AsiaConnect Team

Foxconn Invests $82 Million in Zhengzhou EV Battery Plant

Foxconn Invests $82 Million in Zhengzhou EV Battery Plant

Foxconn, a leading global electronics contract manufacturer, has announced a significant investment of $82 million in an electric vehicle (EV)…

Nio Unveils Firefly EV with Innovative Battery-Swap Technology

Nio Unveils Firefly EV with Innovative Battery-Swap Technology Chinese electric vehicle (EV) maker Nio has launched its latest model, the…

Tesla Recalls Nearly 700,000 Vehicles in US, Dominating National Recall Figures

Tesla has announced a major recall affecting nearly 700,000 vehicles in the United States, accounting for approximately 21% of all…

Israeli Fintech Firm Justt Raises $30M in Series C Funding, Eyes Profitability by 2027

Israeli fintech startup Justt has successfully raised $30 million in its Series C funding round, as it looks to expand…

Bitcoin price drops 5% as US central bank rejects reserve idea

Bitcoin’s price experienced a sharp 5% decline following a firm statement from US Federal Reserve Chairman Jerome Powell, in which…

SEA Tech Sector Faces 59% Drop in Funding for 2024, Yet Innovation Remains Strong

SEA Tech Sector Faces 59% Drop in Funding for 2024, Yet Innovation Remains Strong The Southeast Asia (SEA) technology sector…

TikTok CEO Meets Trump Amid US Ban Deadline Following Legal Setback

In a significant development, TikTok CEO Shou Zi Chew met with former President Donald Trump, as the popular short-form video…

China’s Chip Industry Faces Significant Gap Behind TSMC, Report Reveals

China’s Chip Industry Faces Significant Gap Behind TSMC, Report Reveals China’s semiconductor industry, particularly its top chipmaker, Semiconductor Manufacturing International…

Meta Challenges OpenAI’s Shift from Nonprofit to For-Profit: Implications for the Startup Ecosystem

In a move that has sparked considerable debate in the tech world, Meta has raised concerns over OpenAI’s transition from…

Healthtech Unicorn Biofourmis Reduces Workforce Post-Merger with CopilotIQ

Healthtech Unicorn Biofourmis Reduces Workforce Post-Merger with CopilotIQ Biofourmis, a healthtech unicorn specializing in digital health solutions, has made headlines…