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LG Electronics is betting on robotics as its next big growth driver. The South Korean electronics company said on Friday that it has agreed to acquire an additional 30% stake in Bear Robotics, a California-based startup it previously backed that is building AI-powered server robots for restaurants. The deal gives LG a majority ownership of…
Hong Kong’s Asia Film Financing Forum, the region’s leading movie project market, has unveiled the 25 titles selected for its upcoming 2025 edition. The program features films that are in development from some of Asia’s most accomplished directors and producers, including Kore-eda Hirokazu, Aditya Vikram Sengupta, Nai An, Stanley Kwan and Yeh Ju-Feng. The three-day…
Serena Motola, Seiya Matsudo and Ray Shirakawa have joined Seasons, the upcoming debut feature from Anky Cyriaque (Love and I Had a Fight), with more Japanese actors due to be added. A tale of love, life, death and destiny that spans continents and time, the screenplay is by Oscar-nominated writer Kalman Apple (Speed for Thespians),…
Nvidia has been doubling down on the opportunity to build robotics and other industrial AI applications, with the launch of its Omniverse platform, and most recently Mega, an Omniverse Blueprint framework to create digital twins to operate these applications. It’s also investing in digital twin startups to get the effort off the ground. Taiwan’s MetAI…
For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange. Traditional banks and agents maintain a firm grip on the remittance…
The transition from television to online video is gaining speed across Asia. Over the next five years, online video revenues in the region will grow from $64 billion in 2024 to $89 billion by 2029 — a 40 percent uptick. Traditional TV revenue, meanwhile, will contract by $8 billion over the same period, according to…
The fourth installment in China’s wildly popular Detective Chinatown action comedy franchise has locked down day-and-date theatrical release plans in North America, Europe and Southeast Asia. The highly anticipated feature will open around the world on Jan. 29, the same date it unfurls at home in China on the first day of the lucrative Lunar…
Small and medium-sized enterprises (SMEs) account for nearly 50% of Southeast Asia’s GDP, contributing to job creation, innovation, and overall economic expansion. Nevertheless, as in other parts of the world, SMEs in Southeast Asia face challenges when it comes to sufficient working capital. In a nutshell, SMEs are typically deemed too risky for traditional banks…
Tyme Group, a South African-born fintech operating in the African country and the Philippines, has secured $250 million in a Series D round, pushing its valuation to $1.5 billion. The funding was led by Nu Holdings (which owns NuBank), Latin America’s most valuable fintech, which invested $150 million for a 10% stake. M&G Catalyst Fund…
More is in store for fans of Japan’s hit gay dating show The Boyfriend. On Monday morning in Tokyo, Netflix revealed that it has ordered a second season of the title, which is famously Japan’s very first same-sex reality show. The first season, which premiered on July 9, won over viewers both globally and at…