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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
June 30, 2017
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
June 15, 2017
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
June 01, 2017
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
June 01, 2017
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.
May 08, 2017
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.
March 31, 2017
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
February 21, 2017
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.
January 10, 2017
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
September 23, 2016