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…
Huawei Opens Pre-Orders for Mate 70 Ahead of Big Event
Huawei Technologies has started accepting pre-orders for its latest Mate 70 smartphone model. The announcement, made on the company’s official WeChat account on Monday, marks a new chapter for the…
Taiwan Seeks EU Economic Partnership to Boost Semiconductor Ties
Taiwan President Lai Ching-te has called for the European Union to sign an economic partnership agreement with the island, highlighting its potential to deepen cooperation in critical sectors such as…
Alibaba Beats Profit Forecast as China Faces Tepid Spending
Chinese e-commerce leader Alibaba delivered better-than-expected profits in its September quarter, driven by gains from equity investments, despite falling short on sales projections. The company’s net income rose 58% year-on-year…
ByteDance’s $300 Billion Valuation Revealed Amid Investor Buyback
TikTok’s parent company, ByteDance, has been valued at approximately $300 billion, sources familiar with the matter revealed. The company recently approached investors with a share buyback offer priced at $180.70…
Samsung Electronics Announces $7.2 Billion Buyback After Stock Slump
Samsung Electronics has announced plans to repurchase shares worth 10 trillion won ($7.17 billion) over the next year following a sharp decline in its stock price. This move, the company’s…
Bengal Man Arrested in $235M WazirX Crypto Hack Investigation
In a significant development in the investigation into the $235 million hack of the WazirX cryptocurrency exchange, Delhi Police arrested a suspect from the Bengal region. The arrest marks a…
ePlane Secures $14M to Propel India’s Air Taxi Ambitions
ePlane, an Indian startup focused on electric air taxis, has raised a $14 million Series B funding round as it seeks to capitalize on the Indian government’s interest in developing…
South Korean Morphing Wheel Aims to Redefine Accessibility in Robotics
Researchers at the Korea Institute of Machinery and Materials (KIMM) are pioneering a ‘morphing’ wheel technology that could redefine accessibility and movement in robots, wheelchairs, and unmanned vehicles. This adaptive…
SEC Greenlights Coincheck for Nasdaq Debut as First Japanese Crypto Exchange
Coincheck, a Tokyo-based cryptocurrency exchange under the umbrella of Monex Group, is poised to mark a significant milestone by becoming the first Japanese crypto exchange to be listed on the…
China-Linked Hackers Breach U.S. Telecom Networks, Steal Surveillance Data
Chinese-linked hackers accessed surveillance data meant for U.S. law enforcement after infiltrating the networks of several telecom companies, according to a statement from U.S. authorities on Wednesday. The FBI and…
Guilty Plea Entered in $73 Million Cryptocurrency Laundering Case
In a recent legal development, Daren Li, a 41-year-old dual citizen of China, has entered a guilty plea for his involvement in a sophisticated scheme that laundered $73 million obtained…
China Closing the Tech Gap with the West Says Microsoft President
Microsoft’s President and Vice-Chairman, Brad Smith, cautioned against assumptions that China lags behind the U.S. and Europe in tech advancements, suggesting that China is narrowing the gap with the West.…
Nvidia and SoftBank Unveil First AI and 5G Telecom Network
Chipmaker Nvidia and SoftBank Corp have launched a pilot for the world’s first telecom network that combines artificial intelligence (AI) and 5G technology. Announced on Wednesday, this collaboration pioneers a…
Tencent Reports 47% Profit Jump as Games and AI Drive Growth
Tencent posted a stronger-than-expected 47% profit surge in the third quarter, driven by gains in gaming, advertising, and cloud services, as announced on Wednesday. The Chinese social media and gaming…
North Korean Malware Bypasses Apple’s Security Measures to Target macOS Systems
Researchers at Jamf Threat Labs have uncovered a series of applications developed by North Korean hackers that managed to bypass Apple’s stringent security protocols, including its notarization process. This development…
Vietnam Expands Chip Packaging as Companies Shift Production from China
Vietnam is rapidly expanding its footprint in the semiconductor back-end manufacturing sector, attracting foreign investment as companies reduce operations in China due to escalating trade tensions with Western nations. Foreign…
Samsung Shares Drop as Trump Tariff Concerns Spark Market Reaction
Samsung Electronics shares reached a four-year low on Wednesday, impacted by concerns over potential U.S. tariffs on Chinese imports under a possible new Donald Trump administration, as analysts note. The…
SoftBank Reports Major Profit Surge with Vision Fund’s Rebound
SoftBank’s Vision Fund division reported significant gains of 608.5 billion yen ($3.96 billion) in its fiscal second quarter, as the Japanese conglomerate experienced a sharp rise in returns on its…
Small Businesses Gain New AI Tool as Alibaba Expands International Reach
Alibaba has launched a new artificial intelligence-driven search engine, Accio, aimed at small businesses in Europe and the Americas to aid in sourcing supplies. This tool represents Alibaba’s strategic move…