Malaysia
Hong Kong’s fintech TROOPS to commit $12M to new Southeast Asia AI-infrastructure unit
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 to open new regions in Europe, expand capacity in Malaysia and Hong Kong
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’s 3cat raises $4M Series A for Philippines expansion
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.
China’s Tencent Cloud, Malaysia’s fintech Boost to cooperate in cloud, AI, super-app
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.
Zeekr Malaysia EV brand launches ‘One Zeekr’ owner community program
Zeekr Malaysia, the local arm of China's premium EV brand Geely, has launched an owner-community program One Zeekr, offering lifestyle events, gatherings, and charitable activities to its car buyers.
Southeast Asia leads SAS trustworthy AI index, but ROI and audit rates slip
A SAS and IDC study finds stronger trustworthy-AI scores across Singapore, Malaysia and Thailand, even as reported ROI and regular audit rates decline.
China’s Tencent Cloud, Malaysia’s U Mobile to cooperate in enterprise 5G, AI
Tencent Cloud, the cloud unit of Chinese technology giant Tencent, and Malaysia's U Mobile will jointly develop 5G and AI solutions for businesses in Malaysia, the companies said.
Malaysia’s GXBank, World Bank’s IFC to unlock $110M MSME financing in risk-sharing deal
Malaysia's digital bank GX Bank Berhad (GXBank) and the International Finance Corporation (IFC), a member of the World Bank Group, will jointly provide loan portfolio of up to $110 million to micro, small, and medium enterprises (MSMEs).
Grafilab bets on sovereign AI to take Malaysia’s Neo Cloud ambitions beyond its borders [interview]
Malaysia’s first local Neo Cloud startup Grafilab sees data sovereignty, affordable AI compute and close ties to the developer community as potential advantages in a market dominated by heavily funded global players.
Belgium’s insurer Ageas completes $1.3B sale of Maybank insurance stake, exiting 25-year venture
Belgium's insurer Ageas has completed the sale of its 30.95 percent stake in Maybank Ageas Holdings, the Malaysian parent of insurer Etiqa, to its partner Maybank for about €1.1B billion ($1.3 billion), ending a 25-year joint venture.
