Asia

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) saw its stock recover some losses on Wednesday after closing lower on Tuesday. This rebound comes as the company continues to benefit from robust demand for artificial intelligence (AI) technologies and Taiwan unveils ambitious plans to bolster its...

Japan’s benchmark Nikkei 225 rose sharply on Wednesday, after President Donald Trump finalized the long-anticipated trade deal between Washington and Tokyo. As part of the $550 billion deal, Japan will open its markets to American cars, trucks, rice and other agricultural products, while...

The company, which is developing an online-merge-offline (OMO) new consumption platform, swung to a 2.23 billion yuan loss last year on asset impairments  Key Takeaways: Qidian Guofeng has signed a letter of intent to acquire an AI technology company, sparking a rally for its shares The...

The AI firm, which has begun the process for listing on one of China's A-share markets in Shanghai and Shenzhen, is reportedly also considering Hong Kong  Key Takeaways: Zhipu may be shifting its IPO plans, as it experiences major executive upheaval with the departure of several top...

The air conditioner maker's low-price strategy has helped it win customers in China, while its OEM model has won over customers abroad Key Takeaways: Aux Electric achieved 20% revenue growth in 2024, outpacing rivals using a low-price strategy at home and OEM model overseas The air conditioner...

Iron ore prices have rebounded above $100 for the first time since February. Renewed optimism about China's economic resilience and the announcement of construction of the world's largest hydropower dam drove momentum of the futures market in Singapore. Yet, some analysts believe the rally is...

Alibaba Group (NYSE:BABA) escalated China’s instant delivery price war by launching a massive 50 billion Chinese yuan subsidy program for consumers and merchants on its Taobao Shangou platform, intensifying an already cutthroat battle for market share against JD.com (NASDAQ:JD) and Meituan (...

The combined market capitalization of America's seven largest corporations has now overtaken the entire economic output of China, the world's second-largest economy. As of July 17, Nvidia Corp. (NASDAQ:NVDA), Microsoft Corp. (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN),...

The drug services giant has forecast a jump in revenue for the first half and a doubling of net profit, after U.S. policy concerns abated Key Takeaways: The projected results put the company on track to meet its target of returning continuing operations to double-digit growth this year WuXi...

The infant products e-commerce platform has filed for a Hong Kong IPO, hoping investors will buy into its transformation story after its revenue flatlined last year Key Takeaways: Yangtuo's infant products e-commerce platform targets lower-tier Chinese cities, towns and villages that account for...

WeRide Inc. (NASDAQ:WRD) announced on Thursday the launch of fully driverless Robobus operations at Resorts World Sentosa, Singapore (RWS), the first autonomous vehicle in Southeast Asia to operate without a safety officer on board. The company secured clearance from Singapore’s Land...

Nvidia (NASDAQ:NVDA) CEO Jensen Huang, on his third visit to China this year, praised the country’s open-source AI innovation during a fireside chat with Alibaba Group (NYSE:BABA) Cloud founder Wang Jian at the China International Supply Chain Expo on Thursday. He called open source “...

The private equity investor appears to be setting its sights on high-tech companies as it prepares to raise funds by issuing bonds Key Takeaways: Tain Tu Capital is looking to raise up to 300 million yuan by issuing bonds that it's calling "Sci-Tech Innovation Notes" The move comes as the private...

Chinese electric vehicle maker XPeng (NYSE:XPEV) plans to hire 8,000 workers this year, up from its earlier target of 6,000, founder He Xiaopeng said in an internal speech. With the new hires, XPeng expects its total headcount to approach 30,000 by the end of the year, according to a transcript of...