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01-24 17:59

China’s Solar and Energy Storage Companies Rushing to Tap Middle Eastern Market

AsianFin -- China’s solar and energy storage companies are accelerating their expansion into the Middle East, scrambling to seize opportunities in one of the world’s fastest-growing renewable energy markets. This January alone, Chinese firms have secured major contracts and established strong presence in the region. One example is a Chinese state-owned energy infrastructure employee who shared on social media about his plan to spend this upcoming Chinese New Year in the UAE. His company is managing a solar project near Abu Dhabi, and preparations require key personnel to be on-site. This reflects a broader trend: Chinese enterprises are investing heavily in Middle Eastern renewable projects, both through project execution and equipment supply. On January 15, the world’s largest single
China’s Solar and Energy Storage Companies Rushing to Tap Middle Eastern Market
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01-23 18:13

China's Import and Export in 2024: The Pros and Cons of a Trillion-Dollar Surplus

TMTPOST -- China reported a rebound in the country's foreign trade performance for December 2024 and the full year, data released on January 13 shows. In December, China’s total trade surged 7.5% from the previous month in dollar terms, with exports and imports rising 7.6% and 7.5%, respectively. On a year-on-year basis, total trade increased 6.5%, driven by a 10.7% rise in exports and a 1.0% gain in imports. For the full year of 2024, total trade grew 3.8% year-on-year, as exports rose 5.9% and imports edged up 1.1%. This marked a strong recovery from 2023, when total trade, exports, and imports contracted by 5.0%, 4.6%, and 5.5%, respectively. The striking difference in performance between exports and imports led to a record trade surplus of $104.84 billion in December and $992.16 b
China's Import and Export in 2024: The Pros and Cons of a Trillion-Dollar Surplus
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01-23 14:12

Nvidia CEO Skips Trump’s Inauguration for Lunar New Year Visit in China

TMTPOST -- Jensen Huang, CEO of Nvidia, has been "on the road" celebrating the Lunar New Year with employees and their families in China from January 15 to 21. During his visit, Huang attended multiple Nvidia events across various cities, from Shenzhen to Taipei and Beijing, and concluded the week in Shanghai. On January 15, Huang arrived in Shenzhen for the annual meeting of Nvidia’s branch there. The next day, he attended a supply chain event in Taichung, Taiwan, where he hosted a dinner for 35 CEOs, with a table cost of approximately 1,182 yuan each. On January 19, he met with developers, partners, and analysts in Beijing, followed by participation in the Beijing branch's annual meeting on January 20. His final stop was in Shanghai on January 21. By January 22, Huang was
Nvidia CEO Skips Trump’s Inauguration for Lunar New Year Visit in China
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01-23 13:22

Trump Said to Hold Phone Call with Sam Altman about AI Infrastructure ahead of Up to $500 Billion...

TMTPOST -- U.S. President Donald Trump was said to discuss with OpenAI CEO Sam Altman on artificial intelligence (AI) topics prior to his inauguration. Credit:China Central Television Trump last Friday talked with Altman about AI infrastructure in a phone call last Friday, CNBC quoted people familiar with the matter on Wednesday. During the lengthy conversation on Friday , Trump and Altman were reported to discuss the potential of AI and the need to develop the technology in the United States. Days following the conservation, Trump announced OpenAI, SoftBank Group Corp. and Oracle Corp. are forming a joint venture called Stargate to pour into a total of $500 billion in AI infrastructure. The venture plans to input a total of up to $500 million with initial investment of $100 billion in AI
Trump Said to Hold Phone Call with Sam Altman about AI Infrastructure ahead of Up to $500 Billion...
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01-23 12:46

Netflix Stocks Jump Nearly 10% on Record New Subscribers, Earnings Beat

TMTPOST -- Netflix, Inc. shares settled 9.7% higher to $953.99 on Wednesday, hitting their close record after the streaming service giant posted earnings beat and much stronger subscriber growth toward the end of last year. Credit:Netflix Netflix generated $10.25 billion for the fourth quarter of 2024, higher than analysts expected $10.11 billion. The revenue grew 16% year-over-year (YoY), or 19% on a foreign exchange (F/X) neutral basis. Diluted earnings per share (EPS) approximately doubled from a year ago to $4.27, compared with analysts’ projection of $4.20. Net income soared 99% YoY to $1.87 billion,  and operating income gained 52% YoY to $2.3 billion with a margin of 22.2%, up from 16.9% the same period of 2023. The quarterly revenue was slight above its previous forecast
Netflix Stocks Jump Nearly 10% on Record New Subscribers, Earnings Beat
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01-23 10:16

Altman Refutes Musk's Doubts on the $500 Billion AI Investment Backed by OpenAI

TMTPOST -- OpenAI CEO Sam Altman refuted Tesla Inc. and SpaceX CEO Elon Musk’s doubts on an artificial intelligence (AI) venture with massive committed capital. Credit:OpenAI “They don’t actually have the money,” Musk said in response to an OpenAI statement introducing the AI venture Stargate posted on his social media platform X, referring to OpenAI and other  backers of Stargate which pledged a total of $500 billion.   “SoftBank has well under $10 billion secured. I have that on good authority,” Musk said in a subsequent post, claiming another Stargate initiator has much less firepower to finance the venture than it promised. Responding to Musk’s abovementioned post, Altman directly denied Musk’s claim about SoftBank’s liquidity. “Wrong, as you surely know,” Altman &n
Altman Refutes Musk's Doubts on the $500 Billion AI Investment Backed by OpenAI
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01-22 16:46

Viaim Completes Pre-A Round Financing, Raising Millions of Dollars

Viaim earbuds integrate AI with audio technologies AsianFin --  Viaim, an AI-powered earbud hardware startup, on Tuesday announced that it has raised millions of dollars in Pre-A round financing. This fund-raising round was led by Zoo Capital, with the participation of Monad Capital. Previously, the company had completed a seed round financing in 2021 and an angel round in 2023. The proceeds from the round will be used for computing power and algorithm services, continuous iteration and expansion of the product matrix, development of overseas markets, and enhancement of offline channel layout. In a dazzling array of AI terminal concepts, viaim stands out primarily due to its first-mover advantages in the AI-powered earbuds sector. Viaim was embraced by investors, which underscored inv
Viaim Completes Pre-A Round Financing, Raising Millions of Dollars
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01-22 13:58

Apple Hampered by Wall Street Downgrades on Weak iPhone Sales, Slower AI Uptake

TMTPOST -- Apple Inc. shares  as much as 4.6% and finished 3.2% lower to $222.64 on Tuesday, the lowest close since November 4. Shares were hampered after the Wall Street downgrades raised concerns over weak iPhone sales and less-than-expected consumers’ appetite for interest artificial intelligence (AI). Credit:Apple Jefferies analysts on Monday downgraded Apple from hold to underperform, a rating that rarely showed pessimism for the iPhone maker. They cut their price target on Apple by 13% to $200.75, representing a 9.8% decline from Tuesday close. Analysts led by Edison Lee warned iPhone demand would suffer a material reduction ahead of the next generation iPhone released this year. "We lower forecasts driven by weak iPhone sales and the general [consumer electronics] mar
Apple Hampered by Wall Street Downgrades on Weak iPhone Sales, Slower AI Uptake
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01-22 11:04

Trump Announces $500 Billion AI Infrastructure Investment from OpenAI, SoftBank and Oracle

TMTPOST -- U.S. President Donald Trump announced on Tuesday billions of dollars of investment in artificial intelligence (AI)  infrastructure through a joint venture founded by OpenAI, SoftBank Group Corp. and Oracle Corp. Credit:Outside Insight The new venture, called Stargate, plans to input a total of up to $500 million with initial investment of $100 billion in AI projects, and is expected to create “over 100,000 American jobs almost immediately”, Trump said in a White House briefing on Tuesday. “We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before,” Trump said told reporters. "What we want to do is we want to keep it in this country. China is a competitor, and others are competitors," Trump said. "It's technology an
Trump Announces $500 Billion AI Infrastructure Investment from OpenAI, SoftBank and Oracle
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01-22 08:55

Trump Signals 10% Tariff on China in February

TMTPOST --  U.S. President Donald Trump signaled on Tuesday he could impose steep tariffs on Chinese trade to his country next month, though not taking actions on his first day in office as he previously warned. Credit:Xinhua News Agency “We’re talking about a tariff of 10% on China based on the fact that they’re sending fentanyl to Mexico and Canada,” Trump  told reporters at the White House on Tuesday evening. “Probably Feb. 1 is the date we’re looking at,” the newly inaugurated president added. Trump also reiterated his team is considering imposing 25% tariffs on Canada and Mexico. The president said late Monday that his administration is thinking of slapping 25% tariffs on Canada and Mexico. “We're thinking in terms of 25% on Mexico and Canada, because they're allow
Trump Signals 10% Tariff on China in February

Trump Signs Executive Order to Give a 75-Day Reprieve from TikTok Ban

TMTPOST -- As promised, U.S. President Donald Trump signed an executive order on Monday, his first day in office, to avoid TikTok shutting down in the country under a sell-or-ban law. Credit:Xinhua News Agency Trump issued an executive order to suspend application of the Protecting Americans From Foreign Adversary Controlled Applications Act (the “Act”) to TikTok temporarily. “I am  instructing the Attorney General not to take any action to enforce the Act for a period of 75 days from today to allow my Administration an opportunity to determine the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown of a communications platform used by millions of Americans,” Trump said in the executive order. During the 75 days, the U.S.
Trump Signs Executive Order to Give a 75-Day Reprieve from TikTok Ban

What to Expect from Donald Trump's Second Term as U.S. President

TMTPOST -- Earlier this month, a spokesperson for Donald Trump said that the incoming president is preparing more than 100 executive orders for his first day back in the White House. This flurry of action is expected to focus heavily on border security, deportations, and other key policy priorities, marking the start of what some are calling a "shock and awe" campaign. Karoline Leavitt, his press secretary, further noted that Trump would use his executive power to deliver on many campaign promises, assuring the public that "the American people are going to be pleased with what they see from President Trump within mere minutes of his return to the Oval Office." Trump has made promises on a wide array of issues, including immigration, energy, education, LGBT and the
What to Expect from Donald Trump's Second Term as U.S. President

U.S. President-elect Donald Trump Launches New Meme Coin $Trump

TMTPOST -- U.S. President-elect Donald Trump has launched a new cryptocurrency token that has surged in value, potentially boosting his net worth just days before his inauguration. This move is the latest in a series of unconventional promotions by Trump, who has previously marketed branded products like bibles, gold sneakers, and diamond-encrusted watches. “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump announced in a social media post on Friday night. The token is being marketed with an image of Trump raising a fist alongside the slogan “FIGHT FIGHT FIGHT,” referencing his defiant response to an attempted assassination at a political rally in July. Although the website selling the tokens emphasizes they are for symbolic support rathe
U.S. President-elect Donald Trump Launches New Meme Coin $Trump

TikTok Restores US Service after Trump Vows Executive Order to Delay Ban

TMTPOST -- TikTok announced on Sunday the short video application is restoring its service in the United States after the U.S. president-elect Donald Trump vowed actions to delay a sell-or-ban law once he takes office. Credit:Pixabay “In agreement with our service providers, TikTok is in the process of restoring service,” TikTok said in a statesmen on Elon Musk’s social media platform X. The company thanked Trump for his providing the necessary clarity and assurance to its service providers. “We will work with President Trump on a long-term solution that keeps TikTok in the United States,” TikTok added. The statement marks TikTok resumed its U.S. service less than a day. The popular app said late Saturday it was unavailable for U.S. users ahead of a deadline of pos
TikTok Restores US Service after Trump Vows Executive Order to Delay Ban

TikTok Says App Will Shut Down Sunday Unless Biden Administration Assures Non-Enforcement of Ban

TMTPOST -- TikTok warned on Friday the short video application will have to shut down its U.S. operation on Sunday unless the outgoing Biden administration assures non-enforcement of a pending ban. Credit:Pixabay “Unless the Biden Administration immediately provides a definitive statement to satisfy the most critical service providers assuring non-enforcement, unfortunately TikTok will be forced to go dark on January 19,” TikTok said in a statement issued on Friday. The social media platform claimed the possible shutdown resulted from the White House and the Department of Justice’s failure to provide the necessary clarity and assurance to the service providers that are integral to maintaining TikTok's availability to over 170 million Americans. The statement was released as part of re
TikTok Says App Will Shut Down Sunday Unless Biden Administration Assures Non-Enforcement of Ban

Trump to Make Decision on TikTok after Supreme Court Upholds US Ban as Early as This Weekend

TMTPOST --  The Supreme Court on Friday hit TikTok with ruling in favor of a impending ban in the United States as early as this weekend. TikTok’s future thus lies in president-elect Donald Trump’s hands.   Credit:Pixabay The Supreme Court justices unanimously upheld the Protecting Americans From Foreign Adversary Controlled Applications Act (the “Act”) that forces TikTok to shutter its U.S. operation unless the Chinese company ByteDance Ltd. to divest the super popular short video platform by January 19, this Sunday. The court rejected TikTok’s call for strict scrutiny as the Act’s prohibitions violate the First Amendment. For the court, U.S. Congress passed the Act and determined that divestiture is necessary to address its “well-supported national security concerns”, which bec
Trump to Make Decision on TikTok after Supreme Court Upholds US Ban as Early as This Weekend

TikTok Banned in U.S., What’s Next?

TMTPOST -- TikTok could be banned in the U.S. as soon as January 19 unless the Supreme Court rules in favor of ByteDance, TikTok’s Chinese parent company, in a last-minute appeal claiming the ban violates constitutional rights. However, even if the court sides with Congress and lower courts deeming TikTok a national security threat, will it actually stop Americans from using the app?  Can TikTok Still Be Used If Banned? If the U.S. bans TikTok, the likely first step would involve ordering app stores like Google Play and Apple’s App Store to remove it. While this would block new downloads, existing users would still have access—at least temporarily. However, without updates, TikTok would gradually become less functional, prone to bugs, and increasingly vulnerable to security threats. H
TikTok Banned in U.S., What’s Next?

Intel to Spin Off Intel Capital as Independent Firm Amid Strategic Restructuring

TMTPOST -- Intel announced on Tuesday its plans to spin off Intel Capital, the company’s venture capital arm, into an independent entity. This move marks another step in the chipmaker’s efforts to streamline operations amid mounting challenges and market shifts. Intel Capital, with an asset under management (AUM) of $5 billion, has traditionally been fully funded by Intel. As a standalone firm, it will gain the ability to raise capital from external investors, the company said. The announcement comes as Intel grapples with the aftermath of its most challenging year on the stock market since going public in 1971. The company has made a series of operational missteps and suffered from significant market share losses. To address these challenges, Intel has embarked on a cost-cutting driv
Intel to Spin Off Intel Capital as Independent Firm Amid Strategic Restructuring

China’s Smartphone Market Expands by 4% in 2024, After Shrinking for Two Consecutive Years

AsianFin -- Chinese smartphone market shipped 285 million units in 2024, marking a recovery with a modest 4% year-on-year increase after two consecutive years of decline, the latest research by Canalys shows. Vivo emerged as the market leader for the year, holding a 17% market share with 49.3 million units shipped. Huawei ranked second, shipping 46.0 million units and posting an impressive 37% year-on-year surge. Apple, OPPO, and HONOR followed in third, fourth, and fifth place, each securing a 15% market share, underscoring the fierce competition in the market. In Q4 2024, shipments by all smartphone manufacturers hit 77.4 million units, up 5% year-on-year, driven by the high-end peak season, government subsidies, and year-end promotions. Apple retained its leading pos
China’s Smartphone Market Expands by 4% in 2024, After Shrinking for Two Consecutive Years

Advisor Says Trump Will Keep TikTok Alive as US Ban Deadline Draws Near

TMTPOST -- A member of U.S. president-elect Donald Trump’s team vowed to keep TikTok operating in the country as a ban on the popular short video application draws near. Credit:Pixabay “We will put measures in place to keep TikTok from going dark,” Mike Waltz, Trump’s nominee for national security advisor, told Fox News on Thursday. Waltz added the law on the impending ban “allows for an extension as long as a viable deal is on the table”, so it buys Trump time to keep TIkTok going. Senate Democratic leader Chuck Schumer the same day called on other Senators to extend the January 19 deadline for a ban of TikTok,  which is owned by China’s ByteDance Ltd.  "We aren’t against TikTok,” Schumer said in a press release. “We want TikTok to keep going. But we are against a Chin
Advisor Says Trump Will Keep TikTok Alive as US Ban Deadline Draws Near

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