China

Chinese fintech firm Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, have launched in Beijing a nation-wide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.

GDS, a developer and operator of high-performance data centers in Asia, and Gaw Capital Partners, a private equity fund management firm, have on Tuesday announced a strategic partnership to build a 40 megawatts (MW) data center campus in Tokyo, Japan.

The partnership covers various areas, exploring to integrate more payment methods and providing acquiring services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and to cooperate in enhancing access to sustainable finance while transitioning to a low carbon economy for the Micro, Small & Medium…

Singapore-based luxury art collectables XM Studios has on Wednesday announced a strategic brand alliance with China-based art collectibles IMMORTALS, signifying a pivotal moment for both entities in their pursuit of expansion and innovation within the collectibles industry.

Over 200 LPs, including more than 150 family offices from across 30 countries, set to attend, aiming for collaboration with international partners.

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.

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.

The two-day summit is one of the key commemorative initiatives for the 50th anniversary of diplomatic relations between China and 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.

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).