Shares of Alibaba Group were up after the company put forth its plan to break down its empire into six individual companies and announced their listing plans. Alibaba’s Hong Kong-listed shares closed up 14.6% at HK$94.55 (US$12) on Wednesday. Other internet stocks also surged as Meituan grew 4% at HK$140 while Tencent rose 1.53% at […]Continue Reading
Funding to create innovative solutions to revolutionise senior living care
Gobi confident of Care Concierge growth prospects for the Silve Economy Gobi Partners, a Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has onboarded its first portfolio, Care Concierge under its newly established Gobi Dana Impak…Continue Reading
The Asian Economic Outlook and Integration Progress report was published on the first day of the four-day forum in Hainan, touted as Asia’s version of the Davos World Economic Forum. The World Bank said on Monday that an anticipated economic slowdown in China is likely to drag global growth downContinue Reading
The Chinese technology giant will embark on the biggest restructuring in its history.Continue Reading
BlackRock Inc economist Wei Li has a brutal message for Asian policymakers and investors who are betting that the US Federal Reserve is done tightening: Get used to disappointment. “We don’t see rate cuts this year – that’s the old playbook when central banks would rush to rescue the economy as recession hit,” Li argues. […]Continue Reading
Funds will be channeled towards regional expansion
Claimed its customers have benefited from over US$30mil in claims Qoala has completed its Series B+ funding round, raising US$7.5 million (RM33 million).Â
In a statement, the Indonesian based Southeast Asian insurtech said the round led by European investment firm, responsAbility Investments AG, with participation from Appworks…Continue Reading
Daniel Chia and his team are set to join the firm’s longstanding partner law firm, Prolegis, in Singapore.Continue Reading
There is just over a week left to enter the 27th iteration of our flagship awards.Continue Reading
72.2%Â expect to grow in 2023, compared to 54.6%Â last year
Increasing attention on innovation & technology will support long term growth Malaysian small businesses are upbeat about their business and the economy. Meanwhile, young business owners are driving an increasing focus on technology and innovation in their small businesses. These are some of…Continue Reading
Mobile broadband, Cloud computing and Artificial Intelligence are transforming the Global South. The International Monetary Fund wrote this year, “Digital technologies can increase the efficiency of the public and private sectors, expand financial inclusion, improve access to education, and open new markets by allowing companies to serve distant customers.” At the grassroots level of the economy, […]Continue Reading