By Michael Martina, David Brunnstrom SAN FRANCISCO (Reuters) -U.S. President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world’s most dangerous rivalry. The leaders of the world’s two …
What to expect when Biden meets Xi Jinping in San Francisco Read More »
BEIJING (Reuters) – A unit of Beijing-based automaker BAIC Group has applied for manufacturing approval for two Xiaomi-branded electric vehicles (EVs), China’s industry ministry website showed on Wednesday. Xiaomi was not among the latest list of companies filing for industry ministry regulatory approval to make EVs though. The Xiaomi-branded EVs came after the state planner …
BAIC unit applies for manufacturing approval for Xiaomi-branded EVs Read More »
By Josh Ye HONG KONG (Reuters) -TikTok owner ByteDance is discussing the sale of its gaming unit Moonton Technology with potential buyers, two years after it acquired the Shanghai-based studio in a deal that valued it at $4 billion, five people familiar with the matter said. Shanghai-based Moonton, which has developed the popular mobile game …
BEIJING (Reuters) – The head of one of China’s leading AI firms, Baidu, warned on Wednesday that the fervor rushing to develop large language models in China could lead to a waste of resources, saying firms needed to focus their efforts on developing practical applications. Robin Li made his comments at an industry forum in …
Baidu CEO warns China’s rush to develop AI models risks wasting resources Read More »
By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings said third-quarter revenue climbed 10%, as its games business staged a robust recovery from a regulatory crackdown on the country’s tech sector. Sales for the world’s largest video game company and operator of the WeChat messaging platform came in at 154.6 billion yuan ($21.4 billion) for …
Tencent posts strong revenue growth as games sales recover Read More »
BANGKOK (Reuters) – Thailand will receive 300 billion baht ($8.46 billion) worth of investment from Amazon Web Services (AWS), Google and Microsoft, a government spokesperson said on Wednesday. The companies will invest 100 billion baht each, Chai Wacharonke said. AWS plans to build a data centre with a budget of $5 billion over 15 years, …
Thailand to receive $8.5 billion worth of investment from AWS, Google, Microsoft Read More »
By Alexandra Alper WASHINGTON (Reuters) – Chinese companies are buying up U.S. chipmaking equipment to make advanced semiconductors, despite a raft of new export curbs aimed at thwarting advances in the country’s semiconductor industry, a congressional report said on Tuesday. The 741 page annual report, released by the House of Representative’s bipartisan select committee on …
China receives US equipment to make advanced chips despite new rules-report Read More »
(This Nov. 13 story has been corrected to remove reference to China in the headline, to clarify that TikTok is Chinese-owned in paragraph 1, and add details about TikTok’s parent company in paragraph) By Gopal Sharma KATHMANDU (Reuters) – Nepal said on Monday it would ban Chinese-owned TikTok, adding that social harmony and goodwill were …
Nepal to ban TikTok, alleges damaging social impact Read More »
By Yelin Mo and Brenda Goh BEIJING (Reuters) – Strong sales growth at Huawei helped power an 11% rise in China’s total smartphone shipments in October, data from research firm Counterpoint showed on Tuesday, indicating signs of recovery in its lagging mobile market. Huawei was a major contributor to the average year-on-year growth in the …
Huawei sales up 83%, boosting China’s October smartphone sales Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – Most Chinese companies operating in the European Union are feeling a pinch from the bloc’s de-risking strategy, but still see more opportunity than challenge in Europe’s green and digital transitions, according to a survey published on Tuesday. The survey for the China Chamber of Commerce to the EU, conducted …
Chinese companies still see promise in EU despite de-risking – survey Read More »
