Yimie Yong

Techsauce Global Summit 2024 Returns to Unveil the Future AI

This year, the Summit returns with the theme ‘The World of Tomorrow With AI,’ offering comprehensive insights into the key aspects of an AI-driven world.

Microsoft says about 8.5 million of its devices affected by CrowdStrike-related outage

"Although this was not a Microsoft incident, given it impacts our ecosystem, we want to provide an update on the steps we’ve taken with CrowdStrike and others to remediate and support our customers," Microsoft clarified in a blog post on Saturday.

Think-tanks CROSS, SEARCH, healthcare group Wellous & MOSTI agencies to co-organize inaugural ATEC 2024

The conference will focus on cultivating a robust ecosystem for science, technology, and innovation, providing a platform for knowledge exchange, and empowering technopreneurs to leverage emerging technologies for entrepreneurship, while enhancing regional exposure for Malaysian innovators.

China’s CATL in talks to raise $1.5B supply chain fund – report

A key supplier to Tesla, CATL maintains a clear lead in the global battery market with a 37.5 percent share.

Jay-Z Invests $5M in Hong Kong luxury watch retailer Wristcheck

Since its founding in 2020, the watch company has garnered about $13.6 million from backers such as Alibaba Entrepreneurs Fund, Gobi Partners GBA, and K3 Venture

China’s HongShan sets up $2.5B startup fund – report

The report also said it is the largest fundraising by a privately-owned VC firm in China in the past year, marking the ongoing influence commanded by its founder Neil Shen, often considered the country’s most powerful tech investor.

Ant Group-backed India’s Paytm gets government panel nod to invest in its payments arm – report

The government panel had earlier held back approval due to concerns about the 9.88 percent stake in Paytm held by China's Ant Group. India has intensified scrutiny of Chinese businesses since a 2020 border clash between the two countries, the report said.

Malaysia & Indonesia emerge as prime beneficiaries in Asean amid data center boom

“We identify Malaysia and Indonesia as prime beneficiaries of the spur in data center investment due to their location advantage, which makes them the ideal gateway for international connectivity,” the strategy note wrote.

China’s BYD opens EV factory in Thailand, first in Southeast Asia – report

In May, it was reported that BYD plans to build an automotive assembly plant in Indonesia’s West Java, with groundbreaking scheduled for July.

South Korea’s Hyundai & LG Energy open Indonesia’s first battery cell plant – report

Hyundai Motor Group and LG Energy Solution opened a $1.1 billion battery cell plant in Indonesia.