Tech in Asia

Currently, there are 893,000 pending subsidy claims and 109,000 for electric two-wheelers.

Slate aims to produce two-seat pickups priced below US$30,000, contrasting with Tesla's high-end models.

The MAS projected that the tariff would reduce corporate incomes and profits while curbing domestic demand.

In this week’s The Prompt, we look at China gaining ground in the AI race and ChatGPT’s deep research feature going mainstream.

Roborock, founded in 2014 and backed by Xiaomi Corp, went public in Shanghai in 2020.

He announced this pledge in a Facebook post on April 28, 2025, saying it would be implemented if he wins the election on June 3.

This development arises as Chinese exporters confront levies of up to 145% on goods shipped to the US.

Seoul and Washington will maintain direct and regular communication channels between their financial authorities.

Factories in key Chinese export hubs like Yiwu and Dongguan have scaled back operations.

Over 92% of brokerages are reportedly recommending Reliance shares.

This round brings Craif's total funding to US$57 million, valuing the company at just under US$100 million.

The government noted the economy’s resilience in the first quarter, driven largely by stronger domestic demand.

After the US raised tariffs to 145% in April 2025, cargo shipments from China fell by around 40%.

In the UAE, stablecoins are increasingly used for small-scale investments, with 93% of transactions being retail-sized.

During a Politburo study session, Xi emphasized the need for China to innovate in AI using its "new whole national system."

This expansion follows TikTok Shop's recent launch in France, Germany, and Italy in March.

This acquisition marked the largest crypto-related merger to date.

Webook.com, formerly Halayalla, has launched operations in eight countries and plans to expand further.

Extended-range EVs gained popularity in China last year, with over one million units sold, accounting for 6% of the market.

This investment, made for a 0.99% stake in YMTC, values the company at 161 billion yuan (US$22.1 billion).