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E-commerce giant Amazon in talks to buy autonomous vehicle start-up Zoox

Amazon is in talks to buy driverless vehicle start-up Zoox, according to people familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

28 minutes ago

Amazon is in talks to buy driverless vehicle start-up Zoox, according to people familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.

E-commerce giant Amazon in talks to buy autonomous vehicle start-up Zoox
Amazon writes its own TV news segments to laud coronavirus pandemic response

Several US TV news stations recently broadcast strikingly similar reports that focused on safety measures Amazon has implemented at its warehouses.

2 hours ago

Several US TV news stations recently broadcast strikingly similar reports that focused on safety measures Amazon has implemented at its warehouses.

Amazon writes its own TV news segments to laud coronavirus pandemic response
Trump tweet leads to his first Twitter fact-checking label

Two posts that made unsubstantiated claims about postal votes were flagged.

4 hours ago

Two posts that made unsubstantiated claims about postal votes were flagged.

Trump tweet leads to his first Twitter fact-checking label
YouTube deletes comments critical of China’s Communist Party

The online video-sharing giant, a division of Alphabet’s Google, said a software flaw was behind the automatic deletion of comments and not the result of a policy change.

5 hours ago

The online video-sharing giant, a division of Alphabet’s Google, said a software flaw was behind the automatic deletion of comments and not the result of a policy change.

YouTube deletes comments critical of China’s Communist Party
Ride-hailing firm Bolt, backed by China’s Didi Chuxing, valued at US$1.9 billion after funding round

Estonian ride-hailing services provider Bolt, formerly known as Taxify, a rival to Uber, operates in more than 150 cities across Europe and Africa, where it has more than 30 million users.

26 May 2020 - 9:06PM

Estonian ride-hailing services provider Bolt, formerly known as Taxify, a rival to Uber, operates in more than 150 cities across Europe and Africa, where it has more than 30 million users.

Ride-hailing firm Bolt, backed by China’s Didi Chuxing, valued at US$1.9 billion after funding round
Singapore-based CEO was paid US$18,000 a month for no work, denied multimillion-dollar ‘golden handshake’

When the world’s two biggest cement makers merged, Antoine Zenone hoped for a payout worth US$2.3 million but French court said ‘non’.

26 May 2020 - 7:00PM

When the world’s two biggest cement makers merged, Antoine Zenone hoped for a payout worth US$2.3 million but French court said ‘non’.

Singapore-based CEO was paid US$18,000 a month for no work, denied multimillion-dollar ‘golden handshake’
Samsung heir Lee Jae-yong questioned in succession-related investigation

Prosecutors are looking into a controversial merger and alleged accounting graud that may have helped Lee advance his succession-planning agenda

26 May 2020 - 3:30PM

Prosecutors are looking into a controversial merger and alleged accounting graud that may have helped Lee advance his succession-planning agenda

Samsung heir Lee Jae-yong questioned in succession-related investigation
Ex-Coutts banker on trial over US$700 million transfer from Malaysia’s 1MDB to billionaire Jho Low

The transfer was approved after Jho Low told Coutts that 1MDB was investing in his firm and that he had close ties to the Malaysian king and then-PM Najib Razak.

26 May 2020 - 8:37PM

The transfer was approved after Jho Low told Coutts that 1MDB was investing in his firm and that he had close ties to the Malaysian king and then-PM Najib Razak.

Ex-Coutts banker on trial over US$700 million transfer from Malaysia’s 1MDB to billionaire Jho Low
Rich Chinese eye luxury properties from Singapore to Sydney, ahead of anticipated weaker yuan

As coronavirus restrictions ease, wealthy Chinese buyers are hitting up property hotspots like Shanghai, Seoul and Sydney.

26 May 2020 - 12:00PM

As coronavirus restrictions ease, wealthy Chinese buyers are hitting up property hotspots like Shanghai, Seoul and Sydney.

Rich Chinese eye luxury properties from Singapore to Sydney, ahead of anticipated weaker yuan
Lasertec, a tiny maker of US$40 million chip testing machines, is Japan’s hottest stock thanks to EUV

Lasertec is the world’s only maker of testing machines required to verify chip designs for the nascent extreme ultraviolet lithography, or EUV, method of chipmaking

26 May 2020 - 9:58PM

Lasertec is the world’s only maker of testing machines required to verify chip designs for the nascent extreme ultraviolet lithography, or EUV, method of chipmaking

Lasertec, a tiny maker of US$40 million chip testing machines, is Japan’s hottest stock thanks to EUV
Richard Branson’s Virgin Orbit fails first rocket launch attempt

Crucial test of system designed to rival Elon Musk’s SpaceX ended shortly after rocket was released from Boeing 747.

26 May 2020 - 8:04PM

Crucial test of system designed to rival Elon Musk’s SpaceX ended shortly after rocket was released from Boeing 747.

Richard Branson’s Virgin Orbit fails first rocket launch attempt
Tencent to become largest shareholder in Japanese video games developer Marvelous

Chinese internet giant Tencent, which runs the world’s largest video games business by revenue, is expected to leverage its ties with Marvelous to develop its ability to create new console gaming titles.

25 May 2020 - 5:33PM

Chinese internet giant Tencent, which runs the world’s largest video games business by revenue, is expected to leverage its ties with Marvelous to develop its ability to create new console gaming titles.

Tencent to become largest shareholder in Japanese video games developer Marvelous
Coronavirus: Japan lifts state of emergency nationwide, considers US$930 billion stimulus plan

Safe distancing curbs were removed for most of Japan on May 14 as new infections fell but the government had kept Tokyo and four other prefectures under watch.

25 May 2020 - 9:52PM

Safe distancing curbs were removed for most of Japan on May 14 as new infections fell but the government had kept Tokyo and four other prefectures under watch.

Coronavirus: Japan lifts state of emergency nationwide, considers US$930 billion stimulus plan
Huawei said to ask Samsung, SK Hynix for stable supply of memory chips

The world’s largest telecommunications equipment supplier is one of the five biggest clients for Samsung and SK Hynix, spending around US$8.1 billion to buy memory chips from the two South Korean companies every year.

25 May 2020 - 3:58PM

The world’s largest telecommunications equipment supplier is one of the five biggest clients for Samsung and SK Hynix, spending around US$8.1 billion to buy memory chips from the two South Korean companies every year.

Huawei said to ask Samsung, SK Hynix for stable supply of memory chips
China’s US$941 billion sovereign fund seeks more resilient assets to improve on 17 per cent gain in 2019

China Investment Corp is looking for more resilient assets in markets battered by the coronavirus pandemic to improve returns, Executive Vice President Zhao Haiying said in an interview.

24 May 2020 - 11:02PM

China Investment Corp is looking for more resilient assets in markets battered by the coronavirus pandemic to improve returns, Executive Vice President Zhao Haiying said in an interview.

China’s US$941 billion sovereign fund seeks more resilient assets to improve on 17 per cent gain in 2019
From coastline to rooftops, Singapore boosts local production to survive a global food crisis

The city state has plotted a three-pronged strategy to cushion against widespread supply disruptions and achieve greater food security.

23 May 2020 - 10:49PM

The city state has plotted a three-pronged strategy to cushion against widespread supply disruptions and achieve greater food security.

From coastline to rooftops, Singapore boosts local production to survive a global food crisis
Kim Jong-un’s train and car spotted in greater Pyongyang area, report says

The US believes the North Korean leader is currently in Kangdong county, located northeast of central Pyongyang City.

23 May 2020 - 9:37PM

The US believes the North Korean leader is currently in Kangdong county, located northeast of central Pyongyang City.

Kim Jong-un’s train and car spotted in greater Pyongyang area, report says
Singapore aims to keep coronavirus contact tracing app voluntary, considers other devices

Singapore is looking into other contact tracing devices, such as a dongle that could boost participation by mitigating the loss of phone battery life.

23 May 2020 - 2:25PM

Singapore is looking into other contact tracing devices, such as a dongle that could boost participation by mitigating the loss of phone battery life.

Singapore aims to keep coronavirus contact tracing app voluntary, considers other devices
Credit Suisse targets Luckin Coffee ex-billionaire’s family assets to recoup losses after stock toast

Lenders led by Credit Suisse are targeting the family assets of Luckin Coffee chairman Lu Zhengyao as they try to recoup losses on more than US$500 million (HK$3.9 billion) in soured loans.

22 May 2020 - 4:16PM

Lenders led by Credit Suisse are targeting the family assets of Luckin Coffee chairman Lu Zhengyao as they try to recoup losses on more than US$500 million (HK$3.9 billion) in soured loans.

Credit Suisse targets Luckin Coffee ex-billionaire’s family assets to recoup losses after stock toast
Coronavirus social distancing adds US$1.2 billion into Kakao founder Brian Kim’s fortune

The abrupt halt in person-to-person interactions caused by the pandemic has triggered a surge in communication on KakaoTalk.

22 May 2020 - 9:39PM

The abrupt halt in person-to-person interactions caused by the pandemic has triggered a surge in communication on KakaoTalk.

Coronavirus social distancing adds US$1.2 billion into Kakao founder Brian Kim’s fortune
Following Hong Kong security law news, NordVPN and other VPN downloads see surge

China’s lawmakers are expected to discuss a new security law at the annual session of the National People’s Congress.

22 May 2020 - 1:57PM

China’s lawmakers are expected to discuss a new security law at the annual session of the National People’s Congress.

Following Hong Kong security law news, NordVPN and other VPN downloads see surge
Tencent-backed grocery start-up Missfresh closes in on US$500 million fundraising as Covid-19 boosts demand

Missfresh is said to be on the verge of closing US$500 million of new financing to quicken expansion after the Covid-19 outbreak bolstered demand for fresh groceries

22 May 2020 - 11:17AM

Missfresh is said to be on the verge of closing US$500 million of new financing to quicken expansion after the Covid-19 outbreak bolstered demand for fresh groceries

Tencent-backed grocery start-up Missfresh closes in on US$500 million fundraising as Covid-19 boosts demand
Samsung takes another step in US$116 billion plan to take on chip maker TSMC

South Korea’s largest company has started construction on a new fabrication plant that is dedicated to its made-to-order chip foundry business, an arena that Taiwan Semiconductor Manufacturing Co dominates.

21 May 2020 - 10:14PM

South Korea’s largest company has started construction on a new fabrication plant that is dedicated to its made-to-order chip foundry business, an arena that Taiwan Semiconductor Manufacturing Co dominates.

Samsung takes another step in US$116 billion plan to take on chip maker TSMC
New low in India-Nepal relations as anger over border road, coronavirus comes to a head

Nepal’s PM has blamed India for the spread of Covid-19 in his country and accused Delhi of building a road that encroaches on the nation’s territory

21 May 2020 - 8:22PM

Nepal’s PM has blamed India for the spread of Covid-19 in his country and accused Delhi of building a road that encroaches on the nation’s territory

New low in India-Nepal relations as anger over border road, coronavirus comes to a head
A380 set to become aircraft industry’s first coronavirus victim

The world’s largest airliner is proving to be too big to survive in many airline fleets.

21 May 2020 - 1:26PM

The world’s largest airliner is proving to be too big to survive in many airline fleets.

A380 set to become aircraft industry’s first coronavirus victim
China has new US$1.4 trillion plan to seize the world’s tech crown from the US

The tech investment push is part of a fiscal package waiting to be signed off by China’s legislature, the National People’s Congress, which convenes this week.

21 May 2020 - 9:46PM

The tech investment push is part of a fiscal package waiting to be signed off by China’s legislature, the National People’s Congress, which convenes this week.

China has new US$1.4 trillion plan to seize the world’s tech crown from the US
TikTok-owner ByteDance said to surpass US$100 billion in private market value

The Chinese company has grown into a potent online force in recent years, propelled in part by TikTok, a short video platform that has taken US teenagers by storm.

20 May 2020 - 6:39PM

The Chinese company has grown into a potent online force in recent years, propelled in part by TikTok, a short video platform that has taken US teenagers by storm.

TikTok-owner ByteDance said to surpass US$100 billion in private market value
Coronavirus: Singapore sees cheap rapid test kits, vaccine as key to quick economic recovery

Trade and Industry Minister Chan Chun Sing said rapid test kits would aid in resuming global travel and other activities that require lots of social interaction.

20 May 2020 - 5:00PM

Trade and Industry Minister Chan Chun Sing said rapid test kits would aid in resuming global travel and other activities that require lots of social interaction.

Coronavirus: Singapore sees cheap rapid test kits, vaccine as key to quick economic recovery
Chinese genetic firm BGI raises White House ire with Middle East coronavirus tests while US struggles to provide adequate kits

The US government’s warning that Beijing could glean information of intelligence value from its coronavirus tests doesn’t seem to be holding much sway over US allies, as China turns its experience in managing the crisis into a global opportunity.

20 May 2020 - 4:14PM

The US government’s warning that Beijing could glean information of intelligence value from its coronavirus tests doesn’t seem to be holding much sway over US allies, as China turns its experience in managing the crisis into a global opportunity.

Chinese genetic firm BGI raises White House ire with Middle East coronavirus tests while US struggles to provide adequate kits
What to expect at China’s NPC 2020: Reduced economic growth and life after Covid-19

The full session of the National People’s Congress is China’s biggest political meeting of the year.

21 May 2020 - 4:56PM

The full session of the National People’s Congress is China’s biggest political meeting of the year.

What to expect at China’s NPC 2020: Reduced economic growth and life after Covid-19