By Alun John
Competition in digital payments in Hong Kong, Singapore and across Asia is becoming increasingly fierce, as traditional financial institutions and new technology firms from around the world vie for dominance both within markets and in cross border payments.
Tata Motors is the first auto maker in India to create a separate division exclusively for shared mobility.
The project is part of a broader “Smart Nation” plan developed by the Singapore government to use cutting-edge technology, designed to improve people’s lives.
Google has come under criticism after reports it was considering re-entering China’s search engine market and would comply with its internet censorship and surveillance policies.
WhatsApp rolled out a test of its payment system in India, its biggest market by users, earlier this year.
If competitors like MicroBT start taking more market share, they could complicate Bitmain’s plans to raise billions of dollars in a Hong Kong IPO.
VC allocations not growing proportionately with surge in deep tech startups, says SGInnovate’s LeonardBy Kristie Neo
Leonard noted that while funding rounds have grown bigger, the capital may not be filtering down to the seed level, where most of the deep tech firms are.
Medopad said in February that it had signed deals worth $131 million with a number of Chinese companies, including Tencent.
The San Francisco-based company’s latest funding round catapulted its valuation to $20 billion, making it the ninth most valuable startup in the world.
By rolling out a cloud computing business in Southeast Asia’s largest market, Amazon will go head to head with its global rival Alibaba whose cloud computing arm, Alibaba Cloud, launched a data centre in Indonesia in March.