Author: Yimie Yong

The report also said it is the largest fundraising by a privately-owned VC firm in China in the past year, marking the ongoing influence commanded by its founder Neil Shen, often considered the country’s most powerful tech investor.

The government panel had earlier held back approval due to concerns about the 9.88 percent stake in Paytm held by China's Ant Group. India has intensified scrutiny of Chinese businesses since a 2020 border clash between the two countries, the report said.

“We identify Malaysia and Indonesia as prime beneficiaries of the spur in data center investment due to their location advantage, which makes them the ideal gateway for international connectivity,” the strategy note wrote.

In May, it was reported that BYD plans to build an automotive assembly plant in Indonesia’s West Java, with groundbreaking scheduled for July.

Hyundai Motor Group and LG Energy Solution opened a $1.1 billion battery cell plant in Indonesia.

In the interview, Dr Lim also shared his views on how advanced AI tools can help professionals in the health and wellness industries, the company’s goals, vision and mission, its business model, among others.

Founded in 2013 and incorporated in the US in 2018, inDrive is available in over 749 cities across 46 countries today, information from its website showed.

The central banks of India, Malaysia, Thailand, Singapore and the Philippines are working together to start an instant cross-border retail payments platform.

In response to the cyberattack, Indonesia's state auditor said the president instructed it to examine the country's data centers.

The panelists shared their views on the most promising sectors in Southeast Asia, the future development of the tech ecosystem, among others. These investors also shared their views on several issues related to the tech ecosystem in Southeast Asia from a foreign investor's and a regional investor's point of view.