Chris Liu
The Latest
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Huawei Sells Major Stake in New Smart Car Venture for $35 Billion: Report
Huawei Technologies is preparing to divest up to 40% of its shares in its newly established smart car software and components firm. 
Huawei Technologies is preparing to divest up to 40% of its shares in its newly established smart car software and components firm. -
ByteDance Scales Back Ambitions in Gaming, Reflecting a Shift in Strategy
ByteDance's belief in achieving miracles through significant efforts seems to falter outside of social media and e-commerce, suggesting that no giant can dominate every business sector. 
ByteDance's belief in achieving miracles through significant efforts seems to falter outside of social media and e-commerce, suggesting that no giant can dominate every business sector. -
PDD Holdings' Revenue Surges as Temu Drives Growth in E-commerce Market
The surge, marking a nearly 14% increase in premarket trading of its U.S.-listed shares, is attributed to the aggressive discounting strategy and the growing popularity of Temu, its international e-commerce arm. 
The surge, marking a nearly 14% increase in premarket trading of its U.S.-listed shares, is attributed to the aggressive discounting strategy and the growing popularity of Temu, its international e-commerce arm. -
Alipay Set to Divest Entire Zomato Stake for $400 Million in Block Deal: Report
Alipay, the Chinese payment giant owned by Ant Group, is gearing up to sell its 3.4% stake in Indian food delivery behemoth Zomato for nearly $400 million. 
Alipay, the Chinese payment giant owned by Ant Group, is gearing up to sell its 3.4% stake in Indian food delivery behemoth Zomato for nearly $400 million. -
Foxconn Boosts India Presence, Pledges $1.5 Billion Amid Diversification from China
Taiwan's Foxconn, the world's largest contract manufacturer of electronics, has announced an investment of $1.5 billion in India. The company, known for being a major supplier for Apple, detailed its investment plans in a recent stock exchange filing. 
Taiwan's Foxconn, the world's largest contract manufacturer of electronics, has announced an investment of $1.5 billion in India. The company, known for being a major supplier for Apple, detailed its investment plans in a recent stock exchange filing. -
Shein Eyes U.S. Public Markets with Confidential IPO Filing
The Chinese fast-fashion giant Shein has taken a significant step towards expanding its global footprint by confidentially filing for an initial public offering (IPO) in the United States. Sources familiar with the matter indicate that the company, which was last valued at $66 billion, is aiming for a public market debut as early as 2024. 
The Chinese fast-fashion giant Shein has taken a significant step towards expanding its global footprint by confidentially filing for an initial public offering (IPO) in the United States. Sources familiar with the matter indicate that the company, which was last valued at $66 billion, is aiming for a public market debut as early as 2024. -
Live Streaming E-commerce: The Emerging Threat to Amazon from Chinese Online Retailers
The rise of Temu in the United States is currently overshadowing Amazon, but the real challenge Amazon may face comes from the yet-to-be fully unleashed Chinese e-commerce strategy of live streaming sales. 
The rise of Temu in the United States is currently overshadowing Amazon, but the real challenge Amazon may face comes from the yet-to-be fully unleashed Chinese e-commerce strategy of live streaming sales. -
ByteDance Retreats from Gaming, Cuts Jobs Amidst Rivalry with Tencent
ByteDance, the parent company of TikTok, is significantly downsizing its gaming division, marking a retreat from its ambitious challenge to gaming giants like Tencent. The move will result in the loss of hundreds of jobs within the company's main gaming unit, Nuverse. 
ByteDance, the parent company of TikTok, is significantly downsizing its gaming division, marking a retreat from its ambitious challenge to gaming giants like Tencent. The move will result in the loss of hundreds of jobs within the company's main gaming unit, Nuverse. -
Buffett's Berkshire Hathaway Exits Paytm with a 30% Loss
Reports indicate that Buffett's company faced a loss of 6 billion rupees (approximately $72 million), marking a 30% investment loss. 
Reports indicate that Buffett's company faced a loss of 6 billion rupees (approximately $72 million), marking a 30% investment loss. -
Sam Altman's Ouster and Comeback Tied to Threatening AGI Development at OpenAI
According to sources close to the matter, the turmoil within the AI research organization was linked to concerns about a potentially dangerous Artificial General Intelligence (AGI) model under development. 
According to sources close to the matter, the turmoil within the AI research organization was linked to concerns about a potentially dangerous Artificial General Intelligence (AGI) model under development.
