What Evergrande’s Collapse Might Mean for Global Business
The recent order by a Hong Kong court to liquidate Evergrande, the heavily indebted Chinese property giant, marks a significant turning point two years after the company’s default. This decision…
Microsoft and ASEAN Foundation Initiate Interesting AI TEACH Program to Mold Tech Future in the ASEAN Region
The advent of Artificial Intelligence (AI) in the Association of Southeast Asian Nations (ASEAN) region marks a transformative era. It’s anticipated to add a staggering USD 1 trillion to the…
AC Ventures Secures $210 Million for Newly Closed Fund Focused on Indonesia
AC Ventures’ Recent Achievement In the face of a prolonged period of limited funding, AC Ventures, a prominent venture firm based in Jakarta, Indonesia, has brought a wave of optimism…
Chinese Markets Indicate Increasing Need for More Action from Beijing
China’s stock and bond markets are sending a clear message to policymakers: further actions are necessary to restore investor confidence. Tuesday saw a continued decline in stocks, diminishing the gains…
Aniai Raises $12 Million to Introduce IntelligentBurger-Cooking Robots in Restaurants
Founded in 2020, Aniai, a pioneering startup in the field of culinary automation, has recently achieved a significant milestone in its journey towards revolutionizing the restaurant industry. Known for developing…
Asian Shares Decline Amid Worries About China’s Real Estate Market
Tuesday witnessed a decline in Asian shares, primarily influenced by the court-ordered liquidation of China’s property giant, Evergrande Group. This development, coupled with escalating geopolitical tensions, bolstered oil prices while…
Motorist Company Secures Series A Funding at a Valuation of $60 Million USD
Singapore-based startup Motorist, renowned for its innovative digital tools designed to simplify vehicle ownership, has recently announced a significant milestone in its journey towards revolutionizing the automotive sector. With a…
China’s Decade-Long Bond Yield Drops to 20-Year Low Amid Anticipated Monetary Easing
(Jan 30): China’s benchmark government bond yield dropped to its lowest in nearly 22 years, hitting 2.48%, a level not seen since 2002. This decline reflects growing expectations for additional…
Arkadiah Technology, a nature-focused tech startup, completes seed funding round with leadership from Golden Gate Ventures
Arkadiah Technology, a trailblazer in the nature tech sector, recently announced a substantial seed funding round, marking a significant milestone in its journey. The specifics of the investment, orchestrated by…
China Reduces Bank Reserve Requirements to Enhance Economic Stimulus Amid Slowing Growth
HONG KONG — In a significant move to stimulate its slowing economy, China’s central bank, the People’s Bank of China (PBOC), announced a reduction in the reserve requirement ratio (RRR)…
AC Ventures Secures $210 Million to Support Entrepreneurs in Indonesia and Southeast Asia
AC Ventures (ACV), a prominent venture capital firm based in Indonesia, recently achieved a significant milestone in its journey of fostering innovation and entrepreneurship. Last week, the firm announced the…
Malaysia launches grants for small businesses to combat unemployment and income inequality.
Ahmad Iskandar, a dynamic entrepreneur, embarked on a unique journey in the world of coffee by launching a modest grab-and-go coffee stall at the National University of Malaysia (UKM) earlier…
Tech giants Tencent and Alibaba acquire mainland properties amidst real estate slump 2024.
In recent years, China’s tech behemoths like Tencent Holdings and Alibaba Group Holding have pivoted towards significant investments in mainland real estate. This trend emerges amidst challenging economic conditions and…
Mediacorp Initiates ‘The Big Spark,’ a Platform Linking Aspiring Entrepreneurs in Southeast Asia with Investors
On Thursday, November 16, during the Singapore FinTech Festival, Mediacorp unveiled a groundbreaking initiative designed to transform the entrepreneurial landscape in Southeast Asia. This ambitious project, named “The Big Spark,”…
Artisse AI Secures $6.7M for Enhanced Realism in AI Photography App
“Artisse, a groundbreaking AI photo creation application, has recently secured a notable $6.7 million in seed funding. This surge in investment comes in the wake of the viral popularity of…
Wasabi, AWS’s competitor, enhances its cloud storage with Curio AI acquisition.
Boston-based Wasabi Technologies, a rising star in the data storage industry, has recently made headlines with a strategic move that positions it to compete more effectively with major cloud vendors…
Tokyo-based startup Sakana AI secures $30 million funding to innovate with streamlined AI models
Sakana AI, a groundbreaking artificial intelligence startup headquartered in Tokyo, was co-founded by two distinguished former Google engineers. The company has recently made headlines by securing a remarkable $30 million…
Exclusive report reveals that despite the U.S. ban, China’s military and government entities have obtained Nvidia chips.
Over the past year, there has been a notable trend of Chinese military bodies, state-run artificial intelligence research institutes, and universities acquiring small batches of Nvidia semiconductors, despite U.S. export…
Robotic startup 1X, supported by OpenAI, secures a $100 million investment
1X Technologies, a pioneering Norwegian robotics startup, has recently made headlines with its substantial achievement in securing $100 million in Series B funding, a monumental leap for the company and…
Microsoft’s newest AI video technology elevates standards with its advanced trajectory-focused generation capabilities
In the rapidly evolving landscape of artificial intelligence, a significant development has emerged in the realm of video generation. A number of AI companies, including giants like Stability AI and…