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SoftBank has sold off or written down $29 billion in U.S. Vision Fund assets as Masayoshi Son tries to get his mojo back by turning to AI and chips
Tech

SoftBank has sold off or written down $29 billion in U.S. Vision Fund assets as Masayoshi Son tries to get his mojo back by turning to AI and chips

By Min Jeong Lee and Bloomberg
May 10, 2024
South Korea’s president is establishing a new ministry to boost the country’s birth rate, the world’s lowest, after a bruising election loss
Leadership

South Korea’s president is establishing a new ministry to boost the country’s birth rate, the world’s lowest, after a bruising election loss

By Soo-Hyang Choi, Shinhye Kang, Seyoon Kim and Bloomberg
May 9, 2024
Tesla sends its former Asia head back to China as sales of its Shanghai-made EVs plunged 18% in April
Tech

Tesla sends its former Asia head back to China as sales of its Shanghai-made EVs plunged 18% in April

By Dana Hull and Bloomberg
May 8, 2024
HSBC CEO Noel Quinn, who pivoted Europe’s largest bank back towards Asia, unexpectedly steps down
Finance

HSBC CEO Noel Quinn, who pivoted Europe’s largest bank back towards Asia, unexpectedly steps down

By Harry Wilson, Ambereen Choudhury and Bloomberg
April 30, 2024
Chinese medical devices are the latest goods to be targeted by the EU, following probes into China-made EVs, wind turbines and solar panels
Tech

Chinese medical devices are the latest goods to be targeted by the EU, following probes into China-made EVs, wind turbines and solar panels

By Alberto Nardelli and Bloomberg
April 24, 2024
Chinese suppliers shrug off U.S. tariff threats as customers flock to their cheap goods: ‘Even a 50% tariff won’t come close to driving them away’
Finance

Chinese suppliers shrug off U.S. tariff threats as customers flock to their cheap goods: ‘Even a 50% tariff won’t come close to driving them away’

By
April 24, 2024
Hong Kong’s bankers can earn 70% more than their peers in Singapore—and that’s putting them at risk of layoffs
Finance

Hong Kong’s bankers can earn 70% more than their peers in Singapore—and that’s putting them at risk of layoffs

By Denise Wee and Bloomberg
April 22, 2024
China’s EV price war flares up again after Tesla drops the cost of some models to the lowest point in 5 years
Tech

China’s EV price war flares up again after Tesla drops the cost of some models to the lowest point in 5 years

By Peter Vercoe and Bloomberg
April 22, 2024
Apple removes Meta-owned WhatsApp and Threads from its China app store after Beijing deemed them national security risks
Tech

Apple removes Meta-owned WhatsApp and Threads from its China app store after Beijing deemed them national security risks

By Mark Gurman, Sarah Zheng and Bloomberg
April 19, 2024
Japan’s chip companies are fighting with ski resorts for construction workers as they try to build a new plant in chilly Hokkaido
Tech

Japan’s chip companies are fighting with ski resorts for construction workers as they try to build a new plant in chilly Hokkaido

By Takashi Mochizuki, Yuki Furukawa and Bloomberg
April 15, 2024
The world’s biggest memory-chip maker is set to unveil a $44 billion project in Texas, notching another win for U.S. semiconductor production
Tech

The world’s biggest memory-chip maker is set to unveil a $44 billion project in Texas, notching another win for U.S. semiconductor production

By MacKenzie Hawkins, Julie Fine, Yoolim Lee and Bloomberg
April 12, 2024
One of China’s top bankers steps down after his brother, known as the ‘broker butcher,’ becomes the country’s chief markets regulator
Finance

One of China’s top bankers steps down after his brother, known as the ‘broker butcher,’ becomes the country’s chief markets regulator

By
April 11, 2024
A joint booth set up by Blizzard and NetEase Games at Chinajoy on August 2, 2019 in Shanghai, China.
Tech

Warcraft will return to China, the world’s biggest video game market, as Microsoft-owned Blizzard and NetEase make up after a year-long feud

By Sabrina Mao, Zheping Huang and Bloomberg
April 10, 2024
Leading chipmaker TSMC evacuates staff and pauses some machinery after Taiwan’s largest earthquake in a quarter-century
Tech

Leading chipmaker TSMC evacuates staff and pauses some machinery after Taiwan’s largest earthquake in a quarter-century

By Debby Wu and Bloomberg
April 3, 2024
U.S. Commerce Secretary Gina Raimondo wants to double the size of the Philippines’ chip industry to fix a ‘way too concentrated’ supply chain
Tech

U.S. Commerce Secretary Gina Raimondo wants to double the size of the Philippines’ chip industry to fix a ‘way too concentrated’ supply chain

By Cliff Venzon and Bloomberg
March 12, 2024

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