Asia

Li Auto Inc (NASDAQ:LI) reported fiscal first-quarter 2024 revenue growth of 36.4% year-on-year to $3.55 billion, missing the analyst consensus estimate of $3.84 billion.  Adjusted net earnings per ADS was $0.17 missed the analyst consensus estimate of $0.35. The...

Baidu, Inc (NASDAQ: BIDU) reported a fiscal first-quarter 2024 revenue growth of 1% year-on-year to $4.37 billion, beating the analyst consensus estimate of $4.32 billion.  Baidu's adjusted earnings per ADS of $2.76 beat the analyst consensus estimate of $2.30....

Nvidia Corp. (NASDAQ:NVDA) shares were trading higher before the opening bell on Thursday, following a pullback in the previous session caused by concerns over supply-chain constraints stemming from a powerful earthquake in Taiwan. Nvidia assured investors its supplies from Taiwan...

The rise of deepfake videos of political leaders in Asia has sparked concerns about potential election interference. The use of deepfake technology to create convincing fake videos of political leaders has been on the rise, raising questions about the region’s readiness to combat this form of...

Following Tesla Inc.’s (NASDAQ:TSLA) disappointing fourth-quarter results, the stock prices of its Asian suppliers and electric vehicle (EV) competitors have taken a hit. What Happened: As reported by CNBC, Tesla’s shares fell on Wednesday after the company’s fourth-quarter...

Global investors are turning their attention to Asia, lured by the region’s soaring computing and data storage needs, driven primarily by the surge in artificial intelligence (AI) and cloud services. Private equity firms KKR & Co Inc (NYSE:KKR) and Bain Capital ...

The upgraded Tesla Model 3 has started reaching customers in China, marking a significant milestone for Tesla Inc. (NASDAQ:TSLA). What Happened: Celebrations are in order as Tesla commences the first deliveries of the upgraded Model 3. The news was shared by Tesla’s Asia unit on...

In the aftermath of a substantial money laundering scandal involving S$2.4 billion ($1.8 billion) last month, banks based in Singapore have increased their vigilance towards clients of Chinese origin who possess foreign passports. What Happened: According to sources, several financial institutions...

In a shocking incident, a significant Bitcoin (CRYPTO: BTC) investment loss led to a domestic dispute and a prolonged police standoff in central Thailand, according to a report by Thaiger, a local publication, earlier in the week. What Happened: The incident involved a 35-year-old man, Kritsada,...

The Taliban’s severe restrictions have triggered a significant rise in female suicides in Afghanistan, indicating a brewing mental health crisis. The Guardian reported on Sunday, that since the Taliban seized control in 2021, there has been a concerning increase in the...

President Joe Biden revealed plans to visit Vietnam in a bid to enhance U.S. relations with Asian countries and counter Xi Jinping's China influence, Bloomberg reports. Speaking at a Democratic fundraiser in Albuquerque, New Mexico, Biden emphasized Vietnam’s interest in transforming their...

In a recent exchange on Twitter, Tesla Asia highlighted the superior performance of electric vehicles (EVs) in high-altitude areas. What Happened: The conversation took place when a Tesla enthusiast shared a photo of a Tesla Model Y at the foot of the Mount Everest. Responding to the tweet, Tesla...

The Malaysian ringgit’s slide towards a 24-year low has raised expectations that the Bank Negara Malaysia (BNM) will intervene to halt the decline. The currency has fallen more than 5% in the past three months, underperforming all its emerging Asian peers due to domestic political...

In a retaliatory move, the Cambodian government has announced a ban on members of Meta’s oversight board from entering the country. This decision comes in response to the board’s recommendation to suspend Prime Minister Hun Sen‘s Facebook account for six months, Nikkei Asia...

In a stark reminder of Japan’s rapidly declining birthrate, the number of households in the country with children fell below 10 million in 2022 for the first time since comparable data became available in 1986, as reported on Tuesday. What Happened: The number of households with children...