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Start-upsi

Articles about early-stage companies; pre-IPO, including those still being funded by angel investors, private equity or venture capitalists.

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  • Start-up expects to see growing demand for its virtual card payments solution and virtual account in Hong Kong, CEO says
  • Asia remains E6’s largest market both in terms of revenue and accounts since its founding in 2015

‘Obvious gaps’ exist in the code-writing and operative abilities between domestic and first-class foreign models, an assessment by Tsinghua University found.

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China’s ATLATL Innovation Centre and California-headquartered Founder Institute plan to bring start-ups from around the world to the city and invest in local ventures.

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Baichuan, Zhipu AI, Moonshot AI and MiniMax are amassing billions of yuan of funding from domestic tech giants, venture capitalists and state-backed investors.

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WeWork’s US$47 billion valuation plunged after the company’s 2019 IPO failed to materialise due to multiple controversies – but now co-founder and former CEO Neumann wants back in to the business

Xiaomi’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down car start-ups, with better-than-expected initial orders for the SU7 helping a rally its shares.

Fund centrepiece is US$1.47 billion for ‘computing capabilities and technological infrastructure’ that can accelerate work of AI researchers and start-ups.

Despite having a wealth of innovative start-ups, Malaysia can’t seem to attract the same amounts of venture capital funding as its regional rivals. But all that could change.

OpenAI’s chief operating officer Brad Lightcap said there are 600,000 people signed up to use ChatGPT Enterprise, up from 150,000 in January.

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EnerVenue, a rechargeable batteries start-up co-founded by the family office of tycoon Peter Lee Ka-kit, aims to build factories in the US and China to commercialise an old technology deployed in outer space for use on Earth.

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Singapore-based YouApp and Hong Kong-based DayOne look to offer a more human touch to online dating than giants like Match Group, which has been struggling.

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Epago Technologies, which makes ‘new-generation electrodes’ for hydrogen fuel cell batteries, aims to use the city’s innovation, policy, and geographical advantages as a springboard to access bigger markets in mainland China and Europe.

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After billions of dollars retreated from Southeast Asia’s start-ups last year, investors are expected to return to Indonesia and Singapore, but with less of an appetite for risk. Malaysia wants a piece of the action, too.

Singapore-based Granite Asia plans to assemble a private-credit investing team as early as the second half of this year, according to people familiar with the matter.

With one of the most vibrant start-up ecosystems and fastest-growing economies in Southeast Asia, Vietnam is poised to climb the global value chain – but challenges lie in wait.

Mainland China’s commercial and financial hub plans to set up a 100 billion yuan (US$13.8 billion) fund of funds focusing on key technology sectors to fire up the local economy.

The Web3 video gaming unicorn has signed an MOU with Saudi Arabia’s state-backed science park, months after a US$50 million investment in its Neom smart city.

The AI start-up says it is working to expand the service capacity of its Kimi chatbot, which has been adding new users rapidly after announcing a technological breakthrough.

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Microsoft will pay US$620 million to license Inflection’s AI models and around US$30 million for waiving any legal rights related to its mass hiring of the start-up’s employees.

Rebellions, a fabless AI chip company co-founded by five South Korean engineers, is viewed as the country’s best hope to rival Nvidia in AI inference.