The 19th G20 Summit in Brazil on Monday and Tuesday will bring leaders of all major economies together once again. The task before them is cut out. Prime Minister Narendra Modi is representing India for a record eleventh successive time. Such continuity is an advantage in a world of turmoil…when there is a deficit of … Read more
TikTok owner ByteDance has been losing momentum in 2024, with slower revenue growth and narrower profit margins for the first three quarters compared with last year, according to local media. Revenue growth “significantly” slowed for the first nine months of the year, while profit margins slimmed for the first time since 2022, Chinese tech media … Read more
Chinese smartphone brand Vivo claimed the No 1 spot among handset makers in India for the first time in the third quarter, ahead of the region’s long-time leaders Xiaomi and Samsung Electronics. Vivo shipped 9.1 million units in India in the three months through September, growing 26 per cent year on year and capturing a … Read more
The United States House of Representatives has passed a bill that would prohibit new drones from Shenzhen-based DJI from operating in the country and accessing domestic communication infrastructure, part of a series of China-focused measures that American lawmakers are considering this week. The bill, known as the Countering CCP Drones Act, aims to put DJI … Read more
POLITICAL POSTURING Draft bills on cannabis have been circulating for months but there remains a lack of clarity or detail about how the Pheu Thai-led government will enact changes to the law. The Ministry of Public Health has said more consultation needs to be done before a final bill is decided by cabinet and then … Read more
Taiwan’s King Yuan Electronics Co (KYEC), one of the world’s largest semiconductor testing and packaging services firms, has divested its entire stake in a subsidiary at manufacturing hub Suzhou, in eastern Jiangsu province, as part of efforts to exit mainland China amid geopolitical tensions and cross-strait chip supply chain changes. KYEC unit KYEC Microelectronics Co … Read more
Japan approved up to ¥590 billion (US$3.9 billion) in subsidies to chip venture Rapidus, committing more money to its ambition to catch up in semiconductor manufacturing. The additional funding will help Rapidus buy chipmaking equipment and also develop advanced back-end chipmaking processes, Economy Minister Ken Saito said. The amount is on top of billions of … Read more
With that infusion, Shenzhen Habo Technology Investment Partners – established in 2021 by Huawei and Habo Investment – last Thursday raised its registered capital to 7.98 billion yuan (US$1.1 billion) from 7 billion yuan previously, according to data from Chinese business registry platform Tianyancha. Huawei did not immediately respond to a request for comment on … Read more
The mayor of London, Sadiq Khan, wants the government to confiscate and sell UK properties owned by Russians linked to Vladimir Putin. Khan called for the sale of these assets in a letter to Housing Secretary Michael Gove. He revealed that these assets were worth about £1.1 billion. In the letter, Khan said that the … Read more
Days after two Chinese fishermen drowned during a chase by Taiwanese authorities, China has reportedly begun to retaliate. On Monday, China’s coast guard boarded a Taiwanese tourist vessel to inspect the boat. The officers checked the crew’s documents and deboarded only after half an hour of carrying out the check. The Taiwanese ferry named King … Read more
