NOVEMBERASIA BUSINESS OUTLOOK9Mukesh Ambani, India's richest man and chairman of Reliance Industries, is set to travel to South Korea for a strategic meeting with Samsung Electronics Chairman Lee Jae-yong next week.The visit, scheduled for November 25­26, is expected to deepen collaboration between the two giants in next-generation telecom networks and advanced artificial intelligence infrastructure.Ambani will be accompanied by his eldest son, Akash Ambani, who chairs Reliance Jio Infocomm. Their trip marks a significant step toward strengthening India­Korea technology partnership, especially in areas critical to 6G network innovation and AI infrastructure growth.During their visit, the Ambanis will tour Samsung's Suwon complex alongside Lee, gaining first-hand insight into Samsung's production lines for 5G equipment and early-stage 6G development.This is the Ambani family's first visit to a Samsung facility, signalling what industry executives interpret as potential groundwork for future commercial agreements in telecom equipment collaboration and strategic tech alliances.· Ambani and Samsung's Lee will discuss 6G, AI and next-gen telecom expansion.· Their first visit to Samsung's Suwon facility hints at future commercial deals.· Global tech CEOs are competing for influence in India's digital infrastructure boom.Following the Suwon visit, the group will head to Seoul for a private dinner with Lee, joined by the head of Samsung's networks division, a unit competing globally with Huawei, Nokia and Ericsson.The meeting underscores a shared ambition to accelerate digital infrastructure and reinforce Asia's leadership in emerging technologies.Ambani, who oversees Reliance's vast empire spanning energy, retail and telecommunications, is also building what is projected to become the world's largest AI-optimised data-centre complex -- a development closely aligned with Samsung's long-term tech roadmap.With an estimated net worth of $111.4 billion, Ambani continues to attract global tech leaders, including Nvidia's Jensen Huang, Meta's Mark Zuckerberg, and Google's Sundar Pichai, all of whom seek stakes in India's fast-expanding digital economy. MUKESH AMBANI TO MEET SAMSUNG'S LEE JAE-YONG FOR 6G & AI TALKSNEWSROOMKraken has secured US$800 million in fresh funding, including a significant US$200 million investment from Citadel Securities, pushing the crypto exchange's valuation to US$20 billion.The round drew strong participation from global institutional investors such as Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, with Citadel Securities joining a follow-on tranche.This fundraise highlights Kraken's accelerating influence in the evolving digital-asset landscape and strengthens its position within global crypto expansion and next-gen digital trading platforms.Founded in 2011, Kraken operates a regulated crypto marketplace offering spot and derivatives trading, tokenized assets, staking solutions, and payment services.· Kraken raises US$800M, boosting its valuation to US$20B.· New funds will accelerate expansion across LatAm, APAC and EMEA.· Citadel Securities joins as a strategic investor for liquidity and risk management.The newly secured capital will fuel the company's strategic mission to bridge traditional finance with blockchain infrastructure. Kraken plans to scale its footprint across Latin America, Asia Pacific and EMEA--regions with rising demand for crypto institutional adoption and blockchain financial connectivity.In recent months, Kraken has broadened its offerings through the acquisition of NinjaTrader, enabling US-based futures trading. The funding exchange has also introduced tokenized equities and expanded its payments app, reflecting its push toward diversified digital-asset products. Citadel Securities will collaborate with Kraken to strengthen liquidity provision and risk-management infrastructure, further elevating its capabilities in regulated crypto markets.Kraken reported US$1.5 billion in revenue in 2024 and has already surpassed that number by Q3 2025, underscoring the platform's strong growth trajectory and user expansion. With new capital, global partnerships and deepened market infrastructure, Kraken is positioning itself as a long-term leader in the future of digital finance. KRAKEN RAISES $800M, HITS $20B VALUATION AMID GLOBAL EXPANSION
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