Yimie Yong

Indonesia is also among the first countries in Southeast Asia to push back against TikTok. Following the Indonesia restrictions, nearby Malaysia also said it is studying the possibility of regulating TikTok and its e-commerce operations.

Carro is also in the midst of securing “triple digit million dollar” financing from banks at around 5 percent annually.

Binance’s Founder and Chief Executive Officer, Changpeng Zhao, a Canadian national, also pleaded guilty to failing to maintain an effective anti-money laundering (AML) program, in violation of the BSA and has resigned as CEO of Binance.

Altman’s departure follows a deliberative review process by the board, which concluded that he was "not consistently candid in his communications with the board", hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI, the statement added.

The competition featured unconventional semi-finals conducted on Singapore River bumboats - a groundbreaking first for the global startup arena.

Meituan has held talks with Delivery Hero about buying Southeast Asian operations that run under the Foodpanda brand, the people said.

Carsome “makes adjustments to its workforce where necessary,” the company said in an emailed response to Bloomberg's questions, declining to comment on specific numbers. “We remain committed to investing in all of our current markets and plan to accelerate profitable growth in 2024.”

Ant Group Digital Technologies announced that its revenue from its international business operation has increased by 300 percent in the past year, with key markets including Malaysia, Indonesia, the Philippines and other emerging economies.

The 2023 edition of Tech4Good focused on the themes of Deep Tech and Green Tech.