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Vietnam walks back claim of new Intel investment
The Vietnam government appears to have backtracked its announcement that Intel will be involved in a major billion-dollar investment initiative in 2023. Read more…
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Indonesia is seriously in need of a 5G business case
Indonesia needs a bankable 5G business case and enough infrastructure investment if it’s going to catch up in the global 5G race, says ICT ministry official. Read more…
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President Biden signs long-awaited $52.7b chipset bill
President Biden signs a landmark bill to subsidize US chipset production and research and to boost competitiveness with China. Read more…
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India to tighten M&A rules affecting global tech firms
India aims to tighten rules around the scrutiny of M&A under proposed legislation that could particularly affect global tech firms doing business there. Read more…
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Mitsubishi to invest big in Indonesia for EV production
Mitsubishi Motors Corp plans to invest about 10 trillion rupiah ($666.89 million) in Indonesia between 2022 and 2025. Read more…
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Meta eyes up Indian prediction startup Better Opinions
Meta hasn’t stopped hunting for startups in the Indian market and is now eyeing investment into the early-stage startup Better Opinions. Read more…
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Chipmakers divided over US plans to block China investment
Chipmakers divided over how to oppose a legislative proposal giving the US government sweeping new powers to block investment into China. Read more…
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Is cash the best investment? Hong Kong adults think so!
22% of Hong Kong adults think cash will be the best-performing investment in 2022, ahead of stocks, cryptocurrency and property! Read more…
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Bezos charges into SE Asia with second e-comm investment
Jeff Bezos has just upped the ante in his ongoing Southeast Asia e-commerce exploration by announcing a second investment in the region. Read more…
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Google to invest $1 billion in India’s Bharti Airtel to expand its hold in India
Alphabet Inc’s Google will invest up to $1 billion in India’s Bharti Airtel as the US technology giant expands its hold in India. Read more…
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China escalates ‘golden share’ strategy to access more company data
The Chinese government has been expanding its practice of taking a ‘golden share’ in private companies possessing large amounts of key data. Read more…
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Singapore fintech MatchMove reports $80mn Nityo investment is in-kind
MatchMove has confirmed that $80 million of the $100 million investment from Nityo Infotech has come in the form of in-kind contributions. Read more…
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Tata Motors to invest over $2 billion in its electric vehicle (EV) business
Tata Motors will invest over $2bn in its electric vehicle (EV) business over the next five years after funding from private equity firm TPG. Read more…
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Jeff Bezos funds Indonesian e-commerce startup Ula
Bezos’s investment in Ula comes at a time when Amazon has not yet significantly entered the Southeast Asian e-commerce market. Read more…
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Bharti Airtel to invest $673mn expanding its India data centre business
Bharti Airtel will invest 50 billion rupees ($673 million) in expanding its data centre business to meet customer demand in and around India. Read more…
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Airtel investing $473 million to build 8 new data centres
Bharti Airtel, India’s second-largest telecom operator, is looking to expand its data centre capacity by up to five times in the country Read more…
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After Samsung, China’s TCL invests $219mn for display production in India
China’s TCL Group to kick off production of mobile phone, television display panels at its factory in India’s Southern state, Andhra Pradesh. Read more…
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Byju’s becomes India’s most valuable startup ahead of Paytm
India’s edtech startup Byju’s has reportedly become the country’s most valuable startup with $350mn funding at a valuation of $16.5 billion Read more…
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Biden broadens bans on investment in Chinese companies
President Biden’s order last week banning US investment in certain Chinese companies is broader than a similar one signed by his predecessor. Read more…
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India’s Moglix enters unicorn club with $120mn funding, $1bn valuation
India’s fastest growing B2B commerce platform, Moglix, has entered the unicorn club with $120 mn funding at a valuation of over $1 billion. Read more…