New ride-hailing players emerge in Southeast Asia to take on Grab, Go-Jek

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Regulators in Southeast Asian countries have issued permits to new ride-hailing companies to compete with market leader Grab.

Zcash gets approval to trade on New York’s Gemini crypto exchange

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Once Zcash begins trading on the Gemini exchange, it will be only the third currency to be granted approval to trade on the exchange, with Bitcoin and Ether being the two other approved currencies.


China’s FAW to invest $260m in EV startup Byton’s Series B round

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Byton last year raised $240 million in a round of funding from investors including Chinese retailer Suning and Fullshare Holdings.


Crypto exchange Huobi plans to enter Vietnam’s blockchain market

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The crypto exchange platform is planning to support enterprises in the development of blockchain technology in Vietnam.


Fintech battle pits Singapore’s DBS against Chinese titans

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Chinese online payment firms Tencent Holdings Ltd. and Ant Financial, owned by billionaire Jack Ma, are both targeting DBS’s core markets of Southeast Asia and India for expansion.


Bain-backed Singaporean firm acquires data centres from Malaysia’s PNB

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The acquisition will support Singapore-based Bridge’s expansion of its Asia Pacific operations.


HK mobile games platform ALAX raises $3.8m from its token-based fundraising

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The blockchain project for games and applications said the funding will help drive product development, international expansion and recruitment.


Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars

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Volkswagen will also jointly buy some new cars with Didi to allow the Chinese company to expand its fleet.


Philippines to allow cryptocurrency operators in economic zone

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The Philippines will allow 10 blockchain and virtual currency companies to operate in an economic zone to take advantage of tax perks while generating employment.


China’s IC fund seeks foreign money for investments in semiconductor industry

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The Chinese government has set up a fund that aims to raise up to $31.7 billion to back a spectrum of domestic firms from processor designers to equipment makers.