Apple to open first store in Malaysia as Asia expansion continues
Apple plans to open its first store in Malaysia next month, the company said Wednesday, underscoring a bigger push into the Asia region beyond China.
Asian news from China
How Temu parent PDD dethroned Alibaba to become China's most valuable e-commerce company
PDD's value-for-money positioning and growth of its Temu marketplace has helped the company lead China's e-commerce arena, analysts said, making it the country's most valuable company in the segment.
China's $47.5 billion chip fund will likely focus on AI amid U.S. export curbs, NYU professor says
China set up a multibillion-dollar state-backed investment chip fund last week — and one observer says it will likely focus on advanced chips for AI and establishing the entire supply chain.
Indonesia's new capital draws water businesses from East Asia
BALI, Indonesia -- Water infrastructure companies from Japan, China and South Korea are eager take part in Indonesia's ambitious multibillion-dollar project to build a new capital, as the first phase of the relocation is set to start in August.
U.S. picks Asia hand as new de facto envoy to Taiwan
TAIPEI -- The U.S. has appointed an experienced Asia hand as its de facto ambassador to Taiwan, as the two foster growing trade and unofficial relations amid rising tensions with China.
Japan-China-South Korea talks are good for regional stability
Japan, China and South Korea held their first leaders' summit in four and a half years in Seoul on May 27. The three countries issued a joint declaration that called for wide-ranging cooperation, including resuming negotiations on a free trade agreement. The meeting carries great significance, as efforts by these governments to kick-start dialogue are crucial to bringing stability to East Asia, where tensions are rising.
IMF lifts China growth outlook but warns on property and trade troubles
BEIJING -- The International Monetary Fund on Wednesday raised China's economic growth outlook but said additional policies are required to support its struggling housing market.
Cambodia deputy PM says Japanese investment to help curb its China dependence
TOKYO -- Cambodia expects growing Japanese investment to help curb its economic dependence on China, the Southeast Asian nation's deputy prime minister told Nikkei Asia.