Tech in Asia

More: A look at the vertical microdrama phenomenon and at the Shanghai AI lab that Microsoft closed down.

AC Ventures sells half of its stake in the Philippine e-wallet to Mitsubishi, which will then own 50% of the VC firm.

It focuses on enhancing credit and insurance services for tech firms and promoting pilot projects to support bond financing.

The authors claim Meta used works from LibGen, a "shadow library" with over 7.5 million books, without permission.

SoftBank's investment, the largest in this round, would drop from US$30 billion to US$20 billion.

Despite the downturn, Musk remains optimistic, calling the situation a "buying opportunity" for investors.

Amazon's drones include the MK30 model, designed to be quieter and fly in light rain.

This case is one of the first major legal challenges by a news publisher against AI companies.

CaaStle has raised over US$530 million in funding, with its last round in 2019 totaling US$43 million.

Flagship currently has 13 employees in Australia and the US, with plans to grow the workforce by 25% this year.

The claim garnered significant attention in China, where the nationality of high-profile entrepreneurs is a sensitive issue.

India considers lowering taxes on agricultural products like almonds and cranberries.

Despite the announcement, Metaplanet's stock fell by 0.98%, while bitcoin’s price rose by 1.6% to US$84,526.

GameStop holds over US$4 billion in cash and reported US$3.8 billion in revenue in 2024.

The transaction involved transferring about 8.4 million common shares of Circle, valued at approximately $209.9 million.

Fintech led in total funding with US$739 million, followed by ecommerce at US$610 million, enterprise tech at US$458 million.

Economic uncertainty, including recession fears and trade tensions, has contributed to market unease.

Tether allocated 15% of its quarterly net profits to this strategy, making it the sixth-largest BTC holder in one wallet.

Guangdong's initiative highlights contributions from local tech firms like Huawei and Tencent.

Ray Chan will serve as chairman and CEO, leading the company's strategic direction with key members from 9gag.