Accelerators & Incubators
Policy & Regulation
Grab, Sea And Ant Group amongst 4 Selected for Singapore Digital Banking Licenses
MAS said in a press release that successful applicants had met all relevant prudential requirements and licensing pre-conditions. The four digital banks are expected to commence operations from early 2022.
Eisai And JD.com to Launch Online Dementia Service in China
The joint venture will have a website where users can communicate with dementia specialists about their symptoms and treatment methods.
ByteDance And Kuaishou Venture into China’s Red-Hot Group-Buying Sector
ByteDance, on the other side, has been incubating a grocery group-buying business internally, which was initially named Jinri Maicai.
Chinese Lufax Spinoff And Thailand’s KBank Launch Wealth Management Platform
The application allows Lu International to tap into Southeast Asia’s second-largest economy where mutual funds only account for 10% of Thailand’s THB 44 trillion (USD 1.5 trillion) capital market.
Indonesian Telkomsel Invests US$150M in Gojek
The collaboration marks an expansion of the two tech giants’ multi-year partnership that has offered affordable data packages to gojek driver-partners since 2018.
Baidu to Buy JOYY’s Live Streaming Unit in China for $3.6b
The company said through the deal it aims to diversify its revenue source, the bulk of which comes from ad sales on its core search engine platform.
Chinese Didi And BYD Unveil World's First Tailor-Made Ride-Hailing Vehicle
D1, as the new car named, is designed for the 550 million passengers and more than 10 million drivers on Didi's transportation platform.
Chinese Alibaba And Jack Ma’s YF Capital to Join Kuaishou’s Upcoming Hong Kong IPO
Tencent will be a cornerstone investor in the IPO, while YF Capital, the VC established by Jack Ma, and possibly other Alibaba investment vehicles will subscribe new shares.
Softbank Is Said to Consider Bid for China's Tiktok in India
TikTok is considering selling its operations in several countries after local governments shut out the app, citing fears that sensitive user data was passing into the hands of the Chinese state.
Indian National Payments Corp to Take UPI, Rupay Global Through New Subsidiary
NIPL has been tasked with exporting NPCI’s indigenously developed offerings and technological acumen to foreign markets.
After Reliance Jio & Amazon, Indian Flipkart Turns Focus to Online Medicine Delivery
Flipkart is also open to any investment opportunity in PharmEasy, but the details for the same have not been finalised yet.
Indian Amazon Outpaces Flipkart as Online Sales Revive Smartphone Demand in Q2
Amazon surpassed Flipkart with a share of 47% in all online sales, while Flipkart had a 42% share.
Forbes’ Top Chinese Ceos List Includes Names from Alibaba, Tencent And Meituan Among The Top Five
The list also signifies Shenzhen’s position as a leading business center for China.
In a First, China Has More Companies on Fortune Global 500 List Than The US
Three SOEs – Sinopec Group, China National Petroleum and State Grid – were among the top five companies this year.
JD.Com And Netease IPOs Lead Capital Boom in Hong Kong This Year
The Hong Kong Stock Exchange (HKEX) welcomed 64 new stocks and 59 IPOs in the first half of 2020, including those listed on its mainboard and the Growth Enterprise Market, around 20% less than the same period in 2019.
Tiger Global acquires stake in Bytedance through secondary transactions
ByteDance has emerged as the world’s most valuable startup on the explosive popularity of its short video entertainment app TikTok.
Microsoft to sell AnyVision stake
Although no evidence was found that AnyVision's facial recognition technology is used for mass surveillance in the West Bank, Microsoft will divest from the Israeli startup.
Google Commits $800 Mn Covid-19 Fund To Support SMBs, Healthcare
The tech giant is offering $340 Mn as Google Ads credits to SMBs
Chinese tech giants Tencent, Huawei team up to develop mobile cloud gaming platform, explore AR and VR in games
Cloud gaming is one of the hottest areas in the industry, allowing players to stream games just like they would a movie.
Huawei unveils its latest smartphone series
The move came as Huawei is working to maintain the growth momentum of its smartphone business, despite the US government's restrictions and the COVID-19 outbreak.
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