Top Highlights Deposit Reduction: ByteDance’s Douyin will cap merchant guarantee deposits at 5,000 yuan ($695), a significant decrease from the…
Browsing: Asia
Quick Takeaways Leadership Engagement: Jack Ma responded to a resignation letter from a long-time employee, emphasizing his commitment to fostering…
Fast Facts Acquisition Announcement: Tencent Music Entertainment Group is acquiring audio content platform Ximalaya for approximately US$2.4 billion in cash…
Top Highlights Innovation Hub Goal: Hong Kong is actively seeking to establish itself as a key innovation hub by participating…
Top Highlights Major carmakers like Volkswagen and Renault face fierce competition from Chinese EV manufacturers, notably BYD, which recently launched…
Summary Points SMIC Divestment: Semiconductor Manufacturing International Corp (SMIC) sold its entire 14.83% stake in Ningbo Semiconductor International (NSI) to…
Fast Facts The Beijing Academy of Artificial Intelligence (BAAI) launched new open-source AI models aimed at enhancing robot intelligence, highlighting…
Summary Points Launch of GenAI Cockpit: Ant International, a spin-off from Ant Group, introduced the Alipay+ GenAI Cockpit, an AI-as-a-Service…
Fast Facts Douyin’s Popularity: Approximately 40% of Hong Kong’s 7.5 million residents are now users of Douyin, reflecting significant growth…
Fast Facts Profitability Forecast: Xiaomi’s CEO, Lei Jun, announced the EV venture is expected to become profitable by late 2023,…