Microsoft’s revenue soars to $62 billion as investment in AI pays off.
Microsoft’s AI Investments Pay Off with Stellar Quarterly Results SAN FRANCISCO: In an impressive display of financial health, Microsoft has outpaced analyst expectations with its quarterly earnings report, thanks in…
New Security Legislation in Hong Kong Spurs Concerns Among Financial Sector
John Lee, Hong Kong’s leader, has been working for the past year to rejuvenate the city’s business environment, heavily impacted by pandemic restrictions and China’s economic slowdown. However, the initiative…
China Issues Warning to Ukraine for Labeling Its Enterprises as ‘War Sponsors’
In Kyiv, on February 1, tensions escalated as China communicated concerns to Ukraine over the potential damage to bilateral relations following Kyiv’s decision to label over a dozen Chinese firms…
Nvidia Enters Competition with Huawei in the Chinese AI Chip Market
In an era where technological supremacy forms the cornerstone of geopolitical power, Nvidia’s latest foray into the Chinese market with its AI chip, the H20, signals a pivotal moment in…
Lululemon’s Big Step into Men’s Footwear Market
Lululemon Athletica, the renowned athletic apparel retailer primarily associated with yoga pants and “belt bags,” has embarked on an exciting journey by entering the men’s footwear market. This strategic move…
China’s Xpeng is introducing its great equivalent of Tesla’s Full Self-Driving technology to international customers in 2024.
Xpeng Eyes Global Expansion with Smart Driving Tech as Key Attraction Guangzhou-Based EV Maker Sets Sights on International Markets with Advanced Driving Assistance Systems In a strategic move that signifies…
Amer, supported by Anta Sports, successfully launches in New York following a US$1.4 billion stock offering
In an era where the synergy between Chinese capital and global markets is increasingly pronounced, Amer Sports’ debut on the New York Stock Exchange stands as a testament to the…
Amazon Abandons iRobot Vacuum Maker Acquisition Following EU Objections
The recent fallout of Amazon’s acquisition of iRobot, the company behind the iconic Roomba vacuum, marks a significant turning point not just for iRobot but for the entire home robotics…
Elon Musk Proposes Relocating Tesla’s Incorporation to Texas Following Legal Dispute
Tesla CEO Elon Musk announced that the electric car manufacturer plans to initiate a shareholder vote on relocating the company’s state of incorporation from Delaware to Texas. This announcement follows…
China Vows to Continue Fiscal Expansion to Boost Economic Growth
The government plans to sustain a robust level of fiscal expenditure and continue transfer payments to local governments. The focal point of fiscal policy will be to expand domestic demand.…
Investors Express Concerns Over AI Development Costs as Microsoft and Alphabet Shares Decline
Tech giants recently faced a stark reminder of the volatile nature of the stock market, with AI-related companies witnessing a staggering $190 billion wiped off their market value late on…
Bidnow, pitchIN, and Gambit Join Forces to Boost Investor Knowledge in Digital Assets 2024
In a remarkable collaborative effort, three key players in the digital asset industry – Bidnow, pitchIN, and Gambit Custody – have come together to educate the public on the nuances…
Bitsmedia seamlessly secures $20M Series A from CMIA, Gobi, and Bintang Capital.
Singapore-based Bitsmedia, the innovator behind the widely popular Muslim lifestyle application, Muslim Pro, has successfully raised US$20 million (approximately RM93 million) in a Series A funding round. This significant financial…
China Implements Property Support Initiatives Amid Evergrande Crisis Concerns
As China faces mounting concerns over the liquidation of the Evergrande Group, the nation has launched significant new measures to support its property sector, marking a pivotal move towards stabilizing…
Disney Imagineer Introduces HoloTile Floor, Redefining Virtual Reality and Interactive Experiences
Lanny Smoot, a visionary Imagineer at Walt Disney Co., has once again blurred the lines between the realms of imagination and reality with his latest innovation: the HoloTile floor. This…
Artem Ventures expands into the Malaysian market, positioning itself as an interesting local venture capital facilitator
In a landmark year, Artem Ventures has set a new standard in venture capital investment within Malaysia, marking its first anniversary with remarkable achievements in funding emerging startups and small…
Federal Reserve Maintains Interest Rates, Signals Cautious Stance on Near-Term Cuts
On February 1st, the Federal Reserve maintained its interest rates unchanged for the fourth consecutive meeting, indicating a potential openness to rate cuts in the future. However, Jerome Powell, the…
DisruptInvest aims to unite 1000+ great entrepreneurs, investors, and corporates to boost startup investments and acquisitions
Malaysia’s Premier Startup and Corporate Innovation Event: DisruptInvest Summit 2024 Fostering Innovation and Collaboration KUALA LUMPUR, May 23, 2024 – NEXEA, a leading venture capital and startup mentorship platform, has…
Workato’s 2024 Work Automation Index Highlights Emerging Trends in AI and Automation
SINGAPORE, 1 February 2024 – Workato, the pioneer in AI-driven automation and integration solutions, proudly announced the release of its third annual Work Automation Index. This comprehensive report, drawing on…
China Initiates Major Rural Bank Mergers in Response to Escalating Financial Risks
China is embarking on an unprecedented consolidation of its banking sector, targeting the integration of hundreds of rural lenders into larger regional entities. This move comes in response to escalating…