Author: Deal Street Asia Online News

Shares of Legend Capital-backed AIoT firm Qunabox rise after HK listing

Shares of Qunabox, a Shanghai-based Artificial Intelligence of Things (AIoT) marketing service provider, have risen by 63% from their initial offer price after three trading sessions. Qunabox’s shares closed at HK$40.9 ($5.24) apiece on Wednesday, compared with their IPO price of HK$25 ($3.20). The company’s scrip had debuted on the HKEX at HK$33 ($4.48) per… Continue reading Shares of Legend Capital-backed AIoT firm Qunabox rise after HK listing

SEA Digest: Apple to enter Malaysia; SG-based Aspire expands to Hong Kong

Apple will open its first retail store in Malaysia on June 22, while Aspire has secured an MSO license in Hong Kong to expand its SME financial services. Apple to open its first retail store in Malaysia Apple Inc has announced on its website that it will open its first retail store in Malaysia at… Continue reading SEA Digest: Apple to enter Malaysia; SG-based Aspire expands to Hong Kong

Ex-OpenAI board member reveals backstory behind CEO Altman’s dramatic ousterOpenAI’s board learned of ChatGPT only when they saw it on Twitter, said H…

OpenAI‘s board only learned of the existence of ChatGPT when they saw it on Twitter, former board member Helen Toner said in an interview on “The Ted AI Show” podcast that aired Tuesday. Toner provided her first detailed account of the backstory behind the dramatic firing and rehiring last November of OpenAI‘s CEO Sam Altman, painting… Continue reading Ex-OpenAI board member reveals backstory behind CEO Altman’s dramatic ousterOpenAI’s board learned of ChatGPT only when they saw it on Twitter, said H…

China regulator quizzes Midea on impact of planned HK listing on Shenzhen shares: report

Home appliance maker Midea Group has been questioned by China’s securities regulator on how a planned $2 billion-plus Hong Kong listing could impact the value of its Shenzhen-listed shares, said three people with direct knowledge of the matter. Midea, based in Foshan city in Guangdong province, applied in October to list no more than 10%… Continue reading China regulator quizzes Midea on impact of planned HK listing on Shenzhen shares: report

KKR-SingTel consortium in lead to buy $1b stake in data centre provider STT GDC: reportThe consortium is competing with Stonepeak for the 20% stake.

A consortium of US investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia’s biggest data centre providers, two sources said. The potential investment in STT Telemedia Global Data Centres (STT GDC) reflects growing interest and demand for data centres across… Continue reading KKR-SingTel consortium in lead to buy $1b stake in data centre provider STT GDC: reportThe consortium is competing with Stonepeak for the 20% stake.

Asia Digest: Ignition AI Accelerator launches in SG; PH’s Globe creates new AI group

Tribe and Digital Industry Singapore have launched Ignition AI Accelerator with Nvidia, while Philippines-based telecom giant Globe has created a new AI group. Ignition AI Accelerator launches in Singapore Ecosystem builder Tribe and Digital Industry Singapore (DISG) have collaborated with Nvidia to launch Ignition AI Accelerator, a new AI startup accelerator based in the city-state.… Continue reading Asia Digest: Ignition AI Accelerator launches in SG; PH’s Globe creates new AI group