Tech in Asia

In 2024, Shein's solar power usage equaled the annual electricity consumption of over 10,000 households.

This week, the 60/40 Podcast discusses how the rise of AI will change the way startups are built and how they raise funds.

Experts warn the Nikkei may fall below 30,000 if tariff conflicts continue.

This decision follows assurances from Attorney General Pam Bondi and comes after a second extension of TikTok's ban deadline.

The company will use the new funds to expand across Europe, starting with Germany.

Once completed, Ecom Express will operate as a subsidiary of Delhivery.

This partnership reflects a trend of French firms collaborating on AI development amid ongoing global trade tensions.

Largan is exploring lens designs for humanoid robots and factory automation, expanding beyond smartphones.

Japan's Nikkei 225 fell nearly 8% in early trading before trimming losses to 6%, closing at 31,758.28 by midday.

Coinbase's stock, once peaking at US$343 in December, has dropped below its October 2024 value.

The tariffs, which started at 10% on Apr. 5, will rise to 11%–50% on Apr. 9.

The helpline initiative is expected to address challenges and promote innovation in India's entrepreneurial landscape.

In contrast, the Japanese yen gained 0.49% against the US dollar. Hong Kong's dollar also edged up by 0.04%.

The smartphone division may be hit hardest, with Galaxy prices in the US possibly rising by up to 46% due to new tariffs.

Coho AI aimed to serve B2B SaaS companies with tools for analyzing customer behavior and identifying monetization opportunities.

Taiwan, a major chip producer, is hit with a 32% tariff under the new US trade plan.

DeepSeek plans to open source the GRM models, though no timeline has been shared.

EToro's net profit surged to US$192 million in 2024, up from a loss of US$21 million in 2022.

PM Anwar said Malaysia will focus on strategic interests and discussions with stakeholders, including US firms.

Taiwan also plans to increase purchases of American goods to balance trade.