Chen Zhi’s family office website describes the 37-year-old as a "young business prodigy." But US and UK authorities say he’s behind scam centers run by forced labor. Read more here: https://bloom.bg/3JtzsXO

📷: Prince Holding Group

🎙️ Indian-based workers once supported American financial services firms. Now, they’re increasingly key to their operations.

On today’s Big Take Asia podcast: How India’s government is encouraging Wall Street firms to expand their footprint in India and how President Trump’s new visa policies could speed up the push: https://link.podtrac.com/4rorpntg

🎙️ On today’s Big Take Asia podcast, Bloomberg’s James Mayger and Isabel Reynolds explore why comments on Taiwan from Japan’s new prime minister have inflamed tensions with China — and where the diplomatic standoff could go from here: https://link.podtrac.com/jxfy2rhy

Chen Tao and his wife Liu Chunlan, have become one of China’s richest AI billionaires, as their fortune soar on the world’s insatiable demand for the technology and a critical partnership with Nvidia.

Read more on their combined $9.1 billion net worth, vaulting them above the likes of Bill Ackman and Jon Gray on the Bloomberg Billionaires Index. https://bloom.bg/3KfTeX9

US authorities have been probing Indian companies trading chemicals used to make fentanyl but with little success. https://bloom.bg/4pw0iOd

📷: Johannes Eisele/AFP/Getty Images

An AI-enabled teddy bear sold by a Singapore-based company is back on the shelves after researchers discovered it chats unprompted about sexual fetishes and other unsuitable topics. https://bloom.bg/3M4UYmv

📷: FoloToy

Hong Kong’s leader is holding a briefing as the city's deadliest fire in decades kills at least 55. Follow our live blog for the latest news and analysis: https://bloom.bg/43UuytR

🚨LIVE NOW: Bloomberg reporters answer your questions in a Live Q&A about RBI's intervention to stabilize the Indian rupee after its biggest drop since 2022. https://bloom.bg/43VLQH7

Illegal Bitcoin mining in Malaysia has become so prolific that authorities are deploying drones with thermal imaging to search for unusual power use. More here: https://bloom.bg/3Xz5HYZ

📷: Deputy Minister of PETRA’s Office

🎙️ President Trump's tariff war with China sent US firms scrambling to find new manufacturing hubs. India looked ideal, until the White House changed course.

On today’s Big Take Asia podcast, how shifting trade policies are undermining India's push to become the world’s next factory: https://link.podtrac.com/jxfy2rhy

Chinese AI startup MiniMax spent its first three years largely on the sidelines of AI development. While rivals chased local ChatGPT clones, it was tackling a harder problem: building a single model capable of processing text, speech and video. Now, the $619 million IPO crystallizes a surge in wealth for its founder Yan Junjie. https://bloom.bg/3Z4mKmo

📷️: Lam Yik/Bloomberg

US Commerce Secretary Howard Lutnick says a trade deal with India did not materialize last year because Prime Minister Narendra Modi did not call President Donald Trump. https://bloom.bg/49ncFHr

📷: Prakash Singh/Bloomberg

As Indian investors nurse losses in high-momentum favorites, the focus is shifting back to good old earnings. The so-called quality factor — stocks with strong profitability and balance sheets — is set to regain favor after two years of underperformance, according to Bernstein’s quant team.

Our new Markets Daily India newsletter explores what traders are looking at: https://bloom.bg/4pzl7bm