28 March 2025

Elon Musk’s xAI artificial intelligence firm has acquired Musk’s X, the social media outfit formerly known as Twitter, for US$33 billion. The all-stock deal announced on Friday consolidates two of Musk’s multiple portfolio companies, which also include Tesla and SpaceX, and potentially eases the billionaire’s ability to train his AI model known as Grok. Including […]

Chinese electric-vehicle (EV) companies should speed up their “go global” push regardless of tariffs and barriers set in their path, a former government minister and industry insiders said at a forum on Friday. The country’s auto industry is still in the early stages of globalisation, as brand recognition remains low and carmakers lack overseas experience

US technology giant Google moved to assure developers in China on Friday that its Android mobile operating system (OS) will remain open source after a change to how it publishes its code raised concerns that developers may lose access. Google, owned by Mountain View, California-based Alphabet, sent a notice to its China-based partners to assure

TikTok is set to launch its e-commerce business in Germany, France and Italy on March 31, marking a significant expansion in Europe as the company faces uncertainty in the US around the country’s sell-or-ban law. The short-video app’s TikTok Shop feature, which allows users to buy goods directly on the platform, will be available to

Taiwan is investigating whether China’s leading chipmaker Semiconductor Manufacturing International Corp (SMIC) illegally poached local engineers as part of an effort to access the island’s cutting-edge chip technology. SMIC set up a branch in Taiwan posing as a Samoa-based company and tried to hire local talent, prosecutors from Taiwan’s Investigation Bureau said Friday in a

Chinese fund house Bosera Asset Management (International) and cryptocurrency exchange operator HashKey Group said they plan to launch the world’s first tokenised money market exchange-traded funds (ETFs) in Hong Kong, underscoring the city’s ambition to become a digital-asset hub. The duo said in a statement on Friday that they would add new tokenised share classes