CLN KraneShares Key News Asian equities had a strong day, with Japan, Hong Kong, South Korea, and Taiwan posting +2% returns, with Australia the only market down overnight. Hong Kong had a strong night led higher by internet stocks on a strong volume of 133% of the 1-year average and strong breadth with 410 advancers …
Tencent has made it easier for visitors to mainland China to register for a WeChat account and to link international cards to Weixin Pay. In addition, Weixin Pay is exploring interoperability with more overseas eWallets, Tencent said in a Friday (April 12) press release. Overseas users can register for a WeChat account with an overseas mobile number, fill …
The 21st century has witnessed an unprecedented surge in technological advancements, with artificial intelligence emerging as a worldwide transformative force across the economy. The integration of AI-based technologies into regional economies through the manufacturing and design of goods such as smartphones and smart speakers has sparked significant changes, leading to increased efficiency, innovation and economic …
INVESTORS IN CHINESE tech stocks might feel like characters in an online “party game”, a type of multiplayer activity that became all the rage in 2023. The latest addition to the genre is “DreamStar”, released on December 15th by Tencent, China’s biggest digital giant, with a big gaming business. Players speed around a track as …
Chinese tech giants Alibaba and Baidu have pulled out of the quantum computing race after shutting down their research units just over a month apart from each other. But experts say it would be premature to read this any marked cooling of China’s overall interest in quantum computing. Last November, the e-commerce and cloud computing …
Honour of Kings, the blockbuster video game from market leader Tencent Holdings, will return to ByteDance’s short video app Douyin as the two internet giants bury the hatchet following the TikTok owner’s decision to exit the sector. The Shenzhen-based social media and gaming giant and Beijing-based ByteDance have fought years of bidding wars over Chinese …
LLMs are deep-learning AI algorithms that can recognise, summarise, translate, predict and generate content using very large data sets. While the arrival of ChatGPT has spurred a frenzy among Chinese tech companies to develop domestic rivals, from Baidu’s Ernie Bot to Alibaba Group Holding’s LLM Tongyi Qianwen, the field is still led by US companies, …
Britain’s antitrust watchdog said on Wednesday it had started an investigation into Microsoft $68.7 billion (roughly Rs. 5,431,35 crore) deal to buy Call of Duty maker Activision Blizzard. The Competition and Markets Authority (CMA) said it had until September 1 to make its phase 1 decision on whether the deal between the US technology company …
Microsoft has not offered any remedies to EU antitrust regulators reviewing its proposed $69 billion (nearly Rs. 5,71,400 crore) bid for Call of Duty maker Activision Blizzard ahead of an expected full-scale EU probe, a person familiar with the matter said on Monday. The US software company is betting on the acquisition to help it compete better with leaders …
Step into the highest floor of Krafton’s headquarters, a sleek glass-and-steel building in Seoul’s upscale Gangnam neighborhood, and you’ll be greeted by a massive curved screen. On a cloudy November morning, the screen showcases Krafton’s latest collaborations, including a partnership with K-pop sensation Blackpink for an in-game concert. However, what truly defines this South Korean …