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The New Oriental edu-tech group has staged a shock turnaround with a dramatic share surge in recent days, amid hope that a new live-streaming strategy might salvage some of its business
Baidu is looking to sell its 53% stake in iQIYI, China's second biggest video streaming firm, according to sources, who said the deal could value the company at about $7 billion
Apple supplier to focus on expansion in Vietnam, India, Indonesia and North America, after operations at its factories in China were rocked by Covid lockdowns and labour shortages
While Coinbase is shrinking its global workforce by 18%, a company spokesperson told TechCrunch only 8% of India staff would be laid off
The world's largest maker of personal computers said it will acquire an 80% stake in Digital Era Enterprises and a 20% stake in PCCW Network Services, a holding company
The model is for Japanese and US businesses to jointly establish a new company, or else Japanese firms could set up a new manufacturing hub in the US
Providers must not use apps to conduct activities that endanger national security, the Cyberspace Administration of China (CAC) said
"The disruption ... on the international economic order; and the chance to grow would be much, much (more) significant than this one," chief trade negotiator John Deng said
Falling values could turn into a vicious downward selling spiral as buyers willing to provide price support evaporate.
A Korean firm that produces isopropyl alcohol, a raw material for cleaning chip wafers, is facing problems shipping to a Chinese firm that supplies wafers to a Samsung factory in China
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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