Meesho Moves Ahead With $606 Million IPO as SoftBank and Prosus Hold Their Stakes
IPO Launch and Valuation DetailsMeesho is preparing a roughly $606 million initial public offering that features limited sell-downs from early investors and no sales from major backers such as SoftBank…
South Korea’s Medical Device Market Set For Steady Growth Through 2034
South Korea’s medical device market is projected to grow at a compound annual growth rate of 5% until 2034, according to a new report from GlobalData. Government investment accelerates high-value…
Alibaba Launches $500 AI Glasses To Compete With Meta
Company integrates Qwen models into new consumer device Alibaba released its artificial intelligence–powered smart glasses on Thursday as it increases its focus on the consumer AI market. The Quark AI…
Baidu Emerges As Key AI Chip Supplier In China Amid Nvidia Restrictions
Company positions Kunlunxin unit to meet domestic demand for AI compute Baidu is becoming one of China’s major artificial intelligence chip suppliers as domestic companies look for alternatives to Nvidia,…
Asahi Says Cyberattack May Have Exposed Data Of 1.5 Million Customers
Company reports large-scale data exposure following September ransomware incident Asahi said a ransomware attack in September may have leaked the personal information of more than 1.5 million customers. The company…
Teens Challenge Australia’s Social Media Ban In High Court
Law requires platforms to block under-16s from creating accounts Two Australian teenagers have filed a High Court challenge against the country’s new social media ban for children under 16, arguing…
Pony.ai Plans To Triple Global Robotaxi Fleet By 2026
Company targets more than 3,000 robotaxis amid expanded commercial rollout Pony.ai said it plans to triple the size of its global robotaxi fleet by the end of 2026 as its…
Alibaba Shares Rise As AI Drives 34% Cloud Revenue Growth
Cloud sales accelerate as Alibaba expands AI investments Alibaba said it may increase spending on artificial intelligence beyond its current projections as demand remains strong, a signal that followed accelerated…
India Formally Recognizes Gig Workers, but Social Security Access Remains Unclear
India has granted legal status to millions of gig and platform workers under a new labor framework that took effect on Friday — a landmark shift for delivery, ride-hailing, and…
Malaysia May Ban Social Media for Users Under 16 Starting Next Year
Malaysia is preparing to bar users under the age of 16 from opening social media accounts as early as next year, according to comments from Communications Minister Fahmi Fadzil. Government…
Japan Bets on Hokkaido to Become a New Global Semiconductor Hub
Hokkaido has long been one of Japan’s major agricultural regions. Today, the northern island known for dairy farms, ski resorts and summer flower fields is being redesigned as the centerpiece…
Twitch added to Australia’s upcoming under-16 social media ban
Australia has added Twitch to its under-16 social media ban, requiring the Amazon-owned livestreaming platform to block new teen accounts from 10 December and deactivate existing under-16 accounts from 9…
Instagram Begins Shutting Down Australian Teen Accounts Ahead of Nationwide Under-16 Social Media Ban
Meta Starts Removing Accounts for Users Under 16Instagram, Facebook, and Threads have begun notifying Australian users identified as being between 13 and 15 that their accounts will be deactivated starting…
Baby Shark: How a 90-Second Clip Grew Into a Business Valued at More Than $400 Million
A Short Children’s Video Becomes YouTube’s Most Watched ClipA 90-second children’s song that Kim Min-seok approved for release in June 2016 grew into one of YouTube’s biggest phenomena, accumulating more…
Sakana AI Raises $135M at $2.65B Valuation to Advance Japan-Focused AI Models
Sakana AI, a Tokyo-based startup developing generative AI tuned specifically for Japanese language and culture, has raised a ¥20 billion (approximately $135 million) Series B round, valuing the company at…
Foxconn’s Q3 Profit Rises 17% on Surging AI Server Demand, Beating Expectations
Foxconn, the world’s largest contract electronics manufacturer and a major supplier to Nvidia and Apple, reported a 17% year-on-year rise in third-quarter profit, fueled by robust demand for artificial intelligence…
First Permanent Pokémon Theme Park, PokéPark Kanto, to Open in Tokyo in February 2026
Pokémon fans will soon have a year-round destination of their own. The first permanent Pokémon theme park, called PokéPark Kanto, is set to open on February 5, 2026, inside Yomiuriland…
Grab to Invest Up to $410 Million in Remote Driving Startup Vay
Singapore-based technology conglomerate Grab is set to invest as much as $410 million in Vay, a German startup specializing in remote-controlled car rentals. The deal, announced Monday, begins with an…
China Suspends Some Critical Mineral Export Curbs to the U.S. Amid Trade Truce
China has suspended several export restrictions on critical minerals and rare earth materials to the United States, signaling that a tentative trade truce between the two economic powers is holding.…
DBS Chief Tan Su Shan Warns of Market Volatility Amid Concentrated U.S. Tech Valuations
The chief executive of DBS, Southeast Asia’s largest bank, has cautioned investors to prepare for continued turbulence in global markets, citing stretched valuations in U.S. equities and growing dependence on…