IDC projects Southeast Asia’s ecommerce market to reach $325B by 2028

Southeast Asia’s ecommerce market is projected to reach $325 billion by 2028, fueled by the rapid adoption of digital payments and regional interoperability, unlocking more opportunities in cross-border commerce for businesses, the International Data Corporation (IDC) said Tuesday. The firm said in its latest InfoBrief commissioned by global payments platform 2C2P and Antom that by 2028,…

Choco Up partners Wonder Capital to launch $50M fund for APAC SMEs

Choco Up, an Asia-based growth financing platform, has entered into a strategic partnership with Wonder Capital Group Limited, a Hong Kong-based independent investment management firm, to begin a series of private credit funds projected to raise $50 million, to fund Asia Pacific (APAC) small and medium-sized enterprises (SMEs). The duo said in a statement on Tuesday that this partnership…

Huawei Calls to Expand Open Innovation and Collaboration to Prevent New Digital Divide

BARCELONA, Spain, March 10, 2025 /PRNewswire/ -- At the Huawei ICT Sustainability Roundtable held at MWC Barcelona 2025, Huawei called on policymakers and Information and Communication Technology (ICT) industry stakeholders to expand open innovation and collaboration to ensure that a new digital divide does not emerge due to rapid advances in AI over the past few years. Global experts and…

Global Times: Up Close: President Xi takes part in deliberation of Jiangsu delegation

BEIJING, March 8, 2025 /PRNewswire/ -- Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, took part in a deliberation with fellow lawmakers from Jiangsu during the third session of the 14th National People's Congress (NPC) in Beijing, on March 5, 2025. This marks the third consecutive year that Xi…

XJTLU team sets code-breaking record for testing post-quantum online security

SUZHOU, China, March 7, 2025 /PRNewswire/ -- On 4 March, a research team led by Professor Jintai Ding, Dean of the School of Mathematics and Physics at Xi'an Jiaotong-Liverpool University (XJTLU), set a new code-breaking world record for the Lattice Shortest Vector Problem (SVP) in the International Open Darmstadt SVP Challenge. This marks a significant achievement in strengthening cybersecurity…

XJTLU team sets code-breaking record for testing post-quantum online security

Maybank sees Sea as top pick within ASEAN internet

Maybank Investment Bank said Friday that it sees Singapore technology firm Sea as its top pick within ASEAN internet sector. Following a stellar fourth quarter of 2024 delivery and strong 2025 guidance, the research house raised Sea adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 2 percent to 3 percent. "We see the company benefits from…

Synagistics Announces Launch of ‘Geene’ – A Revolutionary AI Platform Combining DeepSeek & Other Leading AI Models On Blockchain

A Breakthrough in AI - Geene converges Generative AI, Blockchain, and Big Data to provide a secure, efficient, and trusted AI ecosystem Proprietary AI engine integrates DeepSeek, ChatGPT, Qwen and dynamically routes queries to the most efficient model for optimized results and cost savings Launch of Geene-R1, a secured & trusted version of DeepSeek-R1 hosted in Singapore that is compliant…

Synagistics Announces Launch of ‘Geene’ – A Revolutionary AI Platform Combining DeepSeek & Other Leading AI Models On Blockchain

Dingdong Announces US$20.0 Million Share Repurchase Program

SHANGHAI, March 6, 2025 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), leading fresh grocery e-commerce company in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$20.0 million of its shares over a period until March 5, 2026. The Company's proposed repurchases may be…