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26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )

Retail Asia02/07/2021

She will succeed Virginia Devereux Wong, regional head of funds and ETFs, who will be leaving HSBC Private Banking at the end of June. Lina Lim, regional head of discretionary, Asia, will take on the expanded role of regional head of discretionary and funds, citing a HSBC spokesperson. In her new role, which combines Wong’s responsibilities, Lim will oversee discretionary, […]

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Retail Asia30/01/2020

Stack, an Asia-based provider of cryptocurrency trackers and index funds, has launched the single-asset index fund in response to investor demand. It expects to capture $750 million in assets under management within 2020, Matthew Dibb, co-founder of Stack said. The firm hopes to surpass $2 billion in assets under management next year by tapping into […]

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Retail Asia05/12/2019

Ant Financial is building a roughly $1 billion investment fund to back start-ups across Southeast Asia and India. Alibaba’s financial technology arm is looking to expand its reach across the region using a huge war chest. Plans for the fund are at an early stage. Jack Ma’s financial group is keen to expand outside of China, where […]

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Retail Asia05/09/2019

Fund of funds are becoming critical in China’s domestic market for diversification and, in particular, hedge fund exposure. But unsystematic performance-chasing from market players do not inspire confidence, UBS Asset Management said. Since the fund of fund (FoF) investment philosophy in the domestic market is at a relatively early stage, we see that some FoFs […]

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Retail Asia29/08/2019

Softbank Group’s Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault. While many countries are keen to use renewable energy as part of efforts to cut carbon emissions in the fight against climate change, the challenge has been to find a way to store […]

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Retail Asia10/05/2019

Japan’s SoftBank is reportedly in talks to invest up to $3 billion in fast-growing Indian operator Reliance Jio Infocomm. SoftBank’s Vision Fund is involved in due diligence on the prospect of the purchase of a stake in Jio that could be worth $2 billion to $3 billion, unnamed sources told. The SoftBank Vision fund has raised […]

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Retail Asia26/03/2019

Starbucks has launched an investment fund to boost food and retail startup technology companies. The new entity, Valor Siren Ventures, will be managed by Valor Equity Partners, a growth-focused private equity investment firm that was among the first investors in food technology. Starbucks has contributed an initial US$100 million into the fund, which will identify […]

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Retail Asia06/03/2019

AirAsia has launched a new venture capital fund, RedBeat Capital, to invest in start-up businesses that aims to boost the low-cost carrier’s ancillary segment. RedBeat Capital will work alongside San Francisco-based venture capital firm 500 Startups in supporting businesses seeking to enter or expand their presence in southeast Asia, with a particular focus on travel and […]

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Retail Asia01/03/2019

ELSA has raised $7 million in a Series-A round from Google’s AI Fund Gradient Ventures and other U.S. investors. The investment round for ELSA, a mobile app that uses artificial intelligence and speech recognition technology to help language learners improve their English pronunciation, was led by Gradient Ventures, Google’s AI-focused venture fund. According to tech […]

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Retail Asia26/02/2019

Most Vietnamese banks fall short of international capital adequacy norms and have to focus on attracting foreign capital this year, Moody’s has said. The credit rating agency said in a release Monday that “the underdevelopment of the domestic capital markets” means the banks would have to look to foreign investors to meet the capital requirement […]

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Retail Asia13/02/2019

Logivan, a web platform that helps trucks connect with potential customers, said it has raised $5.5 million in the latest funding round. The investment comes from two Asian angel investors and Indonesian venture capitalist Alpha JWC Ventures. One of the angel investors is David Su, a founding managing partner at private equity firm Matrix Partners […]

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Retail Asia30/01/2019

Vietnamese fintech firm Finhay has raised $1 million in seed funding from Singapore’s Insignia Ventures Partners and other foreign investors. “Finhay will use the $1 million investment to expand its user base 10-fold to 100,000,” said founder and director of Finhay Nghiem Xuan Huy. Finhay was established in 2017 with capital of $100,000 as a […]

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Retail Asia13/12/2018

Filipino cafe chain Bo’s Coffee plans to more than double its store network within four years and is also eyeing expansion into the Middle East. In an interview, founder Steve Benitez says the ambitious growth plan has been fuelled by strong local demand. With 103 cafes currently, Benitez is targeting between 200 and 250 by […]

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Retail Asia11/12/2018

E-commerce platform Bukalapak has partnered with online investment platform Tanamduit to introduce mutual fund products to first-time retail investors. The partnership will see local asset management firms Bahana TCW Investment Management, Batavia Prosperindo Asset Management and Sucorinvest Asset Management offer five new investment products, ranging from equity to fixed-income funds, on Bukalapak’s mutual funds platform BukaReksa. At […]

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Retail Asia15/06/2017

Palo Alto Networks is forming a $20-million security venture fund to provide early stage investments to fuel development of security applications for the Palo Alto Networks Next-Generation Security Platform. The fund will be aimed at seed-, early- and growth-stage security companies with a cloud-based application approach. These companies can accelerate their routes to market for […]

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Retail Asia12/04/2017

SBI Islamic Fund (Brunei) Limited, a joint venture between Brunei Darussalam’s Ministry of Finance and Japan’s Strategic Business Innovator (SBI) Holdings, is looking for opportunities to invest in Indonesia. SBI Islamic Fund (Brunei) Limited CEO Amran Mohammad said the fund would build fish processing factories in Maumere, East Nusa Tenggara, and in Aceh. The facilities […]

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Retail Asia07/01/2017

Apple has revealed plans to invest $1 billion in Japanese telecom behemoth SoftBank’s $100 billion technology venture capital fund. Apple will join a list of investors that are also expected to include Foxconn Technology Group and Oracle chairman Larry Ellison. Companies including Qualcomm have already committed to the fund. The $100 billion SoftBank Vision Fund […]

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Retail Asia18/02/2016

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Goldman Sachs Asset Management (GSAM), the asset management arm of Goldman Sachs Group Inc, is making its foray into the local unit trust industry with the launch of 13 retail funds in 1Q 2016. The new GSAM unit trusts, previously available only to private banking and institutional clients, will consist of fundamental and quantitative equity […]

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Retail Asia18/11/2015

Aiming to bring in more foreign funds into India, Reliance Capital Asset Management (RCAM), the funds management arm of Anil Ambani-controlled Reliance Capital, is launching a fund in South Korea for retail and institutional investors in the South Asian country that will invest in the Indian market. This is the seventh fund that RCAM is […]

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Retail Asia18/08/2015

The Hong Kong fund industry saw net sales drop by almost a half in the first six months of 2015, new figures reveal. The Hong Kong Investment Funds Association (HKIFA) published data on Wednesday which cited a sharp fall in funds to $3.71bn (£2.38bn, €3.34bn). Bruno Lee, the chairman of HKIFA, blamed the decrease in […]

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