Tencent Holdings

Fintech

Jack Ma’s shadow looms large for banks across Southeast Asia

SINGAPORE/SHANGHAI (June 30): Over the past two months, some 1,000 part-time workers for DBS Group Holdings Ltd. have fanned out across Singapore’s famed food courts, trying to entice mom-and-pop hawkers to use the bank’s digital payments service, ca

Tech

Canadian AI firm raises US$102 mil in Series A funding, to open Singapore office in 2H

SINGAPORE (June 15): Element AI, a Montreal-based artificial intelligence (AI) company, has raised US$102 million ($140.6 million) and says it will open a Singapore office during 2H17 to serve as a Southeast Asia hub, as part of its resultant expansion in
China gaming - image from Bloomberg

China is now the gamer capital of the world

LONDON (June 1): Revenue from computer games exceeded US$100 billion ($138 billion) globally in a single year for the first time, while China has overtaken the US as the "gamer capital of the world" in terms of market size, according to a report p

China Focus

China's road to world tech domination begins in Southeast Asia

(June 1): Isaac Ho and several investors were watching a pitch from a cancer-detection startup in Singapore when one of the Chinese billionaires present got up and  – without a word – scrawled “Speed x Market Share” in Chinese characters on a wh

Startups, Entrepreneurs, Digital economy

Garena rebrands as Sea after raising US$550 mil in new funding

(May 8): Garena has rebranded as Sea after Southeast Asia’s most valuable startup secured US$550 million ($772 million) in funds to step up a battle with Chinese e-commerce giant Alibaba and other players in Indonesia.

Global Markets

The cost of a Tesla is about to rocket in Hong Kong

HONG KONG (March 31): Calvin Zhang was getting tired of his Maserati. The Italian sports car spent too much time with the mechanic and guzzled too much gasoline.

China Focus

China's millennials are hustling for part-time gigs instead of traditional jobs

BEIJING (Feb 21): With a fur-lined jacket and a Miu Miu shoulder bag, Zhang Chen isn’t your traditional Chinese migrant worker. She huddles with about 40 others in the frosty, polluted air of North Beijing, waiting to apply for a two-day job guiding v

Global stocks

Are Wechat mini programs the ultimate App killer?

SINGAPORE (Jan 10): HSBC Global Research is maintaining its “buy” on Tencent Holdings (700 HK) with a target price of HK$245 ($45.30) after its cross-platform instant messaging service Wechat launched its "mini programs" on Monday.

In print this week

All eyes on China, the crux of world growth

SINGAPORE (Sept 23): Once a manufacturing powerhouse for low-quality goods, Shanghai is fast embracing a new norm in which fast-food bills and taxi fares are settled with a mere tap of the mobile phone, and everything from the week’s groceries to the la
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