China

Four Chinese EV makers ready to start production in Indonesia – report

The four EV producers have also expressed their readiness to follow the regulations in Indonesia, including complying with the 40 percent domestic component level rule.

GoTo struck TikTok deal to stop market share slide, CEO says – report

TikTok Shop more than doubled its market share to 11 percent this year, Walujo said on a conference call with investors on Thursday. GoTo’s share of the pie shrank to 23 percent from 28 percent over that span, he was quote as saying.

Animoca Brands and T&B Media Global partner to expand ecosystem capabilities in Web3 space

Hong Kong-based gaming company Animoca Brands and Thailand-based Intellectual Property (IP) company for entertainment technologies T&B Media Global (T&B) have announced a partnership to expand ecosystem capabilities in Web3 space.

China’s Tik Tok to invest $1.5B in Indonesia’s GoTo

Chinese entertainment platform Tik Tok will invest $1.5 billion in Indonesia's largest digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo Group). As part of the agreement, Tokopedia and TikTok Shop Indonesia’s businesses will be combined under the existing PT Tokopedia entity in which TikTok will take a controlling stake.

Zetrix and Beitou launch digital ID and driver’s license services on blockchain

Zetrix, a layer 1 public blockchain platform of Malaysia-based MY E.G. Services Bhd, has on last Saturday announced the launch of its groundbreaking Digital Credentials platform, ushering in a new era of secure, convenient, and interoperable credentials verification.

Singapore and China enhance digital finance and capital markets cooperation

The Monetary Authority of Singapore (MAS) has on Thursday announced new digital finance and capital markets initiatives to expand its financial cooperation with China. The initiatives are cross-border E-CNY pilot between China and Singapore, and launch of the exchange traded funds (ETF) product link between the Singapore Exchange (SGX) and Shanghai Stock…

Insurers, insurance asset managers expect a wave of M&A activity to hit Singapore and Hong Kong in 2024, says Clearwater Analytics

Insurers and insurance asset managers are expecting a wave of merger and acquisition (M&A) activity to hit Singapore and Hong Kong in 2024, as the region echoes the wider global industry trend towards consolidation, Clearwater Analytics said Tuesday.

Malaysia’s TNB unveils vision for sustainable energy future and collaboration

Malaysia's utility firm Tenaga Nasional Berhad (TNB) said Wednesday that it has solidified its pledge to spearhead Malaysia's energy transition by championing transformative renewable energy projects.

EV maker Lotus Technology secures $870M private investment

Lotus Technology, a global luxury electric vehicle maker of British sports car firm Lotus Group, which is owned jointly by Chinese automaker Geely and Malaysia's Etika Automotive, has secured additional financing ahead of the completion of its planned business combination with L Catterton Asia Acquisition Corp (LCAA). The firm has signed agreements for a…

Fast-fashion giant Shein applies to go public in US – report

Shein's confidential US IPO filing was first reported by China's Shanghai Securities Journal last week. The Wall Street Journal earlier on Monday confirmed the report citing sources, the report added.