China
Chinese EV maker XPeng appoints Bermaz Auto Bhd as official distributor in Malaysia
XPeng's move to enter the Malaysian market also came as competition in China's EV market intensified. EV companies race to cut prices, with market leader BYD spearheading a deeper round of price reductions.
March 18, 2024
Ant raises mobile payment services transaction limits for overseas visitors on Alipay, international e-wallets in China
In response to China's new policies to facilitate international visits, Chinese fintech firm Ant Group is raising single-transaction limit for international travellers using its cross-border payment services from $1000 to $5000; and annual cumulative transaction limit up from $10,000 to $50,000.
March 8, 2024
China,Partner Event,Events,Malaysia
2nd China-Malaysia Science & Technology Innovation Summit opens in Kuala Lumpur
The two-day summit is one of the key commemorative initiatives for the 50th anniversary of diplomatic relations between China and Malaysia.
March 7, 2024
Zhejiang Sinopont Technology sets up first manufacturing facility outside China in Malaysia
China-based manufacturer of solar encapsulant film, Zhejiang Sinopont Technology Co., Ltd. has established its first manufacturing facility outside China in Ipoh, Perak on Tuesday.
March 5, 2024
China,Sustainability,News,Malaysia
China’s GDS inks renewable energy agreement with Malaysia’s Cenergi
GDS, a China-based developer and operator of high-performance data centers, has reinforced its commitment to sustainability by establishing a 21-year renewable energy virtual power purchase agreement (VPPA) with Malaysia’s solar power producer and diversified renewable energy developer, Cenergi SEA Berhad (Cenergi).
February 29, 2024
Fast-fashion firm Shein considers London IPO – report
Shein is said to be in the early stages of exploring the London option as the company has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the report added.
February 27, 2024
China,Indonesia,News,eCommerce
TikTok still violates Indonesian in-app transactions ban, says minister – report
Teten Masduki, the Indonesian minister for small and medium enterprises (SMEs), told reporters that TikTok still had not complied with the regulation.
February 20, 2024
China,Electric Vehicles & Mobility,News,Asia
Rystad Energy sees EV market is on track for a watershed year in 2024
The electric vehicle (EV) market is on track for a watershed year in 2024 as emissions reduction targets clash with falling consumer spending amid enduring economic uncertainty, Rystad Energy said Wednesday. Rystad Energy research forecasts 17.5 million EV sales this year, an 18.5 percent annual increase.
February 8, 2024
Foodpanda’s parent Delivery Hero denies sale talks have collapsed – report
“There are market rumours that the negotiations for the potential sale have collapsed,” Deliver Hero said in a statement, according to the report. “We confirm that the negotiations for the potential sale are ongoing.”
February 5, 2024
Hong Kong’s FundPark upsizes landmark financing deal of up to $500M from Goldman Sachs
FundPark, a Hong Kong-based fintech company, has announced the closing of a landmark asset-backed securitization facility of up to $500 million. Goldman Sachs acted as the arranger and senior lender.
January 22, 2024