Gordon Moore, who co-founded technology behemoth Intel and served as its former chairman, passed away on Friday at the age of 94, as announced by Intel and the Gordon and Betty Moore Foundation. Moore died in Hawaii, "surrounded by family," according to a press release.
Chinese food delivery titan Meituan (3690.HK) reported a surprising 21.4% surge in quarterly revenue on Friday, holding its own against strong competitors like Alibaba-supported Ele.me.
TikTok CEO Shou Zi Chew testified before a House committee in a high-stakes hearing on Thursday, defending the company against claims that it poses a risk to national security and underage users.
TikTok CEO Shou Zi Chew is set to testify before the House Energy and Commerce Committee on Thursday as the social media giant faces a potential ban over national security concerns arising from its parent company, China-based ByteDance.
The Biden administration is feeling the heat to prohibit the widely-used Chinese-owned social media app TikTok. However, experts believe that any attempt to ban the app is contingent on the enactment of new legislation that strengthens the government's ability to regulate speech.
Nike managed to surpass Wall Street's earnings and revenue expectations for its holiday quarter, despite facing challenges from excess inventory and disappointing sales in China.
In a video posted on TikTok, Chew addressed the possibility of a ban on the platform, stating that "some politicians have started talking about banning TikTok."
Data from China Merchants Bank International, which monitors car insurance registrations, revealed that Tesla's retail sales in China reached 106,915 units between January 1 and March 19, averaging 1,371 units per day