AsiaConnect Team

IPO-bound co-working firm IndiQube’s FY24 loss rises by 72%

IndiQube, an IPO-bound co-working space provider, has seen a significant increase in its financial losses during the fiscal year 2024,…

Alibaba Set to Merge South Korea’s E-Mart in $4 Billion Deal

In a significant move signaling Alibaba’s growing global footprint, the Chinese e-commerce giant is reportedly in talks to merge with…
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…