China’s online literature industry saw sales rise nearly 40 per cent last year, according to a new report by Tencent Holdings-backed China Literature.
The Download: AI coding assistants, and China’s app disputes
This post was originally published on this siteThis is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Millions of coders are now using AI assistants. How will that change software? Two weeks into the coding class he was teaching at Duke University in […]
Shenzhen hosts AI competition and autonomous driving data labelling firm wins top prize as support for sector hots up
Shenzhen hosts AI competition for start-ups as municipal governments ramp up support for a sector Beijing sees as key to future digital economic growth.
Chinese apps are letting public juries settle customer disputes
This post was originally published on this siteThis story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. Have you ordered food delivery lately? If you have, you probably know that particular feeling of frustration when you have to wait too long for […]
Autonomous trucking company TuSimple to cease US operations amid new round of lay-offs, focus on Asia-Pacific business
TuSimple plans to cut 150 employees, or 75 per cent of its remaining workforce in the United States, as part of a corporate restructuring.
Rakuten Group to sell $475m in bank shares to manage losses
This post was originally published on this siteIn 50 Words: Despite the move, Rakuten Bank will continue to be a consolidated subsidiary.
Amazon slashes seller fees on low-cost clothing to compete with Shein
This post was originally published on this siteIn 50 Words: Clothing products priced under US$15 will have a 5% seller fee starting January, down from a 17% rate.
How Fairtile navigates the fintech frontier with credit, code, innovation
This post was originally published on this site Credit serves as a global economic engine, yet it remains frequently misunderstood. Over 70 per cent of worldwide economic transactions rely on credit, and over 95 per cent of our daily currency circulation is generated by the banking system through credit. The digital era has underscored the […]
GoTo Group’s on-demand services on track for profitability by Q4 2023
This post was originally published on this siteIn 50 Words: Recent transport initiatives like GoCar Hemat can help the company manage costs while expanding its addressable market.
Indonesia’s Bank BTN and Mandiri Capital launch proptech-focused fund
This post was originally published on this siteDubbed the BTN Fund, it is set to invest in startups working on proptech, mortgage tech, and construction tech, among other sectors.
Nvidia CEO unveils plans for new supercomputer, AI investments in Singapore
This post was originally published on this siteIn 50 Words: Jensen Huang said that the firm is looking to construct a larger supercomputer in the city-state.
Crunch time for India’s stock trading apps
This post was originally published on this siteSign up for the Daily Newsletter, sent exclusively to our premium subscribers. We break down the big and messy topics of Asia’s tech and startup community. Get the newsletter in your inbox everyday with a premium subscription. Hello reader, I’ve always enjoyed the occasional bet – I began […]