The head of India’s biggest quick commerce player says the sector is hurtling toward a shakeout as rivals’ cash dries up, but that his startup will thrive — and continue its expansion.

South Korean police raided the headquarters of Coupang Inc., the country’s largest e-commerce company, searching for evidence related to a historic data breach that compromised the personal information of more than 30 million people.

Reddit Inc. is launching new safety features globally for all under-18s on its popular online forums ahead of Australia’s groundbreaking social media ban.

Australia is set to enact a policy requiring social media companies, including TikTok and Instagram, to block users under 16 from holding accounts or risk hefty fines. Terry Flew, Professor of Digital Communication and Culture at the University of Sydney, discusses the implications of the policy and how the ban would be enforced on "Bloomberg: The Asia Trade." (Source: Bloomberg)

President Donald Trump granted Nvidia Corp. permission to ship its H200 artificial intelligence chip to China in exchange for a 25% surcharge. Bloomberg's Annabelle Droulers explains. (Source: Bloomberg)

HashKey Holdings Ltd., operator of Hong Kong’s largest licensed crypto exchange, is seeking to raise as much as HK$1.67 billion ($215 million) through an initial public offering.

The US Department of Justice has detained two men for allegedly violating export control laws by attempting to smuggle at least $160 million worth of Nvidia Corp. AI chips to China. A third, the owner of a Houston company, has already pleaded guilty.

South Korea’s main bourse operator issued its second warning in about one month over the rapid rise in shares of SK Hynix Inc., which have more than tripled this year on the artificial intelligence boom.