Tech in Asia

The fintech sector led the way, with six funds worth US$1.18 billion and US$739 million raised across 33 deals.

From red-light therapy to metabolic tracking, a growing number are using advanced tech to prolong life and reverse aging.

Global Payments plans to issue US$7.7 billion in debt to replace bridge financing and refinance Worldpay's debt.

Chinese companies like BYD and Chery are already challenging Japanese, South Korean, and European brands in Malaysia.

China is Cambodia’s largest trading partner and creditor, holding over a third of its US$11 billion foreign debt.

Tencent's initiative includes five major job categories, emphasizing roles in advanced technical fields.

In today’s Daily newsletter, we examine Indonesia’s crypto market after a breakout year and explore AI’s potential for the country’s factories.

TSMC's CEO emphasized that no joint ventures or technology sharing with Intel are currently in talks.

Nvidia's CEO Jensen Huang visited Beijing, invited by a state-backed trade council amid US export restrictions.

The initiative will affect teaching methods, school curricula, and textbooks across all educational levels.

This investment increases the company's total funding to US$16.5 million since its founding in January 2024.

Alphawave reported a 34% increase in new bookings, totaling US$515.5 million for fiscal 2024.

Powell emphasized the need to support innovation while ensuring consumer protection and banking system stability.

This move aligns Zepto with industry peers such as Zomato and Swiggy, which also changed their names prior to their IPOs.

Founded in 2019, Peppermint Robotics specializes in robots for floor cleaning and material handling.

The Economic Times estimates the funding round values the company at around US$400 million based on past financial data.

This regulation follows a March incident in which a Xiaomi SU7 sedan caught fire after a crash at 97 kph.

Shein's US revenue grew by 29% in March compared to the previous year.

ABB also announced plans to spin off its robotics division, which generated US$2.3 billion in revenue in 2024.

The co-founders allegedly misused EV financing funds for personal expenses like luxury properties.