By Chanyaporn Chanjaroen
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.
Didi says it wants to establish “open platforms” whereby it could share its customer and operational skills with automakers or parts suppliers.
Canva seeks to challenge PowerPoint’s traditional presentation software by letting meeting participants interact.
Chinese investors have been pouring billions of dollars in developing or acquiring overseas technologies as the electric, autonomous and shareable-vehicle concepts disrupt the industry.
The tremendous scope for growth in fintech and retail banking sector in Vietnam is primarily driven by the demographics.