Hong Kong’s new licensing requirements for crypto exchanges come with greater burdens for exchange operators, but many still want a foothold in the city.
Social networking app WeGoWhere wants people to meet offline
This post was originally published on this siteThe Singapore-based social media platform has just raised US$1.2 million in a seed round led by 500 Global.
Netherlands steps up China chip row with probe into Nexperia’s takeover of Nowi
A new law will allow authorities in the Netherlands to review the Chinese-owned semiconductor maker’s acquisition of the local manufacturer.
TikTok CEO Shou Zi Chew appointed to lead the new social app Lemon8
This post was originally published on this siteByteDance has given TikTok CEO Zhou Shouzi more responsibility, putting him in charge of the new social media app Lemon8, The Information reported, citing people familiar with the matter. Previously, Lemon8 head Stephanie Cheng reported to ByteDance executive Alex Zhu, according to the report. Following the upper management […]
Why tech stocks are thriving on the global stage despite headwinds
In spite of enduring a period of falling earnings, forecasts of recession and rising geopolitical tensions, the technology sector is leading global returns. Drivers of performance include the US pursuing more tech investment, increased focus on supply chains and the explosion of interest in artificial intelligence.
US and EU officials developing guidelines for AI and other new tech but split over China threat
Joint statement at end of Trade and Technology Council meeting dilutes stronger US language on China’s rivalry, but says a draft ‘code of conduct’ for AI will be produced within weeks.
Baidu sets up a $140 million venture capital AI fund
This post was originally published on this siteChinese search giant Baidu said on Wednesday that it will set up a venture capital fund of 1 billion yuan ($140 million) to back start-ups focused on content generated by artificial intelligence applications. The company is also set to launch a competition for developers to build applications using […]
Binance conducts layoffs amid crypto market downturn
This post was originally published on this siteHowever, the cryptocurrency exchange notes that it’s still seeking to fill hundreds of open roles.
Japan’s chip export controls are a major concern for China’s self-sufficiency campaign, analysts say
China’s semiconductor industry faces major pressure from Tokyo’s growing cooperation with the US on chip controls, prompting Beijing response.
Assassin’s Creed publisher Ubisoft to close online store in China as part of ‘strategic adjustment’, commits to launch merchandise through local partners
The Tencent Holdings-backed video game publisher said it will continue to launch merchandise in China in collaboration with licensing partners.
Nvidia founder Jensen Huang warns about China’s resolve to build its own advanced semiconductors
US chip makers must ‘run very fast’ to stay ahead of Chinese competitors, Jensen Huang said during an industry expo in Taipei.
Xiaomi partners with Indian assembler to manufacture mobile phones in India
This post was originally published on this siteContract manufacturer Dixon Technologies announced a partnership with the Indian division of Xiaomi Corp to produce and export phones for the Chinese smartphone maker. The announcement follows Xiaomi India’s announcement that it is collaborating with the electronics company Optiemus to produce wireless audio devices in the country. Xiaomi […]