Category: China

TuSimple Holdings, an autonomous trucking company, plans to shut down its US operations and reduce its remaining workforce in the country by 75 percent. (Photo: TuSimple)
Estimated read time 3 min read
China Technology U.S.

Autonomous trucking TuSimple to wind down U.S. operations amid global restructuring

  • Post Date 12/06/2023

In a significant development, autonomous trucking company TuSimple Holdings has announced its decision to wind down operations in the United States, cutting 75 percent of [more…]

Horizon Robotics, a prominent designer of automotive chips, formalized its commitment to invest HK$3 billion (US$383 million) in the next five years through a memorandum of understanding signed with the Hong Kong Science and Technology Parks. (Photo: Horizon Robotics)
Estimated read time 3 min read
China Hong Kong Technology

Hong Kong’s rise as an advanced manufacturing hub to semiconductors, innovation, and economic diversification

  • Post Date 12/05/2023

In a bold move to reshape its economic landscape, Hong Kong is making significant strides in attracting major investments in advanced manufacturing, particularly in the [more…]

On Wednesday, Didi announced on its official WeChat account that it will conduct thorough technical risk assessments and upgrades to ensure service stability, striving to prevent future software breakdowns. (Photo: IC)
Estimated read time 3 min read
China Technology

Didi blames service disruption on software failure; Alibaba Cloud faces second outage in November

  • Post Date 11/29/2023

In a recent development, Didi Chuxing, often referred to as China’s Uber, has attributed the breakdown of its ride-hailing service in major cities like Beijing, [more…]

Nov. 28, 2023 - Alipay, the Chinese payment giant, intends to offload its 3.4% stake in the Indian food delivery giant Zomato for almost $400 million through block deals on Indian stock exchanges. (Photo: Fortune India)
Estimated read time 3 min read
China India Technology

Chinese payments giant seizes opportune timing for exit as Zomato shares surge over 90% this year

  • Post Date 11/28/2023

In a strategic move, Chinese payments group Alipay, a subsidiary of Ant Group, is set to sell its 3.4% stake in Indian food delivery giant [more…]

Nov. 16, 2023 - Alibaba unexpectedly abandoned its plan to spin off its cloud unit. The Chinese company attributed this surprising reversal to heightened U.S. controls on chip technology. (Photo: PYMNTS)
Estimated read time 3 min read
China Technology U.S.

Alibaba’s cloud unit makes a U-turn as stormy waters in the face of U.S. chip controls

  • Post Date 11/16/2023

In a surprising turn of events, Alibaba Group Holding has announced its decision to reverse plans for a full spinoff of its Cloud Intelligence Group. [more…]

Alibaba's cloud division currently provides services to 80% of technology companies in China and supports half of the nation's AI language model enterprises. (Photo: Alibaba | Data Center)
Estimated read time 3 min read
China Technology

Alibaba cloud now plays an integral part in powering China’s AI revolution

  • Post Date 10/31/2023

Alibaba Group Holding’s cloud computing unit is making significant strides in reshaping China’s technological landscape, particularly in the field of artificial intelligence (AI). Joe Tsai, [more…]

The YMTC memory chip, integrated into a solid-state drive, underscores the company's commitment to advancing its technology, even in the face of sanctions. (Photo: Handout)
Estimated read time 4 min read
China Technology

China semiconductor YMTC stuns the tech world with a revolutionary 3D NAND memory chip

  • Post Date 10/26/2023

In a remarkable and unexpected leap in technology, China’s Yangtze Memory Technologies Co (YMTC) has emerged as a pioneer in the global semiconductor industry by [more…]