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AIS and SCB abandon their digital banking JV
AIS says it is backing out from a JV with Siam Commercial Bank (SCB) that aimed to provide digital banking services. Future dealings are still on the table. Read more…
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Indika and Foxconn seek Thai firm to join their JV
Coal miner PT Indika Energy and Foxconn, which are partnering to make EVs in Indonesia, are considering bringing in a Thai firm as a third partner. Read more…
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Tencent and Unicom cleared for cloud-focused joint venture
Tencent and China Unicom have received regulatory approval to set up a joint-venture focused on internet data centers, CDNs and edge computing. Read more…
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Huawei pauses its plans to form a JV in India
Huawei has put on hold plans to form a local JV with an Indian company amid looming uncertainty of its future as it faces tax evasion allegations in India. Read more…
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Reliance to form JV with Sanmina to make 5G gear in India
Reliance is forming another JV to help support its end-to-end 5G stack development centred around local manufacturing of telecom equipment. Read more…
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Chinese state firms to take big stake in Ant’s credit-scoring joint venture
State-backed firms are set to take a sizeable stake in a key Ant Group credit-scoring asset, in a move that will loosen the giant’s grip. Read more…
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Huawei India explores tech-sharing joint venture amid uncertainty
China’s Huawei is exploring a joint venture with an Indian company to transfer key telecom technologies for local manufacturing of 5G gear. Read more…
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Ant-CIMB Malaysian e-wallet joint venture in talks to raise $150mn
Malaysian e-wallet operator owned by CIMB Group and China’s Ant Group is in advanced talks to raise $150 million to fund expansion plans. Read more…
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ByteDance and Chinese state media firm establish joint venture
A unit of ByteDance, the owner of video-sharing platform TikTok, has established a joint venture with a Chinese state media group. Read more…