China
Malaysia’s MYEG partners GACC-owned East Logistics to set up National Single Window Trade Platform for ASEAN countries
MYEG announced on Friday an exclusive collaboration with East Logistics Link Co., Ltd., a wholly-owned agency of the General Administration of Customs of the People’s Republic of China (GACC), to develop and operate a National Single Window (NSW) platform for ASEAN countries, including Malaysia.
TikTok’s parent ByteDance eyes $9.5B in record Asia dollar corporate loan – report
According to Bloomberg, proceeds of the deal will be partly used to refinance an existing $5 billion dual-tranche facility the group had raised in 2021.
China’s Zhuhai CosMX invests $230M to build first manufacturing plant in Malaysia
Zhuhai CosMX Battery Co Ltd, a China-based manufacturer of consumer lithium-ion batteries and power lithium-ion batteries, has announced plans to build its first manufacturing plant in Kedah, Malaysia with an investment of MYR 1 billion ($230 million).
Shenzhen-based PAM2L Biotechnologies plans new round of funding to expand capabilities
PAM2L Biotechnologies is one of the finalists of Fund At First Pitch at BEYOND Expo 2024.
China’s Rigol sets up $23M manufacturing facility, R&D center in Malaysia
Rigol Technologies Co., Ltd., a China-based company specializing in design, development, production, and sales of electronic test and measurement instruments, has set up a manufacturing facility and research and development (R&D) center in Malaysia, with a total investment of over MYR 100 million ($23.14 million).
J&T Express achieves positive net profit in first half
J&T Global Express Limited (J&T Express), an Indonesia-based logistics service provider, said Tuesday it has turned to net profit in the first half of 2024. In the first half of 2024, all of its profit metrics swung to positive.
Alibaba Cloud Collaborates with Shiseido China on AI-driven DRUNKGPT
Alibaba Cloud said Monday its proprietary large language model Qwen has been deployed to the applicationof Shiseido’s Drunk Elephant’s new DRUNKGPT technology for enhanced customer interaction in China, responding to customer inquiries from product recommendations to skincare tips with more nuanced and personalized responses.
Maxis and Huawei team up on 5G-advanced Joint Innovation Center in Malaysia
Maxis, a Malaysia-based telecommunication firm, and Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia), a subsidiary of Chinese multinational digital communications technology conglomerate Huawei, have on Tuesday announced a strategic collaboration on a Joint Innovation Center in Malaysia.
Alibaba Cloud elevates Paris 2024’s games viewing experience with cloud technologies
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has harnessed the power of its cloud technologies to drive multiple initiatives throughout the Olympic Games Paris 2024 (Paris 2024).
WeChat Pay Malaysia to discontinue e-wallet service
Chinese payment firm WeChat Pay will discontinue its e-wallet service in Malaysia from September 1, 2024 due to business strategy adjustment.
