Thomas Miao said Huawei would add 1,000 jobs in the country.
Credit card penetration remains at 10% or less in Thailand, Indonesia and Vietnam, while mobile payments are used by 47-67% of the population.
IPOs & Markets
The company will be listed on Nasdaq after a share exchange with US-based 8i Enterprises Acquisition Corp.
The Budweiser owner needs to find a new way to reduce its $100 billion-plus debt pile.
VeriSilicon, headquartered in Shanghai, has R&D centres at home and in the United States.
This comes just three days after AB InBev shelved its $9.8b listing plan of its Asian business.
It has opened its platform to third parties including those of FAW, Dongfeng, and Guangzhou Automobile.
D&J China is the second platform co-founded by Warburg Pincus and Dongping Sun.
A deal could value Youdao at about $2 billion.
Zilingo has named former Citigroup Asia Pacific MD and technology investment banking head James Perry as its first CFO.
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