China

Indonesian state-owned fund Danantara has partnered with GEM, the China-based green metallurgy and circular economy solutions firm, to develop a $1.42 billion high-pressure acid leaching (HPAL) smelter facility in Indonesia.

Malaysian property firm Chin Hin Group has entered into a strategic customer cooperation agreement with Kingdee International Software Group, a provider of digital management solutions listed on Hong Kong, to boost artificial intelligence (AI) and accelerate regional growth.

Chinese technology company ZTE Corporation announced Thursday the signing of a memorandum of understanding (MoU) with Multimedia University (MMU) to collaborate on talent development initiatives in the fields of 5G, artificial intelligence (AI) and digital transformation.

Payments Network Malaysia Sdn Bhd (PayNet), Malaysia’s national payments network, and Ant International, a Chinese global digital payment, digitization and financial technology provider, have expanded their partnership with a new memorandum of understanding (MoU).

SUNRATE, the Singapore-based payment and treasury management platform, announced last Friday that it has secured a payment business license in China following its successful acquisition of a 100 percent stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group.

WeRide, a China-based autonomous driving technology firm, announced last Friday that Grab, Southeast Asia’s leading superapp, has committed to a strategic equity investment in WeRide.

Malaysia-based Zetrix AI Berhad, formerly known as MY E.G. Services Berhad, has signed a teaming agreement for the establishment of the ASEAN China AI Lab in Indonesia, making it the second such center after the opening of the government to government (G2G) endorsed project’s flagship in Malaysia earlier this year.

Chinese battery manufacturer Hunan Yuneng New Energy Battery Material Co., Ltd. has officially committed to establishing its first Southeast Asian manufacturing facility in Malaysia.

Standard Chartered and Alibaba Group Holding Limited have entered into a strategic partnership, utilizing Alibaba Cloud’s AI technologies to accelerate the pace at which the financial services sector embraces artificial intelligence (AI).

All grand finalists were also crowned as “HNSE STARs” (Hainan Southeast Tech AI Rising Stars) to recognize their hard work and groundbreaking ideas.