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SilverRide adds Salesforce cofounder Dave Moellenhoff to its board, signaling a board-level commitment to building its technology platform.
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China unveils eight-agency action plan to boost smart homes with 250 billion yuan injection
China has launched an action plan to promote consumption of smart home products, aiming to increase the diversity of usage scenarios and expand the supply of high-quality goods. The plan was issued by eight government agencies, including the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Industry and Information Technology. It sets out seven major measures covering the expansion of high-quality smart home supply, improvement of the standards system, support for consumption, development of products suited to the elderly, organisation of recycling service chains for used household goods, optimisation of community services, and strengthening of financial and budgetary support. The plan also calls for supporting the retrofitting of homes for the elderly and the upgrading of old homes into smart homes. Under the 2026 trade-in policy for consumer goods, local governments have been given greater flexibility in designing subsidy programmes, with the central government planning to allocate 250 billion yuan, or 36.93 billion US dollars, from ultra-long special treasury bonds to support such projects nationwide.
Tokai to Inherit Welfare Equipment Business via Company Split
Tokai announced on the 7th that, with an effective date of November 1, 2026, it will inherit the welfare equipment rental, sales, and home renovation businesses of K-WORKER and Araki Marine through a company split. K-WORKER and Araki Marine will be the splitting companies, and Tokai will be the succeeding company in an absorption-type split, with consideration of 120 million yen to K-WORKER and 186 million yen to Araki Marine. Tokai operates businesses supporting in-home care and currently has a total of 104 business locations across the Tohoku, Kanto, Chubu, Kansai, Chugoku, Shikoku, and Kyushu regions as the Tokai Group. Meanwhile, K-WORKER operates similar businesses within Tokyo, and Araki Marine within Kumamoto Prefecture. Through this inheritance, Tokai aims to expand its customer base and increase market share.
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Taiwan Faces Demographic Crisis, Population Expected to Drop 48% to 12.15 Million by 2075
Bloomberg reports that Taiwan's population may decline to about 12.15 million by 2075, a drop of roughly 48% from 2026 levels, amid a continued decrease in births and young population, while the number of elderly rises significantly, posing long-term challenges to the labor market, economy, and defense capabilities. Estimates from Taiwan's National Development Council (NDC), based on household registration data, indicate that the working-age population will shrink by nearly two-thirds over the next 50 years. By 2075, the population aged 0-14 will be only 585,000, the working-age population (15-64) will be about 5.13 million, and those aged 65 and above will reach 6.43 million, meaning the elderly will outnumber the working-age population and account for more than half of the total population. These figures reflect risks after the population peaked at 23.6 million in 2019, and could also affect Taiwan's security, as the military still relies partly on conscription amid threats from China.