Momentum Works: the GMV of the online food delivery market in Southeast Asia's six biggest economies grew 18% YoY to $22.7B in 2025, and Grab accounted for 55% (Dylan Loh/Nikkei Asia)

Dylan Loh / Nikkei Asia:
Momentum Works: the GMV of the online food delivery market in Southeast Asia's six biggest economies grew 18% YoY to $22.7B in 2025, and Grab accounted for 55%  —  SINGAPORE — Grab Holding's share of the Southeast Asian food delivery market rose to 55% last year, cementing its position …

Moonshot says Kimi K2.5 builds on K2 with "pretraining over ~15T mixed visual and text tokens" and "can self-direct an agent swarm with up to 100 sub-agents" (Kimi)

Kimi:
Moonshot says Kimi K2.5 builds on K2 with “pretraining over ~15T mixed visual and text tokens” and “can self-direct an agent swarm with up to 100 sub-agents”  —  Today, we are introducing Kimi K2.5, the most powerful open-source model to date.

Chinese startup Moonshot updates its Kimi model, saying K2.5 can process text, images, and videos simultaneously and beats its open-source peers in some tests (Bloomberg)

Bloomberg:
Chinese startup Moonshot updates its Kimi model, saying K2.5 can process text, images, and videos simultaneously and beats its open-source peers in some tests  —  Alibaba Group Holding Ltd.-backed Moonshot AI released an upgrade of its flagship model, heating up a domestic arms race ahead …

Chinese autonomous trucking company DeepWay raised ~$173M ahead of its planned Hong Kong IPO, filed in November 2025; DeepWay reported ~$215M in H1 2025 revenue (Dong Cao/Bloomberg)

Dong Cao / Bloomberg:
Chinese autonomous trucking company DeepWay raised ~$173M ahead of its planned Hong Kong IPO, filed in November 2025; DeepWay reported ~$215M in H1 2025 revenue  —  DeepWay Technology Co., a Chinese company that makes technology for heavy-duty trucking, has raised about 1.2 billion yuan …

Sources: SoftBank halts talks about a ~$50B acquisition of US data center operator Switch, a setback to Masayoshi Son's goal to roll out Stargate infrastructure (Bloomberg)

Bloomberg:
Sources: SoftBank halts talks about a ~$50B acquisition of US data center operator Switch, a setback to Masayoshi Son's goal to roll out Stargate infrastructure  —  SoftBank Group Corp. has halted talks about an acquisition of US data center operator Switch Inc., a setback …

London-based enterprise AI video startup Synthesia raised a $200M Series E led by GV at a $4B valuation, up from $2.1B after raising $180M in January 2025 (Nat Rubio-Licht/The Deep View)

Nat Rubio-Licht / The Deep View:
London-based enterprise AI video startup Synthesia raised a $200M Series E led by GV at a $4B valuation, up from $2.1B after raising $180M in January 2025  —  W  —  hile AI video generators like OpenAI's Sora, Google's Veo, and Kling are best known for creating “AI slop” …