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Daily Tech News: Lazada, Masayoshi Son, Carro, Amartha, STTelemedia, Travel Wallet

June 24, 2024

Here are the top stories on Techzi

Lazada Quashes Thailand Exit Rumors, Reaffirms Commitment to Southeast Asian Market

  • Lazada denies Thailand exit rumors.

  • Alibaba injects $230M, totaling $7.4B investment.

  • Lazada adapts strategy, launching ‘Choice’ to compete against rivals.

Ever Wonder How AngelList Syndicates Work?

Guest Author: Ankit Upadhyay

  • AngelList Syndicates pool investor resources to collectively invest in startups.

  • Experienced angels lead deals, providing structure and flexibility.

  • A2D Ventures brings this successful model to Southeast Asia.

Vietnam Eyes VAT on Imported E-commerce Goods

  • Vietnam mulls introducing VAT on imported e-commerce goods.

  • The move aims to address the influx of Chinese products flooding online marketplaces.

  • Southeast Asian nations are increasingly adopting similar digital taxation measures.

SoftBank’s Masayoshi Son Gears Up for AI-Driven Renaissance

  • SoftBank’s Masayoshi Son signals bold comeback focused on AI.

  • The company plans massive AI investments and chip ventures.

  • SoftBank’s strong finances support ambitious expansion into AI infrastructure.

Carro Revs Up with $55M HSBC Loan, Eyes Southeast Asian Expansion

  • Carro secures $55M HSBC loan for fintech expansion.

  • Company reports $1B revenue, eyes new markets.

  • Additional $100M sought for Hong Kong and Japan expansion.

The AI Financial Advisor Dilemma: Can Robots Really Handle Your Money?

  • AI-driven investment advice sparks debate in fintech.

  • Wealthtech firms explore personalized AI solutions.

  • Experts predict a hybrid future combining AI and human expertise.

Indonesian P2P Lender Amartha Sets Sights on Southeast Asian Expansion

  • Amartha secures $17.5M investment for MSME lending expansion.

  • Indonesian P2P platform targets Southeast Asian growth.

  • Company boasts $1.6B in loans to 2.5M businesses, mostly women-led.

KKR-Singtel Alliance Injects $1.3B into ST Telemedia’s Data Center Empire

  • KKR-Singtel consortium invests $1.3B in ST Telemedia’s data centers.

  • STT GDC operates 95 facilities across 11 countries.

  • Investment capitalizes on surging demand driven by AI and digitalization.

Travel Wallet Sets Sights on Global Expansion

  • Travel Wallet secures $10M for global expansion.

  • Korean fintech boasts 5.3M cards and $2.2B transactions.

  • Cross-border fintech market shows strong growth, especially in Asia Pacific.

Did you miss yesterday's daily news show?? Then it’s not too late to check it out now!

 

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