Hyundai Motor Group signs MoU with Nusantara Capital City Authority to establish Ecosystem for advanced air mobility
– A First Step to Open Up AAM in ASEAN Market – Hyundai Motor Group (the Group) today signed a Memorandum of Understanding (MoU) with the Nusantara Capital City Authority (Indonesia: Otorita Ibu Kota Nusantara, OIKN) to work together to establish…
Jio Health combines online and offline healthcare in Southeast Asia, starting in Vietnam
By Jon Russell From TechCrunch The internet is often lauded for the potential to increase the impact of a range of primary services in emerging markets, including education, commerce, banking and healthcare. While many of those platforms are now being…
Google makes $550M strategic investment in Chinese e-commerce firm JD.com
By Jon Russell From TechCrunch Google has been increasing its presence in China in recent times, and today it has continued that push by agreeing to a strategic partnership with e-commerce firm JD.com, which will see Google purchase $550 million…
Dentons announces 7 law firm tie-ups at once
By Elizabeth Olson – From Big Law Business Dentons plans to combine with seven other firms located in Africa, the Caribbean and Southeast Asia, stepping up its already brisk global expansion, it announced March 14. The new additions involve a…
Zen Rooms, Rocket Internet’s budget hotel network in Asia, faces fire sale or closure
By Jon Russell From engadget Zen Rooms, a budget hotel network funded by Rocket Internet among others, is facing shutdown if investors are unable to sell the loss-making business. The two-year-old company offers a network of affordable hotels in 50 cities…
India’s Capillary Technologies raises $20M from Warburg Pincus and Sequoia
by Jon Russell From TechCrunch Capillary Technologies, an India-based startup that helps e-commerce businesses manage their marketing and customer engagement, has pulled in $20 million in fresh funding from existing investors Warburg Pincus and Sequoia. The company said it plans to…
US Navy to file homicide charges against commanders of ships involved in deadly collisions
By Robert Burns, Lolita Baldor, Associated Press From Business Insider The US Navy is filing negligent homicide charges against the commanders of two ships involved in fatal collisions. The charges against several lower-ranking officers follows a thorough review of evidence…
‘Supermalaria’ is on the way
By Janet Midega, Scientific America From Business Insider Scientists are worrying that a deadly strain of malaria is spreading quickly across the world from Southeast Asia. Simultaneously, Congress may cut 44% of malaria prevention funding which could lead to a…
The CEO of one of Asia’s largest banks says bitcoin is a ‘Ponzi scheme’
By Sujin Thomas, From Business Insider Singapore David Gledhill, group chief information officer at DBS, condemned bitcoin at the Singapore Fintech Festival. DBS is one of the largest banks in Asia and not the first to criticize cryptocurrency. Gledhill said bitcoin has…
US: Sessions – Border Crossers Are Minors, ‘Wolves in Sheep’s Clothing’
By Cathy Burke From Newsmax Some unaccompanied minors trying to sneak across America’s southern border are gang members who are “wolves in sheep’s clothing,” Attorney General Jeff Sessions warned Thursday. In a prepared speech to local and national law enforcement…
