PH Digest: Concepcion Tech buys Teko; PLDT invests $41m in Multisys

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Teko utilises a proprietary platform for real-time access to service and repairs for home appliances,

PLDT Teko

Spotify set for India expansion, secures rights for booming local music market

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The world’s largest music streaming service has secured deals with many of the major rights holders in India over the past few months, clearing one of its final hurdles to entering the country of 1.3 billion people.


Fidelity-owned Colt Data Centre Services to open data centre in Mumbai

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The UK-based firm had announced in January its plans to expand into the Asia Pacific region with new data centres in Singapore and India.


Israeli tech startup AdaSky raises $20m from South Korea’s Sungwoo Hitech

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AdaSky, which provides far-infrared (FIR) camera technology to help self-driving cars “see” better, said the financing was part of a larger round.


AFIN launches IFC-backed cross-border fintech platform API Exchange

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The platform is aimed at connecting companies to financial institutions globally and become a banking solution for the unbanked.


Tech-led transformation in China bringing scientists back home, says Hillhouse’s Zhang Lei

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“Innovation is also going beyond the digital revolution,” Zhang said. “You can walk away without your wallet and I think that actually inspires a completely different set of companies.”


IFC-backed Vietnamese lender VPBank launches digital banking service YOLO

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The YOLO platform enables users to digitalise their daily activities, from basic banking transactions like savings and money transfer, to online payments for services including bills, restaurants and booking.


Google, FB may get one year to comply with Vietnamese cyber law

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The cyber law, that goes into effect on Jan. 1, requires them to open local offices and store data of Vietnamese users in the country.


Venture capital investors hitch a ride on mobility startups in India

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At least half a dozen new mobility startups in India—including Rapido, Ather Energy, Bounce and Vogo—are in funding talks to raise large amounts of capital.


Tencent seeks to diversify from mainstay consumer biz to industry for future growth

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Tencent’s restructuring comes as the company’s main business of gaming and online services grew at a slower pace, hit by regulatory hurdles this year.