Tag: Asia Economy

How India is challenging China as Asia’s tech powerhouse

For years, China has been Asia's technology powerhouse.It is home to what once were some of the world's most valuable companies, from Tencent to...

India approves three chip plants with over $15 billion in investments to realize semiconductor ambitions

Researchers inside the semiconductor fabrication lab at the Centre for Nano Science and Engineering, at the Indian Institute of Science, in Bangalore on June...

Buying property in Asia? Real estate specialists give their investment tips

Hong Kong residential prices could fall by another 10% in 2024, according to DBS Hong Kong.Bloomberg | Bloomberg | Getty ImagesHong Kong's property market...

Apple supplier Foxconn says it will cooperate with Chinese authorities on tax, land use investigations

Hon Hai Group's headquarters, in Taipei, Taiwan, 15 July 2021.Ceng Shou Yi | Nurphoto | Getty ImagesApple supplier Foxconn, officially known as Hon Hai,...

Apple supplier Foxconn says it’s ‘way too late’ to chase dominance in cutting-edge chips

Apple iPhone supplier Foxconn, officially known as Hon Hai, said its semiconductor strategy is to focus on producing "specialty chips" — not competing in...

Indonesia’s EV ambitions could help boost investments in the rest of Southeast Asia

Korean automobile manufacturer Kia displays the electric vehicle "EV6 GT-Line" during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023.Yasuyoshi...

South Korea’s Naver launches generative AI services to compete with ChatGPT

South Korean internet giant Naver released its own generative artificial intelligence tool on Thursday, joining other companies in launching large language models to compete...

Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say

Forrest Li, chief executive officer of Sea Ltd., in Singapore, on Wednesday, May 3, 2023.Ore Huiying | Bloomberg | Getty ImagesShares of Southeast Asian...

Over $1 trillion needed for developing nations’ climate transition, says ex-World Bank official

Smoke billows from an unauthorized steel factory, foreground, on November 4, 2016 in Inner Mongolia, China. To meet China's targets to slash emissions of...

Cathie Wood says her flagship innovation fund has completely exited China

Cathie Wood, CEO, Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange, Feb. 27, 2023.Brendan McDermid...

TikTok Shop strikes ‘buy now, pay later’ partnership in Malaysia as part of e-commerce push

Two sellers offering merchandise for sale through a TikTok livestream.Bay Ismoyo | Afp | Getty ImagesTikTok struck a partnership with "buy now, pay later"...

Zoom is ‘extremely optimistic’ about growth in Asia-Pacific despite weaker outlook

Zoom is "doubling down" on its technical investments in the Asia-Pacific region as it seeks to strengthen growth, said the video communications company on...

A U.S. tech downturn offers India ‘a bigger opportunity,’ says Infosys founder

Infosys founder Narayana Murthy sees tech layoffs in the U.S. as an opportunity for India."I look at these things as part of a...

Warren Buffett explains why he bought 5 Japanese trading houses: I was ‘confounded’ by the opportunity

Warren Buffett said he was "confounded" by the opportunity to buy into five Japanese trading houses two years ago."I was confounded by the fact...

Huawei licenses 5G patents to rival as U.S. sanctions force the Chinese giant to seek new revenue

An image of a woman holding a cell phone in front of a Huawei logo displayed on a computer screen. Canada on Thursday said...

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