Julie Chang

A spokesman for China's Ministry of Commerce said that cross-border acquisitions as well as technology and data exports must comply with Chinese law.

Chinese electric vehicle maker NIO plans to enter the Australian and New Zealand markets in the second half of this year.

That's according to the company's head of global business, who said Europe will remain a key focus market in 2026 as it also looks to expand to the UK and France.

He added that NIO is also entering the Thai market in March.

The EV maker has yet to reach profitability.

And Samsung Electronics expects its fourth-quarter operating profit to have tripled to a record, driven by a semiconductor shortage and booming AI demand.

The world's largest memory chipmaker has been benefiting from a surge in semiconductor prices over the past year.

The bulk of Samsung's profits once came from smartphones, but its semiconductor business now accounts for more than half its earnings.

Preliminary results today show an operating profit of about $13.8 billion in the final quarter of 2025, a three-fold increase from the year-earlier period.

Samsung also forecasts record quarterly revenue, up 23%.

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Here's your afternoon TNB Tech Minute for Wednesday, January 7th.

I'm Julie Chang for The Wall Street Journal.

We exclusively report that Anthropic is raising $10 billion in a new funding round that would nearly double its valuation from four months ago.

According to people familiar with the matter, the new financing will be led by Singapore's Sovereign Wealth Fund and KOTU Management.

The AI startup's valuation is at $350 billion before the new investment.

The round is expected to close in the coming weeks, and the total amount of the deal could change.