The Taiwanese company, a major assembler of Nvidia servers, reported a 13 per cent fall in net income to NT$46.3 billion (US$1.4 billion). That compared with analysts’ estimates for a 2.3 per cent gain to NT$54.4 billion. Hon Hai’s server manufacturing arm has expanded alongside the boom in demand for the Nvidia chips that drive […]
Foxconn’s profits drop as iPhone sales falter, but AI boom offers hope Read More »
The company, valued at US$2.2 billion according to the 2024 Hurun Global Unicorn List, secured fresh funding from a private equity entity under Shanghai State-owned Capital Investment (SSCI), according to the investment fund. The latest fundraising also involved other investors, according to a Tuesday statement from the Shanghai SSCI Leading Private Equity (PE) Fund Management,
Nvidia challenger Biren secures fresh funding from state-backed investor Read More »
A total of 41 new corporate venture capital funds were registered in the coastal province last year, the highest number among those recorded in 18 mainland provinces in the same period, according to the latest data from CYZone Research Centre in China. Zhejiang has been attracting more investments amid the province’s evolution from e-commerce hub
Venture capital funds flock to China’s eastern Zhejiang province amid hi-tech push Read More »
The new Model Y variant will be 20 per cent cheaper than the existing editions, which are priced from 263,500 yuan (US$36,406) to 303,500 yuan, according to two people with knowledge of the matter. The US carmaker plans to start producing the car next year at its Shanghai factory. The company has also sent engineers
Tesla plans cheaper Model Y, self-driving upgrade to put brakes on China sales slide Read More »
Apple is planning a new AirPods feature that allows the earbuds to live-translate an in-person conversation into another language, according to people with knowledge of the matter. The capability would be offered as part of an AirPods software upgrade due later this year, said the people, who asked not to be identified because the effort
Apple’s AirPods are getting Star Trek-like upgrade with live translation Read More »
Tencent Holdings’ Weixin Pay, a leading digital payment platform in China, is expanding its presence in Southeast Asia to capitalise on the post-Covid surge of mainland tourists, as the company moves to diversify beyond a lacklustre domestic market. “Over the last few years, we received a lot of feedback from merchants in Southeast Asia that
Tencent’s Weixin Pay chases Chinese tourists in Singapore with Sentosa deal Read More »
