Asia/Pacific

Beijing Offers Subsidies for Companies That Buy Local AI Chips as China Cuts Reliance on Foreign Technology

Beijing city officials are providing subsidies for businesses that buy artificial intelligence (AI) chips made in China.


India Is Confident More Foreign Players Will Enter the Country's EV Market Due to New EV Policy Measures

The Department of Promotion of Industry and Internal Trade in India is confident that its new EV policy measures will attract and allow more global firms to enter the market...

US Secretary of State Antony Blinken Calls on China to Treat American Companies Fairly During Visit to Shanghai

US Secretary of State Antony Blinken has emphasized the importance of fair treatment for American businesses during his visit to China...

Toyota Teams Up With China's Tencent to Attract Younger Drivers in the Era of AI

Toyota has partnered with Tencent to attract younger drivers in China...


Latest News

Verizon to bid for Yahoo, Yahoo Japan stake
Verizon Communications Inc will bid for Yahoo's web business, while Alphabet Inc's Google unit is also exploring options on bidding for it. Additionally, Verizon may also make an offer for stake in Ya
Asian shares, oil, bonds move up ending bruising week
Oil price, Asian stocks and bond yields were trading marginally higher on Friday ending the week on positive mode. Japanese currency Yen continued to rise against US dollar and this also further aided
Google's Renewable Energy Seed Funding Starts In Taiwan
Google will provide seed funding in Asia's renewable energy that will start off in Taiwan. Through the Center for Resource Solutions, the funds will be used to set up renewable energy certification p
Ashoka Buildcon Staged a Sharp Recovery After 20% Plunge in Stock Market
One of India's largest highway and road developers prepared to recover after a massive loss in Wednesday. The company's stock slumped following the raid of tax officials.
Competition Heats Up In China Between Uber And Didi Which Raised Funding Target to Over $1.5 Billion
Didi's target for funding has raised to $1.5 billion to compete with Uber in China. Didi operates in 400 cities and is expected to accelerate to about 10 million at the end of the year.
Asian markets trade lower as US risk-off sentiment kicks in
Tracking sell-off on Wall Street, Asian markets turned weaker. Renewed growth concerns and effectiveness of central bank policy have worsened the investor sentiment.
Bharat Forge may derate further on lower US orders
Bharat Forge's stock is likely to derate further in the wake of continuous fall in US truck orders. The US class 8 truck order inflows declined 36 percent in March 2016, putting more pressure on earni
Sprint Raises $2.2 Billion Fund Under Complex Transaction Structure
Sprint has announced on Wednesday raising $2.2 billion fund through selling and leasing back of network assets. The complex transaction structure has been facilitated by the internet carrier’s parent
Capital outflows to push emerging markets into crisis, cautions IMF
International Monetary Fund (IMF) has warned that slower growth rates among emerging markets are causing cash outflows and could cause another bout of crisis. Narrowing differential in growth prospect
Goldman Sachs-backed CompareAsiaGroup gets new CEO Sam Allen
Goldman Sachs-backed consumer finance startup CompareAsiaGroup got its new CEO Sam Allen. In 2015, CompareAsiaGroup closed a Series A round of funding led by Goldman Sachs and is planning to go for a
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