Tech in Asia

Earnings reports indicate that BYD began surpassing Tesla in sales from the third quarter of 2024.

Sources indicate that EVP has hired legal and forensic accounting professionals to examine StrongRoom AI's financial records.

The facility will be used to expand AI server production for North American clients, excluding any involvement from Apple.

InDebted, founded in 2016, has now entered its seventh market, expanding its digital debt collection services.

Tech firms are largely immune from the IDX's 6% plunge or the weak rupiah. But the picture on the ground is mixed.

Teams in consulting, CSR, cloud infrastructure, sales, and internal systems will also be affected.

The Lilly Gateway Laboratory can host five to eight biotech startups and teams at a time.

Neta Auto, also known as Hozon Auto, is focusing on improving its intelligent vehicle technology.

Nio's new management system evaluates projects based on ROI, aiming for profitability by Q4 2025.

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Lee noted Chinese firms like DeepSeek are advancing by optimizing less advanced chips and improving algorithm efficiency.

Daphni has invested in 70 European startups since 2015 and aims to invest in 40 more with this fund.

Tesla's market share in Europe's BEV segment fell to 10.3%, down from 21.6% a year prior.

Kaya Founders has now backed over 50 companies across ecommerce, financial services, and agriculture.

Amboss provides study tools for medical students and an online database for healthcare professionals such as doctors and nurses.

EToro is targeting a US$5 billion valuation with its IPO after a failed 2021 SPAC merger attempt.

BYD sold 4.27 million new electric vehicles (NEVs), a 41% increase, with overseas sales surging 72% to 417,000 units.

SeaBank's customer base expanded from 15 million in October 2024 to 17 million by December 2024.

The LRM will have small, medium, and large versions, using datasets from 2 billion to 1 trillion tokens.

This week’s On the Rise delves into Scorpio Electric’s downsizing and a Dubai-based startup’s pursuit of smart contact lenses.