Asia

Samsung vice chairman and the company’s heir apparent Jay Y. Lee has left prison after a South Korean high court suspended his bribery sentence. Lee, whose father is Samsung’s chairman, was previously sentenced to five years after being found guilty of bribery, embezzlement, capital flight and perjury charges. His sentence was reduced to 2.5 years today
0 Comments
Sony is getting a new CEO after it announced that CFO Kenichiro Yoshida will replace Kazuo Hirai as the head of the Japanese firm. The move will happen April 1, with Hirai shifting to the role of Chairman. “I have dedicated myself to transforming the company and enhancing its profitability, and am very proud that now, in the
0 Comments
In news that will excite every Nintendo fan on the planet, the Japanese gaming giant just announced that it will bring its hugely popular Mario Kart series to mobile. Nintendo teased the upcoming development of ‘Mario Kart Tour’ which it said will be released sometime before March 2019. A long wait, indeed, and for now
0 Comments
Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies. “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our customers,” a company
0 Comments
Line, the messaging app with around 200 million monthly users, is embracing bitcoin and other cryptocurrencies to fend off increased competition from Facebook and others. The Japanese company today announced the creation of a new financial services division which will spearhead a move into cryptocurrencies and other services including loans and insurance. Line already operates
0 Comments
LG’s smartphone business still continues to lose money at an alarming rate. The Korean firm cut its losses in its Q4 2017 financial period to minus RKW 213.2 billion ($192.33 million), up from KRW 375.3 billion ($331.37 million) in the previous quarter, but there’s is no sign that things will drastically change anytime soon. LG Mobile
0 Comments
Tryb Group, a Singapore-based organization focused on fintech services in Southeast Asia, has landed a $30 million investment from Makara Capital. The investment comes from Makara’s $770 million joint fund with the Intellectual Property Office of Singapore (IPOS), which is focused on finding valuable IP in the tech and startup space. TechCrunch understands that Tryb is talking
0 Comments
Japanese bitcoin and cryptocurrency exchange BitFlyer has expanded into Europe after it landed a payment license to operate across the EU. Data from Coinmarketcap.com shows that BitFlyer is the world’s 14th largest exchange based on volume, with more than $294 million trading in the last 24 hours at the time of writing. Bitcoin is the
0 Comments