The soaring valuations of Software-as-a-Service (SaaS) companies that characterized the last decade have come crashing down, according to Jerry Yang, general partner at Paris-based VC firm HCVC. Speaking at InnoVEX 2024, Yang outlined the end of the SaaS valuation bubble and its implications for hardtech investments and Taiwan’s tech industry.
BYD founder and chairman Wang Chuanfu said EVs are still gaining momentum in replacing internal combustion engine vehicles. He also announced that BYD will invest CNY100 billion (US$13 billion) in smart vehicle technology development.
After months of swirling rumors about Royole Technologies’ financial struggles, once touted as China’s leading foldable screen manufacturer, the latest legal documentation confirms that the company has initiated bankruptcy liquidation proceedings.
Taiwan’s major passive components supply chain players, including Yageo and Ample Electronic Technology reported impressive business performance for May and the first five months of the year, driven by their strategic foray into AI applications.