The South Korean giant’s market share dropped to under a quarter from more than half a year earlier, while Huawei’s share rose to 35 per cent.
A court in Shanghai rejected a claim that Apple was abusing its market dominance with high iOS App Store fees, marking a local win for the US technology giant.
Apart from domestic semiconductor manufacturers, the third phase of China’s ‘Big Fund’ is expected to support chip equipment and material suppliers, analysts said.
Amid high compliance costs, the SFC’s notice that crypto exchanges should not serve mainland investors is prompting some firms to leave the city.
Lenovo is well-placed to compete in the global AI PC market because of its differentiated product offerings for China and the rest of the world, a top company executive says.
Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, says it took ‘a proactive step’ to withdraw its application.
The prices of Hong Kong’s three spot ether ETFs jumped by more than 18 per cent on Tuesday, as trading volume picked up this week.
Mainland online retailers JD.com and Alibaba’s Tmall on Monday started offering deeper discounts on iPhone 15 models.
Cloud Light Technology CEO Dennis Tong anticipates multiple years of 50 per cent growth as AI drives up demand for faster data centre resources.
HBGL, which operates Huobi HK, has withdrawn the licence application for unspecified reasons, requiring it to close the crypto exchange under the city’s virtual asset regulations.
This development lends credence to Apple chief executive Tim Cook’s assurance that the Vision Pro will be released this year on the mainland.
A mix of mainlanders and international visitors showed up at Bitcoin Asia amid surging interest owing to a crypto bull market and recently launched ETFs.
Harvest CEO Han Tongli said he ‘doesn’t rule out’ applying to get the spot crypto ETFs on the Stock Connect scheme as long as ‘everything goes smooth’ in the next two years.
KeeTa seized a 43 per cent share of the city’s food delivery market by order volume in the first quarter to surpass rival Foodpanda, which had a 37 per cent share in the same period.
Beijing has introduced measures aimed at boosting inbound tourism, including visa-free travel for a number of European and Southeast Asian countries.
The city’s three ETFs that invest directly into bitcoin saw US$5.5 million change hands on Friday, down from US$8.6 million in their Tuesday debut.
The new pact promises to deliver improved remuneration and promotion for UMG-represented songwriters and artists on TikTok, as well as protections related to generative artificial intelligence.
Z-Library denied rumours of temporarily restricted access in China, promising to maintain access and saying it’s open to censoring some titles.
The leadership reshuffle at Huawei’s consumer business group comes as the company regains lost ground in China’s smartphone market and doubles down on electric vehicle systems.
Six bitcoin and ether ETFs saw US$12 million in trading on Tuesday, compared with US$4.6 billion for US bitcoin ETFs on their first day.
Beijing has relaxed its requirements for businesses sending data outside mainland China in finalised rules, but Hong Kong’s role in the new regime remains limited, according to legal experts.
A forum to mark the 30-year anniversary of China’s access to the global internet brought together regulators and Big Tech executives, as Beijing moves to boost the private sector amid a mixed economy recovery.
Tesla has cut the prices of its Shanghai-made vehicles by more than 5 per cent in mainland China, joining an intensifying discount war in the country amid a slowdown in the carmaker’s sales globally.
Chinese television set maker TCL is looking to reposition itself as a premium brand, hoping that increased sales of higher-end, larger-screen models will help boost its image.
Spot bitcoin and ether ETFs in Asia could be attractive to investors looking to avoid US tax laws, but the market is still relatively ‘tiny’.
Bosera Asset Management, HashKey Capital, Harvest International and ChinaAMC are all working on spot crypto ETFs after the SFC’s first conditional approvals.
Crypto industry executives were touting the benefits of bitcoin at the four-day Web3 Festival amid anticipation for the approval of spot ETFs this month.
Vitalik Buterin made a rare last-minute appearance at Hong Kong’s biggest Web3 event for a 20 minute technical talk on blockchain tech.
Hong Kong’s biggest licensed cryptocurrency exchange operator has launched a global trading platform, but it is not available in the US or China.
While there were fewer exhibitors this year, the Web3 Festival has attracted a more international crowd with 80 per cent of participants from outside the city.