Reuters Asia Business

By Josh Ye HONG KONG (Reuters) – China’s Tencent Holdings said that its self-developed artificial intelligence (AI) model has entered the internal testing stage and is now integrated with multiple internal services and products. In a statement sent to Reuters, Tencent said its foundation AI model named “Hunyuan” has been integrated with a range of …

China’s Tencent says it is internally testing its ‘Hunyuan’ AI model Read More »

BEIJING/SHANGHAI, August 3 (Reuters) – U.S. automaker Tesla sales of its China-made vehicles slumped 31% in July from a month earlier, data from the China Passenger Car Association (CPCA) showed on Thursday, as the company prepared its Shanghai plant for the upcoming new Model 3. The drop was the first month-on-month decline in sales of …

Tesla’s China-made EV sales slump 31% in July m/m Read More »

By Josh Ye HONG KONG (Reuters) – Chinese tech giant Alibaba Group’s cloud computing unit released two open-sourced artificial intelligence (AI) models on Thursday in a bid to take on Meta Platform. The Hangzhou-based company said it has open-sourced two large language models (LLM), a type of AI model, named Qwen-7B and Qwen-7B-Chat on Thursday …

Alibaba rolls out open-sourced AI model to take on Meta’s Llama 2 Read More »

By Sam Nussey TOKYO (Reuters) -Japan’s Nintendo on Thursday said it sold 3.91 million units of its Switch console in the April-June quarter, exceeding sales in the same period a year earlier, boosted by the runaway success of its latest “Zelda” title. Investor sentiment has been buoyed by the breakout success of the “The Super …

‘Zelda’ sales breakout juices Nintendo’s aging Switch Read More »

(Reuters) – Cryptocurrency exchange HashKey on Thursday said it will begin offering its services to retail users in Hong Kong, becoming the first licensed crypto trading exchange in the city to do so. HashKey said it received a licence update from the Hong Kong Securities and Futures Commission, allowing the exchange to expand its business …

Crypto exchange HashKey bags licence update to serve retail users Read More »

By Aditi Shah, Aftab Ahmed and Aditya Kalra NEW DELHI (Reuters) -China’s loss in India could be Elon Musk’s gain. Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China’s BYD, has been stopped cold by increased scrutiny from New Delhi. …

In India, it’s advantage Tesla as Chinese automakers face heat Read More »

TOKYO (Reuters) -Japanese trading houses Mitsubishi Corp and Sumitomo Corp posted declines in first-quarter net profit on Thursday, moving away from record-high earnings as global commodity prices fell. Fossil fuels such as liquefied natural gas and thermal coal have fallen more than 60% and 70%, respectively, in price so far this year, coming off peaks …

Weak fuel prices drag down Japan trading house profit from last year’s records Read More »

By Ernest Scheyder and Eric Onstad (Reuters) – Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world’s two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy, from Apple’s …

World battles to loosen China’s grip on vital rare earths for clean energy transition Read More »