China Mobile said on Monday it had offered to acquire HKBN in a deal valuing the Hong Kong-based broadband company at HK$6.86 billion ($882 million), as it looks to counter a move from a private…
Monthly Archives For December 2024
US Unveils Fresh Export Curbs Targeting China’s Chip Sector
The United States announced new export restrictions Monday taking aim at China’s ability to make advanced semiconductors — used in weapon systems and artificial intelligence — as competition deepens …
Donovan’s Deep Dives: The rising dangers of doing business in China
Musk flew to Beijing to beg to get Tesla’s Full Self-Driving (FSD) system, its autonomous driving software, approved. Though reportedly Tesla in China does maintain a high profit margin, its market share has shrunk dramatically,…
China’s central bank revises statistical scope of M1
The People’s Bank of China (PBC), the central bank, announced on Monday that it will implement a revised statistical scope for M1 starting from January 2025. The revision of the M1 statistical scope …
U.S. ratchets up sanctions to curtail China’s AI and military tech — no more HBM memory for China
U.S. sanctions designed to restrict China’s ability to import technologies to advance of its AI and military capabilities have been strengthened for the third time.
Biden takes a parting swing at China’s chip industry ahead of Trump’s 2nd term
The US has introduced export restrictions on 140 Chinese semiconductor companies to curb the growth of the country’s AI industry.
READ: House COVID-19 pandemic committee’s final report
The House Oversight and Accountability Committee’s COVID-19 panel issued its final report on Monday ahead of a hearing this week. The report yields five points of bipartisan consensus and seven …
Fear of missile use behind US curbs on China – 2 Dec 2024
Expert says the key motivator behind the new US curbs on semiconductor exports to China is risk of missile use.
ASML studying new U.S.-China export rules, including software restrictions
Computer chip equipment maker ASML said it does not expect new U.S. restrictions on semiconductor exports to China, announced on Monday, to hit long-term demand for its products but it is studying the …
Mao Geping Cosmetics to debut in Hong Kong with US$270 million IPO as C-beauty ascends
Namesake founder rose to prominence as a make-up artist who helped Liu Xiaoqing play an empress who aged from 15 to 80 years in a TV drama.
Biden tightens tech controls on China as clock ticks down
The Biden team unveiled its first round of high-tech export controls against China in October 2022, shortly after national security adviser Jake Sullivan announced that the United States was shifting from the old approach of…
China reveals secrets of 1st sample taken from the far side of the moon — and it contains a volcanic surprise
Active volcanoes were erupting on the far side of the moon 2.8 billion years ago, the first lunar samples returned from the far side reveal.
Latest US strike on China’s chips hits semiconductor toolmakers
The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves.
