Bain Capital Plans to Sell China Data Center Business Worth $4B
Bain Capital is looking to sell the China business of data centre operator WinTriX DC Group in a deal that could exceed $4 billion, according to two sources familiar with the matter. The U.S. investment firm has enlisted advisers who have held preliminary discussions with potential buyers in recent months.
IMF Downgrades Asian Growth Forecasts Amid Trade Chaos
In a world where markets crave clarity, the latest forecast from the International Monetary Fund (IMF) reads more like a warning signal. On Tuesday, the IMF revised its 2025 economic growth projections for Asia’s powerhouse economies — and it wasn’t pretty. China’s GDP is now expected to grow at just
Trump Threatens China With 50% Tariff as Global Markets Slide
Tensions flared on Monday in the U.S. President Donald Trump escalated his tariff battle with China, threatening a 50% levy on Chinese imports if Beijing does not retract its newly imposed 34% counter-tariff. The warning, issued via Trump’s Truth Social post, comes just days after his “Liberation Day” policy slapped
Hong Kong Loses the Property Tycoon Lee Shau-Kee
In the latest turn of events, Hong Kong mourns the death of the property tycoon Lee Shau-Kee, who was once considered the richest man in Asia. Moreover, in February 2025, Forbes mentioned his total net worth to be approximately $30 Bn, making him the richest man in the city. According
Chinese Company Creates Smart Tech That Understands You!
In the latest turn of events, Chinese company Baidu launched two AI models to increase its presence in the AI space and rival DeepSeek. Moreover, the company claims they have developed AI models with high emotional intelligence and deep thinking ability. The company mentioned that its AI model, “ERNIE X1
Hong Kong Slash 10,000 Civil Servant Jobs to Cut Costs
Recently, Reuters reported that Hong Kong aims to bring down its civil services jobs by 10,000 and use AI to combat the rising deficit as the country is currently struggling with weak property markets, geopolitical tensions and economic uncertainty. This has become a common trend in Asian nations to replace
$53 Billion AI Revolution: Alibaba’s Boldest Move Ever
In the latest turn of events, Alibaba Group Holding Ltd. plans to invest more than 380 billion yuan, roughly amounting to $53 billion in the coming 3 years, to develop data centres to fuel its ambition of becoming the leader in AI. Alibaba, the internet giant co-founded by Jack Ma,
Japan’s Companies Worry About Trump’s Policies’ Impact
According to the Reuters survey, 9 out of 10 companies in Japan feel threatened by US President Donald Trump’s policies. Moreover, 73% of the Reuters survey respondents claimed that Trump’s second term in the white house would harm their business environment. Further, 86% of respondents believe Trump’s policy measures will
‘China Plus One’ Drives Japanese Firms Towards India
After the COVID-19 pandemic, Japanese companies are moving forward to adopt the ‘China Plus One’ plan and diversifying their manufacturing and supply chains to reduce dependence on China. For this, they plan to establish production facilities in alternative nations, with India being a major country. Deloitte Japan CEO (Chief Executive
Alibaba’s AI Model Outperforms DeepSeek R1 AI Model
Asian countries like China are making huge waves in AI amidst the ongoing technological revolution. Recently, DeepSeek, a Chinese company, released its AI model that surpassed ChatGPT’s performance. Now, the e-commerce giant Alibaba has released its own AI model, Qwen 2.5-Max, which the company claims will beat the performance of
