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20 Mar Apple CEO Tim Cook goes on a charm offensive in China amid weak iPhone sales in the world’s largest smartphone market

Posted at 14:00h in Asia

Apple chief executive Tim Cook on Wednesday met Chinese video game developers, a filmmaker and the billionaire founder of BYD in Shanghai, ahead of the company’s new store opening in the city, as the US tech giant goes on a charm offensive amid weak iPhone...

14 Mar Fosun Pharma joins Shenzhen government to raise US$700 million healthcare fund to invest in biomedicine innovation

Posted at 11:00h in Asia

One of China’s biggest pharmaceutical producers will team up with Shenzhen’s government to raise a 5-billion yuan (US$700 million) healthcare fund to invest in start-ups and innovations in cellular biology, genetics and other fields related to biomedicine.Fosun Pharma said its subsidiaries, namely Fuxin Shenyao, Fosun...

12 Mar Apple to expand applied research labs in Shanghai and Shenzhen as iPhone sales weaken in world’s largest smartphone market

Posted at 11:30h in Asia

Apple is enlarging its applied research operations in mainland China, as the US technology giant’s iPhone sales slow in the world’s largest smartphone market amid increased competition from Huawei Technologies and other major domestic handset vendors.Cupertino, California-based Apple plans to expand its research centre in...

08 Mar China’s Alipay and WeChat Pay ease the way for foreign travellers to make payments in world’s largest cashless society

Posted at 13:00h in Asia

Alipay’s annual cumulative transaction limit for foreign visitors has also been increased to US$50,000, up from the previous US$10,000 limit, in line with a new People’s Bank of China policy, the group said. 02:40How mobile payments impact people’s lives in ChinaHow mobile payments impact people’s lives...

04 Mar Chinese tech hub Shenzhen to expedite adoption of apps built on Huawei’s HarmonyOS across various industries in 2024

Posted at 11:00h in Asia

The Shenzhen municipal government intends to boost the number of its native apps built on HarmonyOS and push for their adoption across several major sectors, according to a 2024 action plan published on Sunday by the city’s Industry and Information Technology Bureau.Under that initiative, HarmonyOS-based...

03 Mar Tech war: Huawei’s AI chip capabilities under intense scrutiny after market leader Nvidia taps it as potential rival

Posted at 04:00h in Asia

The Ascend 910B is believed to succeed the Ascend 910, which was released by Huawei in August 2019, three months after it was put on a trade blacklist by the US Commerce Department. The chip can compete with Nvidia’s A100 in terms of powering AI...

20 Feb China’s new financial regulator pledges transparency to bring investors back from the brink

Posted at 22:00h in Asia

China’s new financial regulator has made fresh pledges to increase regulatory transparency, stability and predictability, the latest of several attempts to restore investor confidence following a stock meltdown and high-profile personnel changes.The country will benchmark its financial policies against international rules and reduce restrictive measures...

18 Feb Greater Bay Area property market to see brighter days ahead as synergies build in the 11-city bloc

Posted at 03:30h in Asia

Property markets in China’s Greater Bay Area will see an uptick in 2024, as businesses and communities find synergies within the 11-city economic powerhouse which has a GDP of US$2 trillion and a population of 86 million, experts say.While new home sales performance have remained...

05 Feb Huawei reclaims top spot in China’s smartphone sales ranking, its first time back since company was added to US blacklist

Posted at 12:00h in Asia

Huawei Technologies climbed back to the No 1 spot of China’s smartphone market in the initial two weeks of this year, according to a report by research firm Counterpoint, putting more pressure on 2023 industry leader Apple and major mainland rivals...

01 Feb China’s securities regulator raises suspicion of financial fraud committed by chip developer Beijing Zuojiang Technology

Posted at 12:30h in Asia

The China Securities Regulatory Commission (CSRC) said it found the 2023 financial disclosures of Shenzhen-listed Zuojiang to be “seriously untrue” and “suspected [the company] of significant financial fraud”, according to the agency’s statement on Monday about the results of its preliminary investigation.The CSRC said...

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