Tech in Asia

This funding elevates Wordsmith AI's valuation to over US$100 million.

MyWheels plans to deploy 500 Renault EVs, including the electric R5 model, by 2026.

Amber already holds a strong position in Australia, with 40% of new automated home batteries using its services.

The private placement includes US$500 million in 2.00% notes due in 2029 and US$500 million in 3.00% notes due in 2031.

Hackers gained access to KiranaPro’s AWS and GitHub root accounts, possibly using credentials from a former employee.

The filing also shows his total reported assets are worth at least US$7.6 million.

Indonesia's unicorns include Traveloka, valued at US$3 billion since 2017, now based in Singapore.

The company sold 1,758 units during the month, down from 3,244 units in May 2024.

This agreement is intended to enhance OSL's presence in Southeast Asia.

Musk also noted that US$1.1 billion of this revenue comes from SpaceX’s collaborations with NASA.

Which are the startups that are on the path to becoming the next big thing?

Economy minister Airlangga Hartarto said that Indonesia aims to expedite negotiations.

Miniso's Top Toy launched in late 2020 with just nine stores, now boasts 280 locations by 2025.

He plans to lift the ban on spot cryptocurrency ETFs and introduce a stablecoin market tied to the Korean won.

The feature is currently limited to paid subscribers, but wider access is planned.

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Naver also plans to launch a US-based investment arm, Naver Ventures, to fund AI startups.

The blue badge now signals paid subscribers who are “active, secure, and non-deceptive,” not verified public figures.

Foreign investment inflows during this period climbed by 7.9%, totaling US$8.9 billion.

Research results will be shared openly, with a focus on ethical use of neural data following IBM’s guidelines.