Asia

The Hong Kong University of Science and Technology (HKUST), Hong Kong Investment Corporation Limited (HKIC), and Gobi Partners announced Monday the launch of a new strategic fund focused on early-stage start-ups incubated at the University.

Reap Group, a Hong Kong-based fintech company powering digital and blockchain-enabled business account management and embedded solutions for businesses, announced Monday its Singapore entity has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

Helix, a Singapore-based asset tokenization platform incubated by Singapore-based fintech firm Helicap, has entered a strategic partnership with Brazil’s tokenization platform AmFi Finance to launch the first-ever tokenized private-credit initiative connecting Latin America and Asia.

The two fairs have attracted over 3,200 exhibitors from 20 countries and regions. In addition to companies from the Chinese Mainland, Hong Kong, Macao and Taiwan, participants are joining from the Asia-Pacific region, including Australia, India, Japan, Korea and Singapore, and from Europe and North America, including Canada, Denmark, France, Germany, Italy,…

ShopBack, the Singapore-based shopping and rewards platform, has launched ShopBack Pay in Hong Kong, enabling consumers to earn and redeem real Cashback in-store at the point of purchase.

PayPay Corporation, a Softbank-backed electronic payment services firm in Japan, has made an equity investment in Binance Japan Inc.

Hong Kong insurance firm FWD Group Holdings Limited announced Wednesday the inauguration of the FWD AI Lab in Singapore, a strategic move to accelerate innovation in insurance through artificial intelligence (AI) and data science.

Oracle Corporation and SoftBank Corp. are collaborating to provide secure, compliant, and scalable sovereign cloud and artificial intelligence (AI) services to organizations in Japan.

The Hong Kong Electronics Fair (Autumn Edition) and electronicAsia will run concurrently from Oct 13 to 16 at the Hong Kong Convention and Exhibition Center (HKCEC).

Japan-based SoftBank Group Corp. announced Wednesday that it has entered into a definitive agreement with ABB Ltd, a global technology electrification and automation firm, to acquire ABB’s robotics business for a total purchase price of $5.38 billion.