Business

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

FlightAware Withdraws Lawsuit Against Kalshi Over Flight-Cancellation Betting Markets

FlightAware has dropped its lawsuit accusing prediction-market platform Kalshi of using its data without authorization to power flight-cancellation betting

AbCellera Launches $200 Million Stock Offering, Pulling Shares Down After 44% Surge

AbCellera Biologics shares reversed after the company launched a $200 million public offering, unwinding a 44% rally driven by its hot flash treatment prog

Norway Wealth Fund Reveals $1.2 Billion SpaceX Stake, Posts Record $184 Billion Profit

Norway's sovereign wealth fund disclosed a $1.2 billion SpaceX stake for the first time while posting a record $184 billion profit.

Houthi Attack Kills Six on Cargo Ship in Bab al-Mandeb Strait

Six crew members were killed after a suspected Houthi attack set an Egyptian-owned cargo ship ablaze in the Bab al-Mandeb strait, the first Red Sea shippin

China’s Yutu-2 Lunar Rover: A Mesmerizing Panorama from the Moon

On the day that marks one of China's most cherished festivals, the Mid-Autumn or Moon Festival, the Chinese lunar rover, Yutu-2, sent back captivating...

China’s Stand Against U.S. Export Controls and Sanctions: A Deep Dive into the Ongoing Trade Dispute

In a statement issued by China's Ministry of Commerce on a Wednesday, the Chinese government has once again voiced its strong opposition to the...

Artistry in Hangzhou: Immortalizing the 19th Asian Games through Traditional Crafts

The 19th Asian Games, a monumental sporting event, have captured the hearts and minds of millions in Hangzhou, Zhejiang, and around the world. This...

Hollywood’s Groundbreaking Labor Deal: AI Rights and Writer Recognition

In a significant development for the entertainment industry, Hollywood studios and the Writers Guild of America (WGA) have reportedly forged a tentative labor agreement...

China’s Milestone: Yaogan-33 04 Satellite Launched Successfully

In an impressive display of technological prowess and space exploration capabilities, China celebrated another milestone as it sent its latest remote sensing satellite, Yaogan-33...

China’s Industrial Robot Revolution: Record 2022 Installations and Global Impact

Title: China's Robotic Revolution: A Closer Look at Record Installations in 2022 Introduction In a pivotal year for automation, China made headlines in 2022 by achieving...

China’s First Cross-Sea High-Speed Railway: Transforming Fujian’s Connectivity

China has reached a historic milestone in its railway infrastructure development, with the inauguration of the nation's first cross-sea high-speed railway. Designed to achieve...

China’s New-Energy Light Rail Trains Journey to Argentina: A BRI Milestone

Two cutting-edge new-energy light rail trains manufactured by a prominent Chinese company embarked on a momentous journey from Jiangsu Province in east China to...

HKEX Amplifies Green Standards & Supports Sustainable Tech

Hong Kong Exchanges and Clearing (HKEX), under the guidance of its chairwoman Laura Cha Shih May-lung, is ramping up its climate-related information disclosure standards....

DNA Testing Identifies Smoker Responsible for Burning Baby in China

In an alarming incident in Zhengzhou, the capital city of China's central Henan province, a carelessly discarded cigarette butt from a tall building resulted...

Apple’s Image Stirs Historic Sentiments in China: From Braids to Brand Sensitivity

Apple recently found itself in the midst of a cultural debate in China due to a seemingly innocuous image of an Apple Watch specialist...

Honor Opts for MediaTek & Qualcomm Chips, Distancing from Huawei’s Approach

Honor, once a part of Huawei Technologies, has firmly stated that it will not be venturing into creating its own system-on-a-chip (SoC) solutions. Instead,...

Intel’s Gaudi2 AI Chips Witness Surging Demand in China Amid Tech Race

Intel Corp, the American tech behemoth, is witnessing skyrocketing demand for its AI-centric chips from clients in China. Mainland companies are keen to bolster...

Nio’s Smart Move: Introducing a Smartphone Designed for Its EVs

In a move to redefine automotive innovation, Nio, a leading Chinese electric vehicle (EV) start-up, has launched a smartphone specifically designed as an accessory...

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