Business
Japanese semicon photomask maker Tekscend breaks ground on new Singapore plant, set to create 60 jobs
New plant will be fully operation end-2026 or early 2027; aims to serve customers in Singapore, Malaysia and India Tekscend Photomask…
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EV truck maker Rivian is laying off hundreds amid a slowdown in demand
The electric truck and SUV company Rivian will lay off hundreds of employees in an attempt to save cash as federal support for electric…
Business
Noodle maker Leong Guan lodges preliminary document for IPO on SGX Catalist board
The food manufacturing and distribution company specialises in fresh noodle and soya bean-based beancurd products Food manufacturing and…
Business
China EV maker Nio surges 5% following equity offering completion of more than US$1 billion
Both its Hong Kong-listed shares and those traded on the SGX jump on Friday morning Shares of Chinese electric-vehicle (EV) maker Nio rose…
Business
China EV maker Nio surges 4% following equity offering completion of more than US$1 billion
Shares of Chinese electric-vehicle (EV) maker Nio rose by 4.2 per cent on Friday (Sep 19) on the Singapore Exchange (SGX), after the…
Business
Chinese battery maker CATL expects Hungarian production to start by early 2026
The battery maker has been extending its lead in the EV battery market, with a 38% share globally in 2024, up from 36% a year earlier…
Business
Chinese solar maker calls turning point for embattled industry
To help fix the industry, major firms intend to establish a fund of at least 50 billion yuan this quarter to purchase and shut down over…
Business
EV maker Nio posts 0.3% wider Q2 net loss of 5.1 billion yuan despite top-line growth
Chinese electric vehicle (EV) maker Nio announced on Tuesday (Sep 2) that its net loss deepened by 0.3 per cent on the year to 5.1 billion…
Business
Whisky maker Suntory’s CEO resigns after possible purchase of illegal supplements
Suntory Holdings CEO Takeshi Niinami, one of Japan’s best-known business leaders, has resigned from the beverage group following a police…
Business
ChatGPT maker touts how AI benefits Californians amid safety concerns
OpenAI, the maker of popular chatbot ChatGPT, outlined how artificial intelligence is creating jobs and making Californians more…
Business
Chinese surgical robot maker Edge Medical said to file for Hong Kong IPO
The company is looking to raise about US$150 million to US$200 million as soon as this year Chinese surgical robot firm Edge Medical,…
Business
Temasek-backed Chinese surgical robot maker Edge Medical said to file for Hong Kong IPO
The company is looking to raise about US$150 million to US$200 million as soon as this year Chinese surgical robot firm Edge Medical,…
Business
US chip-gear maker sued in China over alleged trade secret theft
Top US chip-equipment supplier Applied Materials was sued by a rival in China over what that company characterised as trade secret theft,…
Business
Chinese flu shot maker soars in Hong Kong trading debut
Ab&B is also the last company to go public in the city under listing rules that allowed retail investors to grab as much as half of all…
Business
Chinese drone maker DJI shut out of Washington with US market at risk
Chinese-owned and operated DJI Technologies is up against an end-of-year deadline to keep its US business alive, and the drone maker is…
Business
Chinese battery maker CATL reports faster profit growth in second quarter
Chinese electric vehicle (EV) battery giant Contemporary Amperex Technology Co Limited’s (CATL) net profit growth picked up in the second…
News
'Call of Duty' maker goes to war with 'parasitic' cheat developers in L.A. federal court
Two summers ago, the Santa Monica-based company behind the popular video game “Call of Duty” sent a letter to a 24-year-old man in…
Business
Uber to invest US$300 million in EV maker Lucid as part of robotaxi deal
Uber will invest US$300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major US city late next…
Business
Haagen-Dazs maker prices debt for 4.4 billion euros payout to owners
Froneri International, the maker of Haagen-Dazs ice cream, is wrapping up commitments for a debt deal to help fund one of the largest…
Business
Meta invests US$3.5 billion in world’s largest eyewear maker in AI glasses push
Meta Platforms bought a minority stake in the world’s largest eyewear maker EssilorLuxottica, a deal that increases the US tech giant’s…
Business
Thai coconut water maker IFBH’s shares jump in Hong Kong debut
Shares of Thai coconut-water maker IFBH rose as much as 67 per cent on their first day of trading in Hong Kong following a HK$1.16 billion…
Business
Apple to Acquire Perplexity AI? iPhone Maker Reportedly Eyeing Major Leap Ahead
Apple is said to be mulling over the possibility of acquiring Perplexity, an AI startup behind AI forays into search tools and chatbot…
Business
AI toys and games? Barbie maker Mattel teams up with OpenAI to create new products
Your next toy or game may be able to converse with you. Mattel, the El Segundo toy maker behind Barbie and Hot Wheels, said Thursday that…
Business
EV maker VinFast’s Q1 loss widens on higher spending as deliveries rise
Vietnamese electric vehicle maker VinFast on Monday (Jun 9) reported its sixth consecutive quarterly net loss as it continues to ramp up…