Sony Eyes Kadokawa in Strategic Expansion Talks
Sony is in discussions to acquire Kadokawa, the Japanese media company behind the blockbuster video game Elden Ring, according to two sources familiar with the matter. The deal, if finalized,…
China’s Xi Warns Against AI as a ‘Wealthy Nations’ Game
Chinese President Xi Jinping emphasized the need for inclusive global AI governance during the Group of 20 Summit in Rio de Janeiro, cautioning that artificial intelligence must not become a…
India Fines WhatsApp $25.4M, Restricts Data Sharing
India has imposed a $25.4 million fine on Meta and directed its messaging platform, WhatsApp, to stop sharing user data with other Meta-owned applications for advertising purposes for five years.…
Xiaomi Raises EV Forecast for Third Time This Year
Xiaomi Corp, the Chinese electronics and electric vehicle maker, has raised its 2024 delivery goal to 130,000 units for its first EV, the SU7 sedan. This marks the third upward…
Nepal to Fight Crypto Fraud with Public Awareness, Transaction Monitoring
Nepal’s Financial Intelligence Unit (FIU) has raised significant concerns about the increasing use of cryptocurrencies in cyber-related frauds, despite the country’s official ban on trading digital assets. The FIU, a…
Xiaomi Partners with PhonePe for New App Store in India
Xiaomi will transition its Indian app store to fintech company PhonePe’s Indus AppStore starting January 2024. The update will automatically replace Xiaomi’s GetApps store on devices across India, signaling a…
South Korean City Threatens to Sell Crypto Assets of Tax Debtors
Authorities in the South Korean city of Paju, located in Gyeonggi Province, have announced plans to seize and sell the cryptocurrency holdings of residents who have unpaid taxes. On November…
Huawei Opens Pre-Orders for Mate 70 Ahead of Big Event
Huawei Technologies has started accepting pre-orders for its latest Mate 70 smartphone model. The announcement, made on the company’s official WeChat account on Monday, marks a new chapter for the…
Taiwan Seeks EU Economic Partnership to Boost Semiconductor Ties
Taiwan President Lai Ching-te has called for the European Union to sign an economic partnership agreement with the island, highlighting its potential to deepen cooperation in critical sectors such as…
Alibaba Beats Profit Forecast as China Faces Tepid Spending
Chinese e-commerce leader Alibaba delivered better-than-expected profits in its September quarter, driven by gains from equity investments, despite falling short on sales projections. The company’s net income rose 58% year-on-year…
ByteDance’s $300 Billion Valuation Revealed Amid Investor Buyback
TikTok’s parent company, ByteDance, has been valued at approximately $300 billion, sources familiar with the matter revealed. The company recently approached investors with a share buyback offer priced at $180.70…
Samsung Electronics Announces $7.2 Billion Buyback After Stock Slump
Samsung Electronics has announced plans to repurchase shares worth 10 trillion won ($7.17 billion) over the next year following a sharp decline in its stock price. This move, the company’s…
Bengal Man Arrested in $235M WazirX Crypto Hack Investigation
In a significant development in the investigation into the $235 million hack of the WazirX cryptocurrency exchange, Delhi Police arrested a suspect from the Bengal region. The arrest marks a…
ePlane Secures $14M to Propel India’s Air Taxi Ambitions
ePlane, an Indian startup focused on electric air taxis, has raised a $14 million Series B funding round as it seeks to capitalize on the Indian government’s interest in developing…
South Korean Morphing Wheel Aims to Redefine Accessibility in Robotics
Researchers at the Korea Institute of Machinery and Materials (KIMM) are pioneering a ‘morphing’ wheel technology that could redefine accessibility and movement in robots, wheelchairs, and unmanned vehicles. This adaptive…
SEC Greenlights Coincheck for Nasdaq Debut as First Japanese Crypto Exchange
Coincheck, a Tokyo-based cryptocurrency exchange under the umbrella of Monex Group, is poised to mark a significant milestone by becoming the first Japanese crypto exchange to be listed on the…
China-Linked Hackers Breach U.S. Telecom Networks, Steal Surveillance Data
Chinese-linked hackers accessed surveillance data meant for U.S. law enforcement after infiltrating the networks of several telecom companies, according to a statement from U.S. authorities on Wednesday. The FBI and…
Guilty Plea Entered in $73 Million Cryptocurrency Laundering Case
In a recent legal development, Daren Li, a 41-year-old dual citizen of China, has entered a guilty plea for his involvement in a sophisticated scheme that laundered $73 million obtained…
China Closing the Tech Gap with the West Says Microsoft President
Microsoft’s President and Vice-Chairman, Brad Smith, cautioned against assumptions that China lags behind the U.S. and Europe in tech advancements, suggesting that China is narrowing the gap with the West.…
Nvidia and SoftBank Unveil First AI and 5G Telecom Network
Chipmaker Nvidia and SoftBank Corp have launched a pilot for the world’s first telecom network that combines artificial intelligence (AI) and 5G technology. Announced on Wednesday, this collaboration pioneers a…