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Apple Supplier Luxshare Weighs Manufacturing in US to Tackle Tariffs
Apple supplier Luxshare is deliberating if it should shift more of its production outside China responding to US tariffs. The remarks by the Chinese company provide a glimpse into deliberations by companies around the world scrambling to tackle President Donald Trump's tariffs that took effect on Wednesday.
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Ubisoft Forms New Subsidiary for Assassin's Creed, Far Cry and Rainbow Six Franchises Backed by Tencent
Ubisoft is forming a new dedicated subsidiary for its core IPs of Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six in an effort to transform its operations, the company announced Thursday. The new entity will be backed by a €1.16 billion investment from Chinese conglomerate Tencent, which will hold a minority stake in the subsidiary.
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Canada Orders Shutdown of TikTok's Business in Country, App Access to Continue
Under Canadian law, the government can assess potential risks to national security from foreign investments, such as the TikTok proposal. The law prevents the government from revealing the details of such investments.
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BYD and other Chinese Manufacturers Reportedly Looking to Double Overseas Capacity
Amidst the ever growing competition in China, Companies like BYD and other manufacturers are investing heavily in European plants.
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Foxconn to Invest Over $1.5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports
Apple supplier Foxconn will invest over $1.5 billion (roughly Rs. 12,500 crore) in India as the company looks to expand production of Apple's iPhone in the country, according to a report. The move comes a year after the Taiwanese firm's factories in China were severely impacted by the country's strict COVID-19 restrictions in 2022. The company also...
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Chinese Firms To Invest Nearly $1 Billion In Northern Mexico
A Chinese supplier for Tesla and a Chinese technology company will invest nearly a billion dollars in the northern Mexican state of Nuevo Leon where the automaker is planning a new factory.
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Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
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TikTok CEO Grilled Over Security Concerns in Hearing With US Lawmakers
US lawmakers at a congressional hearing on Thursday accused TikTok of serving harmful content and inflicting "emotional distress" on young users, grilling the Chinese-owned app's CEO on the company's outsized influence on teens. Chew, in his first appearance before Congress, testified that while the "vast majority" of TikTok users are over the age...
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Baidu's ‘State of the Art’ ChatGPT-Like AI Chatbot Will Revolutionise Its Search Engine, Says CEO
Baidu, which has invested heavily in artificial intelligence in recent years, is regarded as at the forefront of efforts to create a Chinese rival to the AI platform developed by OpenAI and backed by Microsoft Corp.
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"Russia Is Storm, China Is Climate Change": Germany Spy Chief
Germany's intelligence service chiefs warned on Monday that China could use stakes in critical infrastructure as leverage to pursue political aims amid a debate in Berlin over whether to let Chinese shipping company Cosco invest in Hamburg port.
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China Lashes Out Against New US Chip Export Rules Aimed at Hobbling Its Semiconductor Industry
China has lashed out at the newly announced US export controls that are aimed at making it difficult for the semiconductor industry in China to gain access to or manufacture advanced, high-performance computing chips and semiconductor manufacturing equipment. The US also announced license requirements for items that would be used in a supercomputer...
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China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains
China has opposed the US CHIPS and Science Act, calling the $52 billion (roughly Rs. 4,11,300 crore) measure a threat to trade and an attack on Chinese business. The country criticised the newly passed act on Wednesday, saying parts of the law “restrict companies’ normal investment and economic and trade activities in China”.
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China Greentech Company Envision To Build EV Battery Plant In Spain
Spain has signed a partnership agreement with Chinese green energy company Envision Group to embark on four projects, including a battery plant for electric cars, with 3.8 billion euros ($3.9 billion) in total investment, partly funded by European Union aid.
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Alibaba Said to Cut Over One-Third Deals Team Staff After Regulatory Crackdown
Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.
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Foxconn Needs Government Approval for China Chip Firm Investment, Taiwan Says
Foxconn would need permission from the government of Taiwan if the world’s largest contract electronics manufacturer were to invest in Chinese chip conglomerate Tsinghua Unigroup, according to a government official. According to reports, the Taiwan-based firm plans to spend CNY 9.8 billion (roughly Rs. 11,600 crore) for a stake in Unigroup.
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Apple Supplier Luxshare Weighs Manufacturing in US to Tackle Tariffs
Apple supplier Luxshare is deliberating if it should shift more of its production outside China responding to US tariffs. The remarks by the Chinese company provide a glimpse into deliberations by companies around the world scrambling to tackle President Donald Trump's tariffs that took effect on Wednesday.
-
Ubisoft Forms New Subsidiary for Assassin's Creed, Far Cry and Rainbow Six Franchises Backed by Tencent
Ubisoft is forming a new dedicated subsidiary for its core IPs of Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six in an effort to transform its operations, the company announced Thursday. The new entity will be backed by a €1.16 billion investment from Chinese conglomerate Tencent, which will hold a minority stake in the subsidiary.
-
Canada Orders Shutdown of TikTok's Business in Country, App Access to Continue
Under Canadian law, the government can assess potential risks to national security from foreign investments, such as the TikTok proposal. The law prevents the government from revealing the details of such investments.
-
BYD and other Chinese Manufacturers Reportedly Looking to Double Overseas Capacity
Amidst the ever growing competition in China, Companies like BYD and other manufacturers are investing heavily in European plants.
-
Foxconn to Invest Over $1.5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports
Apple supplier Foxconn will invest over $1.5 billion (roughly Rs. 12,500 crore) in India as the company looks to expand production of Apple's iPhone in the country, according to a report. The move comes a year after the Taiwanese firm's factories in China were severely impacted by the country's strict COVID-19 restrictions in 2022. The company also...
-
Chinese Firms To Invest Nearly $1 Billion In Northern Mexico
A Chinese supplier for Tesla and a Chinese technology company will invest nearly a billion dollars in the northern Mexican state of Nuevo Leon where the automaker is planning a new factory.
-
Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
-
TikTok CEO Grilled Over Security Concerns in Hearing With US Lawmakers
US lawmakers at a congressional hearing on Thursday accused TikTok of serving harmful content and inflicting "emotional distress" on young users, grilling the Chinese-owned app's CEO on the company's outsized influence on teens. Chew, in his first appearance before Congress, testified that while the "vast majority" of TikTok users are over the age...
-
Baidu's ‘State of the Art’ ChatGPT-Like AI Chatbot Will Revolutionise Its Search Engine, Says CEO
Baidu, which has invested heavily in artificial intelligence in recent years, is regarded as at the forefront of efforts to create a Chinese rival to the AI platform developed by OpenAI and backed by Microsoft Corp.
-
"Russia Is Storm, China Is Climate Change": Germany Spy Chief
Germany's intelligence service chiefs warned on Monday that China could use stakes in critical infrastructure as leverage to pursue political aims amid a debate in Berlin over whether to let Chinese shipping company Cosco invest in Hamburg port.
-
China Lashes Out Against New US Chip Export Rules Aimed at Hobbling Its Semiconductor Industry
China has lashed out at the newly announced US export controls that are aimed at making it difficult for the semiconductor industry in China to gain access to or manufacture advanced, high-performance computing chips and semiconductor manufacturing equipment. The US also announced license requirements for items that would be used in a supercomputer...
-
China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains
China has opposed the US CHIPS and Science Act, calling the $52 billion (roughly Rs. 4,11,300 crore) measure a threat to trade and an attack on Chinese business. The country criticised the newly passed act on Wednesday, saying parts of the law “restrict companies’ normal investment and economic and trade activities in China”.
-
China Greentech Company Envision To Build EV Battery Plant In Spain
Spain has signed a partnership agreement with Chinese green energy company Envision Group to embark on four projects, including a battery plant for electric cars, with 3.8 billion euros ($3.9 billion) in total investment, partly funded by European Union aid.
-
Alibaba Said to Cut Over One-Third Deals Team Staff After Regulatory Crackdown
Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.
-
Foxconn Needs Government Approval for China Chip Firm Investment, Taiwan Says
Foxconn would need permission from the government of Taiwan if the world’s largest contract electronics manufacturer were to invest in Chinese chip conglomerate Tsinghua Unigroup, according to a government official. According to reports, the Taiwan-based firm plans to spend CNY 9.8 billion (roughly Rs. 11,600 crore) for a stake in Unigroup.
