A former Google engineer, Linwei Ding, who was indicted by the US Department of Justice, faces allegations of stealing confidential AI technology while working for tech firms in China. The DOJ unsealed the indictment on Wednesday, charging Ding, also known as Leon Ding, with four counts of theft of trade secrets. The charges involve Ding […]

Indonesian tech giant GoTo and its Chinese-owned partner TikTok are on track to fully comply with Indonesia’s regulations banning in-app transactions on social media platforms. According to GoTo’s CEO, compliance is expected to be reached within the next six weeks. The announcement, made on Wednesday, aims to ensure that GoTo and TikTok operate in accordance […]

Orienspace, a Beijing-based startup, successfully launched the most powerful rocket developed by the Chinese private sector. The Gravity-1 rocket took off from a marine platform in the Yellow Sea. Traditionally, commercial launches have been dominated by the country’s state agencies, whereas Orienspace’s launch is a new era for private companies in the Chinese space sector. […]

Chinese venture capital firm GBA Capital has unveiled plans to allocate $10 billion for a Web3 fund with a focus on supporting startups in virtual reality, the metaverse, and non-fungible tokens (NFTs).  The announcement was made during the Guangdong-Hong Kong-Macao Greater Bay Area Digital Economy Development Conference held on December 26. GBA Capital aims to […]

The global healthcare venture platform VentureBlick has secured US$2.6 million in funding for its first two startups. The venture’s goal is to validate, support, and invest in early-stage healthcare startups. VentureBlick, led by CEO Hee-yeol Lee, is a specialized healthcare platform company that recently concluded its startup support program. The program assisted two startups, which […]

Beijing-based technology company Ellipspace has successfully concluded a new financing round, securing 100 million yuan. The funding round was led by Yulin Fund, with participation from Changsheng Fund. Founded in 2020, Ellipspace specializes in developing advanced satellites capable of integrating remote sensing technology. Their satellites enable the integration of remote sensing data, sensor monitoring data, […]

Zhang Yiming, the co-founder of ByteDance, the parent company of the popular social media platform TikTok, has established a new private investment fund in Hong Kong. The fund, known as Cool River Venture, will primarily focus on investing in technology-related industries. This move comes as Zhang has maintained a low profile since stepping down from […]

Alibaba Cloud, the digital technology and intelligence backbone of e-commerce giant Alibaba Group, is investing $1 billion to develop one million digital talent, support 100,000 developers, and back 100,000 technology startups in Asia Pacific over the next three years. The initiative will be made through Project AsiaForward, which is part of the cloud provider’s strategy […]