Hong Kong Advances to Phase 2 in CBDC Pilot Initiative
The Hong Kong Monetary Authority (HKMA) has officially initiated the second phase of its ambitious e-Hong Kong dollar (e-HKD) pilot program, calling upon industry stakeholders to present potential applications for…
Indian gaming powerhouse Nazara sets aside $100 million for international growth.
Mumbai, India – Nazara Technologies Limited, a leading figure in the gaming and media sector headquartered in Mumbai, has announced an ambitious plan to expand its global footprint. The company,…
Onda, a traveltech firm, aims for a $15m fundraise to reboot its expansion in SEA and MENA
In the wake of the pandemic, travel technology firm Onda is setting its sights on a $15 million fundraising effort as it renews its expansion plans across Southeast Asia (SEA)…
Malaysia’s ‘Waktu Solat’ Announces Revolutionary Update for Ramadan
Kuala Lumpur, Malaysia – Waktu Solat Malaysia (WSM), the leading Islamic prayer application in Malaysia, has recently unveiled its updated version, introducing significant improvements and new features to enhance the…
Samsung Earns AMD’s Approval for MI300 A.I. Processors
In a significant development for the global semiconductor industry, Samsung Electronics is poised to strengthen its position in the competitive memory semiconductor market. Recent analyses by research firm TrendForce have…
Binance Announces Delisting of Multiple TrueUSD Trading Pairs
In a strategic move aimed at streamlining its trading offerings and safeguarding its user base, Binance, a leading cryptocurrency exchange, has declared its intention to remove a selection of trading…
Singaporean fintech company DCS proudly obtains $75 million in funding through asset-backed notes
Singapore’s fintech pioneer, DCS Card Centre, has recently made waves in the financial sector by announcing the successful acquisition of S$100 million (US$75 million) in asset-backed notes, marking a significant…
Silicon Box of Singapore to Construct $3.5 Billion AI Chip Plant in Italy
In a groundbreaking announcement that marks a significant milestone for both Italy’s tech sector and the global semiconductor industry, Singapore-based Silicon Box has unveiled plans to invest 3.2 billion euros…
Google’s Gemini will avoid engaging in discussions related to elections in India.
In a move reflective of the tech giant’s growing commitment to digital responsibility, Google has announced significant restrictions on its AI chatbot, Gemini, specifically concerning queries related to the impending…
Bear Robotics, a robot waiter startup, secured $60M from LG.
In a bold move marking its further departure from the smartphone industry, LG Electronics has solidified its commitment to the burgeoning field of robotics. The company has just announced a…
Telegram Set to Achieve Profitability in Upcoming Year
In a recent revelation, Pavel Durov, the founder of Telegram, announced that the widely popular chat app is on track to achieve profitability by the next year. With a burgeoning…
AI Singapore and Google collaborate to enhance large language models in Southeast Asia (SEA).
Singapore – In a landmark partnership, AI Singapore (AISG) and Google Research have embarked on an ambitious project named SEALD (Southeast Asian Languages in One Network Data) to revolutionize large…
Ethereum’s Dencun Upgrade: A Pivotal Moment Imminent in 48 Hours
The Ethereum network is on the brink of its Dencun upgrade, scheduled for March 13, marking one of the most eagerly awaited hard forks since the landmark Merge event. The…
JB Financial secures a 3.9% share in a Vietnamese investment app amid fintech expansion efforts.
Seoul, South Korea – In a strategic move to expand its foothold in the Southeast Asian market, South Korea’s JB Financial Group has acquired a 3.9% stake in the Vietnam-based…
The Upcoming Bitcoin Halving: A New Chapter Unfolds
The Bitcoin ecosystem is on the cusp of a pivotal moment, with the forthcoming halving event poised to redefine the supply and demand dynamics more favorably than its predecessors in…
American technology behemoths encounter formidable obstacles in China.
In what seems to mark the end of an era, American CEOs are confronting a starkly changed business landscape in China, once hailed as a golden land of opportunity. The…
Major Entities Set to Amplify Bitcoin Investments: Insights from Bitwise
Bitwise, a leading crypto-native asset management firm, anticipates a significant surge in Bitcoin investments by entities controlling trillions of dollars in assets. According to a recent investment memo from Matt…
Baron elevates Swiggy’s valuation to $12.16 billion, surpassing its previous value in the private market.
Baron Capital, a prominent investment firm based in New York, has made headlines by significantly increasing the value of its stake in the Indian food delivery startup Swiggy. This move…
Bitcoin Surpasses $71K, Setting a New Record High
Bitcoin marked a significant milestone on March 11 by reaching a new all-time high of $71,415, following a 2.62% increase in the preceding 24 hours, as reported at 08:05 am…
China is imparting a challenging business lesson to huge companies such as Apple and Tesla.
There was a time not so long ago when the American corporate gaze was firmly fixed on China, seen as a boundless horizon of opportunity. This perception, fueled by years…