JP Morgan says China, India, and Hong Kong lead Asia’s tech deal wave

JP Morgan says China, India, and Hong Kong lead Asia’s tech deal wave

Asia-Pacific’s technology, media, and telecommunications (TMT) landscape is witnessing a strong comeback as dealmaking surges to a four-year high, according to JPMorgan Chase & Co. The investment bank confirms that market momentum has strengthened significantly across China, India, and Hong Kong, setting the pace for continued acceleration. Mark Fiteny, who leads JPMorgan’s TMT investment banking […]

Read More
 KuCoin’s Bitcoin (BTC) reserves dip 77% as mandatory KYC sparks user exodus

KuCoin’s Bitcoin (BTC) reserves dip 77% as mandatory KYC sparks user exodus

Rumors of KuCoin implementing a compulsory Know-Your-Customer policy began circulating in June 2023. The June 28 confirmation intensified the debates across crypto forums and social media, triggering visible changes in the exchange’s user base. CryptoQuant data shows KuCoin’s BTC reserves started falling after the announcement. The trend persisted, reflecting user worries over privacy, safety of […]

Read More
 What’s driving foreign investors to ditch Asia’s AI markets now?

What’s driving foreign investors to ditch Asia’s AI markets now?

Foreign investors are withdrawing billions from Asia’s top-performing AI-linked stock markets, marking the sharpest retreat in over seven months. A Bloomberg exclusive reports that Taiwan, South Korea, Japan, and China have all seen selloffs in recent weeks as rising valuations, shifting global monetary expectations, and structural concerns push capital elsewhere. Although the AI investment story […]

Read More
 Trump launches ‘Genesis Mission’ to supercharge US scientific AI innovation

Trump launches ‘Genesis Mission’ to supercharge US scientific AI innovation

President Donald Trump signed an executive order Monday aimed at bolstering U.S. artificial intelligence (AI) initiatives as it unveiled its new ‘Genesis Mission’ to accelerate AI use for scientific purposes. The ‘Genesis Mission’ will direct the Department of Energy (DOE) and the Office of Science and Technology Policy (OSTP) and their national labs to work […]

Read More
 Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base. About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said. The […]

Read More