by Teuvo Tuomi | Jan 19, 2025 | China, Culture, News, Social Media, Technology
American “TikTok refugees” have immigrated on popular Chinese social media app Xiaohongshu, “Little Red Book”. Amid TikTok’s likely closure in the US within days, some of its American users have migrated to the Chinese Instagram-like social media app. The...
by Teuvo Tuomi | Jan 17, 2025 | Indonesia, Investment, News, Reports, Technology
Indonesia’s standard VAT rate rose to 12% in January. This adjustment targets luxury goods and services while maintaining exemptions for essentials like staple foods and healthcare. For businesses, this change represents both a compliance challenge and an opportunity...
by Teuvo Tuomi | Jan 14, 2025 | AI, News, Taiwan, Technology
Taiwan Semiconductor Manufacturing Co. (TSMC) has retained its lead in the global pure-play foundry market, capturing a 64% share in Q3 2024. This is an increase from the 62% in the previous quarter, according to Counterpoint Research. Growth was driven by growing...
by Teuvo Tuomi | Jan 14, 2025 | Energy, Environment, Finland, News, Singapore, Sustainability, Technology
Finnish Neste has made the first delivery of its MY Renewable Diesel to the marine sector in Singapore. The delivery was made in cooperation with KPI Ocean Connect. According to Neste, its MY Renewable Diesel is reducing greenhouse gas (GHG) emissions in multiple...
by Teuvo Tuomi | Jan 5, 2025 | AI, China, Innovation, News, Technology
Chinese start-up DeepSeek has emerged as “the biggest dark horse” in the open-source large language model (LLM) arena in 2025 with its latest release DeepSeek V3. That assessment came from Jim Fan, a senior research scientist at Nvidia and lead of its AI Agents...
by Teuvo Tuomi | Dec 22, 2024 | AI, China, Environment, News, Technology
Under its Firefly brand, Chinese electric vehicle (EV) maker Nio has launched a new small car, which will compete with BMW’s Mini and Mercedes-Benz’s Smart. William Li, the co-founder and CEO of the Shanghai-based carmaker, says that the small and cheap model...
