

GAC Launches Electric Vehicle Production at New Indonesia Plant
Chinese automaker GAC has begun operations at its new electric vehicle manufacturing plant in Jakarta, aiming to expand its footprint across Southeast Asia.
14 minutes ago1 min read


Apple Faces Shareholder Lawsuit Over Alleged AI Misrepresentation
Apple is facing a proposed securities fraud class action lawsuit from shareholders who claim the company overstated its progress in artificial intelligence, leading to significant financial losses.
2 days ago2 min read


Amazon to Invest USD 233 Million in India to Boost Operations and Technology
Amazon will invest more than USD 233 million in India in 2025 to expand its operations infrastructure, enhance its fulfilment network, and improve delivery safety.
5 days ago1 min read


Malaysia Investigates Reports of Chinese Firm Using Nvidia AI Chips for LLM Training
Malaysia’s Ministry of Investment, Trade and Industry is investigating reports that a Chinese company operating in the country is using Nvidia chips to train large language models.
6 days ago1 min read


Microsoft to Cut Thousands of Jobs as AI Investments Grow
Microsoft is preparing to cut thousands of jobs, with many expected in its sales division, as it continues to invest heavily in artificial intelligence, according to a Bloomberg News report.
6 days ago1 min read


Trump to Extend TikTok Sale Deadline to September, White House Confirms
U.S. President Donald Trump will extend the deadline for China-based ByteDance to divest TikTok’s U.S. assets by 90 days, pushing the new cutoff to mid-September, the White House said Tuesday.
Jun 182 min read


OpenAI Secures USD 200 Million Pentagon Contract for AI Development
OpenAI has been awarded a USD 200 million contract by the U.S. Department of Defense to develop artificial intelligence tools for national security applications.
Jun 171 min read


US Says Huawei's AI Chip Output to Stay Below 200,000 Units in 2025 Amid Export Curbs
China’s Huawei Technologies is expected to produce no more than 200,000 advanced artificial intelligence chips in 2025, according to a top U.S. export controls official.
Jun 132 min read


Qualcomm Opens AI Research Centre in Vietnam to Boost Tech Innovation
U.S. chipmaker Qualcomm has launched an artificial intelligence research and development centre in Vietnam, aiming to advance generative and agentic AI technologies across multiple sectors.
Jun 121 min read


Tencent Music to Acquire Ximalaya in USD 2.4 Billion Deal to Expand Audio Content Reach
Tencent Music Entertainment Group will acquire audio platform Ximalaya in a deal valued at approximately USD 2.4 billion, the company announced Tuesday.
Jun 112 min read


OpenAI Revenue Doubles to USD 10 Billion Amid Soaring AI Demand
OpenAI’s annualised revenue run rate has reached USD 10 billion as of June, nearly doubling from USD 5.5 billion in December 2024, the company announced Monday.
Jun 101 min read


Tesla Shares Rebound After Massive Selloff, But Trump-Musk Rift Persists
Tesla shares rose nearly 4% on Friday, recovering some ground after a USD 152 billion selloff triggered by a public feud between CEO Elon...
Jun 91 min read


BYD to Triple South Africa Dealerships Amid Growing EV Demandc
Chinese electric vehicle manufacturer BYD plans to nearly triple its dealership network in South Africa by 2026, aiming to strengthen its presence in Africa’s largest automotive market.
Jun 62 min read


China’s Top EDA Firms Gain Spotlight After US Chip Design Software Ban
China’s leading electronic design automation (EDA) firms—Empyrean Technology, Primarius Technologies and Semitronix—are drawing increased attention following new US export restrictions on chip design tools.
Jun 52 min read


Xiaomi Expects EV Business to Turn Profitable in Second Half of 2025
Xiaomi founder and CEO Lei Jun said the company expects its electric vehicle business to become profitable in the second half of 2025, according to a company spokesperson.
Jun 41 min read


Google Commits USD 500 Million to Compliance Overhaul in Shareholder Settlement
Google will spend USD 500 million over the next decade to revamp its compliance structure as part of a settlement in a shareholder lawsuit accusing the company of antitrust violations.
Jun 32 min read


Apple iPhone Shipments Set to Decline Again in China as Huawei Strengthens Market Position
Apple is expected to face another year of declining iPhone shipments in China, as competition from domestic brands intensifies and economic challenges persist, according to market research firm IDC.
Jun 22 min read


Shanghai Backs Humanoid Robotics with New Policies and Industry Push
Shanghai is accelerating its support for humanoid robotics, hosting a major industry conference and skills competition as part of its broader push into embodied intelligence.
May 302 min read


Xiaomi Shares Climb After Record First-Quarter Profit
Shares of Chinese tech giant Xiaomi were poised to rise 2.3% on Wednesday following the company’s announcement of record first-quarter revenue and profit.
May 291 min read


HP Lowers 2025 Profit Forecast as Tariffs Hit PC Demand, Shares Drop 14%
HP Inc has cut its annual profit forecast for fiscal 2025, citing the impact of U.S. tariffs and a slowdown in the personal computer market, sending its shares down 14% in extended trading.
May 292 min read