Business
CATL posts 34% first-half profit growth despite global EV slowdown
CATL reports a 34% profit rise in Q2, defying the global EV slump with strategic expansion and strong growth in battery materials.
Technology
Mainland investment boom lifts Hong Kong’s market
Chinese firms turn to Hong Kong listings after mainland investors spend US$93B on stocks, eyeing global growth and fresh funding sources.
Business
Microsoft to announce major Xbox layoffs next week
Microsoft is preparing to cut more Xbox jobs next week as part of a larger restructure. Layoffs are also expected in its sales division.
Business
StarHub ranks among Southeast Asia’s largest companies for second year
StarHub ranks 187th on the 2025 Fortune Southeast Asia 500, with strong enterprise growth and continued focus on digital innovation.
Business
Salmon secures US$88 million to expand fintech footprint in the Philippines
Philippines-based fintech Salmon raises US$88M to expand credit and banking services across Southeast Asia using AI and tech-driven solutions.
Business
OpenAI says it now earns US$10 billion a year in revenue
OpenAI says its yearly revenue is now US$10B, doubling last year’s total, and its AI tools are used by over 500 million users and…
Business
AMD strengthens its AI hardware strategy with the acquisition of Brium
AMD acquires stealth startup Brium to boost AI software flexibility and challenge Nvidia’s hardware dominance.
Business
Grammarly gets a US$1 billion boost without giving up ownership
Grammarly raises US$1B in nondilutive funding from General Catalyst, keeping control while boosting growth and AI productivity efforts.
Gaming
GameStop buys US$500 million in bitcoin as part of new financial strategy
GameStop buys over US$500 million in bitcoin, following Tesla and Coinbase in using crypto to reshape its financial future.
