China
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.
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.
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.”
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.
Zetrix partners Web3Labs and Summer Capital to accelerate Hong Kong’s Web3 roadmap initiatives
Zetrix, a layer-1 public blockchain platform owned by MY E.G. Services Berhad (MYEG), Web3Labs Hong Kong, a Web3 development and investment powerhouse, and venture capital firm Summer Capital, have on Monday announced a strategic collaboration to propel Hong Kong's Web3 ambitions and establish Zetrix as the preferred blockchain infrastructure for Hong Kong…
A closer look at Warren Buffett-backed Chinese EV giant BYD’s plan in Malaysia
Besides BYD, several Chinese car makers such as Great Wall Motor, SAIC Motor and Geely have been expanding their footprint in Southeast Asia.
Malaysia’s Warisan TC inks deal with China’s GAC AION to distribute EV in Malaysia
Malaysian passenger car rental firm Warisan TC Holdings Berhad (WTCH) has inked a deal with Chinese electric vehicles (EVs) manufacturer GAC AION New Energy Automobile Company Limited (GAC AION) to distribute EVs in Malaysia.
OneDegree strengthens leadership team with two key appointments
OneDegree Group, a Hong Kong-based insurtech, has made two key appointments on January 1, 2024. Michelle Ip has been appointed Chief Executive officer of OneDegree Global, the group’s technology arm. Meanwhile, Robin Scott has been named General Manager of OneDegree Middle East, the newly established division facilitating the group’s strategic expansion…
Alibaba’s Southeast Asian arm Lazada marks new year with layoffs in Singapore – report
Junior and senior employees from multiple departments, including the commercial and marketing teams, were affected.
Chinese logistics services provider BEST to open its sorting center in Malaysia in 2024
China-based supply chain and logistics services provider BEST Inc said that its largest sorting center in Southeast Asia, which is located in Selangor, the most developed state in Malaysia, is slated to open in 2024. In addition to build a 220,000-square-meter facility in Malaysia, the company aims to connect Thailand, Vietnam, Singapore and Malaysia in its…
