Naphjas Inc. |

17 Jan Huawei sets up new smart car unit as it accelerates automotive ambitions in wake of earlier deal with Changan

Posted at 14:00h in Asia

The new company, named Shenzhen Yinwang Intelligent Technology, was set up on Tuesday with a registered capital of 1 billion yuan (US$140.3 million) and is wholly owned by Huawei, according to records on business registry information platform Tianyancha.The records show that the new firm’s business...

17 Jan Hong Kong airport operator’s retail bonds take off on first day of sales, HSBC and BOCHK say

Posted at 11:10h in Asia

In fact, demand for the notes matched the popularity of the Hong Kong government’s green bonds issued in September last year, according to HSBC, Hong Kong’s biggest bank and a co-arranger of the deal.“Compared to the retail green bond issuance by the Hong Kong government...

17 Jan China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

Posted at 10:00h in Asia

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said.Increased collaboration between China’s major internet companies are expected to not only benefit consumers, but help further expand the industry, according...

17 Jan Saudi Arabia is eying a ‘sizeable’ investment to kick off kingdom’s foray into semiconductors

Posted at 09:03h in Asia

Saudi Arabia’s sovereign wealth fund is planning to make big investments in both the semiconductor and space industries this year as the kingdom accelerates efforts to diversify its economy away from oil.The Public Investment Fund is looking at making a “sizeable investment” this year into...

17 Jan Hong Kong IPO pipeline grows as Chinese restaurant chain Xiaocaiyuan files listing application

Posted at 09:01h in Asia

Mainland Chinese restaurant chain Xiaocaiyuan International Holding has filed an initial public offering (IPO) application in Hong Kong, hoping to raise funds to expand its branch network offering fare from the eastern Anhui province.The Tongling, Anhui-based chain joins a handful of companies, mostly from the...

17 Jan Huawei chases enterprise clients in South Korea as consumers hold onto Samsung, Apple smartphones

Posted at 09:00h in Asia

This article was first published by The Korea Times in a partnership with the South China Morning Post.Chinese telecommunications equipment giant Huawei Technologies is poised to make a comeback in the global smartphone market this year, but in South Korea, the company must contend with...

17 Jan Opinion | Should we let AI take over mundane work? Not so fast

Posted at 08:30h in Asia

However, generative AI has its limitations. Because the content it produces is generated from a complex large-language model instead of logically developed and based on facts, AI sometimes “hallucinates”, that is, produces incorrect or misleading results, due to insufficient training data, bias and incorrect assumptions....

17 Jan Singapore cuts supply of new public flats to the fewest since 2021 as HDB fiddles with pipeline to ease housing prices

Posted at 08:26h in Asia

Singapore’s Housing & Development Board (HDB) has announced that it would launch about 19,600 new flats this year over three Build-To-Order (BTO) exercises.This is the fewest number of new flats offered since 2021. For comparison, 17,100 flats were available in 2021; 23,200 flats in 2022;...

17 Jan Chinese traders ignore warning in chase for Japanese stocks, bidding ETF to daily limit of 10%

Posted at 07:39h in Asia

Chinese investors have ignored a warning from the issuer of the largest onshore exchange-traded fund (ETF) tracking the Japanese market, bidding the fund higher as they chase gains in the stocks.The China AMC Nomura Nikkei 225 ETF rose to the daily limit of 10 per...

17 Jan ‘Chronic disappointment’: global funds make big cut in China stock allocation amid entrenched pessimism on economy, policies

Posted at 06:30h in Asia

More global fund managers are turning away from Chinese stocks due to “chronic disappointment” with the economic outlook and market slump, trimming their allocations by the most since April, according to a Bank of America survey. Japan remains the undisputed favourite market.Investors cut the...

Asia