AI chip company Nvidia was called out by the US Secretary of Commerce Gina Raimondo at the Reagan National Defense Forum in Simi Valley, California during the weekend, warning that any effort to …
BUSINESS
S. Korea vows swift consultations with China over delay of urea exports
South Korea’s trade ministry said Monday it would swiftly consult with the Chinese government over Beijing’s delay of customs procedures for urea exports to Seoul. Choe Nam-ho, a spokesperson for the …
China, Japan, and South Korea Announce Joint AI Cooperation at Foreign Ministers’ Meeting
In a landmark development, China, Japan, and South Korea have pledged to strengthen their cooperation in advanced technology sectors, focusing on big data, blockchain, and artificial intelligence (AI) …
Niche Chinese brands on rise as cosmetics market recovers
According to the 2023 China Skincare Industry Omni-channel White Paper, released by NIQ and GfK, skincare products, a main segment of the cosmetics industry, reached 325.3 billion yuan ($45.6 billion) …
McDonald’s raises China bet, buck Western firms’ derisking trend
The decision by McDonald’s to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky – but the potential pay-off is …
China’s BYD says will keep reward system for smear campaign tipsters
China’s electric vehicle giant BYD said on Sunday it would make permanent its system offering tipsters who report smear campaigns against the company up to 5 million yuan ($700,918).
Global Impact: as uncertainties swirl over South China Sea, joint exercises and heightened tensions reverberate within the neighbourhood
In this issue of the Global Impact newsletter, we look at the latest developments in the disputed South China Sea.
Shein IPO points to improved market sentiment
China-founded fast-fashion giant Shein is reportedly planning an initial public offering (IPO) that would value the company at $90 billion (€82.7 billion). A Shein IPO would be controversial. Shein’s …
South Korea to consult China over urea export delays
South Korea on Monday said it will consult China to prevent disruption to urea supplies after Korean companies reported the fertiliser and emissions reducing chemical was taking longer to pass through …
A China rivalry twist emerges in Sri Lanka’s new US-funded, Indian-built port
The container port terminal being built in Colombo by India’s Adani Group is mostly being paid for with funds from a US government agency Analysts say it hints at a new type of public-private …
Commerce secretary says more money needed to block AI chip exports to China
The U.S. government needs to dramatically increase funding aimed at blocking sensitive artificial intelligence microchip tech exports to China, according to Commerce Secretary Gina Raimondo, who warns …
China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says
“The music industry has been the fastest growing entertainment segment in China with 140% revenue growth between 2019 and 2023,” Morgan Stanley estimates.
Mumbai leads world in number of IPOs as new China listings fall
BENGALURU/HONG KONG — Mumbai is set to become the global leader in new stock market listings this year, with more initial public offerings on its two exchanges than in any financial center in China.
