Asia-Pacific Trends
Asia-Pacific Trends
Asia-Pacific market trend intelligence tracks cloud service, regional ISP, national telecom, data centre, and institutional infrastructure signals across Asia-Pacific internet infrastructure markets. BTW.
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Asia-Pacific Cloud Services Trends
Tech Giants in South Korea Cut Down on Labor Forces Following Losses
South Korea’s top Internet company Kakao and leading game developer Com2uS are reducing the size of their virtual world teams after their virtual world platform posted huge losses in the first half of 2023, according to a local news agency. South Korea’s Kakao, Com2Us Wind Down…
Asia-Pacific Cloud Services Trends
MAXST AR SDK 6.0 Released with Improved Tracker Performance
This week, South Korean AR platform MAXST announced that its AR application development tool MAXST AR SDK 6.0 has been updated to MAXST AR SDK 6.1.0. The update brings significant enhancements to the recognition performance of its trackers, offers a more immersive and realistic…
Asia-Pacific Institutional Trends
AI-Backed ELSA Secures $45.5M in Series C Funding
Image credit: ELSA ELSA has successfully concluded a Series C funding round, securing $45.5 million. The funding, led by UOB Venture Management, brings ELSA’s total capital to $60 million. The English language learning platform, in turn, has reiterated its commitment to advanced…
Asia-Pacific Cloud Services Trends
New Zealand to Introduce 3% Digital Services Tax on Global Tech Giants
The New Zealand government is gearing up to unveil new legislation on Thursday, August 31st, enabling the implementation of a 3% “Digital Services Tax” (DST) on the revenues of prominent multinational technology companies. However, enforcement of this tax is anticipated to…
Asia-Pacific Institutional Trends
Australia’s Lower July Inflation Strengthens Case for RBA Interest Rate Pause
Data released on Wednesday revealed Australia’s July inflation rate falling below expectations, reflecting a global trend. This development supports the Reserve Bank of Australia (RBA) in maintaining its current interest rate policy at its meeting next week. Inflation Continues…
Asia-Pacific Cloud Services Trends
Narendra Modi Advocates Global Cryptocurrency Framework
At the recent G20 summit, Indian Prime Minister Narendra Modi expressed his approval in establishing comprehensive global regulations for cryptocurrencies. Modi’s emphasis on embracing technological progress and adopting a unified approach signals a potential shift in India’s…
Asia-Pacific Cloud Services Trends
Vietnam’s VinFast Makes Striking Debut on Nasdaq
Vietnam’s VinFast Makes Striking Debut on Nasdaq VinFast Auto Ltd. has ignited a remarkable surge on its first day of trading on Nasdaq, signalling its ambitious entry into the electric vehicle (EV) landscape as it takes on well-established automakers. With an astounding 255…
Asia-Pacific Institutional Trends
China’s Ministry of Industry and Information Technology Sets Ambitious Course for Robot Development
China’s MIIT unveils ambitious plan for robot dev. Beijing joins with proactive policies. Humanoid robots, next frontier. More players enter the market, hinting big strides. China’s Ministry of Industry and Information Technology (MIIT) has unveiled its strategic plan to bolster…
Asia-Pacific Cloud Services Trends
Tesla Ensures Data Privacy & Localization in China
Tesla shifts gears as it campaigns deeper into the Chinese market. Discover Tesla’s ingenious ways to win the heart of China’s drivers and the approval of its legal system. Tesla Ensures Data Privacy and Localization for Chinese Market Tesla has taken significant steps to address…
Asia-Pacific Cloud Services Trends
SK Telecom's Anthropic investment turns telco AI strategy into a capital partnership
SK Telecom's Anthropic investment is an event about capital, model access and telecom-specific AI control. SK Telecom announced an additional USD 100 million investment in Anthropic and a partnership agreement to build a large language model customized for telecom operators. The…
Asia-Pacific Cloud Services Trends
WealthPower Securities Applies for License to Engage in Virtual Asset-Related Activities with Hong Kong SFC
Finance powerhouse WealthPower Securities seeks Hong Kong SFC license for virtual asset activities. Discover what exciting things this move might entail. WealthPower Securities Applies for License to Engage in Virtual Asset-Related Activities with Hong Kong SFC WealthPower…
Asia-Pacific Cloud Services Trends
KRAFTON pledges $150 million investment in India gaming and tech
KRAFTON's India pledge is a strategic investment event aimed at gaming, content, creator and technology startups.
Asia-Pacific Institutional Trends
Singapore’s Financial Regulator Sets Sights on Web3 and Startup Ecosystem with S$150 Million Investment
Singapore’s Financial Regulator Sets Sights on Web3 and Startup Ecosystem with S$150 Million Investment Singapore’s Financial Regulator Sets Sights on Web3 and Startup Ecosystem with S$150 Million Investment The Monetary Authority of Singapore (MAS) has unveiled its ambitious…
Asia-Pacific Cloud Services Trends
Brilliant Labs' arGPT launch moves wearable AI onto Monocle and iOS
Brilliant Labs' arGPT launch is a wearable-AI distribution event: an open-source AR hardware company moved ChatGPT-style interaction onto Monocle through an iOS app. The relevant signal is not the headline phrase; it is the control path between Brilliant Labs' clip-on display…
Asia-Pacific Cloud Services Trends
Intel Forges Ahead with New Chip Innovation Center in Shenzhen Amid Escalating US-China Tech Battle
Intel defies US pressure, opens a chip center in Shenzhen. The move aids local AI startups, despite US-China tech battle, aiming to empower China’s tech future. Intel partners with Shenzhen for a chip center. Unveils AI processor meeting U.S. export rules for sale in China.…
Asia-Pacific Cloud Services Trends
Crypto Custodian Hex Trust Gains Registration in France, Facilitating European Expansion
Hex Trust steps into French market, following a successful campaign in Italy. about how the digital assets firm plans to enter the rest of the EU market. Crypto Custodian Hex Trust Unlocks Access to French Market, EU Expansion Eyed Hex Trust, a Hong Kong-based digital asset…
Asia-Pacific Cloud Services Trends
Tiktok Launches Its Music Streaming Service In Australia, Mexico And Singapore
TikTok expands its horizons by expanding its music streaming service to three new countries—Australia, Mexico, and Singapore. This move comes as part of TikTok’s ongoing efforts to diversify its offerings that is hedged on its massive user base. By launching a dedicated music…
Asia-Pacific Cloud Services Trends
China Tightens Rules for Generative AI Platforms
Chinese authorities are taking steps to regulate the artificial intelligence (AI) industry, aiming to ensure consumer safety. Chinese authorities are taking steps to regulate the artificial intelligence (AI) industry,aiming to ensure consumer safety. The Cyberspace Administration…
Asia-Pacific Cloud Services Trends
China’s Baichuan Intelligence Unveils Open Source Language Model to Compete with OpenAI
Baichuan Intelligence, a startup founded by Wang Xiaochuan, the founder of Sogou, hasintroduced its next-generation large language model Baichuan-13B.Baichuan Intelligence, a startup founded by Wang Xiaochuan, the founder of Sogou, hasintroduced its next-generation large language…