Sony cuts PlayStation 5 sales forecast to 21 million units after posting record revenue
Sony cut its sales forecast for its flagship PlayStation 5 console on Wednesday, after warning of weaker transactions in its key gaming division.
Arjun Kharpal in asian news
China may be making more advanced chips despite U.S. sanctions — but it still faces big problems
China's biggest chipmaker SMIC seems to have been manufacturing advanced chips in the last few months — defying U.S. sanctions designed to slow down Beijing's progress.
China e-commerce player Temu is about to run its second Super Bowl ad — and do $10 million in giveaways
Temu, the e-commerce app run by Chinese company PDD Holdings, plans to run a Super Bowl ad on Sunday, a spokesperson told CNBC, as it looks to continue growing rapidly in the United States.
UK opens antitrust probe into Vodafone merger with CK Hutchison's Three mobile network
Britain's competition watchdog on Friday said it is opening an investigation into the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison.
Elon Musk says Chinese EV makers will 'pretty much demolish' most competitors without trade barriers
Elon Musk said Chinese electric auto makers will find "significant" success outside of China, even as his firm, Tesla, faces intense competition from these same companies.
Tesla shares close down 12% after automaker warns of slowdown
Tesla shares closed down 12% Thursday, their biggest drop in over a year, a day after the company reported earnings that missed expectations and warned of a slowdown in 2024.
Apple takes top spot in China's smartphone market for the first time as Huawei returns to the top 5
Apple for the first time became the largest smartphone vendor in China by shipments, new data for 2023 released on Thursday showed.
Nokia jumps 7% as it announces $653 million share buyback program, warns of challenging 2024
Nokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023.