Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Top South Korean online portal operator Naver inked a share-swap deal worth 600 billion won with entertainment and logistics firm CJ Group to boost their competitive edge in e-commerce and entertainment.
Under the deal, Naver will acquire a 7.85 percent stake in CJ Logistics Corp., a parcel delivery company, a 6.26 percent stake in Studio Dragon, a drama production company owned by CJ ENM, and a 5 percent stake in entertainment giant CJ ENM Corp.
In turn, Naver will distribute shares with the same value to the three CJ Group units.
The stakes in Naver to be held by CJ Logistics, CJ ENM, and Studio Dragon are 0.64 percent, 0.32 percent, and 0.32 percent, respectively.
The strategic tie-up is designed to create a new cooperative model in e-commerce and content to strengthen their competitive edge against foreign rivals, such as US streaming company Netflix.
Netflix has the most active mobile application users among over-the-top services in South Korea as of May, with an estimated 6.37 million.
Local player Wavve had at 3.46 million followed by Seezn at 2.36 million.
