APAC

Grab Shares Dip as Singapore Launches Review of Ride-Hailing Regulations
Grab Shares Dip as Singapore Launches Review of Ride-Hailing Regulations
September 13, 2023  |  Ridesharing

The Land Transport Authority (LTA) of Singapore announced it will review the ride-hailing and taxi industries, causing shares of Southeast Asian super provider Grab to...

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Alibaba CEO Says AI and User Experience Are Top Priorities
Alibaba CEO Says AI and User Experience Are Top Priorities
September 12, 2023  |  Artificial Intelligence

Alibaba Group’s new CEO, Eddie Wu, has reportedly elevated artificial intelligence (AI) and user experience to be the company’s top priorities moving forward. As Alibaba...

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KKR Boosts Investment in Reliance Retail Ventures Limited
KKR Boosts Investment in Reliance Retail Ventures Limited
September 11, 2023  |  Investments

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, has received a new investment from global investment firm KKR. Through an affiliate, KKR will invest 2,069.50 crore...

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Report: TikTok’s Shop Raises Concerns Over Authenticity and Data Privacy
Report: TikTok’s Shop Raises Concerns Over Authenticity and Data Privacy
September 08, 2023  |  Social Commerce

TikTok’s new Shop marketplace, which has launched to some users in the United States, has reportedly raised concerns about product authenticity and data privacy. The early version...

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ByteDance and Baidu Release AI Chatbots to Public After Regulatory Approval
ByteDance and Baidu Release AI Chatbots to Public After Regulatory Approval
August 31, 2023  |  Artificial Intelligence

China has reportedly given regulatory approval for some tech companies to release their artificial intelligence (AI) chatbots to the public. Among the companies that did...

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Nuvei and Mastercard Team on Instant Payouts for APAC Traders
Nuvei and Mastercard Team on Instant Payouts for APAC Traders
August 28, 2023  |  Faster Payments

Nuvei says it wants to help Asia-Pacific (APAC) region traders and investors get paid faster. The Canadian payments company announced Monday (Aug. 28) that it has teamed with Mastercard...

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Singapore’s Grab Looks to ‘Affordability Initiatives’ to Cement Super App Status
Singapore’s Grab Looks to ‘Affordability Initiatives’ to Cement Super App Status
August 23, 2023  |  Mobile Applications

Southeast Asian super app provider Grab remains optimistic on longer-term growth prospects, company executives said on a Wednesday (Aug. 23) second-quarter 2023 earnings call, highlighting how...

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Thailand’s KBank Weighs $1 Billion Acquisition of Home Credit Vietnam
Thailand’s KBank Weighs $1 Billion Acquisition of Home Credit Vietnam
August 22, 2023  |  Acquisitions

Thai bank Kasikornbank is reportedly in talks to purchase consumer finance company Home Credit Vietnam. That’s according to a report by Reuters, citing two sources who say the...

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Chinese eCommerce Giants Embrace Lower-Priced Goods
Chinese eCommerce Giants Embrace Lower-Priced Goods
August 21, 2023  |  eCommerce

Consumers in China have started trading down, and the country’s eCommerce giants are acting accordingly. Companies like Alibaba and JD.com have launched campaigns to promote lower-priced items, The Wall Street...

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