Reuters Asia Business

By Liam Mo and Fanny Potkin BEIJING/SINGAPORE (Reuters) -Nvidia is developing a new artificial intelligence chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said. U.S. President Donald Trump last week opened the …

Exclusive-Nvidia working on new AI chip for China that outperforms the H20, sources say Read More »

By Luciana Magalhaes and Patricia Vilas Boas SAO PAULO (Reuters) -A Brazilian subsidiary of China’s ride-hailing company DiDi Global sued Chinese rival Keeta on Monday in a Sao Paulo court alleging trademark infringement and unfair competition, according to court documents seen by Reuters. The lawsuit comes days after Keeta, which is entering the Brazilian market, …

Chinese firms in legal battle over Brazil food delivery Read More »

By Jaspreet Singh, Max A. Cherney and Anton Bridge (Reuters) -Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S. chipmaker in the middle of a turnaround. The equity investment, announced by the companies on Monday, is a lifeline for the once-iconic U.S. firm …

Intel gets $2 billion lifeline in the form of SoftBank equity investment Read More »

By Che Pan and Brenda Goh BEIJING (Reuters) -A rise in shipments of smartphones, especially in Southeast Asia, helped to boost Xiaomi’s second-quarter revenue by 30.5%, the smartphone and EV company said on Tuesday, against the backdrop of a sluggish global market. Xiaomi President Lu Weibing, however, slightly lowered the company’s target on smartphone shipments to …

Xiaomi’s second-quarter revenue up 30.5%, boosted by smartphone shipment Read More »

By Sam Li and Lewis Jackson (Reuters) -China’s exports of refined oil products in July rose 7.1% from last year, according to customs data, maintaining the strong momentum from last month and recording the highest monthly total since June 2024. The category, which includes diesel, gasoline, aviation fuel, and marine fuel, recorded an export level …

China’s July refined oil yearly exports up 7.1%, hit 13-month high Read More »

SHANGHAI (Reuters) -China’s Pop Mart, which has taken the world by storm with its ugly-cute Labubu doll, reported a nearly 400% first-half net profit on Tuesday on high demand for the toys and a shift towards higher-margin overseas markets. Net profit of 396.5% and a 204.4% jump in revenues exceeded numbers flagged in an earnings …

China’s Pop Mart, maker of the Labubu doll, says profit soars nearly 400% in first half Read More »