Singapore’s Bolttech Raises Over $100 Million to Reach $2.1 Billion Valuation
Insurance technology company bolttech, headquartered in Singapore, has announced raising over $100 million in its Series C funding round. Led by Dragon Fund, Mitsubishi UFJ Financial Group, and fintech direct…
Sony Acquires 10 Percent Stake in Kadokawa Amid Market Fallout
Japan’s Kadokawa Corporation, known for its popular game “Elden Ring,” faced a sharp sell-off in its stock on Friday following an announcement that dashed hopes of a full acquisition by…
Shein Agrees to Local Data and Control Rules for India Comeback
Shein, the Chinese fashion retailer, must hand over Indian customer data and relinquish control of its local operations to its partner, Reliance Retail, to return to India. Government disclosures on…
ASML and Partners Commit $230 Million for Eindhoven Development
Dutch technology companies, including chip equipment maker ASML, have committed around $230 million to support infrastructure development in Eindhoven, one of Europe’s fastest-growing technology hubs. The announcement ties into “Operation…
Qualcomm’s Nuvia Deal Could Save $1.4 Billion Annually in Arm Fees
Qualcomm projected it could save up to $1.4 billion annually in payments to Arm by acquiring startup Nuvia, according to internal documents revealed in a Delaware federal court trial. Qualcomm…
Honda and Nissan in Talks to Join Forces Against Competitors
Honda and Nissan are exploring a merger that could reshape the global automotive landscape. According to Nikkei, the two Japanese automakers are in talks to consolidate under a new holding…
Japan’s Kioxia Valued at $5.8 Billion After IPO Surge
Shares of Kioxia Corporation surged 14% on their debut Wednesday, valuing the Japan-based memory chipmaker at approximately 890 billion yen ($5.8 billion). Backed by Bain Capital, the company’s initial public…
Salesforce Boosts AI Sales Team with 2,000 New Hires
Salesforce, the cloud software leader, announced plans to hire 2,000 sales representatives to focus on its growing portfolio of AI products. This decision, shared by CEO Marc Benioff during a…
FTC Bans Hidden Fees on Tickets and Short-Term Lodging
The Federal Trade Commission (FTC) has issued a rule targeting deceptive pricing practices in the live-event ticketing and short-term lodging industries. This new “Junk Fees Rule,” finalized on Tuesday, mandates…
Amazon Workers in NYC and Illinois Plan Strikes Over Union Disputes
Amazon workers at two New York City warehouses plan to strike after the company missed a December 15 deadline to engage in union contract negotiations. Employees at the JFK8 facility…
Taiwan Explores Collaboration with Amazon on Satellite Internet
Taiwan is exploring a partnership with Amazon for its Kuiper broadband satellite system, as the government seeks to bolster communication infrastructure against potential disruptions. Taiwan’s Technology and Science Minister, Wu…
Elon Musk and SpaceX Face Federal Investigations Over Security Concerns
Federal reviews are underway to investigate Elon Musk and SpaceX for potential violations of U.S. security protocols. According to a report by The New York Times, Musk and his aerospace…
Chinese Lifestyle App Xiaohongshu Drives High-End Sales
Tera Feng, a Shanghai-based influencer with over 500,000 followers, has tapped into Xiaohongshu’s platform to sell a variety of products, ranging from high-end suits priced at 15,000 yuan ($2,060) to…
Half of Singapore Workers Hide AI Usage from Managers
A new Slack Workforce Index study reveals a complex relationship between Singapore’s workforce and artificial intelligence (AI). While 52% of employees actively use AI to streamline their work, nearly half…
Elon Musk Confirms SpaceX Headquarters Will Be in Starbase Texas
Elon Musk announced on Thursday via social media platform X that SpaceX’s headquarters will now officially be located in Starbase, Texas. The move marks another significant relocation for the billionaire,…
Intel Leaders Discuss Possible Manufacturing Spinoff
Intel’s newly appointed co-CEOs, Michelle Johnston Holthaus and David Zinsner, acknowledged on Thursday that the company might have to divest its manufacturing operations if a critical chipmaking technology, 18A, slated…
ServiceTitan Shares Jump 42 Percent in Market Debut
Shares of ServiceTitan surged 42% in their Nasdaq debut on Thursday, valuing the cloud-based software firm at nearly $9 billion. The Glendale, California-based company, which offers software solutions for HVAC…
Hyundai’s Supernal Relocates Headquarters from DC to California
Hyundai’s electric air taxi startup, Supernal, is relocating its global headquarters from Washington, D.C., to Irvine, California, impacting a significant portion of its workforce in the process. Approximately 35 to…
Microsoft Takes a $800M Blow from Cruise Robotaxi Closure
Microsoft is set to take an $800 million hit due to General Motors’ decision to shut down its self-driving car subsidiary, Cruise. The impairment charge, disclosed in a regulatory filing,…
Ant Group Appoints New CEO as Jack Ma Speaks on AI’s Future
Ant Group has named Cyril Han as its new Chief Executive Officer, signaling a leadership shift as the financial technology giant aims to rejuvenate its growth following years of regulatory…