Indonesia, the vibrant Southeast Asian nation known for its rich culture and booming tech scene. In recent years, one company that captured the limelight was Tokopedia, a homegrown startup that soared to become the country’s most valuable unicorn in 2018. Back then, Tokopedia made headlines with a massive US$1.1 billion round of funding from industry

Cathay Innovation, a prominent venture capital firm, has made headlines in the tech world with the recent closure of the EU’s largest AI-dedicated fund, totaling an impressive $1 billion. This significant achievement marks a pivotal moment in the realm of artificial intelligence investments, showcasing the growing interest and confidence in this innovative sector. The strategic

Billionaire hedge fund manager Ray Dalio’s sudden departure from his advisory role at Indonesia’s sovereign wealth fund, Danantara, has sparked speculation and raised questions about the fund’s future. Initially anticipated to play a crucial role in shaping the fund’s strategies, Dalio’s absence during a recent presentation was conspicuous. Instead, the board now features notable figures

A legal showdown between software giants Figma and Motiff has captured the tech industry’s attention. The drama unfolds in a US court, where Figma seeks to halt Motiff from marketing its AI design product amid allegations of copyright infringement. “A US court has delayed a decision on a preliminary injunction motion…” The conflict traces back

American users find themselves exploring a whole new social media world on Xiaohongshu, also known as RedNote in English. This shift comes as a response to the impending TikTok ban in the US. The platform has witnessed an influx of over 700,000 new users within one week, catapulting it to the position of the most

Chinese ride-hailing behemoth Didi Global made waves recently as one of its founding members, Jean Liu, announced her resignation from the prestigious positions of president and board director. This news rippled through tech circles globally, sparking intrigue and speculation about the company’s future. Key Points: – Jean Liu was instrumental in steering Didi through significant

President Trump has taken a significant step regarding the future of TikTok by signing an executive order to delay the app’s ban for 75 days. This decision comes amidst ongoing discussions and negotiations involving various stakeholders, including ByteDance, the parent company of TikTok. ByteDance Promotes Lemon8 as Potential TikTok Alternative In response to concerns surrounding

Why Singapore digital banks can’t stop at banking In the bustling city-state of Singapore, a new wave of digital banks is revolutionizing the financial landscape. These innovative banks, including GXS, MariBank, and Trust, are not just stopping at traditional banking services; they are pushing boundaries and redefining what it means to be a bank in

Investing in tech startups can be a risky yet rewarding endeavor, especially when venture capital firms like the US-based one in question allocate substantial funds towards budding companies. The recent launch of a $50 million fund specifically tailored for Indian tech startups has sparked interest and curiosity among investors and industry experts alike. Exploring Endowus’