China

The Chinese tech giant seeks alternative revenue sources to mitigate impact of the US chip ban.

Guangdong Lingcun Integrated Circuit secures $30 million in funding to establish China’s first fully automated flash memory chip testing production line.

The Chinese tech giant’s January-March revenue misses analyst bets with a 2% growth.

Data from the WorldFirst platform revealed that the number of export markets for Chinese SMEs doubled year-on-year in Q1 2023, with some exporters selling to as many as 42 overseas markets.

Alipay+ e-wallets can now be used to pay at 11,000 stalls in Singapore’s hawker centres, coffee shops, wet markets, and canteens.

The move comes as the Chinese tech giant divides into six units in a historic overhaul.

Shein is facing challenges from tariffs, competition, declining revenue growth and user data, and a stricter quality control mechanism for suppliers.

ByteDance, the parent company of TikTok, is set to report profits of USD 25 billion this year, an increase of almost 80%.