Summarize this content to 2000 words in 6 paragraphs in Arabic Hello from Hong Kong, this is Cissy.The four-day Easter weekend, when Hong Kong people fly out of the city to enjoy their time off in destinations such as Japan and Taiwan, is usually a tough time for the city\u2019s service industry. This year was especially hard. In Causeway Bay, one of its most vibrant and iconic neighbourhoods, empty taxis lined up waiting for passengers, as Hong Kong\u2019s biggest source of visitors, mainland Chinese, were also largely absent. Amid the surge in outbound travel, some restaurant operators even described the first day of Easter as a \u201csuper Black Friday,\u201d with overall business falling to 30 per cent and some high-end restaurants seeing a nearly 50 per cent decline. Some retailers reported a 40 per cent drop in sales.While Hong Kong bemoans its lack in visitors, one trip to mainland China caught global attention: Jensen Huang recently made his second visit to the country this year. While the Nvidia founder promised \u201cevery effort\u201d to serve China\u00a0during his two-day visit to Beijing late last week, it is unclear if he met DeepSeek founder Liang Wenfeng while there. The Financial Times reported that Huang met Liang to discuss how to design next-generation chips for China, but multiple Chinese state media later cited sources saying the two did not meet.Huang\u2019s China visit came just one day after the US government opened an investigation into whether the leading chipmaker had violated export rules with its sales to China. While it remains to be seen what efforts Nvidia will take next \u2014 in other words, how much more it will downgrade versions of its chips to be able to sell them to Chinese clients \u2014 China\u2019s leading tech giants have already stockpiled as many Nvidia chips as possible and are looking for ways to access more.Hungry for chipsChinese firms seem to take the age-old wisdom of \u201cpreparing for a rainy day\u201d to heart. Before the US cut off shipments of Nvidia\u2019s H20 AI chip to China in April, major tech companies, namely ByteDance, Alibaba and Tencent, stockpiled billions of dollars\u2019 worth of H20, sources told Nikkei Asia\u2019s Cheng Ting-Fang, Lauly Li\u00a0and Cissy Zhou.The three companies, among which ByteDance had the most aggressive procurement, had asked Nvidia to ship a total of around 1mn H20s \u2014 roughly a full year\u2019s supply \u2014 as soon as possible, ideally by the end of May, though the actual number delivered fell short due to the Trump administration announcing in early April that these chips would need a licence for export.One source said the value of those rush orders exceeded $12bn, and that several billion dollars\u2019 worth were shipped before the new curbs took effect.The H20 curb didn\u2019t come as a complete surprise, according to an executive at one leading Chinese tech company. \u201cEvery major Chinese tech company had been stockpiling H20 in advance. After all, it wasn\u2019t banned at the time, and given its strong performance, why not?\u201d said the executive.Knock, knockThe Trump administration wants India to open up its $125bn online retail sector\u00a0fully to US ecommerce giants Amazon and Walmart, write the Financial Times\u2019 Krishn Kaushik, John Reed\u00a0and Rafe Uddin.India allows foreign retailers to act only as online marketplaces for others to sell their products, while domestic companies can produce, own and sell goods. Washington considers this a non-tariff barrier, and wants them removed under a trade deal spanning food to cars that is being negotiated under the threat of 26 per cent tariffs on New Delhi.Industry executives said the American retailers are working closely with the US government on these negotiations.But the US push to prise open retail in the world\u2019s most populous nation will pit Amazon and Walmart, owner of Indian online retailer Flipkart, against Asia\u2019s richest man, Mukesh Ambani, whose Reliance group is the country\u2019s largest retailer.Any potential concessions from Indian leader Narendra Modi would also face resistance from sections of the country\u2019s 90mn small traders.Going big on smallWith its aggressive overseas expansion continuing, Chinese EV champion BYD is making a bold move\u00a0to enter the Japanese market for lightweight minicars, a segment traditionally dominated by domestic manufacturers, sources told Nikkei\u2019s Sota Tanaka.Minicars, or kei-jidosha\u00a0in Japanese, are unique to the country and account for about 40 per cent of the country\u2019s overall car market. BYD\u2019s minicar model, exclusively designed for the Japanese market, could be launched in the second half of next year with a targeted price tag of around $17,700, which is at the lower end of the electric mini vehicle market in Japan.BYD entered the Japanese market in 2023, though its cumulative sales there had totalled only 4,530 units as of March.More urgency, less clarityChina\u2019s rare earth export controls are rattling global supply chains\u00a0as key players like Texas-based Noveon Magnetics report surging demand from buyers urgently seeking alternatives, writes Nikkei Asia\u2019s Shaun Turton.With China producing over 90 per cent of high-performance NdFeB magnets, which are critical for electric vehicles, wind turbines and defence systems, its tightened licensing requirements on rare earth exports, part of Beijing\u2019s retaliation against Trump\u2019s tariffs hike, have left US and European manufacturers scrambling.As the only US producer of critical NdFeB magnets, magnet maker Noveon is cautious about scaling up despite the surging demand for non-China magnets, warning that China\u2019s dominance in this space is hard to match. And despite the intensifying worldwide efforts to diversify rare earth supply chains, experts say even with more funding, building a full rare earth supply chain outside China will take years.Suggested readsTSMC aims to produce next-generation 1.4-nm chips by 2028\u00a0(Nikkei Asia)China tech groups lead multibillion-dollar campaign to help exporters sell at home\u00a0(FT)Amazon and Walmart sellers hoard goods in Canada to wait out tariffs\u00a0(FT)Japan\u2019s EV charging standard emerges as topic in US trade talks\u00a0(Nikkei Asia)UK bans EVs from some military bases over Chinese spy fears\u00a0(FT)China\u2019s EV stars show off latest wheels in Shanghai as price war rages\u00a0(Nikkei Asia)Foxconn to debut first in-house EV for North America this year\u00a0(Nikkei Asia)TSMC denies chip tie-up in prospect with struggling Intel\u00a0(FT)SK Hynix\u2019s Q1 profit dips 8% despite AI and tariff tailwinds\u00a0(Nikkei Asia)Nvidia chief Jensen Huang flies to Beijing for talks\u00a0(FT)#techAsia is co-ordinated by Nikkei Asia\u2019s Katherine Creel in Tokyo, with assistance from the FT tech desk in London.\u00a0Sign up here at Nikkei Asia to receive #techAsia each week. The editorial team can be reached at techasia@nex.nikkei.co.jp<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Hello from Hong Kong, this is Cissy.The four-day Easter weekend, when Hong Kong people fly out of the city to enjoy their time off in destinations such as Japan and Taiwan, is usually a tough time for the city\u2019s service industry. This year was<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-288915","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/288915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=288915"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/288915\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=288915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=288915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=288915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}