Volvo, Baidu partner to develop self-driving electric cars for China

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Volvo is one of a growing list of auto manufacturers tying up with technology companies or rivals to split the huge cost of developing functional and safe self-drive systems.

Baidu

Blockchain trade finance platform eTrade Connect launched in HK

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The new blockchain-based trade finance platform is developed by HSBC, Standard Chartered and 10 other banks.

Asia Digest: China’s Huawei, P&G step up investments in innovation centres

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Huawei and US consumer product firm P&G have announced plans of stepping up investments in their innovation centres in Asian cities.  

S Korean NXC’s European arm buys digital exchange Bitstamp in all cash deal

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NXMH is the European subsidiary of South Korea-based NXC, which invests in digital technologies. NXC also owns South Korean cryptocurrency exchange Korbit.

Britain’s Dyson to make electric car in Singapore

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Dyson had said the vehicle would be made close to suppliers and its potential biggest markets, namely in Asia.

UK fintech firm TransferWise to link up with payments infra in Singapore, HK

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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 mulls alliance with Ola, Uber with new shared mobility platform

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Tata Motors is the first auto maker in India to create a separate division exclusively for shared mobility.

ST Engineering wins $5.5m contract to test smart lamp posts

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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 tells US lawmakers still mulling options on China services

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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.

India: WhatsApp builds system to store payments data in line with RBI norms

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WhatsApp rolled out a test of its payment system in India, its biggest market by users, earlier this year.