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Telecommunications & Media

China\'s Even Realities valued at $1 billion after $150 million pre-Series B round

China\'s smart glasses company Even Realities Technology raised $150 million in a pre-Series B funding round joined by Tencent and Meituan, valuing it at $1 billion. The Shenzhen-based startup plans to use the funds to develop a next-generation smart glasses platform, strengthen AI integration, expand global operations and accelerate product innovation. Founder and CEO Will Wang previously worked at Apple from 2016 to 2018.

Games & Commerce

Sony ends PS5 optical disc production as downloads dominate

Sony Interactive Entertainment will end production of 4K UHD Blu-ray discs for the PlayStation 5, saying digital media demand now far exceeds physical discs. Japan ITmedia reported the most direct reason was the overwhelming share of download sales. Sony Group data showed downloads accounted for 78 percent of annual game sales in fiscal 2025 and hit a record 85 percent in January to March 2026, while disc purchases were 15 percent.

Industry

LG Electronics to boost OLED leadership, defend premium segment with scarcity

LG Electronics is rolling out its 2026 OLED TV lineup, combining record-high brightness with ultra-low reflection technology to defend its position in the premium market. It unveiled the “The Next OLED” range in Seoul, highlighting new color and AI processing features, along with upgrades to sound and webOS. The company also introduced new form factors, including a wireless wallpaper TV. An executive said limited global OLED panel supply would prevent rapid price commoditisation.