Schneider Electric and Hon Hai Technology Group (Foxconn) have announced a strategic collaboration to develop and scale next-generation AI data centers. This partnership combines Foxconn's expertise in AI systems and manufacturing with Schneider Electric's leadership in power, cooling, and energy management to create integrated, ready-to-deploy AI infrastructure solutions. Production is set to begin later this year, aiming to deliver faster, more efficient, and sustainable AI data centers worldwide. The collaboration will focus on innovations like closed-loop energy optimization and modular designs to meet growing AI demands responsibly.
Sea Limited is focusing on growth investments in FY2026, which have caused a decline in adjusted EBITDA margins but driven strong revenue, GMV, and booking growth. Its fintech segment, Monee, benefits from increased cross-selling and expansion in Bra...
Sea Limited reported robust Q1 results with Shopee revenue up 45.1% YoY, Monee loans rising 71.3%, and Garena bookings increasing 20.1%, boosting overall net income. These strong segment performances reinforce Sea's position to benefit from long-term...
Sea Limited reported strong Q1 results with improved monetization in Shopee and significant profitability growth in Monee and Garena. Despite Shopee's guidance for over 25% year-on-year GMV growth, the company faces EBITDA margin pressure due to comp...
