China
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.
Ant Group Digital Technologies Accelerates for Going Global
At the TrustBridge Forum held on Nov 15, Ant Group Digital Technologies, a business unit under Ant Group, has revealed its latest updates in the international market.
TikTok mulls investing in Indonesia’s GoTo to revive online shop – report
Indonesia is also among the first countries in Southeast Asia to push back against TikTok. Following the Indonesia restrictions, nearby Malaysia also said it is studying the possibility of regulating TikTok and its e-commerce operations.
Binance pleads guilty to US money laundering violations, CEO Changpeng Zhao steps down
Binance’s Founder and Chief Executive Officer, Changpeng Zhao, a Canadian national, also pleaded guilty to failing to maintain an effective anti-money laundering (AML) program, in violation of the BSA and has resigned as CEO of Binance.
China’s Meituan explores deal for Delivery Hero’s Southeast Asia arm Foodpanda – report
Meituan has held talks with Delivery Hero about buying Southeast Asian operations that run under the Foodpanda brand, the people said.
Ant Group Digital Technologies says its international business operation increases 300% in the past year
Ant Group Digital Technologies announced that its revenue from its international business operation has increased by 300 percent in the past year, with key markets including Malaysia, Indonesia, the Philippines and other emerging economies.
