Search results for Southeast Asia
Mobility
China and Thailand lead EV war as Japan and U.S. lag, analysis says
China and Thailand are moving ahead in reshaping the global auto industry by using domestic electric vehicle rollout policies to build export competitiveness, an analysis said. The key is the pace of electrification at home rather than export results alone. China’s plans target a sharp rise in new energy vehicles on its roads, supporting scale, learning effects and supply chains. Thailand is adjusting incentives toward export compensation as it becomes an EV export base.
Crypto
Augustus raises $180 million led by Tiger Global, CEO says
Venture capital firm Tiger Global led a $180 million Series B funding round for banking startup Augustus, with Hummingbird, QED and founders of Nubank, Ramp, Circle and Deel also taking part. The company was valued at $1 billion. Augustus plans to use the funds to expand services for fintech firms and banks in Latin America, Southeast Asia, the Middle East and Africa. CEO Ferdinand Davitz said the company aims to improve access to dollars abroad.
AI & Enterprise
ADB to invest $50 billion in pan-Asian power grid by 2035
The Asian Development Bank plans to invest $50 billion by 2035 to build a pan-Asian power grid to meet rising electricity demand from the spread of AI. It also proposed an additional $20 billion for digital infrastructure, taking the total to $70 billion for energy and telecommunications projects. The plan aims to link national grids, expand renewable energy trade, improve power access, cut emissions and create jobs.
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Crypto
K Bank to cooperate with Hong Kong\'s HashKey Group on digital asset remittances and payments
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Games & Commerce
NCSoft still undervalued despite earnings rebound; spotlight on Aion2 global launch
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Crypto
SBI targets Southeast Asia with Coinhako acquisition, brings 1.11 trillion Shiba Inu tokens into group
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Telecommunications & Media
KT offers roaming, Grab promotion for Southeast Asia summer travelers
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Crypto
SBI buys controlling stake in Singapore crypto platform Coinhako with MAS approval
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Games & Commerce
Gravity shifts to co-CEO structure with Park Hyun-cheol and Yoshinori Kitamura
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Industry
Battery industry shifts to foundry model with Western design and Asian manufacturing
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Telecommunications & Media
LG Uplus launches \'ixio roaming call\', starting in Japan and expanding to 100 countries
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Finance
Brokerages cut domestic branches and step up global push
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Mobility
BYD beats Tesla again, delivers 557,090 EVs in Q2 to regain global top spot
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Games & Commerce
Naver pivots from search to AI infrastructure with \'AI factory\' push
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Industry
U.S. to ease self-driving rules as 200 million won ultra-luxury Korean car gains attention
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Crypto
MiniPay launches Visa debit card, allows stablecoin payments
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AI & Enterprise
World of data labelling workers powering AI World Cup
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Telecommunications & Media
Southeast Asia to pursue five subsea power cable projects by 2040, governance seen as key