Asia Economy Archives

6 Minutes

Technology

Meituan’s KeeTa joins Hong Kong’s food delivery race — but analysts are skeptical

Sources July 4, 2023

HONG KONG, CHINA – MAY 22: A poster promoting ‘KeeTa’ is seen on May 22, 2023 in Hong Kong, China. Chen Yongnnuo | China News Service | Getty Images Chinese food delivery giant Meituan has launched...

3 Minutes

Technology

‘I am a fan of Modi’: Elon Musk on his friendship with Indian Prime Minister Modi

Sources June 21, 2023

Indian Prime Minister Narendra Modi (R) meets with Elon Musk (L) in New York, United States on June 20, 2023. (Photo by Indian Press Information Bureau (PIB) / Handout/Anadolu Agency via Getty Images) Indian...

3 Minutes

Technology

SoftBank to shift from ‘defense mode’ to ‘offense mode,’ says CEO Masayoshi Son

Sources June 21, 2023

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. Kiyoshi Ota | Bloomberg | Getty Images SoftBank Group chairman and CEO Masayoshi Son on Wednesday said that the Japanese investment firm plans...

2 Minutes

Technology

Grab cuts 1,000 jobs, its biggest round of layoffs since the pandemic

Sources June 21, 2023

The headquarters of Grab Holdings Ltd., in Singapore. Grab Holdings Ltd., reported its latest earnings on Feb. 23, 2023. Bryan van der Beek | Bloomberg | Getty Images Singapore-based Grab Holdings is cutting over...

6 Minutes

Technology

TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia

Sources May 26, 2023

A merchant sells crystal ornaments via a live TikTok broadcast. CFOTO | Future Publishing | Getty Images TikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast...

4 Minutes

Technology

China’s tech sector may see fewer regulatory surprises — not zero, says S&P Global Ratings

Sources May 24, 2023

SHANGHAI, CHINA – MAY 10: A visitor takes photos of Ehang 216 electrical vertical take-off and landing (VTOL) autonomous aerial vehicle (AAV) during the Exposition on China Brand 2023 at the Shanghai World Expo...

2 Minutes

Technology

Alibaba to cut 7% of workforce in its cloud unit as it pursues IPO for the division

Sources May 23, 2023

Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Images Alibaba is cutting 7% of...

2 Minutes

Technology

China chip stocks rally after Beijing said U.S. chip giant Micron is ‘major security risk’

Sources May 22, 2023

Micron Technology Double-Data-Rate Synchronous Random-Access Memory (SDRAM) chip Tomohiro Ohsumi | Bloomberg | Getty Images China’s chip stocks rallied on Monday morning following Beijing’s announcement to bar some purchases of products from U.S. memory...

4 Minutes

Technology

Wall Street is bullish on Chinese tech firms, even as recovery is uneven

Sources May 22, 2023

Consumers enjoy themselves at Nanjing Road Pedestrian Street, the busiest commercial tourist landmark in Shanghai, China, May 5, 2023. CFOTO | Future Publishing | Getty Images Analysts are bullish on Chinese big tech firms...

3 Minutes

Technology

Samsung is exploring an ‘offline’ digital currency that works with Galaxy phones

Sources May 16, 2023

A man walks past an ad for the Samsung Galaxy Z Flip4 smartphone at the company’s Seocho building in Seoul on Jan. 31, 2023. Jung Yeon-je | Afp | Getty Images Consumer tech giant...