By Mars Woo
Regulators in Southeast Asian countries have issued permits to new ride-hailing companies to compete with market leader Grab.
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.
Byton last year raised $240 million in a round of funding from investors including Chinese retailer Suning and Fullshare Holdings.
The crypto exchange platform is planning to support enterprises in the development of blockchain technology in Vietnam.
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.
The acquisition will support Singapore-based Bridge’s expansion of its Asia Pacific operations.
The blockchain project for games and applications said the funding will help drive product development, international expansion and recruitment.
Volkswagen will also jointly buy some new cars with Didi to allow the Chinese company to expand its fleet.
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.
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.