China
Alipay+ transactions triple in 2024 as travel industry embraces cross-border digital payment & marketing technology
In the first nine months of 2024, the number of people using Alipay+ payment partner apps while abroad increased by three times, and the number of transactions increased by more than three times.
Indonesia government bans Chinese e-commerce app TEMU – report
The decision to block TEMU was driven by the increasingly massive threats posed by foreign products on domestic MSMEs online and offline.
Maybank partners Bank of Hangzhou to enhance cross border financing, advancing AI, digital innovation
Malayan Banking Berhad (Maybank) has announced on Thursday announced a strategic collaboration with Chinese lender Bank of Hangzhou to enhance cross border financing and advancing artificial intelligence (AI), Digital innovation.
Himalayan Bank collaborates with Ant International to expand Alipay+ acceptance in Nepal
Alipay+ will be accepted at more than 25,000 local merchants, allowing travellers from 10 countries and regions to enjoy a convenient and cashless experience as they travel across Nepal simply by scanning the MOCO Unified QR Code.
Indonesia’s GoTo Group partners Tencent for cloud infrastructure & digital services
As part of the five year partnership, GoTo will leverage Tencent Cloud’s technology and Platform as a Service (PaaS) services to support its comprehensive ecosystem.
Ant-backed TNG Digital eyes Malaysian IPO in next 2-3 years – report
TNG Digital could potentially fetch the valuation of a unicorn (with a valuation of $1 bilion or more) before the potential IPO, the sources added.
Huawei initiates Technology-enabled Open Schools for All Phase II project in Brazil, Egypt, and Thailand
China-based information and communications technology (ICT) firm Huawei has on Wednesday announced the implementation stage of the Technology-enabled Open Schools for All Phase II project in Brazil, Egypt, and Thailand.
Malaysia’s MYEG partners GACC-owned East Logistics to set up National Single Window Trade Platform for ASEAN countries
MYEG announced on Friday an exclusive collaboration with East Logistics Link Co., Ltd., a wholly-owned agency of the General Administration of Customs of the People’s Republic of China (GACC), to develop and operate a National Single Window (NSW) platform for ASEAN countries, including Malaysia.
TikTok’s parent ByteDance eyes $9.5B in record Asia dollar corporate loan – report
According to Bloomberg, proceeds of the deal will be partly used to refinance an existing $5 billion dual-tranche facility the group had raised in 2021.
China’s Zhuhai CosMX invests $230M to build first manufacturing plant in Malaysia
Zhuhai CosMX Battery Co Ltd, a China-based manufacturer of consumer lithium-ion batteries and power lithium-ion batteries, has announced plans to build its first manufacturing plant in Kedah, Malaysia with an investment of MYR 1 billion ($230 million).
