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Chinese bloggers say Tesla has threatened legal action for sending negative content about the US carmaker as it struggles with the wave of bad publici

JD.com’s logistics team aims to raise $ 3.4 billion in the Hong Kong IPO JD Logistics, the distribution unit of China’s JD.com trading group, will seek $ 3.4 billion in revenue that would be one of the largest initial public offerings in Hong Kong this year. The company’s listing decision was due to the rise in online shopping in the coronavirus pandemic. But a a tougher regulatory environment For Chinese technology groups and the recent drop in shares of SF Holding, one of JD Logistics ’biggest competitors, the company’s proposed IPO price has dropped by a quarter, according to a p...

SoftBank-backed Coupang quarterly losses fell 180% South Korea’s Coupang, an e-commerce group backed by SoftBank, has reported a quarterly increase in losses despite the Covid-19 pandemic despite its record sales. The company said Wednesday that its net loss for its first quarter fell 180 percent to $ 295 million a year, while revenue was $ 74 billion at $ 4.2 billion. The loss has been slightly worse than analysts forecast. The disappointing results for Coupang were the first after the online trader high-end stock market debut In New York, in March, it was valued at more than $ 80 billion...

Samsung waits for US and Chinese challenges in global chip wars When Chinese leader Xi Jinping, U.S. President Joe Biden and European Commission President Ursula von der Leyen announced their intention to spend billions to reduce their dependence on computer chips abroad, it seemed that the global supply chain would be distorted. Analysts and Samsung, the world’s largest producer of memory chips, do not expect to replace the South Korean team soon. “I think we can maintain our market share in the near future unless we increase it,” a senior Samsung official told the Financial Times at ...

/PRNewswire/ -- The Infocomm Media Development Authority (IMDA), Informa Tech and the Singapore Tourism Board (STB) announced new details around Asia Tech x...