Asian tech roundup: The great Alibaba split

Plus: Australia cracks down on Twitter

Fund manager Australian Perpetual has suffered an outage related to an IT security incident, which affected some of its funds. The outage affected about 45,000 clients. Source
The ALPHV/BlackCat gang has stolen more than 4TB of data from HWL Ebsworth, a law firm that represents large corporate and government clients. Source
Australia has threatened to fine Twitter up to AUD$700,000 ($475,000), after safety regulator eSafety said the platform had generated more complaints about online abuse than any other in the last 12 months. The company has four weeks to respond and show how it is tackling online hate. Source

TikTok has admitted that data from US user is stored in China, despite a previous statement saying was all in US-based data centres. Source
Alibaba has announced a major shake-up, including a new CEO. The company is dividing into six separate divisions. At the same time Eddie Wu, current chair of the ecommerce business, will succeed Daniel Zhang as CEO. Zhang will move to the cloud unit, which will be spun off as a separate business. Source
Ant Group has confirmed it is working on its own large language model for AI systems. The LLM is internally known as Zhenyi after Wang Zhenyi, a female scientist who lived in the 18th century (Qing dynasty). Source
Huawei has called the EU's withdrawal as a customer for 5G network products "discriminatory" and against the principles of free trade. Source
The USA's Micron Technology has warned that China's local ban could cost it nearly $4 billion: half of Chinese customer revenue. Source
Ford's executive chairman says the US can't compete with China on EVs. Source
Hua Hong Semiconductor says the state-backed China IC Fund II will take part in a proposed share issue as a strategic investor by subscribing for shares worth CNY¥3 billion (£328 million). Source

Byju's, the world's most highly valued education technology company, is cutting 1,000 jobs, as it battles a growing list of financial and legal woes. Deloitte has quit as the company's auditor. Source
Apple's App Store billing systems and policies are being reviewed by the Competition Commission of India (CCI). The CCI may ask Apple to change its billing and commissioning policies, as it did previously with Google. Source
US chip company Micron Technology will receive a subsidy worth 70% of the $2.75 billion cost of a chip packaging plant in Gujurat, India. The announcement came as India's President Modi visited President Biden in the US. Source
The Indian government has ordered Chinese mobile phone companies operating in the country to embed Indian financiers in their operations and to appoint Indian executives in key roles. Source
Infosys, India's second-largest IT services provider, has signed a $454 million deal with Denmark's Danske Bank. The contract will see Infosys digitising Danske's core business and adding more cloud and data facilities. Source

Japan unveiled a $6.3 billion deal to buy out JSR, a major supplier of chipmaking materials. Source
Japanese pharmaceutical giant Eisai was hit by a ransomware attack that affected its operations and encrypted some of its servers. Source

Germany's Siemens is spending €2bn to ramp up manufacturing capacity, innovation labs and education centres with a focus on Singapore and China. Source
Grab, the Singaporean 'super-app' has announced by email that it is laying off 11% of its workforce. Source
Singapore police force has introduced robots to patrol Changi Airport following more than five years of trials. Source
Singapore considers 'purpose bound money' PBM as a way to make digital currency more practical . Source

Do Kwon, boss of South Korea's Terraform Labs, and former finance officer Han Chang-joon have been sentenced to four months of jail in Montenegro for forging official documents. Both are closely linked to the collapse of the terraUSD and Luna cryptocurrencies last year. Source
South Korean engineering 'genius' Choi Jin-seok has been charged with stealing Samsung's technology to build a chip plant in China. Source

Meta's Oversight Board has called for a six-month ban on Cambodian Prime Minister Hun Sen's Facebook and Instagram accounts for inciting violence. Source
Texas Instruments is to spend $3.16 billion on two new assembly and test plants in Malaysia to bring the majority of operations in house. Source
SpaceX has launched a communications satellite as part of a $550 million project by the Indonesian government to provide high-speed internet access to public facilities. Source
ByteDance is looking to expand in Indonesia as it faces growing regulatory pressures around the world. Source