A former Google engineer, Linwei Ding, who was indicted by the US Department of Justice, faces allegations of stealing confidential AI technology while working for tech firms in China. The DOJ unsealed the indictment on Wednesday, charging Ding, also known as Leon Ding, with four counts of theft of trade secrets. The charges involve Ding […]

Indonesian tech giant GoTo and its Chinese-owned partner TikTok are on track to fully comply with Indonesia’s regulations banning in-app transactions on social media platforms. According to GoTo’s CEO, compliance is expected to be reached within the next six weeks. The announcement, made on Wednesday, aims to ensure that GoTo and TikTok operate in accordance […]

Japan’s Financial Services Agency plans to double the cap on the amount of money retail investors can invest in unlisted startups. The agency plans to strengthen the funding pool for emerging growth sectors.  At present, through crowdfunding, retail investors have a limitation of investing a maximum of 500,000 yen annually in individual unlisted startups. However, […]

Thailand’s Stock Exchange (SET) has announced plans to strengthen its listing regulations in response to a series of unsettling events, including a significant accounting scandal, debt defaults, and unexplained fluctuations in share prices. These developments have shaken investors, leading to a decline in the SET Index, which is set to record its lowest closing level […]

The Malaysian Economy Minister, Rafizi Ramli, has announced that the government plans to reform the country’s startup ecosystem. A proposal outlining these reforms will be presented to the Digital Economy Council by the end of July. The minister explained how the government will focus on enhancing funding and investment opportunities, particularly at the seed and […]

Japan is taking proactive steps to simplify regulations for foreign individuals seeking startup visas, to foster its startup ecosystem. The Ministry of Economy, Trade and Industry plans to revise existing rules, allowing private companies to participate in the visa screening process. This move is expected to streamline the visa issuance procedure, making it more accessible […]

South Korea’s Ministry of SMEs and Startups (MSS) announced that it is considering the launch of a ₩1 trillion ($749 million) fund of funds this year to boost the country’s innovative venture industry. A statement released by the ministry said Minister Lee Young aims to leverage the capabilities of the MSS to support the innovative […]

China recently introduced new regulations on online gaming that limits the number of time under-18s can spend on online video games to 3 hours a week. The authorities say that this move was necessary to combat online gaming addiction. What are the new guidelines? According to the announcement from the Chinese National Press and Publications, […]

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has ordered social media platform Lyka to halt its operations as an Operator of Payment System (OPS) until it secures registration from the monetary regulatory. Lyka is a startup launched in the Philippines by a Hong Kong-based company. The firm allows its users […]

The Ministry of Earth Sciences unveiled new guidelines for the sector on February 16, 2021, annulling ages of red-tapism by liberalizing India’s mapping policy. Experts believe that this will usher in a new era for Startups working and dependent on such data.