OSAKA, Japan -- Japanese machine maker Kubota is considering alternative procurement routes, including through the Red Sea, for plastics to get around the de facto closure of the Strait of Hormuz, executives said at the company's general shareholders meeting on Thursday.
Alibaba aims for $100bn cloud, AI revenue after posting 66% profit drop
HONG KONG -- Alibaba Group aims to surpass $100 billion in combined cloud and AI external revenue over the next five years, CEO Eddie Wu said on Thursday, after the tech giant posted disappointing quarterly earnings that led to a sharp fall in its shares in New York.
US findings about Takaichi's Taiwan comments 'inaccurate': Japan
TOKYO -- Japan on Thursday refuted the findings of a report from the U.S. Office of the Director of National Intelligence released on Wednesday, which stated that Prime Minister Sanae Takaichi's comments that a Taiwan crisis could constitute a survival-threatening situation for Japan represents "a significant shift for a sitting Japanese prime minister."
CK Hutchison vows to use 'great war chest' of cash as profits show strain
TOKYO/HONG KONG -- CK Hutchison Holdings and CK Asset Holdings, the two flagship conglomerates of Hong Kong tycoon Li Ka-shing's family, reported weaker bottom lines Thursday, while management stressed that the group has the resilience and cash to cope with geopolitical and property market pressure.
Nvidia's $1tn rise puts spotlight on Asian suppliers' emissions
SAN JOSE, California -- As Jensen Huang wowed a packed arena on Monday with his projection that Nvidia would rack up $1 trillion in revenue in just two years, a truck driving around outside the venue flashed three billboards.
Alibaba Q4 profit slides 66%, missing estimates
HONG KONG -- Alibaba's net profit for the October-December quarter plunged 66% to 15.63 billion yuan ($2.2 billion), as the Chinese conglomerate continues to invest massively in AI and burn through cash in its rivalry with Meituan in the "quick commerce" sector.
A test for chip testing and SoftBank's stumble
Hello everyone, it's Cissy, bringing you another AI-heavy #techAsia newsletter from Hong Kong this week.
Everything is about artificial intelligence these days, and you're seen as lagging behind if you aren't talking about it. Earlier this week, I had dinner with a fellow journalist visiting from the mainland, and we discussed how our overlapping beats have shifted. He even suggested that interest in sectors like e-commerce is starting to fade as AI takes center stage.
Despite having zero coding experience
BOJ stands pat as chief Ueda says rising oil price could drag on economy
TOKYO -- The Bank of Japan on Thursday decided to keep its benchmark interest rate unchanged, maintaining a cautious stance with Gov. Kazuo Ueda stressing that developments in the Middle East and oil prices could put downside pressure on the economy.
Yen resists weakening to 160 per dollar with BOJ future hikes still in play
TOKYO -- The Japanese yen flirted with the key psychological level of 160 against the U.S. dollar on Thursday before reversing course, as investors judged that the Bank of Japan had left the door open to monetary policy normalization after its policy board meeting.
CK Hutchison profits strained by 'unprecedented' trade and other tensions
TOKYO -- CK Hutchison Holdings and CK Asset Holdings, the two flagship conglomerates of Hong Kong tycoon Li Ka-shing's family, said Thursday that their bottom lines for the previous year deteriorated, as the group moves to sell assets and grapples with geopolitical challenges.