Asia

In a major move, Alibaba Group Holding Ltd (NYSE:BABA) slashed prices on its artificial intelligence services by up to 97%, prompting immediate reactions from competitors Baidu Inc (NASDAQ:BIDU) and ByteDance Ltd.  This aggressive pricing strategy is...

ASML Holding NV (NASDAQ:ASML) and Taiwan Semiconductor Manufacturing Co (NYSE:TSM) can remotely turn off their sophisticated chipmaking machines if China invades Taiwan, Bloomberg reports. U.S. government officials have discussed with Dutch and Taiwanese authorities the...

Baidu Inc (NASDAQ:BIDU) is forming tighter connections with U.S. tech giants like Apple Inc (NASDAQ:AAPL) and Tesla Inc (NASDAQ:TSLA), leveraging China’s overseas data transfer restrictions to expand its focus beyond its traditional search business....

Alibaba Group Holding Ltd’s (NYSE:BABA) Taobao and Tmall Group are collaborating with ByteDance-owned Douyin to draw users from the Chinese short video platform, aiming to boost their presence in the mainland’s annual midyear shopping festival. ...

Chinese EV maker XPeng Inc (NYSE:XPEV) reported fiscal first-quarter sales growth of 62.3% year-on-year, to 6.55 billion Chinese Yuan ($0.91 billion), beating the analyst consensus estimate of 6.17 billion Chinese Yuan ($0.87 billion). Total revenues ...

Li Auto Inc (NASDAQ:LI) reported fiscal first-quarter 2024 revenue growth of 36.4% year-on-year to $3.55 billion, missing the analyst consensus estimate of $3.84 billion.  Adjusted net earnings per ADS was $0.17 missed the analyst consensus estimate of $0.35. The...

Baidu, Inc (NASDAQ: BIDU) reported a fiscal first-quarter 2024 revenue growth of 1% year-on-year to $4.37 billion, beating the analyst consensus estimate of $4.32 billion.  Baidu's adjusted earnings per ADS of $2.76 beat the analyst consensus estimate of $2.30....

Nvidia Corp. (NASDAQ:NVDA) shares were trading higher before the opening bell on Thursday, following a pullback in the previous session caused by concerns over supply-chain constraints stemming from a powerful earthquake in Taiwan. Nvidia assured investors its supplies from Taiwan...

The rise of deepfake videos of political leaders in Asia has sparked concerns about potential election interference. The use of deepfake technology to create convincing fake videos of political leaders has been on the rise, raising questions about the region’s readiness to combat this form of...

Following Tesla Inc.’s (NASDAQ:TSLA) disappointing fourth-quarter results, the stock prices of its Asian suppliers and electric vehicle (EV) competitors have taken a hit. What Happened: As reported by CNBC, Tesla’s shares fell on Wednesday after the company’s fourth-quarter...

Global investors are turning their attention to Asia, lured by the region’s soaring computing and data storage needs, driven primarily by the surge in artificial intelligence (AI) and cloud services. Private equity firms KKR & Co Inc (NYSE:KKR) and Bain Capital ...

The upgraded Tesla Model 3 has started reaching customers in China, marking a significant milestone for Tesla Inc. (NASDAQ:TSLA). What Happened: Celebrations are in order as Tesla commences the first deliveries of the upgraded Model 3. The news was shared by Tesla’s Asia unit on...

In the aftermath of a substantial money laundering scandal involving S$2.4 billion ($1.8 billion) last month, banks based in Singapore have increased their vigilance towards clients of Chinese origin who possess foreign passports. What Happened: According to sources, several financial institutions...

In a shocking incident, a significant Bitcoin (CRYPTO: BTC) investment loss led to a domestic dispute and a prolonged police standoff in central Thailand, according to a report by Thaiger, a local publication, earlier in the week. What Happened: The incident involved a 35-year-old man, Kritsada,...

The Taliban’s severe restrictions have triggered a significant rise in female suicides in Afghanistan, indicating a brewing mental health crisis. The Guardian reported on Sunday, that since the Taliban seized control in 2021, there has been a concerning increase in the...