The future of shopping will not be decided in Silicon Valley. The decision will be made in Jakarta, Mumbai, Singapore, and Shanghai, and the rest of the world should pay close attention.
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US prosecutors suspect a Thai AI company assisted in smuggling Nvidia chips to China, involving Alibaba and other entities in the scheme.
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U.S. authorities suspect that a Bangkok-based company, OBON Corp., has been facilitating the illegal export of advanced Nvidia chips and Super Micro Computer servers to China.
Read moreDetailsChinese tech stocks saw significant losses, as the Hang Seng Tech Index fell 3.8%. Xiaomi's shares plunged 6% following a $5.5 billion fundraising effort, further dampening market sentiment amid updates from Alibaba and Sunny Optical.
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The emergence of DeepSeek, a Chinese AI startup, has sparked a re-rating of Chinese stocks and a shift in investor sentiment towards Chinese tech companies.
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Alibaba's Jack Ma attended a meeting with Chinese President Xi Jinping, joining other prominent entrepreneurs to discuss key issues impacting the business landscape in China.
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Alibaba claims its Qwen 2.5 Max AI model outperforms DeepSeek, highlighting superior performance metrics and advancements in artificial intelligence capabilities compared to existing models.
Read moreDetailsUOB offers financial solutions such as UOB Biztrade+, UOB Trade Finance, UOB FX, and Trade Credit Insurance to reduce barriers to accessing capital for businesses and make selling online to international markets more convenient.
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