This move makes Alibaba eligible for the SAR’s Stock Connect programmes, which will help the firm tap a larger group of Chinese investors; however, rival PDD Holdings saw its shares drop sharply on the Nasdaq this week, and JD.com has unveiled a $5bn share buyback plan.
Asian technology companies account for a third of regional investment indices, but the ban on advanced chips is testing appetite for a sector already facing cyclical weakness and ongoing regulatory uncertainty.
ChainUp has announced the appointment of former Singapore prime minister and MAS chairman, Goh Chok Tong to its board, the completion of its acquisition of Bedrock Trust Pte, and further strategic expansion through partnerships.
Vietnam is emerging as a major tech ecosystem hub and provides a viable alternative investment pipeline to China, in the context of ongoing regulatory crackdown. And if it’s an indication of the country’s ambitions, start-ups like Loship are chasing the dream of ringing the US opening bell.
Wavemaker Partners is making a splash with its first climate tech venture builder. Its goal is ambitious – to launch companies that will reduce 10% of global emissions by 2035.
A record number of venture capital investments are pouring into the cybersecurity industry, as cyberattacks grow in volume and variety. With attackers taking advantage of the hybrid work environment, cybersecurity is now a crucial business enabler and start-ups like Orca Security are reaping the benefits.