U.S. Pours Subsidies to Semiconductor Factories
Billions of dollars in subsidies to companies building new semiconductor factories in the United States are gaining momentum. Samsung Electronics, Intel, and Taiwan TSMC are expected to benefit. The U.S. government has been holding discussions with these companies on the...
Binance’s $4.3 Billion Plea Deal and the Ongoing Impact
In the recent $4.3 billion plea deal with US regulators, Binance, the cryptocurrency exchange, faces more than just significant fines. The deal includes legal commitments that could affect the company's standing as an industry leader and reshape its corporate culture,...
Alibaba Shuts Down Quantum Computing Lab Amid Company Restructuring
Chinese tech giant Alibaba has closed its quantum computing lab, part of its research arm, as the company undergoes a broader restructuring. The quantum lab, along with related experimental equipment, will be donated to state-run Zhejiang University. Alibaba's in-house research...
Jack Ma Ventures into Ready-Made Meals with “Ma’s Kitchen”
Jack Ma, the founder of Alibaba, has entered the food business with his latest endeavor, "Ma's Kitchen," a startup based in his hometown of Hangzhou, China. The company, officially registered last week, will primarily engage in the sale of pre-packaged...
Iconic Animation Studio Ghibli Sold to Nippon TV Amid Successor Search Challenges
The renowned Japanese animation powerhouse Studio Ghibli, creator of beloved films like "My Neighbor Totoro" and "Spirited Away," has been acquired by Nippon TV after facing challenges in finding a successor for its legendary co-founder and director, Hayao Miyazaki. The...
Hyundai Initiates $1.5 Billion Electric Vehicle Plant Construction in South Korea
Hyundai Motor has commenced the construction of a $1.5 billion facility in Ulsan, South Korea, exclusively dedicated to manufacturing electric vehicles (EVs). The groundbreaking ceremony for the plant, capable of producing 200,000 electric vehicles annually, took place on Sunday, marking...
Mastercard Widely Accepted in China as Alipay and WeChat Pay Open Doors for Global Users
International travelers visiting China will find their experience significantly more convenient as of Friday, with the option to link their Visa and Mastercard accounts to China's leading mobile payment platforms. Alipay and WeChat Pay, aiming to attract foreign investment and...
Stellantis Enters Global EV Market with Chinese Startup Leapmotor as Partners
Stellantis, the automotive home to renowned brands like Jeep and Chrysler, has joined forces with a Chinese startup in a bid to actively participate in the intensifying global electric vehicle (EV) competition. In an announcement made on Thursday, the Dutch...
ByteDance Shifts Strategy, Exits Gaming Sector, and Initiates Layoffs
ByteDance, the Chinese tech conglomerate behind TikTok, is undergoing shifts by withdrawing from the gaming industry, resulting in the termination of hundreds of jobs. The company, headquartered in Beijing, will phase out Nuverse, the unit housing its video game studios,...
The Price Index “12 Days of Christmas” Gift List Hits a Record High
The expense of fulfilling the extravagant gift list from the classic song "The 12 Days of Christmas" has set a new record, making the True Love's holiday generosity more costly than ever before. Unlike the substantial 10.5% surge seen last...
Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.