Baidu’s Revenue Slumps as AI Strategy Faces Hurdles
Baidu Inc., a Chinese pioneer in artificial intelligence, reported a 3% decline in revenue for the third quarter, marking its steepest drop in over two years. The company attributed the…
BitGo Launches MAS-Regulated Crypto Subsidiary in Singapore
California-based cryptocurrency exchange BitGo has launched a subsidiary in Singapore, following the receipt of a major payment institution license from the Monetary Authority of Singapore (MAS) three months earlier. On…
South Korea Confirms North Korea Behind $50 Million Upbit Cryptocurrency Hack
South Korean authorities have officially confirmed that North Korean hacker groups were responsible for the $50 million cryptocurrency theft from Upbit, a South Korean-based cryptocurrency exchange, in 2019. On November…
Alibaba Takes on Rivals with E-Commerce Reshuffle
Alibaba Group is consolidating its domestic and international e-commerce operations into a unified business unit to counter increasing competition, according to a Thursday stock exchange filing. The move marks the…
Indian Quick-Commerce Giant Zepto Raises $350M
Zepto has secured $350 million in its third funding round in six months, cementing its position as a leading player in India’s burgeoning quick-commerce sector. The Mumbai-based startup, which plans…
Japan Set to Implement Stimulus Package with Emphasis on Tax Reform, Including Cryptocurrency
Japan is poised to implement a new economic stimulus package by the end of 2024, as promised by Prime Minister Shigeru Ishiba, who has committed to engaging in bipartisan discussions…
Indonesia Considers Apple’s Offer to Lift iPhone 16 Restrictions
Indonesia will review a US$100 million investment proposal from Apple Inc. as the tech giant aims to reverse the government’s ban on iPhone 16 sales. The Ministry of Industry announced…
Toyota Develops Self-Pressurizer to Boost Cold Hydrogen Vehicle Efficiency
Toyota has unveiled a novel innovation for liquid hydrogen vehicles aimed at enhancing efficiency and minimizing fuel loss. The new system, showcased during the Super Taikyu Series 2024 race, incorporates…
Japan’s Kioxia to List with $5 Billion Market Value
Bain-backed Kioxia, a major player in the global chip market, is set to receive listing approval from the Tokyo Stock Exchange on Friday, two unnamed sources revealed. With an indicative…
South Korea’s Democratic Party Advocates for 20% Crypto Tax Starting in 2025
The Democratic Party of Korea (KDP) is making strides toward implementing a tax on cryptocurrency gains by the start of 2025, proposing a significant increase in the threshold for taxable…
Indian News Agency ANI Takes OpenAI to Court Over AI Training Dispute
Indian news agency ANI has initiated legal action against OpenAI, alleging that the company used ANI’s proprietary content without authorization to train its AI chatbot, ChatGPT. The lawsuit, filed in…
Hong Kong Cyberport’s Web3 Ecosystem Expands to 270 Blockchain Companies
Hong Kong‘s Cyberport, a state-supported business hub, has rapidly expanded its roster of blockchain-related enterprises to over 270, following the addition of more than 120 firms in just 16 months.…
Kadokawa Gains 19% After Sony Interest Surfaces
Kadokawa Corporation’s stock surged 19% during early trading in Tokyo on Wednesday, following a Reuters report that Sony is in discussions to acquire the Japanese publishing, anime, and gaming giant.…
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…