Xiaomi vs. Gree: How a US$140m bet turned into China’s biggest appliance showdown

In 2013, at China’s Annual Economic Person of the Year awards, Xiaomi founder Lei Jun publicly wagered with Gree Electric Appliances chairwoman Dong Mingzhu that if Xiaomi’s revenue topped Gree’s within five years, she would pay him CNY1 billion (US$139.8 million). Back then, Gree dominated China’s air-conditioning sector, and Dong accepted the bet with characteristic confidence.

Continue reading

Chinese ODM Huaqin reports soaring sales, profit gains; cash flow risks underline expansion

China-based IT manufacturer Huaqin Technology delivered rapid growth in the first half of 2025, with revenue more than doubling and profits rising sharply, underscoring its widening footprint across smart devices, computing, and emerging technologies. Yet the strong top-line performance was offset by a sharp cash flow decline, raising concerns about underlying financial stability.

Continue reading

Smart finance in action: How E.Sun deploys AI to combat fraud and boost banking efficiency

Facing increasingly complex fraud and financial risks, the banking industry is actively integrating AI technologies. At a technology forum held on August 27 in Taipei, Jyh-Shing Roger Jang, Chief Technology Officer of E.Sun Financial Holding Company (E.Sun FHC), delivered a keynote on “AI Opens a New Chapter in Smart Finance,” revealing how E.Sun internally coordinates multiple departments to implement AI across various financial scenarios.

Continue reading

CoWoP packaging takes on TSMC’s CoWoS, pressures CoPoS in AI chips

Advanced packaging technologies are evolving at breakneck speed, with attention now shifting beyond wafer-level processes to panel and printed circuit board (PCB) platforms. A new entrant, CoWoP (Chip-on-Wafer-on-Platform PCB), has emerged as a potential disruptor to TSMC’s mainstream CoWoS packaging solution. Some industry observers believe CoWoP could reshape the PCB supply chain and even challenge CoPoS (Chip-on-Panel-on-Substrate), which has long been considered the most likely successor to CoWoS.

Continue reading

US expands Section 232 to e-bikes, but Merida sees limited impact

The Trump administration announced on August 18 the addition of 407 product categories to the list of “derivative” steel and aluminum products covered by Section 232 of the US Trade Expansion Act, imposing a 50% tariff on electric-assisted bicycles (e-bikes). But Merida, a major Taiwan-based bicycle manufacturer, said the impact on its exports from this tariff expansion is relatively limited.

Continue reading