Chinese bitcoin mining machine manufacturer Ebang files for US IPO
The company has set a placeholder amount of $100 mn...
Tag : Southeast Asia
Singapore’s Insurtech Axinan raises funding, rebrands as Igloo
InVent, Openspace Ventures, Linear Capital, Singtel Innov8, Cathay Innovation, and Partech Partners participated in the funding round...
Trade between China and Africa drops by 14% during Q1 2020
Chinese exports to African nations decreased by 10.5% due to the coronavirus pandemic...
Exxon begins development of $10 bn petrochemical complex in China
The complex will produce 1.6 mn tonnes of ethylene annually once operations commence...
Thai Airways awaits bailout package; nearing bankruptcy
The carrier has requested for a ฿70 billion bailout package from the Thai government...
Alibaba to invest $28 bn in cloud computing in the next three years
The decision is influenced by the growing demand for services such as video conferencing and live streaming...
2020: Online payments grow by 76% in Vietnam
Total transaction value increased by 124%...
Covid-19 results in digital banking growth in the Philippines
UnionBank recorded a 160% rise in daily sign-ups on its online banking portals...
Singapore announces $88 mn package to support financial sector
The aid is in addition to the $4.02 bn set aside in budget 2020 to help the sector fight against Covid-19...
Indonesian logistics startup Kargo raises $31 mn to fight the coronavirus
Investors who took part in the funding round include Tenaya Capital, Sequoia India, Mirae Asset Management and Intudo Ventures...