KKR to Reduce Stake in Japan’s Kokusai Electric
Private equity firm KKR is planning to significantly reduce its stake in Kokusai Electric, a move that comes after a period of substantial growth for the Japanese chip equipment manufacturer’s…
Otoklix Partners with VinFast to Enhance EV Services in Indonesia During Energy Transition
VinFast, the pioneering Vietnamese electric vehicle (EV) manufacturer, has recently marked its entry into Indonesia by inaugurating a new dealership in the Jakarta suburb of Depok. This strategic move is…
Japanese Public Firm Metaplanet Buys Another $2.5M of Bitcoin
Metaplanet, a publicly-listed investment and consulting firm in Japan, is significantly increasing its Bitcoin holdings despite a recent dip in BTC prices, injecting additional capital to purchase the cryptocurrency. Latest…
Shanghai Releases China’s First Guidelines for Humanoid Robots
Shanghai has made a groundbreaking move by publishing China’s first set of governance guidelines for humanoid robots. These new rules aim to ensure that humanoid robots are safe and respectful…
Taiwan’s Central Bank Announces No Set Timetable for Digital Currency Launch
Taiwan’s central bank announced on Sunday that there is no set timetable for the launch of a digital currency, emphasizing the “huge and complex” nature of the undertaking. Despite this,…
Samsung Electronics Workers Strike Amid Rising Union Influence in South Korea
Samsung Electronics employees commenced a three-day strike on Monday, demanding higher wages and better working conditions. This move marks the latest effort by the National Samsung Electronics Union (NSEU) to…
Positive Outlook for Chinese AI Market Amid Western Scrutiny
Chinese artificial intelligence (AI) sector showcased its determination and innovation this week at a significant fair in Shanghai, signaling confidence in overcoming Western-imposed restrictions. The event saw companies unveiling advanced…
BYD’s Significant EV Price Cuts in Thailand Ignite Controversy; Prime Minister Demands Clarification
Thailand’s consumer protection agency has launched an investigation into BYD dealerships following numerous complaints from consumers about aggressive discounting tactics that have left many buyers feeling they overpaid for their…
Malaysia and Indonesia Emerge as Key Beneficiaries in ASEAN Amid Data Center Boom
Malaysia and Indonesia are emerging as prime beneficiaries in ASEAN from strong global demand growth for new data centers amid AI proliferation, according to research house CGS-International. The increasing data…
Tesla Model Y Approved for Official Use in China
Tesla has achieved a notable milestone in China as its Model Y has been added to a government procurement list in Jiangsu province, marking the first time Chinese government workers…
How China’s EV Battery Makers Compare in Energy Storage
China’s electric vehicle (EV) battery giants, CATL and BYD, are making significant strides in the burgeoning market for stationary energy storage. Both companies are leveraging their expertise and resources to…
Telegram Launches Stars for Content Creators, Expands Crypto Use
Telegram is enhancing its monetization capabilities by enabling content creators to share and monetize their work directly on its platform using a new digital currency called Stars. Introduced last month,…
Huawei Executive Dismisses Concerns Over Advanced Chip Shortage Impacting China’s AI Goals
At the World AI Conference in Shanghai, a three-day event that began on Thursday, Huawei’s senior executive Zhang Ping’an dismissed concerns that a shortage of advanced artificial intelligence (AI) chips…
SoftBank has discussed funding an energy project with banks, The Information reports.
In a strategic move to capitalize on the burgeoning demand for energy driven by advancements in generative artificial intelligence, Japanese technology investor SoftBank Group is actively engaging in discussions with…
Binance.US ‘Prepared’ for SEC Legal Showdown
Binance.US, the United States-based branch of the global cryptocurrency exchange Binance, is gearing up for an extended legal battle with the Securities and Exchange Commission (SEC). According to an announcement…
Crypto ‘Relief Rally’ May Be Just Beginning, with Sellers Exhausted
The cryptocurrency markets may be poised for a “relief rally” following a tumultuous June, with analysts suggesting that selling pressure on exchanges has eased. Crypto intelligence platform Santiment posted an…
Hyundai and LG Energy of South Korea Launch Indonesia’s First Battery Cell Plant
Hyundai Motor Group and LG Energy Solution have opened a $1.1 billion battery cell plant in Indonesia, marking a significant milestone for the country’s ambitions to become an electric vehicle…
Australia Spy Agency Partners with Amazon to Move Intelligence Data to the Cloud
SYDNEY – In a significant technological advancement, Australia will transition its top secret intelligence data to the cloud through a A$2 billion deal with Amazon Web Services (AWS). Defence Minister…
Foxconn Secures License to Invest an Additional $551 Million in Vietnam, Media Reports
Foxconn Singapore has been granted a license to invest $551 million in two innovative projects aimed at producing smart entertainment products and smart-system equipment in Quang Ninh, a northern province…
Samsung’s Exynos W1000 Chip to Power the Upcoming Galaxy Watch7 Series
Samsung is set to showcase its latest innovation in smartwatch technology at the much-anticipated Galaxy Unpacked event in Paris on July 10. The tech giant has recently announced the Exynos…