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The ride-hailing giant saw a fourth-quarter profit of $113.15 million, compared to a similar-sized loss for the same quarter a year earlier
Beijing has been tightening control of data generated within the country's borders sparking alarm among foreign firms operating in China
China's push for self-sufficiency in the computer chip supply chain was a noted feature of the annual Semicon China exhibition in Shanghai this week
Foreign investment into China fell 19.9% in the the first two months of 2024 from the amount in January-February last year to 215 billion yuan ($30 billion), the Commerce ministry said on Friday
Beijing’s Ministry of State Security has urged citizens to step up their cybersecurity as attacks by overseas agencies have been ‘rampant’
US lawmakers were already looking to cut SMIC off from US tech imports after it produced the surprisingly high-end chip for Huawei’s latest handset
Micron, one of the two suppliers of top-end chips to Nvidia along with South Korea's SK Hynix, added nearly $19 billion to its market value this week
The politicians said the current 25% additional tariff on Chinese drones is "insufficient to combat the surge" in imports
The world's largest video game company plans to double its share buybacks this year as it continues its post-Beijing crackdown recovery
Hundreds expected to attend conference in Washington DC, where researchers hope to attract more backing to avoid falling behind China in the quest to develop a commercially viable reactor
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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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