Asia

    Asian travel platform Klook is filing for a New York IPO

    Asian travel platform Klook is filing for a New York IPO

    Klook revealed that it generated $417.1 million in revenue in 2024, a 24% increase. Yet the company isn’t profitable, losing $99.3 million last year. 

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    November 11, 2025

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    BYD’s small, inexpensive Seagull EV poses major threat to U.S. auto industry: ‘Any car company that’s not paying attention…is going to be lost’
    Finance

    BYD’s small, inexpensive Seagull EV poses major threat to U.S. auto industry: ‘Any car company that’s not paying attention…is going to be lost’

    By Tom Krisher, Ken Moritsugu and The Associated Press
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    China is still waiting for its ‘ChatGPT moment’, says AI expert Kai-Fu Lee: ‘For Americans, the moment happened 17 months ago’
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    China is still waiting for its ‘ChatGPT moment’, says AI expert Kai-Fu Lee: ‘For Americans, the moment happened 17 months ago’

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    Baidu exec who started furor over 24/7 work culture with videos making light of staff wellbeing and warning subordinates to toe the line has resigned
    Leadership

    Baidu exec who started furor over 24/7 work culture with videos making light of staff wellbeing and warning subordinates to toe the line has resigned

    By Zheping Huang and Bloomberg
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    SoftBank has sold off or written down $29 billion in U.S. Vision Fund assets as Masayoshi Son tries to get his mojo back by turning to AI and chips
    Tech

    SoftBank has sold off or written down $29 billion in U.S. Vision Fund assets as Masayoshi Son tries to get his mojo back by turning to AI and chips

    By Min Jeong Lee and Bloomberg
    May 10, 2024
    Biden administration expected to impose sweeping tariffs on China strategic sectors including EVs, batteries and solar cells
    Finance

    Biden administration expected to impose sweeping tariffs on China strategic sectors including EVs, batteries and solar cells

    By Josh Wingrove, Jennifer Jacobs, Eric Martin and Bloomberg
    May 10, 2024
    European firms’ interest in expanding in China drops to a record low as world’s second largest economy slows to a crawl
    Finance

    European firms’ interest in expanding in China drops to a record low as world’s second largest economy slows to a crawl

    By Ken Moritsugu and The Associated Press
    May 10, 2024
    Baidu’s PR chief apologizes after her social media post demanding workers be available ‘24 hours a day’ sparks outrage
    Tech

    Baidu’s PR chief apologizes after her social media post demanding workers be available ‘24 hours a day’ sparks outrage

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    Tesla’s China job cuts speed up as Elon Musk faces pressure to win back share in world’s biggest auto market
    Finance

    Tesla’s China job cuts speed up as Elon Musk faces pressure to win back share in world’s biggest auto market

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    May 9, 2024
    Alibaba’s home city says it will no longer check if homebuyers are qualified as China tries to revive its dreary real estate market
    Finance

    Alibaba’s home city says it will no longer check if homebuyers are qualified as China tries to revive its dreary real estate market

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    May 9, 2024
    South Korea’s president is establishing a new ministry to boost the country’s birth rate, the world’s lowest, after a bruising election loss
    Leadership

    South Korea’s president is establishing a new ministry to boost the country’s birth rate, the world’s lowest, after a bruising election loss

    By Soo-Hyang Choi, Shinhye Kang, Seyoon Kim and Bloomberg
    May 9, 2024
    Huawei’s licenses to buy chips from Qualcomm and Intel revoked as U.S. further tightens export restrictions
    Tech

    Huawei’s licenses to buy chips from Qualcomm and Intel revoked as U.S. further tightens export restrictions

    By MacKenzie Hawkins, Erik Wasson and Bloomberg
    May 8, 2024
    TikTok’s lawsuit against the U.S. reveals billionaire ByteDance founder Zhang Yiming is living in Singapore while keeping Chinese citizenship
    Tech

    TikTok’s lawsuit against the U.S. reveals billionaire ByteDance founder Zhang Yiming is living in Singapore while keeping Chinese citizenship

    By Zheping Huang and Bloomberg
    May 8, 2024
    Tesla sends its former Asia head back to China as sales of its Shanghai-made EVs plunged 18% in April
    Tech

    Tesla sends its former Asia head back to China as sales of its Shanghai-made EVs plunged 18% in April

    By Dana Hull and Bloomberg
    May 8, 2024
    BYD reiterates that it has no plans to sell in the ‘very protective’ U.S.—but hopes that things might get ‘back to normal’ after the election
    Tech

    BYD reiterates that it has no plans to sell in the ‘very protective’ U.S.—but hopes that things might get ‘back to normal’ after the election

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    Nintendo teases the Switch’s long-awaited successor as investors stress about bigger-than-expected profit slide
    Tech

    Nintendo teases the Switch’s long-awaited successor as investors stress about bigger-than-expected profit slide

    By Takashi Mochizuki and Bloomberg
    May 7, 2024
    China’s tourists are traveling again but they are spending less than before COVID as economic worries keep their wallets shut
    Finance

    China’s tourists are traveling again but they are spending less than before COVID as economic worries keep their wallets shut

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    May 7, 2024
    Qantas will pay $66m penalty and compensate passengers for selling tickets on thousands of ‘ghost flights’ it had already decided to cancel
    Finance

    Qantas will pay $66m penalty and compensate passengers for selling tickets on thousands of ‘ghost flights’ it had already decided to cancel

    By Angus Whitley and Bloomberg
    May 6, 2024
    Nippon Steel is putting off its $14.1bn takeover of U.S. Steel by 3 months because the Department of Justice wants to delve into the deal
    Finance

    Nippon Steel is putting off its $14.1bn takeover of U.S. Steel by 3 months because the Department of Justice wants to delve into the deal

    By Yuri Kageyama and The Associated Press
    May 3, 2024
    Apple reports a surprise jump in iPhone sales in competitive China and analysts don’t know how after months of data showed a major slump
    Tech

    Apple reports a surprise jump in iPhone sales in competitive China and analysts don’t know how after months of data showed a major slump

    By Vlad Savov and Bloomberg
    May 3, 2024
    Analysts have long complained about fuzzy statistics from China. A proposed new statistics law shows Beijing is worried too
    Leadership

    Analysts have long complained about fuzzy statistics from China. A proposed new statistics law shows Beijing is worried too

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    May 2, 2024
    AI boom still running hot as SK Hynix says its already sold majority of its 2025 allotment of high-bandwidth memory chips
    Tech

    AI boom still running hot as SK Hynix says its already sold majority of its 2025 allotment of high-bandwidth memory chips

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    May 2, 2024
    Samsung joins Nvidia in AI semiconductor boom as memory chip sales help profits quadruple last year’s result
    Finance

    Samsung joins Nvidia in AI semiconductor boom as memory chip sales help profits quadruple last year’s result

    By Yoolim Lee and Bloomberg
    April 30, 2024
    Geopolitics and U.S. rules push chip firms to decouple from mainland China, with one major Taiwanese testing company ditching the market entirely
    Tech

    Geopolitics and U.S. rules push chip firms to decouple from mainland China, with one major Taiwanese testing company ditching the market entirely

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    Satya Nadella says Microsoft will pump $1.7bn into Indonesia for AI and cloud projects as Big Tech floods into Southeast Asia
    Tech

    Satya Nadella says Microsoft will pump $1.7bn into Indonesia for AI and cloud projects as Big Tech floods into Southeast Asia

    By Gao Yuan, Saritha Rai, Chandra Asmara and Bloomberg
    April 30, 2024
    HSBC CEO Noel Quinn, who pivoted Europe’s largest bank back towards Asia, unexpectedly steps down
    Finance

    HSBC CEO Noel Quinn, who pivoted Europe’s largest bank back towards Asia, unexpectedly steps down

    By Harry Wilson, Ambereen Choudhury and Bloomberg
    April 30, 2024
    Did Japan’s central bank intervene in the currency markets after the yen hit a 34 year low? ‘No comment for now’
    Finance

    Did Japan’s central bank intervene in the currency markets after the yen hit a 34 year low? ‘No comment for now’

    By Ruth Carson, Yumi Teso and Bloomberg
    April 29, 2024
    Paul Singer’s activist hedge fund Elliott Management follows Warren Buffett to Japan with a big stake in trading house Sumitomo
    Finance

    Paul Singer’s activist hedge fund Elliott Management follows Warren Buffett to Japan with a big stake in trading house Sumitomo

    By Winnie Hsu, Hideyuki Sano and Bloomberg
    April 29, 2024
    Why Tesla’s Elon Musk is lobbying Beijing to approve its self-driving car tech as part of his surprise trip to China
    Tech

    Why Tesla’s Elon Musk is lobbying Beijing to approve its self-driving car tech as part of his surprise trip to China

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    Grab’s COO thinks there’s ‘tremendous upside’ in fast-growing Southeast Asia after the startup recently reported its first-ever profitable quarter
    Leadership

    Grab’s COO thinks there’s ‘tremendous upside’ in fast-growing Southeast Asia after the startup recently reported its first-ever profitable quarter

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    Huawei reportedly keeps getting advanced chips, even as the U.S. tries to tighten the screws on China’s semiconductor industry
    Tech

    Huawei reportedly keeps getting advanced chips, even as the U.S. tries to tighten the screws on China’s semiconductor industry

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