WeChat and TikTok Secure Licences to Operate in Malaysia
Malaysia has officially licensed Tencent’s WeChat and ByteDance’s TikTok to operate under a new social media regulation designed to address rising cybercrime. The Malaysian Communications and Multimedia Commission (MCMC) announced…
Market Share Caps for UPI Payments Deferred Until 2026
India’s decision to delay market share caps for unified payments interface (UPI) services will offer a reprieve to dominant players like Google Pay and Walmart-backed PhonePe. Initially scheduled to take…
Apple Discounts iPhones in China as Competition Heats Up
Apple has announced discounts of up to 500 yuan ($68.50) on its iPhone models in China, marking a rare move to maintain its foothold in the world’s largest smartphone market.…
US Sanctions Iran and Russia for Election Interference with AI Disinformation
The United States has sanctioned Iranian and Russian groups for attempting to interfere in the 2024 elections using disinformation campaigns powered by artificial intelligence. Announced Tuesday by the Treasury and…
Singapore’s Strategic Moves Position It as Asia’s Next Major Cryptocurrency Hub
Singapore‘s burgeoning status as a pivotal center for Web3 and cryptocurrency firms is set to solidify, bolstered by a regulatory environment that favors innovation. In 2024, the Monetary Authority of…
Chinese EV Maker Xpeng Targets 6,000 New Hires in 2025
Xpeng, the Chinese electric vehicle manufacturer, is gearing up to hire over 6,000 new workers in 2025. This ambitious expansion comes as the company braces for heightened competition in the…
Chinese Tech Rivalry Grows as Alibaba Slashes AI Model Prices
Alibaba announced significant price reductions of up to 85% for its large language models (LLMs), signaling intensifying competition among Chinese tech giants in the artificial intelligence space. The price cuts…
China Implements Stricter Forex Rules to Monitor Crypto Transactions
China’s foreign exchange regulator has introduced stringent forex regulations that compel banks to intensify scrutiny of risky trades, particularly those involving cryptocurrencies. Reported by the South China Morning Post on…
Alipay Adds AI Image Search to Expand Its Super App Capabilities
Alipay has rolled out a new artificial intelligence-powered image search feature, solidifying its status as a leading super app in China. This feature, known as “Tanyixia” or “do a little…
Beijing Plans to Boost Driverless Vehicle Adoption in the Capital
China’s capital, Beijing, is setting the stage for a driverless future. On December 31, the city passed regulations to promote autonomous driving technology, aiming to eventually introduce driverless public buses…
Samsung Electronics Takes Majority Stake in Rainbow Robotics
Samsung Electronics has secured the largest shareholder position in Rainbow Robotics, a South Korean robotics company, as revealed in a regulatory filing on Tuesday. The tech giant acquired a 267…
Major Price Reductions on Huawei’s Premium Devices Shake Up Competition
Huawei Technologies has made aggressive price cuts on a range of high-end devices, including smartphones, foldable phones, tablets, headphones, and smartwatches. The reductions, announced via the company’s official Weibo account…
BYD Factory in Brazil Faces Human Trafficking Controversy
Brazilian labor authorities have alleged that 163 Chinese workers at a construction site for a BYD factory in Bahia are victims of human trafficking. The claims have escalated tensions surrounding…
China Refutes Allegations Following Significant US Treasury Breach
The Chinese government has repudiated claims of involvement in a cybersecurity breach that compromised US Treasury workstations earlier this month, which allowed unauthorized access to “unclassified” documents. On December 30,…
South Korean Court Approves Arrest Warrant for Impeached President Yoon Suk Yeol
In a historic move, the Seoul Western District Court issued an arrest warrant for South Korea’s President Yoon Suk Yeol, who was recently impeached and suspended from office. This unprecedented…
Vietnamese Authorities Thwart $1 Million Crypto Scam, Safeguard 300 Potential Investors
The Hanoi City Police Department in Vietnam recently intervened to prevent a significant cryptocurrency scam that threatened to ensnare 300 potential victims. The scam, orchestrated by a company known as…
US Treasury Says China-Linked Hackers Breached Systems in Cyberattack
Hackers linked to the Chinese government breached the US Treasury Department using vulnerabilities in third-party remote management software, marking a significant security incident. As reported by The New York Times,…
China Plans World’s Largest Hydropower Dam in Tibet
China has greenlit the construction of the world’s largest hydropower dam on the eastern edge of the Tibetan plateau, setting the stage for a colossal infrastructure project that promises economic…
Malaysia’s Securities Commission Halts Bybit’s Operations
The Securities Commission (SC) of Malaysia has ordered cryptocurrency exchange Bybit to cease its operations in the country, citing violations related to running an unregistered digital asset exchange (DAX). The…
Hong Kong Considers Incorporating Bitcoin into National Reserves
In a move that could redefine Hong Kong’s financial strategy, Legislator Wu Jiexhuang has proposed leveraging the “one country, two systems” policy to integrate Bitcoin into the special administrative region’s…