Yimie Yong

Indonesia has announced a joint venture with China’s Contemporary Amperex Technology Co Ltd (CATL) to invest $1.2 billion in battery production.

The Malaysian Investment Development Board has approved 12 data center investment projects that include data center activities, cloud computing and data hosting with an investment of MYR90.2 billion ($20.9 billion) over the period from 2021 to June 30, 2024, national news agency Bernama reported. The Ministry of Investment, Trade and Industry announced that…

Vietnam’s largest private conglomerate Vingroup is said to be working towards selling its stakes in AI firms VinBrain and VinAI to global tech companies, Singapore-based media The Business Times reported on Wednesday, quoting three sources.

China and Southeast Asia led the growth among core regional markets for WorldFirst, which also include the UK, Europe, and Australia.

Yuno earlier this year raised a $25 million Series A round from investors including Andreessen Horowitz, Tiger Global, DST Global Partners, Kaszek Ventures, and Monashees, to fuel its ambitious expansion plans across Asia, Europe, the Middle East, and Africa.

Temu is operated by PDD Holdings, the parent company of the well-known Chinese retailer Pinduoduo.

This expansion allows Malaysian investors to access some of the world’s most vibrant financial markets, at a time when Asia continues to solidify its position as a key driver of global economic growth.

The Asia-Pacific data center market is also projected to experience significant growth. The market size is estimated at 14.27 thousand MW in 2024 and is expected to reach 23.2 thousand MW by 2029, growing at a CAGR of 10.21 percent.

The Malaysian car market, which is traditionally dominated by petrol vehicles, is now witnessing a gradual shift in interest towards EVs – with 25 percent of Malaysians being interested in buying an EV, driven by rising fuel costs and environmental considerations.

The MPI license will enable Aspire to expand this suite of services, offering even more comprehensive and secure financial solutions to its rapidly growing customer base of over 50,000+ companies worldwide.