Accelerators & Incubators
Policy & Regulation
Chinese Gaming Company NetEase to Launch $2.5b Hong Kong Listing
NetEase is valued at $49 billion on the Nasdaq Stock Market.
4 hours ago
Tencent to Invest $70b in AI, Cloud Computing and Cybersecurity
Tencent shares were 2.5% higher following the announcement.
KKR to Invest $1.5 Billion in India’s Reliance Jio Platforms
Billionaire Mukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major deal the top Indian telecom operator has secured in just as many weeks.
NetEase and JD.com Set Dates for $5 Billion Hong Kong Listings
The two transactions could raise a combined $5 billion and the deals would be the largest for Hong Kong’s equity capital markets so far this year.
ByteDance’s Market Capitalization Hits Between USD 100 Billion and USD 140 Billion
The firm’s value has risen more than a third within two years.
Alibaba to Invest $1.4b in AI System for Smart Speakers
The money will be used to add more content to Tmall Genie, as well as develop proprietary technology.
Ant Financial Invests USD 73.5 Million in Myanmar Firm Wave Money
The company’s digital payment services have been used by more than one-third of the country’s population.
Jack Ma Leaves SoftBank Board after 13 Years
Alibaba went on to become one of the world’s largest companies with a market capitalization of USD 546 billion. SoftBank still holds about 25% of the company.
United Arab Emirates
Mastercard Partners with Hub71 to Accelerate Innovation in the UAE Fintech Startup Community
Hub71 is a flagship initiative of the AED50 billion Ghadan 21 program established to accelerate the existing economic agenda of Abu Dhabi, as well as to create an environment where entrepreneurs can thrive.
Singapore’s Temasek Joins Facebook-backed Digital Currency Project Libra
Libra’s earlier members include Heifer International, Checkout.com, Shopify and Tagomi.
KEPSA & Jumia Launch Digital Commerce Program to Support Businesses
The initial phase of the KEPSA Digital Commerce Program is limited to Nairobi.
Paytm Payments Bank
Paytm Payments Bank Crosses INR 600 Cr In Fixed Deposits
It elaborated that Paytm Payments Bank allowed customers to earn up to 7% interest on their fixed deposits, which is the highest in the industry.
Huawei's Chip Unit Breaks into Top 10
In China, Huawei unit's market share surged to 43.9 percent, from 36.5 percent a quarter ago, beating Qualcomm, the longtime market leader, which took the second place with a market share of 32.8 percent.
For MTN Nigeria, Voice Revenue Remains King over Data
Relatively slower growth in data usage.
China concept stocks
Chinese Tech Firm NetEase Eyes Hong Kong Secondary Listing
The Nasdaq-listed NetEase has a $42.5 billion market capitalization.
Chinese e-Commerce Firm JD.com Files for Secondary Listing in Hong Kong, Sources Say
Aims to raise US$2 billion.
TiKTok Pledges $10 Million towards Immunization Efforts in Africa
The funds will go towards supporting efforts for both routine vaccinations against existing infectious diseases in Africa, as well as future deployment of COVID-19 vaccines.
JD.com Invests USD 63.5 Million to Gain 7.4% Stake in Tourism Company Caissa
This investment also marks JD.com’s foray into the tourism industry, which is being hard hit by the COVID-19 pandemic.
Alibaba Offers $30 Mn Worth Cloud Credits To Digitise SMEs In India, Globally
General manager at Alibaba Cloud South Asia Alex Li said that India can increase the contribution from its MSME’s to its GDP by 50%.
Alibaba Cloud to Invest USD 28 Billion in Cloud Infrastructure
The investment will help businesses speed up digital transformation to recover from the COVID-19 pandemic.
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