In an unexpected turn at the start of 2024, Apple’s iPhone has seen a 30% sales drop in China during the initial week, as reported by Jefferies analysts. The iconic U.S. brand, typically a frontrunner in the smartphone race, is facing stiff competition from local powerhouse Huawei and other Android manufacturers who have maintained a stable growth trajectory. Despite Apple’s aggressive […]

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In a decisive legal victory, JD.com has emerged successful in its antitrust lawsuit against Alibaba. The Beijing High People’s Court imposed a hefty fine of 1 billion yuan ($140.68 million) on Alibaba for engaging in exclusionary practices that undermined fair competition. The court’s verdict pinpointed that Alibaba Group Holding Limited, along with its subsidiaries, Zhejiang Tmall Network Co and […]

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A Manhattan federal judge has green-lighted legal action against global retail giant Alibaba for allegedly allowing the sale of imitation Squishmallows. The plush toy, a favorite among children, is at the center of a copyright and trademark dispute spearheaded by Kelly Toys, a subsidiary of Jazwares—now under the umbrella of Warren Buffett’s Berkshire Hathaway. Despite Alibaba’s […]

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Chinese authorities have unearthed a colossal $2.2 billion underground forex operation, intricately linked to virtual currency trading platforms. This action highlights China’s stringent approach to controlling financial transactions across its borders. The Qingdao Branch of the State Administration of Foreign Exchange’s Inspector, Xu Xiao, shed light on the mechanism of the scheme. Underground banks were buying […]

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In a significant development, Apple has accelerated the production of its much-anticipated Vision Pro headset. Sources reveal that the tech giant is on schedule for a February release. Manufacturing in China has been operating at peak capacity for weeks, aiming to have units ready for consumers by late January. Retailing at $3,499, the Vision Pro […]

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China’s video game sector has surged to new heights, with domestic sales topping a staggering 303 billion yuan ($42.6 billion), marking a significant 13% increase. This resurgence comes after the industry felt the weight of an 8-month regulatory clampdown, which is now firmly in the past. The industry’s vitality was highlighted at a Guangzhou conference by the […]

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01.AI, a Beijing-based AI, is poised to secure a substantial $200 million in a funding round, fortifying its already impressive $1 billion valuation achieved last month. The company, which sprouted under the aegis of Lee Kai-fu, the ex-head of Google China, has become a beacon in the AI domain, particularly with its open-source AI models. Amidst an […]

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Tencent Holdings has announced its latest venture into the console gaming sphere with the introduction of Last Sentinel. This high-stakes action role-playing game, revealed at The Game Awards in Los Angeles, marks a significant pivot from the company’s renowned success in mobile gaming. Last Sentinel is poised to immerse players in a robot-ridden, dystopian Japan, showcasing Tencent’s commitment […]

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To counteract the surge of antibiotic-resistant superbugs, Hong Kong’s health authorities are turning to artificial intelligence (AI). The Hospital Authority has observed a troubling increase in drug-resistant strains, such as vancomycin-resistant enterococci, with antibiotic resistance rates climbing from 0.22% to 1.2% in two years. In tandem, the presence of the fungus Candida auris has escalated, […]

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Nvidia has recalibrated its product timeline, announcing a postponement in the release of its latest AI chip, the H20, tailored specifically for the Chinese market. This decision aligns with the need to meet U.S. export regulations, with the debut now slated for early next year. The H20 stands as the pinnacle of Nvidia’s trio of […]

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