Akulaku Secures US$100 Million Debt Financing from HSBC Singapore to Drive Profitability and Expansion in Southeast Asia’s Fintech Landscape
Southeast Asian fintech Akulaku, backed by Alibaba, secures US$100 million debt financing from HSBC Singapore to address existing debts and enhance profitability, emphasizing its improved financial health and commitment to sustainable growth. Despite regulatory challenges, Akulaku remains optimistic about its expansion plans in Indonesia, its primary market, aiming for increased revenue amidst fierce competition in the online lending...
Evolving Brilliance Technologies Leads Carbon Credit Management Initiative in Thailand, Driving Sustainable Development and Innovation
Sarawakian tech startup, Evolving Brilliance Technologies (EB Tech), along with partners MSQ Engineering and Prince of Songkla University, spearheads discussions on the Carbon Credit Management project in Thailand, aiming to bolster environmental sustainability and promote carbon neutrality initiatives. The joint venture, endorsed by Thailand’s Ministry of Natural Resources and Environment, signals a pivotal step towards...
J&T Express Surpasses Expectations with Stellar 2023 Performance: Achieves Record Revenue Growth and Operational Milestones
J&T Express, a leading global logistics service provider, reports exceptional growth and profitability in 2023, marked by significant revenue increases, improved operational efficiency, and enhanced financial stability. 22 March 2024 – J&T Global Express Limited (“J&T Express” or “the Company”, stock code: 01519), a renowned global logistics service provider, proudly announces its stellar...
Tencent Realigns Strategy Towards Casual Gaming Amid Evolving Industry Landscape
Tencent, a leading player in the gaming industry, is refocusing its efforts on developing casual games like “DreamStar” after setbacks with big-budget franchises. This strategic pivot reflects a desire to embrace agility and innovation in response to evolving gaming trends. 21 March 2024 – Tencent, the renowned global leader in the video gaming industry, is undergoing a strategic shift as it refocuses its efforts on...
ASUS Unveils Cutting-Edge GPU Server Solutions at NVIDIA GTC Conference, Empowering AI Supercomputing
ASUS showcases its latest GPU server innovations at the NVIDIA GTC conference, including the ESC NM1-E1 and ESC NM2-E1 servers powered by NVIDIA’s MGX modular reference architecture, aiming to advance AI supercomputing capabilities. Leveraging state-of-the-art NVIDIA technologies and expertise in MLPerf, ASUS offers optimized server solutions tailored to diverse workloads, emphasizing performance, efficiency, and scalability. 21...
World Backup Day commentary – Modernising backup and recovery is do-or-die for APAC enterprises
In today’s data-first world, data has become the life force that enterprises use to accelerate decision velocity and deliver continuous innovation. With data driving so much strategic business decision-making, protecting organisational data is a critical priority for APAC enterprises. Traditional backup and recovery solutions are increasingly struggling to comprehensively protect the rapidly growing data volume, especially in hybrid...
Shopee Unveils Insights into Gen Z Shopping Trends and Introduces Enhanced E-commerce Features
Shopee’s study on Gen Z shopping behaviors highlights the growing reliance on e-commerce platforms among this demographic in Southeast Asia, prompting the platform to introduce new features and services to enhance the shopping experience. 20 March 2024 – Shopee, the leading e-commerce platform in Southeast Asia, unveiled the results of its latest study on the shopping behaviors of Generation Z (Gen Z) consumers. The study,...
Visa’s Spring 2024 Threats Report Uncovers Surge in Scams Targeting Individuals and Organizations
Visa’s Spring 2024 Threats Report unveils a surge in scams targeting individuals and organizations globally, fueled by the increasing sophistication of scammers and their exploitation of vulnerabilities in the payments ecosystem. 20 March 2024 – Visa has unveiled its Spring 2024 Threats Report, shedding light on the escalating threats facing consumers and businesses worldwide in the realm of payment security. The report...
Kaspersky Report: Financial Phishing Attempts Surge in Southeast Asia
Kaspersky’s anti-phishing technologies detected nearly 500,000 attempts to follow phishing links on businesses’ devices in Southeast Asia in 2023, specifically targeting finance-related matters such as e-commerce and banking. The Philippines reported the highest number of incidents, with Malaysia, Indonesia, Vietnam, Thailand, and Singapore also experiencing significant phishing attacks, underscoring the importance of...
NRF and Comexposium Unveil Inaugural Retail’s Big Show Asia Pacific in Singapore
The National Retail Federation (NRF) and Comexposium are launching the inaugural NRF 2024: Retail’s Big Show Asia Pacific in Singapore from June 11-13, 2024. This event, supported by the Singapore Tourism Board, will convene retail leaders from across the region for three days of conferences, exhibitions, and retail store tours focused on innovation and technology in the retail industry. 20 March 2024 – The National Retail...
