Rolls-Royce, a leading British provider of power and propulsion solutions, has partnered with Chinese battery manufacturer Contemporary Amperex Technology Co Ltd (CATL) to introduce CATL’s new TENER product line in the European Union and the United Kingdom. This collaboration marks a significant step in advancing energy storage technology in these regions. CATL’s TENER product line … Read more
Allianz Global Investors (AllianzGI), a division of Europe’s largest insurer Allianz, is subscribing to a new share issuance by Guomin Pension, securing a 2% stake in one of China’s leading private pension market players. This strategic move allows AllianzGI to invest in China’s burgeoning private pension sector, marked by a rapidly aging population. AllianzGI is … Read more
Bangkok, June 22, 2024 – BYD celebrated a significant milestone with the opening of its 108th store in Thailand, marking its 300th in the Asia-Pacific region. This expansion underscores BYD’s commitment to the Thai market and highlights the growing influence of Chinese electric vehicles (EVs) in the region. Ke Yubin, Assistant General Manager of BYD … Read more
The United States government is pushing for the forced sale of TikTok, owned by Chinese tech giant ByteDance, citing security concerns. However, this narrative crumbles under scrutiny. Despite complying with US regulations, TikTok, valued at a staggering $300 billion, faces the possibility of a ban, raising questions about the true motives behind this push. There’s … Read more
The United States Department of Justice filed a major lawsuit against Apple this morning, accusing the tech giant of anticompetitive practices related to its iPhone dominance. Joining the federal department were sixteen state attorneys general. The lawsuit centers on Apple’s smartphone ecosystem, which the DOJ claims stifles competition. One key piece of evidence is the … Read more
Ping An Insurance, China’s largest insurer by market capitalization, reported its 2023 earnings, revealing a 23% year-on-year decline in net profit to 85.67 billion yuan (US$11.9 billion). This marks the company’s lowest earnings in five years, according to revised data reflecting new accounting standards. Despite the drop in net profit, Ping An’s core insurance business … Read more
Saudi Arabia is throwing its hat into the ring of the global AI race, with a staggering $40 billion investment aimed at transforming the kingdom into a hub for artificial intelligence. This move comes amidst a growing trend in the region, with the United Arab Emirates also making significant strides in AI development. The sheer … Read more
The battle for dominance in artificial intelligence (AI) has a new battleground: humanoid robots. As Nvidia CEO Jensen Huang says, building the foundational models for these robots is “one of the most exciting problems to solve in AI today.” This rapidly growing field, however, is a double-edged sword, attracting both fervent investment and significant skepticism. … Read more
In a surprising turn of events, tech giants Apple and Google, long-time rivals, might be joining forces on the cutting edge of artificial intelligence. Reports suggest Apple is in talks to license Google’s AI chatbot, Gemini, potentially integrating it into future iPhones. While neither company has confirmed the discussions, the news sent ripples through the … Read more
