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The logo of Chinese online budget shopping app Pinduoduo pictured next to its mobile app on July 17, 2018. Photo: Reuters

Big Tech

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.

China’s Hua Hong Semiconductor to make auto chips for Europe’s STM

China’s second-richest man blasts Pinduoduo for hurting domestic brands

Big Tech

Baidu’s 3rd-quarter revenue falls 3% as economic woes hit ad spending

The internet search giant pulled in US$4.6 billion in the September quarter, with a decline in online marketing outpacing AI growth.

The logo of Baidu seen during the World Internet Conference in Wuzhen on November 23, 2020. Photo: Reuters
The logo of Baidu seen during the World Internet Conference in Wuzhen on November 23, 2020. Photo: Reuters

Big Tech

Alibaba merges domestic, global e-commerce units amid intensifying competition

The new group brings together Taobao and Tmall Group, Alibaba International and a slew of other e-commerce operations.

Big Tech

Apple’s iPhone sales fall during China’s Singles’ Day shopping festival: report

The event’s two-week sales period saw ‘a double-digit, year-on-year decline’ in iPhone sales amid stiff competition from Chinese rivals.

Tech Trends

China surpasses Germany, Japan in industrial robotics adoption density: report

The data reflects the success of China’s industrial automation strategy, as part of broader efforts to upgrade its industrial economy.

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Technicians inspect a welding robot at a pipeline workshop of the China Offshore Oil Engineering Company in Tianjin, October 30, 2024. Photo: Xinhua

Blockchain

Bitcoin hits US$97,000 as crypto sector seeks White House post

The world’s largest digital asset reaches an all-time high in Asia on Thursday.

US President-elect Donald Trump at the Bitcoin 2024 event in Nashville, Tennessee, in July. Photo: Reuters
US President-elect Donald Trump at the Bitcoin 2024 event in Nashville, Tennessee, in July. Photo: Reuters

Big Tech

Alibaba CEO highlights AI advancement at China’s internet forum

The agenda at this year’s Wuzhen summit focuses heavily on AI, as China’s tech rivalry with the US grows.

Big Tech

Meituan aims to launch meal deliveries by drones in Hong Kong

The meal delivery giant joins a slew of Chinese tech giants vying for new growth in Hong Kong.

Big Tech

Alibaba pulls in US$5 billion from dual-currency bond offering

The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.

The net proceeds from Alibaba Group Holding’s latest bond offering will be used for general corporate purposes, including repayment of offshore debt and share buy-backs. Photo: Shutterstock

Policy

China’s Xi talks cyber unity as US seeks AI ‘Manhattan Project’

In video speech delivered to the annual World Internet Conference, Xi Jinping called for ‘inclusive’ cyberspace development as US-China fissures widen.

Chinese President Xi Jinping delivers remarks via video to the 2024 World Internet Conference, which opened in Wuzhen on November 20. Photo: Xinhua
Chinese President Xi Jinping delivers remarks via video to the 2024 World Internet Conference, which opened in Wuzhen on November 20. Photo: Xinhua

Tech War

Beijing chip forum attendees mull impact of TSMC block, second Trump term

At the 21st China International Semiconductor Expo, industry experts weighed in on the challenges and opportunities ahead in domestic chipmaking.

Tech Trends

Chinese AR start-up Rokid puts Alibaba AI in smart glasses to take on Meta

Rokid’s US$345 smart glasses are the latest from China to adopt generative AI to capitalise on the burgeoning product category.

Big Tech

Baidu cuts self-driving vehicle costs to US$34,525 as mass production ramps up

Baidu chief executive Robin Li said the RT6 is now the world’s only mass-produced Level-4 autonomous driving vehicle.

Baidu says the RT6 is the world’s only mass-produced, Level-4 autonomous-driving vehicle. Photo: AP

Big Tech

Meituan-owned Keeta, video game AFK Journey among Google’s ‘Best of 2024’ apps

The latest recognition received by Keeta and AFK Journey reflect the increased sophistication of China’s app developers.

Google Play, the official online store for Android-based apps. Photo: Shutterstock
Google Play, the official online store for Android-based apps. Photo: Shutterstock

Big Tech

iPhone maker Foxconn partners with Nvidia on AI-driven factories

Foxconn is partnering with Nvidia to develop so-called digital twins to help build advanced facilities around the world.

Tech Trends

Nvidia is helping Google design quantum computing processors

Google’s Quantum AI division will use Nvidia’s Eos supercomputer to speed up the design of quantum components.

Big Tech

Hong Kong-founded maker of Nvidia graphics cards moves to Singapore

The 27-year-old company said it has moved its headquarters to Singapore, where it made a secondary listing, amid chip supply chain pressure.

Zotac graphics card housing an GeForce RTX 4090, Nvidia’s top-of-the-line consumer chip that is banned from export to China. Zotac is one of the main brands from PC Partner. Photo: Handout

Tech Trends

Warner’s Max launches in Asia, taking on Netflix in Hong Kong

The US streaming service is gunning for the top-three position in its new Asian markets, WBD CEO JB Perrette says.

Warner Bros Discovery is bringing its Max streaming service to Hong Kong, along with content such as the Harry Potter series. Photo: Handout
Warner Bros Discovery is bringing its Max streaming service to Hong Kong, along with content such as the Harry Potter series. Photo: Handout

Big Tech

Southeast Asia is the new Singles’ Day battleground as lustre fades in China

Promotions from Chinese e-commerce platforms are infiltrating people’s lives across the region, where e-commerce is seeing explosive growth.

Tech War

China’s chip production slows in October amid threat of new US sanctions

Although production growth slowed to 11.8 per cent in October, semiconductors remain one of China’s fastest-growing industries this year.

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Tech Trends

Shenzhen unveils national centre for third-generation semiconductor materials

The Shenzhen platform is part of the National Third-Generation Semiconductor Technology Innovation Centre, first launched in 2021.

A staff member at the workshop of TankeBlue Semiconductor, a Beijing-based firm that specialises in third generation semiconductors. Photo: Xinhua
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