News
Revolut’s valuation hits US$75 million as it completes fundraising
[SINGAPORE] Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation to US$75 billion.Investors that led the fundraising round...
Revolut’s valuation hits US$75 billion as it completes fundraising
[SINGAPORE] Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation to US$75 billion.Investors that led the fundraising round...
Singapore climbs ahead of Hong Kong in gross tonnage registered as more vessels reflagged
Higher tonnage in September makes Singapore the fourth-largest ship registry in the world[SINGAPORE] The ship registry of Singapore has pulled ahead of its closest competitor Hong Kong after some...
Thailand eyes tougher gold-trade rules after baht swings
[BANGKOK] Thailand’s central bank plans to tighten reporting rules for gold transactions after rising bullion flows contributed to swings in the baht, prompting policymakers to seek better visibility into...
Alibaba’s main AI app debuts strongly in effort to rival ChatGPT
The Chinese e-commerce leader’s Qwen is among the faster risers, particularly in China[HONG KONG] Alibaba Group Holding’s Qwen app drew more than 10 million downloads in the week after...
Malaysia says it plans to ban social media for under-16s from 2026
France, Spain, Italy, Denmark and Greece are also jointly testing a template for an age verification app[KUALA LUMPUR] Malaysia plans to ban social media for users under the age...
Lenovo stockpiling PC memory due to ‘unprecedented’ AI squeeze
The company will aim to avoid passing on rising costs to its customers in the current quarter, as it wants to sustain this year’s strong sales growth, according to...
Macquarie Asset Management offers US$7.5 billion for logistics firm Qube
The Australian logistics and shipping-containers’ operations span container leasing, car and grain cargo terminals, and road and rail transport services[SYDNEY] Macquarie Asset Management offered to buy Qube Holdings in...
China’s grip on copper sets scene for make-or-break supply talks
Tensions have been building for years, fuelled by a rapid expansion of metal-processing capacity that has outpaced mined production[BEIJING] A pricing mechanism underpinning the global copper-processing industry faces a...
Snap starts checking users ages before Australian under-16 ban
SNAP will start checking many users’ ages in Australia as it prepares for a world-first social media ban for under-16s next month.Snapchat account holders will be able to verify...
