Breaking News: Asia Archives

3 Minutes

Technology

Tencent posts fastest jump in quarterly revenue in more than a year after China reopens

Sources May 17, 2023

Chinese tech giant Tencent released quarterly results Wednesday. Nurphoto | Nurphoto | Getty Images Tencent reported an 11% jump in quarterly revenue Wednesday, marking its fastest growth in more than a year, as the...

2 Minutes

Technology

SoftBank posts record $32 billion loss at its Vision Fund tech investment arm

Sources May 11, 2023

SoftBank has faced headwinds in its Vision Fund investment division due to a fall in technology company valuations amid rising interest rates. Kiyoshi Ota | Bloomberg | Getty Images SoftBank recorded a record loss...

3 Minutes

Technology

Nintendo Switch sales plunge 22% and the gaming giant expects further declines

Sources May 9, 2023

Nintendo is hoping key games such as Mario and Zelda will help it keep players interested in its ageing Switch console series. Charly Triballeau | AFP | Getty Images Nintendo reported a fall in...

5 Minutes

Technology

Apple opens its first store in India as it looks for a new generation of iPhone users

Sources April 18, 2023

A view of Apple’s first company-owned store in India to be launched inside the Jio World Drive mall at Bandra Kurla Complex (BKC) in Mumbai. Ashish Vaishnav | Sopa Images | Lightrocket | Getty...

3 Minutes

Technology

Alibaba to roll out its rival to ChatGPT across all its products

Sources April 11, 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 Cloud, the cloud computing...

2 Minutes

Technology

Alibaba to split into 6 units and explore IPOs; shares pop 6%

Sources March 28, 2023

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest...

1 Minute

Technology

Baidu says it can now operate robotaxis in Beijing with no human staff inside

Sources March 17, 2023

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu announced Friday it can now operate robotaxis in...

3 Minutes

Technology

Baidu shares drop to 8-week lows after company reveals ChatGPT rival

Sources March 16, 2023

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — Chinese tech company Baidu on Thursday gave the...

1 Minute

World

China to increase defense spending by 7.2%

Sources March 5, 2023

China’s air force shows off its L15 Falcon trainer at the Zhuhai Air Show in 2022. The country has a deal to export the aircraft to the United Arab Emirates. Future Publishing | Future...

1 Minute

World

China sets GDP target of ‘around 5%’ for 2023

Sources March 5, 2023

China’s economy is widely expected to grow by more than 5% this year. Vcg | Visual China Group | Getty Images BEIJING — China set a growth target of “around 5%” for 2023, according...