I’m a Forbes Asia reporter based in Hong Kong, where I cover the Asia-Pacific region's up-and-coming startups and the investors who back them. You can email me at catherine.wang [at] forbes.com.
Founder Of Chinese Camera Maker Insta360 Becomes A Billionaire Upon IPO
At age 33, Liu Jingkang has earned a fortune of $2.7 billion by selling 360-degree action cameras.
Japan’s Mitsubishi Launches $700 Million VC Arm
Through MC Global Innovation, Mitsubishi Corporation will expand on startup investments from its eight business groups.
Japanese Semiconductor Startup Secures $21 Million In Grants For Edge AI
Tokyo-headquartered EdgeCortix aims to develop chips for edge AI, a rapidly growing field that involves running applications without relying on cloud servers.
Tencent Music Buys $177 Million Stake In K-Pop Giant SM Entertainment
With a 9.7% stake, Tencent’s online music arm will become the second-largest shareholder of SM Entertainment, known for major K-pop acts such as Aespa and NCT.
Hyundai Launches $91 Million VC Fund For Early-Stage Startups
Hyundai Motor Group’s corporate venture capital arm, ZER01NE, has launched its third fund targeting AI, robotics, cybersecurity, and energy technologies.