Maybank : concern raised as Temu may turn aggressive in ASEAN amid US challenges
Maybank Investment Bank said Wednesday that the elimination of de minimis exemption by the United States has raised concerns among investors that Chinese e-commerce firm Temu may become aggressive in ASEAN.
The research house said in a statement that if Temu turns aggressive in ASEAN, there could be a strong pushback by Singaporean technology firm Shopee.
"We don’t rule out it may turn…
Maharlika, CP Group to launch $1B private equity fund for agri-food, digital, and green energy in the Philippines
The Philippines’ sovereign wealth fund Maharlika Investment Corporation (MIC) and Thai conglomerate Charoen Pokphand Group Co., Ltd. (CP Group) are launching $1 billion private equity fund for agri-food, digital, and green energy in the Philippines.
MIC said in a statement on last Saturday that the duo have formalized their strategic partnership at Malacañang Palace, inking a Memorandum of…
MUFG’s JACCS takes 49% stake in Carsome Capital to boost auto financing
Carsome Group, Southeast Asia’s (SEA) largest integrated car e-commerce platform, and JACCS Co., Ltd., a Japan-based consumer credit service firm of the Mitsubishi UFJ Financial Group (MUFG), have announced a strategic partnership via Carsome Capital Sdn. Bhd., the financing arm of Carsome.
Carsome said in a statement on last Thursday that as part of this strategic partnership, JACCS will…
CLPS Incorporation Announces the Launch of Nibot RPA Product, Expanding Automation Services into the Global Market
HONG KONG, Feb. 7, 2025 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced the launch of Nibot, a new generation of Robotic Process Automation (RPA) product developed by its wholly owned subsidiary, CLPS Technology (Singapore) Pte. Ltd. This powerful and cost-effective solution offers broad applicability and will primarily target international market and…
CGTN: China’s booming ice and snow industry fuels its economic growth
BEIJING, Feb. 7, 2025 /PRNewswire/ -- Harbin, capital of northeast China's Heilongjiang Province, exemplifies the country's thriving ice and snow economy.
During the eight-day 2025 Spring Festival holiday from January 28 to February 4, the city has seen booming snow tourism. As an ice-themed park known for its dazzling ice sculptures, Harbin Ice-Snow World attracted over 610,000 visits. In…
China’s great leap forward from assembly lines to algorithms
It has become fashionable among Western commentators to predict the decline of China’s economic “miracle.” Slowing growth, a troubled real estate sector, and demographic shifts are regularly cited as evidence of malaise. Tensions with the United States - especially under the past two administrations - have further fueled this narrative.
Yet the picture is far more nuanced. Under President…
Endeavor Malaysia appoints Shan Li Tay as new Managing Director
Endeavor Malaysia, a global community for high-impact entrepreneurs, has announced the appointment of Shan Li as its new Managing Director.
With an extensive background in corporate leadership, entrepreneurship, and strategic growth, Shan Li brings a dynamic blend of experience that will drive Endeavor Malaysia’s mission to empower high-impact entrepreneurs and foster a vibrant entrepreneurial…
Innovation in alternative credit data & AI credit scoring is a double-edged sword for borrowers
Dynamic pricing has been a controversial practice as it raises ethical questions about fairness and transparency.
Instead of prices fluctuating due to supply and demand, e-commerce and hotel booking websites have been subjected to scrutiny; prices may vary based on a user's browsing behavior, location, and potentially their perceived willingness to pay, and different users are charged…
SurplusGLOBAL Launches AI-Powered Global Platform ‘SemiMarket’ to Drive Innovation in the Legacy Semiconductor Ecosystem
SEOUL, South Korea, Feb. 4, 2025 /PRNewswire/ -- Growing Challenges in the Legacy Semiconductor Equipment and Parts Supply Chain
SurplusGLOBAL Launches AI-Powered Global Platform ‘SemiMarket’ to Drive Innovation in the Legacy Semiconductor Ecosystem
The supply chain issues within the legacy semiconductor ecosystem are becoming increasingly severe. As semiconductor equipment manufacturers…
Odoo Introduces Shopee Connector to Support Omnichannel Commerce in Asia
HONG KONG, Feb. 3, 2025 /PRNewswire/ -- Business management and ERP software Odoo introduces the official Shopee Connector to its users in Asia. This Odoo-Shopee API connection supports marketplace e-commerce by synchronizing and managing Shopee orders on Odoo.
Centralized omnichannel sales management
This connection taps Odoo's 6 million users in APAC into another major revenue stream with ease,…