Yimie Yong

Binance pleads guilty to US money laundering violations, CEO Changpeng Zhao steps down

Binance’s Founder and Chief Executive Officer, Changpeng Zhao, a Canadian national, also pleaded guilty to failing to maintain an effective anti-money laundering (AML) program, in violation of the BSA and has resigned as CEO of Binance.

Sam Altman will return as OpenAI CEO after staff threatened to resign

Altman’s departure follows a deliberative review process by the board, which concluded that he was "not consistently candid in his communications with the board", hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI, the statement added.

X-PITCH 2023 global winners announced: celebrating innovation excellence in DeepTech startups

The competition featured unconventional semi-finals conducted on Singapore River bumboats - a groundbreaking first for the global startup arena.

China’s Meituan explores deal for Delivery Hero’s Southeast Asia arm Foodpanda – report

Meituan has held talks with Delivery Hero about buying Southeast Asian operations that run under the Foodpanda brand, the people said.

Malaysia’s unicorn Carsome cutting “hundreds of jobs” to reach profit – report

Carsome “makes adjustments to its workforce where necessary,” the company said in an emailed response to Bloomberg's questions, declining to comment on specific numbers. “We remain committed to investing in all of our current markets and plan to accelerate profitable growth in 2024.”

Ant Group Digital Technologies says its international business operation increases 300% in the past year

Ant Group Digital Technologies announced that its revenue from its international business operation has increased by 300 percent in the past year, with key markets including Malaysia, Indonesia, the Philippines and other emerging economies.

COMEUP 2023 opens in Seoul, aims to become a truly global event

COMEUP 2023 will be held at Dongdaemun Design Plaza in Seoul, South Korea from Nov 8 to 10, and will also be available online, through a livestream.

Thailand’s SCG’s IoT unit, powered by Tuya Smart, eyes China market

The Tuya Innovation Roundtable (Asia Pacific) on Oct 18 in Bangkok also includes presentations by all three companies, a panel discussion and interview sessions. Media representatives were also given the opportunity to experience “mind” smart home solutions and some other IoT products and services developed by SCG.