Startups

‘No more WeWork-style growth’: Hmlet CEO Yoan Kamalski on his comeback and lessons learnt

‘Unfinished desires’ fuel his return and the pivot to sustainable growth under Mitsubishi Estate

The move against the Meta-Manus deal highlights the growing barriers between the tech sectors of China and the US.
THE BOTTOM LINE

Beijing’s blunt message to its tech sector

China’s ban on Meta-Manus deal is a warning to keep AI innovations at home

Entrepreneurs, financiers and companies are scrambling to avoid becoming another Manus, whose Chinese founders moved their business to Singapore to tap global capital.

China’s Meta backlash renders Manus model ‘officially dead’

Beijing is piling on the pressure just as startups grapple with escalating geopolitical tensions

MiroMind – founded by Chen Tianqiao, a pioneer of China’s online gaming industry.

Billionaire founder overhauls MiroMind after warning on Manus

AI startup’s approach may now offer a formula for domestic firms hoping to set up global businesses

Gibran Huzaifah, founder of eFishery, allegedly engaged in financial misconduct, causing losses to the company and its investors.

Indonesia’s eFishery founder faces verdict in fraud case over alleged 70 billion rupiah losses

Prosecutors have sought a 10-year prison term and fine of 1 billion rupiah for Gibran Huzaifah

The Manus decision comes just weeks before US President Donald Trump and China’s Xi Jinping are scheduled to meet at a high-profile summit.
NEWS ANALYSIS

Xi tests China’s reach by blocking Meta’s already-done acquisition of Singapore-based Manus

The country’s regulators have long wielded power far beyond their counterparts in most other countries

Meta's acquisition of Manus has drawn fire in China for the leakage of technology to the US.

China blocks Meta’s US$2 billion acquisition of Singapore-based AI startup Manus

Beijing has tightened scrutiny of key industry firms in the wake of the deal, which has been largely completed

Regulators are worried about a leakage of homegrown technology abroad as Chinese-founded startups and companies explore international opportunities

China to curb US investment in tech companies after Meta deal

The new restrictions risk further isolating the Asian nation’s recovering tech sector from the venture backing that has underpinned it for two decades

Formed in 2024, CuspAI offers a platform that it likens to a highly specialised search engine for molecular formulas.

Temasek-backed CuspAI in talks to boost value above US$1 billion: sources

The company is focused on areas including semiconductors, sustainable energy, batteries and carbon capture

Thomas Laboulle, founder and CEO of Toku, says starting the company was not a eureka moment, but the result of a series of observations over time.
TOPLINE

Catalist-listed Toku makes enterprise AI push as it pursues growth over near-term profit

The company sees strong demand for the technology aligning with its expansion across global markets