Xiaohongshu Rises as a Major Force in China’s E-Commerce Scene
Chinese social media platform Xiaohongshu, known for its Instagram-like interface, is making a significant impact in China’s e-commerce market. It is attracting attention and revenue from major players like Alibaba…
Hong Kong Police Crack Down on Crypto Fraud: Four Arrested, Including Teenager, in HK$11 Million Scheme
In a significant move against financial fraud, Hong Kong police have apprehended four individuals, including a 14-year-old, linked to a syndicate involved in defrauding cryptocurrency owners with counterfeit banknotes. The…
Hong Kong Legislator Considers Bitcoin for Financial Reserves
Hong Kong Legislative Council Member Johnny Ng has unveiled plans to explore the feasibility and benefits of incorporating Bitcoin into the financial reserves of Hong Kong. This initiative reflects growing…
Zhipu AI Unveils New Video Model, Joining Chinese Tech Giants in Challenging OpenAI’s Sora
Chinese AI start-up Zhipu introduced its latest video generation model, Ying, on Friday, marking a significant step in the growing competition among local tech firms in the AI video space.…
Major Tech Firms Showcase Innovative AI Tools for Game Developers at ChinaJoy Expo 2024
At ChinaJoy, Shanghai’s premier annual digital entertainment expo, tech giants like Tencent, Microsoft, and Amazon showcased their latest artificial intelligence (AI) tools to Chinese video game developers. These advancements aim…
Bitcoin Hits 16-Month High in Positive Sentiment as Price Approaches $68K
Bitcoin’s recent price surge has significantly impacted trader sentiment, reaching levels not observed in 16 months. Data from Santiment, a firm that monitors social media sentiment, highlights a notable shift…
UK’s Zapp EV Sets Sights on Global Expansion, Kicks Off in India
Zapp Electric Vehicles, a London-based electric two-wheeler manufacturer, is gearing up to expand its brand globally, with India as one of its key markets. The company plans to launch its…
Apple Ousted from Top 5 in China as Local Smartphone Brands Take Over
Apple has been edged out of the top five smartphone vendors in China during the second quarter, according to a report by Canalys. The tech giant’s market share shrank to…
Samsung Teases Innovative AI-Enhanced Upgrades for New Foldable Phones
In a stylish Parisian hotel, Samsung Electronics‘ mobile chief TM Roh showcased the company’s latest products, including foldable smartphones and the new Galaxy Ring, highlighting Samsung’s strategy to lock customers…
HSBC Australia Implements Restrictions on Payments to Crypto Exchanges Due to Scam Concerns
Starting July 24, 2024, HSBC Australia, a branch of the international banking giant, has initiated a significant policy change by blocking payments to cryptocurrency exchanges. This measure is part of…
India Intensifies Efforts to Curb Darknet Drug Transactions Through Enhanced Crypto Surveillance
India’s Narcotics Control Bureau (NCB) is stepping up its monitoring of cryptocurrency transactions linked to drug trafficking on the darknet. This initiative is part of a broader national effort to…
Digital Domain Invests $26M in Hong Kong R&D Center for VFX and AI Video
Digital Domain Holdings, known for its Oscar-winning visual effects in Marvel Studios’ blockbuster films, is establishing a new research and development (R&D) centre at Hong Kong Science Park in Sha…
Qoo10’s Korean Branches Under Investigation for Delayed Merchant Payments
The e-commerce market in South Korea, one of the largest globally, faces new challenges as two major platforms, Ticket Monster (TMON) and WeMakePrice, come under scrutiny. The Fair Trade Commission…
SMC’s AI Cloud Services Set for Global Expansion, CEO Announces
Singapore-based AI cloud provider Sustainable Metal Cloud (SMC) is preparing for a global expansion, driven by increasing demand for its energy-efficient technology. This move was confirmed by the company’s CEO,…
Thailand to Disburse Digital Money to 45 Million Citizens in Economic Stimulus Effort
In a significant move to boost its economy, Thailand‘s finance minister, Pichai Chunhavajira, has confirmed the implementation of a digital money distribution plan set to benefit up to 45 million…
Jio Joins Forces with MediaTek to Revolutionize the Two-Wheeler EV Market
India’s conglomerate Jio has partnered with Taiwanese semiconductor leader MediaTek to enhance the growing electric scooter market with advanced digital dashboards. Announced at an industry event in New Delhi on…
Toyota Announces Plans for New EV Battery Plant to Power Future Lexus Models, Reports Nikkei
Japan’s Toyota Motor Corporation is planning to build a new battery plant for electric vehicles (EVs) in Fukuoka, located in the southwestern region of Japan. The Nikkei business daily reported…
SK Hynix Announces $6.8 Billion Chip Plant in South Korea, Boosting Nvidia Supply Chain
Memory chip giant SK Hynix announced on Friday plans to invest 9.4 trillion Korean won ($6.8 billion) in constructing a new semiconductor manufacturing plant. The new facility, known as a…
OneStream Skyrockets in Market Debut, Boosted by KKR Backing
Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, giving the company a valuation close to $6 billion.…
Taiwanese Rocket Startup Poised to Test Japan’s Ambitious Space Hub Vision
A Taiwanese startup, TiSpace, is set to become the first foreign company to launch a rocket from Japan by early next year. This initiative is part of a broader strategy…