NAVER Joins Hands with Two Saudi Arabian Ministries for Digital Transformation

- NAVER, NAVER LABS and NAVER Cloud sign an MOU the Saudi Arabian Ministry of Municipal and Rural Affairs and Housing and the Ministry of Investment Saudi Arabia - Significant cooperation follows NAVER's participation in the "One Team Korea" consortium led by South Korean Ministry of Land, Infrastructure and Transport - Team NAVER to participate in comprehensive collaboration across various ICT…

NAVER Joins Hands with Two Saudi Arabian Ministries for Digital Transformation

- NAVER, NAVER LABS and NAVER Cloud sign an MOU the Saudi Arabian Ministry of Municipal and Rural Affairs and Housing and the Ministry of Investment Saudi Arabia - Significant cooperation follows NAVER's participation in the "One Team Korea" consortium led by South Korean Ministry of Land, Infrastructure and Transport - Team NAVER to participate in comprehensive collaboration across various ICT…

Elon Musk, tech experts call for ‘pause’ on advanced AI systems

Elon Musk and more than 1,100 experts from the tech industry and academia have called for a six-month “pause” on the development of advanced artificial intelligence (AI) systems such as OpenAI’s GPT, citing potential risks to society and humanity. An open letter, published on Wednesday by a non-profit campaign group the Future of Life Institute, had been signed by more than 1,100 individuals…

Singapore’s Igloo extends weather index insurance to coffee farmers in Vietnam

Following the success of the weather index insurance for rice farmers, Singapore-based insurtech Igloo expands its blockchain-based parametric index insurance to coffee farmers. This continued growth demonstrates the company’s commitment to bringing insurance coverage to more underinsured communities in Southeast Asia, Igloo said in a statement on Wednesday. According to the statement,…

Alibaba to host conference call on Thursday to discuss split plans – report

Alibaba Group Holding Ltd will be hosting a conference call on Thursday, the company said on Wednesday, to discuss its plan to split into six units and explore fundraisings or listings for most of them, Reuters reported. The conference call is scheduled for 8 am (0000 GMT) on March 30, the company said, according to the report. Alibaba shares gained more than 14 percent in New York on…

Indonesia’s Bukalapak achieves profitability in FY22 on investment gains

Indonesian e-commerce firm PT Bukalapak.com Tbk (Bukalapak) has achieved profitability in financial year ended December 31, 2022 (FY22) on investment gains. Bukalapak said in a statement on Tuesday that it achieved a net profit of IDR 1.98 trillion ($126.12 million) in 2022 as compared to a net loss of IDR 1.68 trillion a year ago. The company recorded an operating income of IDR 1.76…

Kuaishou Technology Announces Fourth Quarter and Full Year 2022 Financial Results

HONG KONG, March 29, 2023 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its financial results for the fourth quarter and full fiscal year ended December 31, 2022. Fourth Quarter 2022 Key Highlights Average DAUs on Kuaishou APP were 366.2 million, representing an increase of 13.3% from 323.3…

coocaa Unveils Its Newest Google TV in the Philippines with Promotions on Shopee and Lazada

MANILA, Philippines, March 28, 2023 /PRNewswire/ -- The newest generation of coocaa's Google TVs will be launched in the Philippines on 4th April 2023, allowing you to enjoy over 700,000 movies and TV series. Besides, compared to Android TV, this Z72 TV could provide you with a simplified, faster and smoother TV operation experience. The boundless screen 4.0 and F-shaped curved design make the…