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Lionel Lim

Lionel Lim

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China’s in the driver’s seat as EV sales are set to keep growing into 2025

China “will add nearly twice as many EV sales next year as the rest of the world combined," predicts Rho Motion's Will Roberts.

latest 8

Fortune

Lionel Lim

Singapore’s Straits Times Index is Southeast Asia’s best performing index for 2024—and it’s all due to its Big Three banks

A share rally in Singapore's biggest banks—DBS, UOB and OCBC—lifted the Straits Times Index to end the year above Malayis'a Kuala Lumpur Composite...

yesterday 4

Fortune

Lionel Lim

Malaysia’s auto industry releases its first-ever EV—but locals wonder if it’s really homegrown

Proton's e.MAS 7, unveiled on Monday, was developed concurrently with Geely's Galaxy E5.

20.12.2024 8

Fortune

Lionel Lim

Malaysia’s plan to build a high-speed train to Singapore struggles to leave the station

The ambitious high-speed rail project has been bogged by financial issues since it was first announced in 2013.

19.12.2024 7

Fortune

Lionel Lim

How a Global 500 insurer’s $1.6 billion Singapore deal fell apart

Allianz's bid to take over Singapore's Income Insurance drew scrutiny from both public officials and prominent Singaporeans.

18.12.2024 8

Fortune

Lionel Lim

The U.S. reportedly plans to investigate China’s dominance of legacy chips

The Biden administration's investigation, reported by the New York Times, could lead to tariffs or import bans.

17.12.2024 10

Fortune

Lionel Lim

Starbucks hires its first-ever China chief growth officer as it battles fierce local competition

Starbucks' China revenue fell 7% last quarter, as Chinese shoppers turned to more affordable drinks sold from local chains like Luckin Coffee.

16.12.2024 10

Fortune

Lionel Lim

‘No time to spare’ to address Japan’s baby bust as Tokyo promises free daycare to all preschoolers

It's the second family-friendly out of Tokyo, following the municipal government's decision to offer a 4-day work week to employees.

12.12.2024 6

Fortune

Lionel Lim

The AI boom nets hundreds of Australian data center employees a $41,300 holiday bonus

AirTrunk is giving away the money to celebrate its $16 billion acquisition by the U.S. private equity giant Blackstone.

11.12.2024 20

Fortune

Lionel Lim

Nvidia slapped with a Chinese antitrust probe as Beijing collects ‘bargaining chips’ ahead of Trump’s return

An analyst from the consultancy firm Trivium China thinks Beijing is preparing for some tough negotiations ahead.

10.12.2024 10

Fortune

Lionel Lim

Founders must embrace ‘design with a capital D’ if they want to convince investors, says partner at Alphabet’s GV

“Design is critical for a successful company,” said Vanessa Cho, design partner at GV, at Fortune's Brainstorm Design conference on Dec. 5

10.12.2024 9

Fortune

Lionel Lim

BYD could near Honda and Ford in cars sold this year as EV giant looks set to surpass its 4 million sales target

BYD sold around 3.8 million cars in the first 11 months of 2024, a 40% year-on-year jump.

09.12.2024 10

Fortune

Lionel Lim

Beats by Dre designer Robert Brunner’s advice for creatives trying to make themselves heard: ‘Go take the comedy class’

"Learn how to stand up in front of people to communicate thoughts and ideas”, Ammunition founder Robert Brunner said at Fortune Brainstorm Design.

09.12.2024 10

Fortune

Lionel Lim

Gadi Amit, famed Fitbit designer, wants his peers to challenge the ‘money and tech folks’

At Fortune's Brainstorm Design, NewDealDesign founder Gadi Amit said he was "proud" of his early skepticism of design thinking.

05.12.2024 3

Fortune

Lionel Lim

Designers need to learn how to talk like executives, says UnitedHealth Group’s former chief design officer

CEOs often "think of [designers] as black turtleneck-wearing creative people that make stuff pretty," Dan Makoski said at Fortune's Brainstorm Design...

05.12.2024 4

Fortune

Lionel Lim

Data, trust, and time are the key ingredients to make old neighbourhoods like Bangkok’s Charoen Krung hip again

Pichit Virankabutra and Thailand's Creative Economy Agency are trying to revive one of Bangkok's oldest neighborhoods: “When we moved in, it was a...

05.12.2024 10

Fortune

Lionel Lim

Tech firms criticize Australia’s ‘rushed’ social media ban for kids

The bill, which was passed on Friday, ended a legislative process that started just a week ago.

29.11.2024 10

Fortune

Lionel Lim

The €550 million lawsuit against Meta by Spanish media publications set to begin October 2025

Meta has been slapped with a lawsuit for allegedly violating EU data protection rules.

28.11.2024 10

Fortune

Lionel Lim

China’s carmakers don’t see the country’s fierce price war ending anytime soon as they press suppliers for discounts

Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV sector.

28.11.2024 10

Fortune

Lionel Lim

Trump fires the first salvo of his renewed trade war with China: A 10% across-the-board tariff

On Truth Social, Trump alleged that Chinese inaction on illegal fentanyl was the reason behind the new 10% tariff.

26.11.2024 10

Fortune

Lionel Lim

Beijing’s internet censors have a new target: Social media echo chambers

Chinese internet giants will get about three months to adhere to Beijing’s new directive against “information cocoons”.

25.11.2024 10

Fortune

Lionel Lim

Thailand, the “Detroit of Southeast Asia” is at the forefront of China’s battle for the global auto market

China has invested at least $1.4 billion in the nearby country’s auto plants.

25.11.2024 5

Fortune

Lionel Lim

EVs and their ‘innate feeling of luxury’ will create a ‘new type of premium,’ says Kia’s top designer

“EVs allow us to create...a very premium experience for people who may not have been able to afford it in the past,” says Karim Habib, Kia's head...

23.11.2024 30

Fortune

Lionel Lim

China’s richest person wants a personal apology from ByteDance’s founder for not stopping social media attacks against him

Zhong Shanshan, chairman of Nongfu Spring, is blaming two of China's Big Tech companies for troubles at his bottled water company.

22.11.2024 10

Fortune

Lionel Lim

Ryanair threatens to drop 10 French regional airports over ‘short-sighted’ airline ticket tax hike

Ryanair currently operates at 22 smaller French regional airports, but says this will be cut by nearly 50% if ticket taxes are raised.

21.11.2024 10

Fortune

Lionel Lim

Swiss pharma giant Novartis says 30 pipeline drugs with ‘significant potential’ will drive long-term growth

CEO Vas Narasimhan said the Novartis pipeline has "significant potential to rejuvenate our portfolio and support mid-single-digit growth post 2029."

21.11.2024 10

Fortune

Lionel Lim

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group's flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani's net worth.

21.11.2024 10

Fortune

Lionel Lim

Apple’s said to increase its Indonesia investment tenfold to reverse iPhone sales ban, signaling the country’s growing importance for U.S. tech giant

IDC, a market intelligence firm, notes that Indonesia is one of Apple's fastest growing markets in Southeast Asia.

19.11.2024 10

Fortune

Lionel Lim

Leading Singapore property developer CEO says simplicity beats complexity when it comes to design: ‘Boring is okay’

GuocoLand's Guoco Midtown mixed use development boasts occupancy rates of over 90% despite its more simple looking facade.

19.11.2024 8

Fortune

Lionel Lim

Asia’s fintech firms are eyeing the Middle East for expansion because of low competition and a ‘future friendly’ regulator

The CEO of StashAway, a Singapore digital wealth management platform, sees the same opportunities in the Middle East as he saw in Singapore eight...

18.11.2024 10

Fortune

Lionel Lim

Jensen Huang reveals Softbank’s Masayoshi Son once offered to lend him money to buy Nvidia 

Huang was speaking at Nvidia’s AI Summit in Tokyo where he also announced several AI collaborations with Softbank.

13.11.2024 10

Fortune

Lionel Lim

Grab CEO Anthony Tan singles out one market as shares soar after blowout quarter: ‘Everybody loves Thailand’

Grab lifted its profit outlook for the year after reporting a strong September quarter on Monday.

12.11.2024 10

Fortune

Lionel Lim

Trump’s return could herald a ‘crypto golden age’ says CEO of stablecoin firm Paxos

The Trump campaign "had a real crypto theme," Charles Cascarilla said at the Singapore Fintech Festival on Friday.

08.11.2024 10

Fortune

Lionel Lim

Asia’s Wild West nature spurs its fintech surge—but Binance’s CEO thinks Western companies will still have an ‘outsized say’ in the financial system

"What is important for policymakers is to make sure that your local competitors have a fair shake," he said Tuesday at a Fortune session in...

05.11.2024 5

Fortune

Lionel Lim

Huawei is ‘still struggling,’ says founder Ren Zhengfei, as the tech company rebounds from years of sanctions

“Even now, we can’t say we’ve secured survival."

01.11.2024 10

Fortune

Lionel Lim

Toyota’s hybrid success can’t make up for recalls, faulty data and Chinese competition, as September sales slump 7.4%

The decline was especially stark in Japan, after Toyota halted production of some models due to a faulty data scandal.

30.10.2024 10

Fortune

Lionel Lim

Luckin Coffee, the buzzy chain that outsells Starbucks in China, reportedly plans a U.S. expansion

Luckin Coffee was booted off the Nasdaq in 2020 after an accounting scandal. It may be on its way back to the U.S.

29.10.2024 20

Fortune

Lionel Lim

Apple returned to China’s top 5 smartphone sellers last quarter—but Huawei’s growth dwarfs the competition

Huawei ranked third in China's smartphone market last quarter, according to IDC. Apple returned to the top five, in second place.

25.10.2024 20

Fortune

Lionel Lim

Singapore’s ComfortDelGro adds London’s famous black cabs to its portfolio by buying the city’s largest taxi operator

The company is buying U.K. taxi operator Addison Lee in a deal worth almost $350 million.

24.10.2024 20

Fortune

Lionel Lim

Tim Cook makes another trip to China as local users gripe about Apple’s AI delays in the world’s largest smartphone market

Apple has yet to announce a mainland China release date for its new AI service.

23.10.2024 10

Fortune

Lionel Lim

China’s ‘reluctant’ stimulus could pick up in the event of a new trade war with Trump, predicts Goldman Sachs

Goldman Sachs estimates that Trump's threatened 60% tariff could shave 2 percentage points off China's economic growth.

22.10.2024 10

Fortune

Lionel Lim

TSMC says it will take ‘prompt action to ensure compliance’ after reported U.S. probe into possible work with Huawei

The U.S. is reportedly probing whether TSMC is making AI or smartphone chips with Huawei, currently barred from accessing chips made with U.S....

18.10.2024 30

Fortune

Lionel Lim

China unveiled more stimulus actions for its property sector—investors weren’t pleased, again

Some analysts were hoping for Beijing to expand a program that would allow the government to act as a buyer of last resort.

17.10.2024 10

Fortune

Lionel Lim

Malaysia’s prime minister will try to keep the country’s ‘feel-good’ vibes alive with his upcoming budget

Foreign companies are flocking to the safe haven of Malaysia: “This investment cycle is something we have not seen for a long time."

17.10.2024 8

Fortune

Lionel Lim

Electric scooter startup Gogoro expands to Singapore as it tries to rely less on its home base of Taiwan

The global expansion comes at a tricky time for the startup, which just lost its CEO amid a Taiwanese probe into subsidy compliance.

16.10.2024 10

Fortune

Lionel Lim

EV sales had a ‘record-breaking month’ in September—but it was mostly thanks to China

China accounted for more than 60% of the 1.7 million EVs sold in September, according to data from Rho Motion.

15.10.2024 6

Fortune

Lionel Lim

Singapore hits brakes on $1.7 billion Allianz deal for one-time insurance cooperative after it sparks public outcry

On Monday, Singapore’s government decided to block the deal until Allianz addressed some of its concerns, including whether Income Insurance will be...

15.10.2024 10

Fortune

Lionel Lim

Thailand’s cash handouts made a ‘very good’ month even better for retail conglomerate Berli Jucker’s CEO

Thapanee Techajareonvikul, No. 47 on the Asia edition of Fortune's Most Powerful Women list, is the first female CEO of the 142-year-old Thai company.

11.10.2024 10

Fortune

Lionel Lim

Tesla’s soon-to-be-unveiled robotaxi may already be behind its Chinese competition

Companies like WeRide and Baidu already provide commercial robotaxi services in Chinese cities—and now want to expand overseas.

10.10.2024 8

Fortune

Lionel Lim

Foxconn is moving past the iPhone with a Mexico mega-factory helping to make Nvidia chips

But analysts say its EV business could still be a better bet for the future.

09.10.2024 4

Fortune

Lionel Lim

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