The social media and video gaming giant saw revenue rise 6 per cent in the first quarter, with online advertising revenue growing 26 per cent year.
The deal, unveiled on Tuesday, marks one of the biggest takeovers in Taiwan outside the semiconductor industry.
The success of the station could have big implications for the industry, as the new technology is seen as a promising alternative to resource-dependent lithium batteries.
Stocks retreated from the highet level since August, taking a breather after surpassing the 19,000-point level. Gains in tech leaders such as Alibaba and Tencent tempered losses among developers and casino operators.
Douyin, the Chinese version of TikTok, has taken steps to ensure certain influencers are directly responsible for commercial content on their channels, a move could put a dent in their revenues.
The Shanghai-based company says its placement on a US list of firms accused of aiding China’s military has caused it to suffer reputational injury and lost business opportunities.
US imports of used cooking oil more than tripled in 2023, with more than half coming from China, according to the US International Trade Commission.
The US start-up on Monday announces a new AI model called GPT-4o, in a series of demonstrations that verged on science-fiction.
Chinese tech giants Tencent and NetEase announced back-to-back new title releases, in a sign of intensified competition among the country’s top two video gaming publishers.
Developing economies in Asia-Pacific are putting generative AI (gen AI) to use at a greater pace and with more enthusiasm than their more advanced neighbours, according to a study by Deloitte.
Starwood Capital Group, one of the largest real estate investors worldwide, is part of a consortium of shareholders proposing to take Asian warehouse developer ESR Group private.
Sham article is almost identical to one debunked two weeks ago, featuring Hong Kong movie star Donnie Yen and US talk show host Jimmy Kimmel.
Police in China’s northeastern Jilin province made the arrests in connection with a scheme that sent US$296 million to South Korea.
The flagship developer of tycoon Li Ka-shing has slashed the price of some of the remaining flats at its project in the Northern Metropolis by almost a third compared with when it was first launched in 2021.
Hong Kong is proving its resilience by defying some of its harshest critics. A surge in the local stock market over the past three months shows global investors are coming back.
Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize role could work against the city’s capital market, market experts say.
CSRC’s new chief Wu Qing has sought to improve corporate governance and close deep valuation discounts in a bid to revive investors’ faith in China’s US$9 trillion stock market and these bold moves have met with some early success.
Alibaba scales back an ambitious business overhaul plan and bids farewell to a turbulent year, as its founders call on employees to embrace changes.
Even in the absence of the buying restrictions, a healthy supply and elevated interest rates mean the city’s infamously expensive house prices are unlikely to return to the kind of breakneck growth seen in the past, analysts say.