Penang’s state chief wants to foster an “ecosystem for innovation” as supply chains shift.
Long known as a “Silicon Island” for its manufacturing prowess, the northern Malaysian state of Penang is now sharpening its focus in an effort to dominate high-value technology sectors, including semiconductors and medical equipment, as global supply chain shifts create new...
Firefly, Nio’s third automotive brand, is set to unveil its first model at Nio Day on December 21, with a China debut leading its rollout.
In 2022, after six rounds of discussions with three senior executives at Nio, Daniel Jin made the leap to join the company. Jin brought over 15 years of experience from SAIC Motor’s technical center and SAIC General Motors, where he had played...
The ByteDance co-founder’s Hong Kong-based firm will target early-stage tech investments, with artificial intelligence expected to be a core focus.
Zhang Yiming, co-founder of ByteDance, has ventured into private equity with Cool River Venture, a Hong Kong-based firm he established in May 2023. Regulatory filings show that Cool River recently secured a Type 9 license from Hong...
Former director Song Gang’s exit to Envision Energy comes as Chinese automakers like Li Auto push the limits of manufacturing innovation.
Song Gang, Tesla’s former vice president of manufacturing and ex-director of its Shanghai gigafactory, is slated to join Envision Energy, a global leader in wind turbines and energy storage system integration, in the coming weeks.
Meanwhile,...
Smartphone sales climb for the first time in years as brands target fast-growing regions like LATAM and Africa while leveraging AI to stay ahead.
After eight years of decline amid market saturation, the global smartphone industry has found renewed momentum. The third quarter of 2024 marked a 5% year-on-year rise in worldwide smartphone sales, with 310 million units sold. This represents the...
As Chinese automakers target ambitious sales, the NEV market braces for tougher competition, policy changes, and global uncertainties.
36Kr has obtained preliminary 2025 sales forecast guidelines for several new energy vehicle (NEV) manufacturers from industry insiders:
Nio is aiming to double its sales in 2025, according to CEO William Li, a goal corroborated by industry sources....
Once hailed as the future of last-mile transport, self-balancing scooters now struggle to find relevance amid regulatory hurdles and market shifts.
One of the more memorable scenes in the newly released film Her Story features protagonist Wang Tiemei speeding through the night, gliding effortlessly like a martial arts master until the camera pans out to reveal a self-balancing...
The Travel Alliance, comprising Singtel, AIS, Globe, HKT, Optus, Taiwan Mobile and Telkomsel, has on Friday announced strategic partnerships with ride-hailing, delivery, and travel brands Grab and Trip.com for cross-border telco rewards program.
Singtel said in a statement that the program enables savings on accommodations, flights, rides, and food deliveries for Alliance customers when they...
Malaysian digital media firm Catcha Digital Berhad has on Friday announced that it has acquired a 60 percent interest in Drive 2 Digital Sdn Bhd (D2D) for a cash consideration of MYR 16.2 million ($3.59 million) to strengthen its position in automotive digital media.
Catcha Digital said in a statement that its wholly-owned subsidiary iMedia Asia Sdn Bhd (iMedia) has entered into a share sale...
Singapore-based cryptocurrency exchange company Crypto.com has on Thursday announced that it is extending its relationship with Formula 1® to 2030.
The firm said in a statement that the two brands have worked together since 2021 and this renewal marks their continued commitment to the growth and value the partnership delivers for both parties.
Those years have also seen seismic growth for...
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