Malaysia

Amazon Data Services Malaysia, a subsidiary of U.S.-based Amazon, will buy a plot of land in Malaysia's Selangor state to build a data center, paying MYR316.84 million ($75 million) in cash to local property developer Sunsuria.

Startups demonstrate stronger profitability, global reach and adoption of AI and data-driven technologies.

Malaysia's Cashku, a digital wealth platform, has partnered with fund manager Kenanga Investors to offer a selection of investment funds with no sales charge and a minimum investment of MYR10 ($2.40)

Anuar Fariz Fadzil, CEO of Malaysia's state agency Malaysia Digital Economy Corporation (MDEC), will step down when his two-year contract ends on October 2, after a tenure of drawing MYR180 billion ($44 billion) in digital investment.

Paydibs CEO Tee Kean Kang discusses sales-linked merchant financing, transaction data in credit assessment, affordability and how embedded finance could change SME access to working capital in Malaysia.

Skyro has obtained a Malaysian moneylending licence and plans to launch cash loans, making Malaysia its second Southeast Asian market after the Philippines.

TROOPS, a Hong Kong money-lending and property group listed on Nasdaq, will commit $12 million to launch a business unit building AI computing infrastructure in Southeast Asia.

Alibaba Cloud plans first cloud regions in Türkiye, Finland, and the Netherlands, while expanding data-center capacity in Malaysia, Hong Kong, Germany, France, and the UAE.

Malaysia-based pre-owned electronics platform 3cat has raised a $4 million Series A led by Foxmont Capital Partners, with participation from the Asian Development Bank and Golden Gate Ventures, as it prepares to enter the Philippines.

Tencent Cloud, the cloud unit of Chinese technology giant Tencent, and Malaysian fintech firm Boost will cooperate on cloud infrastructure, artificial intelligence (AI), and super-app development across Malaysia and Indonesia.