Posts by Mark Darwin
Chairman of Malaysia’s IJM Corp detained in anti-graft probe
The arrest happened at the agency’s headquarters following a raid on the suspect’s home Published Fri, Feb 6, 2026 · 08:30 PM [KUALA LUMPUR] Malaysia’s anti-graft body briefly detained the chairman of construction group IJM Corporation for questioning, it said on Friday (Feb 6), part of a probe into alleged corruption involving around RM2.5 billion…
Read MoreIntel, AMD notify customers in China of lengthy waits for CPUs
The supply constraints have driven up prices for Intel’s server products in China by more than 10% Published Fri, Feb 6, 2026 · 04:47 PM [BEIJING] Intel and AMD have notified Chinese customers of supply shortages for server central processing units (CPUs), with Intel warning of delivery lead times of up to six months, people…
Read MoreLuckin Coffee’s PE owner gains more control over Chinese chain
The company’s American depositary receipts have gained 24% in the past 12 months Published Fri, Feb 6, 2026 · 12:51 PM [HONG KONG] Centurium Capital consolidated its holding in Luckin Coffee to tighten control over China’s biggest coffee chain. The China-focused investment firm acquired 136.2 million Class B shares from Lucky Cup Holdings, an investment…
Read MoreSouth Korea’s ETF boom puts assets on track to overtake Taiwan
The two tech-heavy Asian markets have been a focal point in recent years, thanks to a global frenzy sparked by the rise of AI Published Fri, Feb 6, 2026 · 08:45 AM [SINGAPORE] In yet another sign of the South Korean market’s rising prominence on the global stage, assets in the nation’s exchange-traded funds (ETFs)…
Read MoreOffer for Low Keng Huat turns unconditional with 95.5% of shares secured
Managing director Marco Low and his family are taking the company private at S$0.78 per share [SINGAPORE] The privatisation bid for construction and property developer Low Keng Huat (LKH) has turned unconditional, with the offerer securing 95.47 per cent of shares as of 6 pm on Thursday (Feb 5). The offerer – a special-purpose vehicle…
Read MoreOpenAI unveils AI agent service as part of push to attract businesses
The platform is part of a broader effort by OpenAI to seize the enterprise market from its rivals Published Thu, Feb 5, 2026 · 10:41 PM [SAN FRANCISCO] OpenAI on Thursday (Feb 5) said it is launching a service, called Frontier, for companies to build and manage so-called artificial-intelligence agents, or AI tools that can…
Read MoreEV maker Nio set to record first adjusted operating profit for Q4 FY2025
The turnaround is driven by ‘sustained growth’ in sales volume and a favourable product mix [SINGAPORE] Electric vehicle manufacturer Nio expects to record its first-ever quarterly adjusted operating profit for the three months ended Dec 31, 2025. Nio’s Q4 adjusted operating profit is set to range from 700 million yuan (S$128.4 million) to 1.2 billion…
Read MoreGrab to equip 10,000 drivers, merchants with AI skills by 2028
This aligns with efforts by policymakers to future-proof workers as AI reshapes business models and jobs [SINGAPORE] Grab aims to train 10,000 drivers and merchants on its platform with artificial intelligence (AI) skills by 2028, the company said on Thursday (Feb 5). The target was announced during a visit to Grab’s one-north office by Acting…
Read MoreTrillion-dollar tech wipeout ensnares all stocks in AI’s path
Published Thu, Feb 5, 2026 · 12:55 PM [SAN FRANCISCO] There have been many artificial intelligence (AI)-driven sell-offs in the three years since ChatGPT burst into the mainstream. Nothing, though, quite rivals the rout rippling through stock and credit markets this week. For one, there’s the sheer speed and breadth of it. In the span…
Read More9 fundraising myths that first-time founders still believe
If you are raising capital for the first time, it can feel like everyone else got a secret playbook you missed. Twitter threads make it sound easy. Demo Day decks look inevitable in hindsight. Meanwhile you are rewriting your pitch at midnight, second-guessing your metrics, and wondering if investors can smell uncertainty through a Zoom…
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