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Mass production of new iPhone series to start at Foxconn Zhengzhou · TechNode
Foxconn’s major facility in the central Chinese city of Zhengzhou has completed pilot production of Apple’s iPhone 15 series, and is set to start mass [more]
Hong Kong regulator’s vigilance leads to fivefold jump in fines on errant firms
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Kuaishou sees 42-fold increase in home appliance sales during 618 · TechNode
Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Chinese short-video platform [more]
iFlytek to release apps based on SparkDesk large model on June 9 · TechNode
Chinese speech recognition company iFlytek is preparing to launch various apps based on SparkDesk on June 9, according to a report by Zhidx News. SparkDesk [more]
China’s data securities laws pose costly challenge for JPMorgan
Eddy Wong, CEO of JPMorgan Asset Management's fully owned fund manager in China, is hoping to tap into a 26.53 trillion yuan ($3.73 trillion) mutual fund [more]
Meituan co-founder’s startup raises $230 million, achieves unicorn status in 100 days: report · TechNode
Light Year AI, an AI startup founded by Meituan co-founder Wang Huiwen, has achieved unicorn status by raising an impressive $230 million in just 100 [more]
Asia-focused SPAC Atlas Growth Acquisition withdraws $110m US IPO
Photographer: Victor J. Blue/BloombergAtlas Growth Acquisition Limited, the Singapore-based, Asia-focused special purpose acquisition company (SPAC), has abandoned its plans to raise up to $110 million [more]
BYD overtakes LG as world’s No 2 EV battery supplier as sales gather speed
Members of the press and the general public check out the Atto 3 electric SUV made by Chinese carmaker BYD, at the Fully Charged Live [more]
Tencent demonstrates commitment to AI with investment in two ventures · TechNode
Tech giant Tencent has reaffirmed its dedication to AI by investing in two large-scale model ventures within a week. The company has invested $40 million [more]
BYJU’s files suit against Redwood, alleges ‘predatory tactics’ in acceleration of $1.2b loan
BYJU's on Tuesday said it has filed a complaint in the New York Supreme Court to challenge the accelerated $1.2 billion Term B Loan (TLB) [more]
Great Wall Motor’s EV sales jump 60% m-o-m in May · TechNode
Great Wall Motor on Monday posted a 60% month-on-month rise in the sales of its new energy vehicles in May, fueled by growing demand for [more]
Thai fintech platform Finnomena raises $5.5m led by Openspace Ventures
Finnomena, a Thai online wealth management platform, has raised $5.5 million in Series B+ fundraising round led by Singapore-based Openspace Ventures, which invested through OSV [more]
Evergrande services unit reports profit turnaround, says resolving debt pledges
Evergrande Property Services reveals profits for the year to December 31, 2022, and says it is in talks for repayment of funds involved in the [more]
Apple chip supplier TSMC tempers 2023 capital spending amid weak global demand
TSMC's capital expenditure should wind up closer to the bottom end of a previously forecast US$32 billion to US$36 billion range, company chairman Mark Liu [more]
Data Vantage: Thunes, Shohoz, Axcynsis and PICKUP COFFEE report updates
Fintech startup Thunes received an additional $25 million in Series C funding this week. Read More
Indonesia-Malaysia QR code payments get started under ASEAN system
KUALA LUMPUR -- A regional cross-border system for making payments in local currencies is gaining traction among members of the Association of Southeast Asian Nations, [more]
TSMC can help ‘stabilize’ U.S.-China relations: Chairman
TSMC Chairman Mark Liu briefs shareholders at the company's annual general meeting on June 6 in Hsinchu, Taiwan.CHENG TING-FANG, Nikkei Asia chief tech correspondent | HSINCHU, [more]
Xiaomi launches global version of Redmi Buds 4 Active · TechNode
On Monday, Xiaomi unveiled the Redmi Buds 4 Active wireless earbuds on its overseas websites; however, pricing details are yet to be announced. The earbuds [more]
China’s first home-grown large cruise liner undocks in Shanghai ahead of trials
China's first home-grown large cruise liner, the 135,500-tonne Adora Magic City, left its dock in Shanghai on Tuesday after nearly four years of construction ahead [more]
What’s behind the spurt in Indonesian IPOs this year?
Photo: Austin Distel / Unsplash.comThe Indonesia Stock Exchange (IDX) has been buzzing with activity in 2023.As of May 26 this year, the bourse has hosted [more]
Indonesia’s Dagangan reports higher revenue, and wider losses in 2022
Dagangan, an Indonesia-based rural e-commerce startup, reported higher revenue but a significantly wider loss for the financial year that ended October 31, 2022, according to [more]
Indonesian healthcare sector is primed for private capital investments
Private capital investors now have significant headroom to participate in the remodelling of Indonesia's healthcare sector due to several factors such as increasing healthcare awareness [more]
Taiwanese insurers Cathay Life, Taiwan Life commit $176m to four PE funds
TaiwanTaiwanese insurers Cathay Life Insurance and Taiwan Life Insurance have agreed to commit a total of $176 million to four private equity (PE) funds, according [more]
Investors eye India’s tier 2, tier 3 towns as startup action spreads to hinterland
Jaipur. Photo: ReutersPrivate equity (PE) and venture capital (VC) firms are rushing to clock investments in India's tier 2 and tier 3 cities to address [more]