On location
Foxconn unit to buy 50 percent stake in Mitsubishi Electric Mobility for $730 million
Lin Yin International Investment Co Ltd, an investment management subsidiary of Foxconn, will acquire a 50 percent stake in Mitsubishi Electric Mobility Corp for JPY 115 billion ($727 million) as part of a strategic alliance to jointly operate the automotive equipment business.
San Francisco-based Horizon3 opens ASEAN headquarters in Singapore, backed by SG Growth Capital
Horizon3, a U.S. security company that sells AI-driven proactive testing software, will establish its ASEAN headquarters and a regional center of excellence in Singapore.
Singapore’s Aolani plans up to 500MW of AI data center capacity in Malaysia
Aolani, a Singapore-founded neocloud artificial intelligence (AI) firm, announced Monday it has signed Letters of Intent to take up 500 megawatt (MW) of AI data center capacity in Malaysia.
GoTo releases Indonesian language model
GoTo has released a 27-billion-parameter model trained for Indonesian and several regional languages through its official Hugging Face repository.
India’s Pine Labs sees Singapore as template for Southeast Asia’s unified payment push [Q&A]
Pine Labs has launched a unified payments platform in Singapore, combining payment acceptance, acquiring, installment payments, and customer engagement for merchants.
China Mobile Hong Kong validates first U6GHz network in city
China Mobile Hong Kong completed testing of a U6GHz mobile network at its Mong Kok flagship store, using spectrum acquired in Hong Kong's 2024 auction.
RapidCanvas raises $29M Series B led by Vertex Ventures
RapidCanvas has raised $29 million in a Series B led by Vertex Ventures Southeast Asia & India to expand its enterprise AI platform and field engineering teams.
Norfund and Impact Fund Denmark take 49% stake in Philippine solar project
Norfund and Impact Fund Denmark agreed to acquire a combined 49 percent stake in Vena Energy's 500 MWp Ixus Bugallon solar project in the Philippines.
China proposes export controls on 23 AI technologies
China proposes adding 23 AI technologies to its export-control catalogue and has begun temporary registration for covered transfers.
CERT-In says AI agents accessed live Indian systems
India's CERT-In says AI agents under evaluation accessed live organizational systems, while attackers separately used agentic tools for financial intrusions.
