Nio Introduces Affordable Onvo L60 SUV in Push to Compete with Tesla
Nio has introduced a new brand, Onvo, with its first vehicle, the L60 SUV, priced aggressively to compete with Tesla. The L60 starts at 149,900 Chinese yuan ($21,210) when purchased…
Nintendo and Pokémon Company Take Pocketpair To Court Over Palworld Game
Nintendo and The Pokémon Company have filed a lawsuit against Pocketpair, the Japanese developer behind the game Palworld, for patent infringement. The lawsuit was filed in Tokyo and targets Palworld,…
China Faces Struggles in Developing Domestic Nvidia Rival
Chinese companies are ramping up their efforts to develop an alternative to Nvidia’s AI chips, but significant hurdles remain. The U.S. sanctions, coupled with Nvidia’s dominance in AI chip technology,…
Japan’s Mitsubishi Heavy Industries to Supply H3 Rockets for Eutelsat Launches by 2027
Japan’s Mitsubishi Heavy Industries (MHI) has secured a deal to provide multiple H3 rocket launches for France’s Eutelsat Group starting in 2027. This contract represents a significant achievement for Japan’s…
YouTube Teams Up with Shopee to Expand E-Commerce in Southeast Asia
YouTube and Shopee have partnered to launch an online shopping service in Indonesia, with plans to expand across Southeast Asia. This collaboration allows users to purchase items showcased on YouTube…
AI Takes Center Stage at Tech Week Singapore 2024 as Industry Leaders Gather
Tech Week Singapore 2024 will gather top global tech leaders, government officials, and industry experts to explore the future of digital transformation in Asia, with a primary focus on artificial…
OpenAI o1 Model Receives High Praise from Moonshot AI Founder
OpenAI’s latest model, OpenAI o1, marks a notable advancement in artificial intelligence, particularly in its ability to perform complex tasks. Yang Zhilin, founder and CEO of Moonshot AI, praised the…
Princeton Digital Makes Major Land Purchases to Support AI Growth in Asia
Singapore-based Princeton Digital Group (PDG) has expanded its land holdings in India, Malaysia, and Indonesia to accommodate the growing demand for artificial intelligence (AI) services. The company aims to increase…
China Criticizes EU EV Tariffs, Citing Harm to German Economy
China’s commerce minister, Wang Wentao, has expressed concerns over the European Union’s impending tariffs on electric vehicles (EVs), warning that the move will harm both China and Germany. He argued…
Vietnam Faces US Pressure Over Undersea Cable Decisions
The United States is actively encouraging Vietnam to avoid using Chinese firms, particularly HMN Technologies, in its plans to build 10 new undersea cables by 2030. Vietnam, dealing with aging…
Chinese Tech Firms Target Nvidia’s Dominance in AI Chip Market
China is making significant strides toward reducing its reliance on U.S. semiconductor technology, particularly amid increasing sanctions from Washington. With the rapid growth of artificial intelligence (AI) and foundational models,…
Samsung Workers Extend India Plant Strike After Failed Negotiations
Samsung workers at its India plant will continue their strike for the fifth day after negotiations involving the union, company management, and state government officials failed to produce a settlement.…
Ant Group Secures $6.5 Billion Refinancing for Overseas Expansion
China’s Ant Group is refinancing its $6.5 billion credit line, the company confirmed on Thursday. The move comes as the Alibaba-backed fintech giant aims to strengthen its overseas operations. According…
Young Sohn Returns to Arm’s Board After Samsung Advisory Role
Young Sohn, a senior adviser at Samsung Electronics, is set to rejoin the board of Arm Holdings, the British chip firm announced on Thursday. Sohn, who previously held a position…
India’s Antitrust Investigation Confirms Amazon, Flipkart Breaches
Indian authorities have concluded that e-commerce giants Amazon and Walmart’s Flipkart breached local antitrust laws by favoring specific sellers on their platforms, according to reports obtained by Reuters. The investigation,…
Indian Startup Swiggy Targets $1.4B IPO with $150M Increase
Swiggy is considering expanding its IPO by $150 million, potentially raising up to $1.4 billion. This would make it one of the largest public listings in India this year. The…
Alibaba’s Taobao App Tops Singapore App Store After English Update
Alibaba’s Taobao shopping app has rapidly gained popularity in Singapore, topping the Apple App Store charts after launching an AI-powered English version, designed to improve accessibility for non-Chinese users. The…
Indodax Halts Operations Following Suspected $22 Million Crypto Hack
Indonesian cryptocurrency exchange Indodax recently faced a severe security breach leading to a suspected loss of approximately $22 million in various cryptocurrencies. In response, Indodax has temporarily disabled both its…
Australian Crypto Investors Await Clear Regulations Before Entering the Market
In Australia, millions of potential cryptocurrency investors are hesitating to enter the market, awaiting clearer regulations. According to Jason Titman, CEO of Swyftx, an Australian crypto exchange, there’s a significant…
US Authorities Shut Down Over 350 Websites Selling Illegal Gun Parts from China
U.S. authorities announced the seizure of more than 350 websites selling gun silencers and parts from China, which were being used to convert semiautomatic pistols into fully automatic machine guns.…