World
Cryptocurrency prices fell on the news.
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India's Delhivery posts quarterly profit on strong express parcel growth
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Foxconn working on a new tie-up with OpenAI, says there is no AI bubble
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SoftBank-backed OPay raises $304m in US IPO
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Temasek-owned Mapletree eyes Singapore IPO in 2027: report
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ID Digest: Finfra secures ADB Ventures investment; Akulaku restructures ops
More Stories
Ares wary of AI chip financing over GPU depreciation risks
GoTo’s profitability streak faces a more demanding market
Hesai founders’ Sharpa bags $670m, unveils fully automated robot restaurant
Malaysia’s Sunway Group said to be leading race for Pharmaforte stake
GoTo posts third straight quarterly profit even as commission cap hits mobility services
Indonesia
GoTo’s turnaround is credible, but market needs proof that the improvement is durable.
The firm is targeting data centre investments in markets including Tokyo and Osaka.
Singapore
The connectivity segment, which houses the data center business, also contributed to growth.
Rest of Asia
EQT bid for Kakaku.com in May, only for Bain to submit a rival offer.
India
The funding also saw participation from NVIDIA, Accel, Shastra VC and Micromax.
Malaysia
The pre-owned electronics retailer recently raised a $4m Series A led by Foxmont.
The plan has drawn interest of up to $5b from Nvidia, AMD and Broadcom.
Philippines
“Founders end up designing for the weakest phone in the market,” said Jelmer Ikink.
Greater China
The STAR50 index of AI and semiconductor leaders has tanked 40% in four months.
