Latch was founded in 2014 by a group of former Apple employees and began trading on Nasdaq on June 7th under LTCH. Through a SPAC listing, it raised $453 million and values over $1.5 billion. The system of Latch is designed to bring together all devices and services to make buildings "smart."
VNG, the first Vietnam-based unicorn that operates mobile communication App, online games, e-commerce, and cloud computing services, in 2017 signed an MoU with Nasdaq but has not yet applied for listing, this is because there is actually no rush for the company to undertake an IPO.
With the ability to immerse users and create convincing realities, extended reality (XR) has been wowing people since its introduction. Developments in recent years have not only matured the technology, but have also expanded its application from entertainment to commercial fields.
Fast development of 5G, AI, IoT, deployment of infrastructure and increasing demand for digital transformation are expected to bring many business opportunities for industrial computing device makers, but they have to step into cloud computing-based hardware/software-integrated IPC 3.0 innovation platform convergence to upgrade their products and services, according to Steve Chiu, chairman and CEO Chiu of Ennoconn.
Having co-founded 500 Startups (later rebranded to 500 Global) in 2010, Christine Tsai (CT), CEO and founding partner of the company started out with a very different strategy from other venture capital firms in the Silicon Valley which were predominantly focused on the US market. She built a diversified portfolio in different industries and invests in founders across geographies and ethnic backgrounds and in emerging countries.
The number of newborn unicorns has again hit record levels in 2021, following a strong year in 2020. There are more than 800 unicorns around the world as of September of 2021. By geographic regions, the US still dominates in terms of the number of unicorns, followed by India and China, according to The Asia Banker.
For both normal corporate buildings and factories, the types of energy needed are diverse, such as water, electricity, oil, and gas. The energy costs account for a high proportion of operating costs. Therefore, the strengthening of management benefits using complete mechanisms is necessary for the operations of energy systems in corporations and parks. As a result, smart energy management systems have been gradually introduced. However, these smart platforms are mostly aimed at the management of a single energy type and cannot respond to the effects of interactions between different energy types. InSynerger offers 24-hour energy and electromechanical equipment cloud AI management which can help companies establish a unified management platform. The management system can display data from different energy equipment in a visual interface to the manager through the integration of on-premise equipment and cloud systems, making management easier and more efficient.
UnaBiz, a Singapore-based Internet of Things (IoT) service provider, has raised over US$25 million in its Series B funding round led by SPARX Group. The round was oversubscribed, with participation from CDIB, G K Goh and Thaioil, according to the UnaBiz.
Thailand's gaming industry raked in more than US$1 billion in revenue last year amid COVID-19, according to Thailand Business News citing data from NewZoo, with the number of gamers increasing to 32 million in the country.
The recent surge of AI, 5G, and IoT technology has given rise to unprecedented levels of cyber threats that even target critical infrastructure and government. The severity of these threats has turned cybersecurity into a matter of national security for countries around the globe. To safeguard their digital assets, governments and enterprises have increasingly been investing in high IT security budgets year after year, which has led to the growth of the cybersecurity market. In fact, Gartner estimates that by 2023, the global cybersecurity market will reach US$168 billion.
With the advent of the AI era, big data analysis has become the crucial technology for upgrades in various industries. However, physical equipment and online websites in both factory manufacturing lines and businesses, respectively, generate immense amount of data. Enterprises must strive to boost the operational efficiency by seeking ways to practically clean data to obtain the valuable information and to ensure strategies are made with more precision insight. Chao-Lung Yang from the Department of Industrial Management at National Taiwan University of Science and Technology (Taiwan Tech) and his team conducted in-depth research on big data analysis in different fields and scenarios and assisted enterprises across different industries to go through digital transformation with the aid of their research results.
India's huge population and potential economic growth have attracted investments from foreign IT enterprises, such as Samsung, Netflix, and Oppo, while local large enterprise groups such as Tata and Reliance have been pushing for innovations across industries in India with increasing investments as well.
Wistron Information Technology & Services (Wistron ITS), a provider of CMMI (capability maturity model integration) Level 3 IT outsourcing software services, began to tap China's cloud computing services market in 2020 and has won contracts from eight local first-tier operators, according to company CEO Ching Hsiao.
As network infrastructures around the globe continue to mature, the declining cost of sensor components has given rise to a surge of Internet of Things (IoT) devices, which has itself become an important driving force for current global economic growth. According to research from the McKinsey Global Institute, the overall IoT market is estimated to reach US$4-11trillion by 2025. But behind the prospering business prospects lies the equally concerning problem of growing IT security threats. Currently, IoT devices have become a preferred target of hacker groups, who use them as a convenient relay to launch volumetric and distributed denial-of-service (DDoS) attacks to demand ransoms or achieve specific political objectives, posing an unprecedented threat to businesses or countries.
South Korean companies from chaebols (large family-owned businesses) to network platform authorities to large Internet companies such as Kakao, Naver and Coupang, are starting to feel tense. Contributing factors include the upcoming South Korean presidential election that will be held in March 2022, as well as Samsung Group chairman Lee Jae-Yong's recent parole from prison.
The 2021 Taipei Innovation Summit, organized by the Taipei Entrepreneurs Hub under the guidance of the Taipei City Government Department of Economic Development, took place from September 16-17, 2021. The summit was themed "Navigating Through Taipei's Digital Transformation" and invited startup companies to join the discussion on the two topics of financial technology and e-commerce logistics. The virtual webinar attracted 1,100 people over the summit's two-day duration.
China's software industry consisting of 40,609 companies generated total revenues of CNY5,971.005 billion (US$921.81 billion) in January-August 2021, growing 20.8% on year, according to China's Ministry of Industry and Information Technology (MIIT).
Mergers and acquisitions (M&A) in Asian countries (excluding Japan) during the first half of 2021 reached the second highest in history with a 69.6% year-on-year increase in value to US$648 billion, according to UBS citing data from Dealogic.
There is no doubt that artificial intelligence (AI) plays a key role in smart systems. Whether it's product inspection on a manufacturing line, route planning in a retail shop, or setting prices for rare items in a mobile game, complex algorithms are always pulling the strings behind the scenes. Consequently, the architecture of AI systems should be tightly intertwined with industrial applications to ensure that these are truly customized to the needs of enterprises. However, the expertise involved in developing AI can oftentimes place a heavy burden on companies. To resolve this problem, National Taiwan University of Science and Technology (Taiwan Tech) recently founded its very own AI Research Center.
Intel has introduced Loihi 2, its second-generation neuromorphic research chip, and Lava, an open-source software framework for developing neuro-inspired applications. Their introduction signals Intel's ongoing progress in advancing neuromorphic technology.
Against the backdrop of nonstop technological advancements, smart energy has become a key policy for governments and enterprises around the globe. However, despite years of development, there is still room for improvement in the three major areas of innovative energy solutions: generation, storage, and conservation. A team led by Cheng-Chien Kuo, chair of the Department of Electrical Engineering at National Taiwan University of Science and Technology (Taiwan Tech), has been using AI and various information technology (IT) tools to help government agencies, factories, enterprises, households and other users track their electricity information more accurately and allow for the formulation of strategies that can further optimize energy use.
The Central Bank of Malaysia is set to issue five digital bank licenses for the first time in early 2022 and the move is expected to push the country to become one of the leaders in Southeast Asia's FinTech industry, according to a report by ASEAN Briefing.