Author: Yimie Yong
Alibaba Cloud sees increase in demand from various industries in Malaysia market, says VP [Q&A]
In the interview, Alibaba Cloud Vice President and General Manager of Enterprise Service Cloud William Xiong also shared about how digitization can help carbon neutralisation, insights on the latest development and technology for carbon management, Alibaba’s own approach to carbon reduction, among others.
Malaysia becomes 60th country SpaceX’s Starlink provides high-speed internet service
In a tweet on Tuesday, SpaceX said, "Starlink is now available in Malaysia, marking the 60th country around the world where Starlink can provide high-speed internet connectivity."
Tesla to discuss factory plan for new $24,000 car with India commerce minister – report
The meeting with the commerce minister would be the highest level discussions between Tesla and the India government since June when Tesla founder Elon Musk met India's Prime Minister Narendra Modi and said he intended to make a significant investment in the country, according to Reuters.
Tesla’s entry into Malaysia could lead to structural change in local automotive industry but lack of charging hubs remains a challenge
Electric vehicle maker Tesla’s entry into Malaysia not only impacts the EV space but also encroaches into the traditional internal combustion engine (ICE) vehicle market. Having enough charging points is still the first step for the adoption of EV in Malaysia.
Grab could achieve adjusted EBITDA breakeven in 3Q following layoff exercise, say CGS-CIMB analysts
“Layoff exercise in June leads us to believe Grab can achieve adjusted EBITDA breakeven in 3Q23F (forecast), one quarter ahead of guidance,” CGS-CIMB analysts Ong Khang Chuen and Kenneth Tan wrote in a research note on Thursday.
Sequoia Capital partner Michael Moritz to exit firm after almost four decades – report
Moritz will now focus on Sequoia Heritage.
Malaysia grants licence to Elon Musk’s Starlink to bring Internet services to rural areas
Currently, 97 percent of populated areas in Malaysia have Internet access. However, the remaining 3 percent face challenges due to geographical locations, such as remote rural areas or isolated islands, making network infrastructure development difficult.
Alibaba injects $845M into Southeast Asia unit Lazada- report
Founded in 2012, Lazada Group is one of the leading eCommerce platforms in Southeast Asia. It is available in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
