Co-founders Ariel Cohen and Ilan Twig each sold shares worth around US$25 million, and senior employees sold about US$15 million.

Analysts cited growing competition from domestic rivals as a key factor behind the weaker performance.

The project aims to make advanced robotic solutions more accessible across Japan’s regions and help businesses address local labor shortages.

KapKap reports over 1.7 million monthly active users and 25,000 daily active users.

The acquisition aims to streamline developer workflows for AI projects.

The sale is intended to help pay inheritance taxes and repay loans after the 2020 death of Samsung patriarch Lee Kun-hee.

The company’s core social media business turned cash-flow positive, though new investments continued to weigh on profitability.

The features will first launch for English-language users in the US, the UK, Canada, and Australia.

The device features two hinges, allowing it to function as both a standard smartphone and a larger tablet when unfolded.

Chan told Bloomberg that the IPO pipeline is "very strong," with many mainland Chinese firms choosing Hong Kong as a fundraising platform.