Competition
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Asia loan bankers brace for competition, thinner margins in 2026
Banks are also targeting more deals from holding companies this year, as they can fetch higher margins of 4% to 5% [SINGAPORE] Loan bankers in Asia are bracing for an…
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China probes competition among food delivery platforms to curb price war
Despite a government campaign to rein in overcapacity and stabilise prices, its consumer prices ended 2025 the same as 2024 [BEIJING] China will investigate cut-throat competition among food delivery platforms…
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Ikea to close seven shops in China amid competition, weak demand
The restructuring is aimed at directing resources to channels closer to consumers [BEIJING] Ikea will shutter seven of its signature blue-box furniture stores across China and pivot to smaller outlets,…
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Tesla UK car sales slump 29% in December as competition heats up: data
TESLA’S UK car registrations dropped by more than 29 per cent year-on-year in December, industry data showed on Tuesday, underscoring the intense competition faced by the US electric vehicle maker…
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Nvidia CEO Huang touts automotive AI at CES talk as competition mounts
[LAS VEGAS] Nvidia CEO Jensen Huang on Monday touted new software the company is releasing for autonomous cars in a keynote at the Consumer Electronics Show in Las Vegas, where…
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Competition watchdog seeks feedback on SP Mobility’s purchase of fellow charging point operator
The SP Group subsidiary intends to acquire ChargEco; the parties say the deal will not substantially lessen competition [SINGAPORE] The Competition and Consumer Commission of Singapore (CCCS) is seeking public…
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OpenAI declares ChatGPT ‘code red’ over stiff competition: report
CEO Altman says resources must be devoted to fending off the new competition to its chatbot [WASHINGTON] OpenAI CEO Sam Altman has declared a company-wide “code red” as its ChatGPT…
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Tencent Debuts Hunyuan 3D Engine Globally, Potentially Reshaping Tech Competition in the 3D AI Era
Tencent has just launched its Hunyuan 3D creation engine internationally, introducing a powerful AI toolset designed to democratize 3D asset generation. This move places the company at the forefront of…
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Geely profit climbs despite competition, regulatory scrutiny
[HONG KONG] Geely Automobile Holdings’ third-quarter profit rose as an ongoing discounting campaign turbo-charged sales. Net income rose 59 per cent in the three months ended Sep 30 from a…
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No Grab-GoTo merger notification yet: Singapore competition watchdog
[SINGAPORE] The competition watchdog here has not received any notification from ride-hailing firms Grab or GoTo on any proposed merger, but said it remains open to engaging with the parties.…
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Audi cuts outlook on intense competition, economic woes
[INGOLSTADT, Germany] Volkswagen’s Audi Group walked back its financial targets for the year because of “intense” competition and economic challenges including tariffs in the US. The sub-division, comprising the Audi,…
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Eurostar Plans Double-decker Train Amid Competition Threat
Eurostar said Wednesday it will run double-decker trains through the Channel Tunnel for the first time, as it faces potential competition on its routes between London and mainland Europe. A…
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Competition watchdog clears Econ Healthcare acquisition, says deal has not substantially lessened competition
This is in view of the low market shares of the parties involved in the acquisition, among other reasons [SINGAPORE] Singapore’s competition regulator has cleared US private equity firm TPG’s…
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Competition heats up to challenge Nvidia’s AI chip dominance
No expert sees the Santa Clara, California, giant loosening its grip on the sector in the near future [NEW YORK] The artificial intelligence (AI) revolution has whetted the appetites of…
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Competition Heats Up To Challenge Nvidia’s AI Chip Dominance
The artificial intelligence (AI) revolution has whetted the appetites of Nvidia’s competitors, who are seeking to close the gap on the chip giant, which has so far been the central…
