Tech in Asia

The fund aims to provide secured loans to established businesses, particularly those undergoing digital transformation.

Layoffs will cost the company US$36 million to US$53 million, mostly from severance and benefits.

The fund addresses a US$320 billion credit gap, crucial for Thailand and Indonesia's SMEs.

This purchase, reported on May 7, 2025, was made at an average price of US$96,134 per bitcoin.

Under the MoU, Foxtron will develop and supply an EV model to Mitsubishi as an original equipment manufacturer (OEM).

This office will focus on public and government affairs related to the company's operations in the US.

Arya.ag reported a 36% profit increase for FY 2023-24, with gross revenue rising 106% year-on-year.

TSMC contributed about 65 points to the Taiex with its 0.87% rise.

Adjusted EBITDA for the quarter was US$19.4 million, up from US$16 million a year earlier.

Founded by Amartya Jha and Chinmay Bharti, CodeAnt AI operates from both Bengaluru and San Francisco.

Uber anticipates gross bookings for the current quarter to be between US$45.75 billion and US$47.25 billion.

Grab is said to have engaged advisors to assist with the process.

OpenAI’s Mark Chen on rivals, open source, and what’s next for the AI giant. Plus: Why foreign VCs are still betting on SEA.

OLX India, part of CarTrade Tech’s portfolio, reported a 72% YoY profit growth for the full year.

The integration aims to enhance user experience by linking product posts directly to the Taobao app.

This expansion adds 450 cabinets, increasing the facility's capacity to meet regional demand for digital infrastructure.

Simple Energy aims to achieve EBITDA profitability by the end of FY26 and net profitability before the IPO.

Onebeat plans to replace traditional forecasting methods with real-time data and AI-driven adjustments.

NewLimit reports progress in developing treatments aimed at restoring youthful characteristics to aged cells.

OpenAI intends to reduce its revenue share with Microsoft by at least half by the decade's end.