Naver to acquire crypto exchange giant Dunamu in $10 billion deal
Naver’s purchase of Dunamu is set to create a fintech heavyweight that offers everything from payments to crypto and stock trading.
Zinnia Lee, Forbes Staff
Meet the Japanese noodle billionaire taking on McDonald’s and KFC
Takaya Awata parlayed a tiny local diner into quick-service giant Toridoll Holdings. Now he wants to taste global success.
Samsung expects 931% surge in first-quarter profit as memory chip prices rebound
The world’s largest memory chip maker by sales reported an operating profit of 6.6 trillion won ($4.9 billion).
China’s richest person faces boycott threat amid allegations he betrayed his fellow beverage billionaire
Nongfu Spring’s founder Zhong Shanshan has refuted accusations that his success was achieved by undermining his former partner Zong Qinghou.
Meet the tiny startup aiming to take on Apple and Meta with AI smart glasses
Brilliant Labs does not suffer from a lack of ambition. This three-person startup is aiming to outmaneuver the giants of Silicon Valley in its quest to develop augmented reality glasses for the masses. A tall order? Yes. But Brilliant Labs has the backing of some big-name investors, so don’t write them off just yet.
How two Chinese brothers became billionaires from $1 bubble teas
At age 21, Zhang Hongchao started peddling shaved ice treats. A quarter of a century later, he and his younger brother Hongfu have made a fortune selling soft-serve ice cream, coffee drinks and its super popular bubble tea and lemonade.
How udon noodles made Japanese college dropout a billionaire
Takaya Awata, founder and CEO of Tokyo-listed Toridoll Holdings, best known for its popular udon noodle restaurants, has joined the ranks of billionaires.
Billionaire Li Ka-Shing backs Aussie biocomputing startup combining AI and brain cells
Cortical Labs, an Australian startup developing a new type of artificial intelligence that combines lab-grown human brain cells with computer chips, has raised $10 million in a funding round led by Horizons Ventures, the private investment arm of Hong Kong’s richest person, Li Ka-shing.
No lucky hand: How this former pro poker player became a billionaire
Over the past decade, Chow Shing Yuk, 44, has steadily built a logistics and delivery giant from a base in Hong Kong, backed by the likes of Neil Shen’s Sequoia China and Lei Zhang’s Hillhouse.
Billionaire Changpeng Zhao’s Binance to offload all remaining FTT tokens of Sam Bankman-Fried’s FTX
Changpeng Zhao wrote of “recent revelations that have come to light.”