Search results for L
Games & Commerce
U.S. fashion brand Everlane to be sold to Shein for $100 million amid debt burden
U.S. fashion brand Everlane will be sold to Chinese fast-fashion company Shein for about $100 million, with the deal already approved by both boards, online media outlet Gigazine reported. Everlane, founded in 2011, grew by promoting sustainability and transparency through a direct-to-consumer model. In recent years, slowing growth and weaker profitability increased its financial burden. It had about $90 million in debt as of March and had sought new investors.
Industry
L&F completes LFP-dedicated subsidiary plant, mass production to start in Q3
L&F said on May 18 it has completed the L&F Plus plant, a dedicated subsidiary for LFP cathode materials, and will start mass production by the end of the third quarter. The plant was completed about nine months after construction began in August last year. Built on a roughly 100,000 square metre site in Daegu, the project targets 60,000 tons capacity with investment of 338.2 billion won.
AI & Enterprise
OpenAI acquires voice cloning startup Weights
OpenAI has acquired Weights.gg, a startup that provided an AI voice-cloning tool, the New York Times reported. The terms of the deal were not disclosed, but OpenAI was reported to have bought Weights’ small staff team and its intellectual property. Weights announced in March that it would shut down its service. It hosted shared AI algorithms for voice cloning, including models of celebrities and politicians.
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Mobility
Tesla range drops 52 km after switching to in-house 4680 battery cells in European Model Y
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AI & Enterprise
MSIT to upcycle 30 existing AI Hub datasets
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Crypto
XRP $100 probability debated; analyst says higher than 1 percent
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Games & Commerce
Korea Post launches campaign to boost recycling of composite-material products
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Industry
GNG Intech secures Series A investment from L&S and IBK
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Industry
L&F posts 118.9 billion won Q1 operating profit, returns to profit
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Crypto
Long-term bitcoin holders lock up coins as short-term holders sell, signaling divergent supply flows
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AI & Enterprise
ETRI demonstrates next-generation DRAM architecture without capacitors
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Industry
Uber takeover rumor swirls around Kakao Mobility as Tesla launches six-seat Model Y L
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Telecommunications & Media
LG HelloVision expands new businesses amid broadcasting slump, rental growth in focus
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Mobility
Tesla launches six-seat Model Y L in South Korea from 64.99 million won
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AI & Enterprise
Korea launches agentic AI alliance with 260 companies and institutions
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AI & Enterprise
MOTIE says M.AX Alliance expands to 1,300 participants; humanoid pilots to rise to 30 sites
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AI & Enterprise
Bespin Global to hold AI Partners Day 2026 on March 31
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Industry
Samsung SDI, L&F sign supply deal for China-free LFP cathode materials for U.S. ESS market