business|Technology

China's ByteDance to overhaul VR arm Pico as global demand declines -sources

ByteDance's virtual reality (VR) arm Pico will cut jobs and undertake its biggest overhaul since it was acquired by the TikTok maker two years ago as global demand for

China's ByteDance to overhaul VR arm Pico as global demand declines -sources
Business|Finance|Technology

TikTok owner ByteDance offers to buy back shares from staff at $160 apiece

China's ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees outside the United States for $160

TikTok owner ByteDance offers to buy back shares from staff at $160 apiece
Asia|Business|Finance|Technology

Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market value

Alibaba Group's Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties fuelled by U.S.

Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market value
Asia|Business|Technology

Apple offers iPhone 15 at rare discount in China as competition intensifies

Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan ($70) amid growing competitive pressure in the world's biggest

Apple offers iPhone 15 at rare discount in China as competition intensifies
Business

Factbox-What do we know about TikTok’s Chinese owner, ByteDance?

The U.S.

Factbox-What do we know about TikTok’s Chinese owner, ByteDance?
Business|Technology

Tencent's next level up: fewer big foreign franchise games, more in-house

In a sea change at China's Tencent, an easy-to-play game of cute characters tackling obstacle courses has taken precedence over developing a big-budget sophisticated

Tencent's next level up: fewer big foreign franchise games, more in-house
Business|Technology

Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips

Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series

Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
Asia|Business|Technology|World

Apple pulls WhatsApp, Threads from China app store after Beijing order

Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which

Apple pulls WhatsApp, Threads from China app store after Beijing order
News|Science|Technology|US

How dependent is China on US artificial intelligence technology?

The Biden administration plans to put guardrails on U.S.-developed artificial intelligence (AI) models that power popular chatbots like ChatGPT to safeguard the

How dependent is China on US artificial intelligence technology?
Asia|Business|Finance|Technology

China's Tencent Q1 revenue tops forecasts as ad sales, business services shine

China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, on strong growth in advertising sales and business services

China's Tencent Q1 revenue tops forecasts as ad sales, business services shine
Business|Finance|Technology

Huawei flagship store surge in China signals showdown with Apple

Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone's throw away from Apple shops, as it seeks to retake

Huawei flagship store surge in China signals showdown with Apple
Business|Finance|Technology

China’s Lenovo extends revenue growth streak, beats expectations

China's Lenovo Group reported a 9% rise in fourth-quarter revenue to $13.8 billion on Thursday, as the world's largest maker of personal computers (PCs) exits a demand

China’s Lenovo extends revenue growth streak, beats expectations

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