China

Favorable regulations, local brands and penetration of Chinese carmakers will drive electric vehicle (EV) sales higher in ASEAN, Maybank Investment Bank said Thursday.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has on Thursday announced a series of new initiatives to boost artificial intelligence (AI) adoption and advance Malaysia's digital transformation.

Indonesian largest digital ecosystem GoTo Group has on Monday announced that it is enhancing its partnership with TikTok by providing a “Buy Now, Pay Later” (BNPL) product, GoPay Later, on TikTok’s ShopTokopedia.

China-listed artificial intelligence company iFLYTEK plans to HK$400 million ($51.23 million) in Hong Kong over the next five years.

XTransfer, China-based business to business (B2B) cross-border trade payment platform, announced Tuesday that it has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a major payment institution license (MPI).

Since its founding in 2020, the watch company has garnered about $13.6 million from backers such as Alibaba Entrepreneurs Fund, Gobi Partners GBA, and K3 Venture

ZTrade, a Web 3 platform operated on MY E.G. Services Bhd (MYEG)'s blockchain platform Zetrix that facilitates the cross-border trading of goods with China, is expanding its scope of coverage to encompass the digital verification of certificates of origin (COOs) issued by the General Administration of Customs of the People's Republic of China (GACC).

Prenetics, a United States-listed health sciences company, has announced that former international footballer, entrepreneur and philanthropist David Beckham has become a strategic investor in the business.

The report also said it is the largest fundraising by a privately-owned VC firm in China in the past year, marking the ongoing influence commanded by its founder Neil Shen, often considered the country’s most powerful tech investor.

The government panel had earlier held back approval due to concerns about the 9.88 percent stake in Paytm held by China's Ant Group. India has intensified scrutiny of Chinese businesses since a 2020 border clash between the two countries, the report said.