Could Vietnam’s new tech city be its own Silicon Valley?

The local government of Vietnam’s largest city and financial capital, Ho Chi Minh City (also known as Saigon), is going ahead with plans to repurpose a large part of the city into the country’s first technology hub following approval from Prime Minister Nguyen Xuan Phuc. 22,000 hectares of land with a population of 1.1 millionContinue reading “Could Vietnam’s new tech city be its own Silicon Valley?”

These Asian tech startups have been raking up millions in investments during the pandemic

Economic statistics cannot keep up with the rate at which people are losing jobs all over the world as a result of the COVID-19 pandemic. The tech industry has been no different, as we have seen mass layoffs, especially in companies whose operations have been severely curtailed by lockdown measures, such as ride-hailing applications. However,Continue reading “These Asian tech startups have been raking up millions in investments during the pandemic”

Tech in Asia weekly briefing︱June 2nd

Covering Mainland China, Hong Kong, Japan, South Korea, Indonesia, Malaysia, Singapore, Philippines, Thailand, Vietnam, India, and Pakistan.

Singaporean sovereign wealth fund joins Libra

Temasek Holdings, a Singaporean state-owned investment firm, has joined Facebook’s digital currency project and become the first government-owned fund to join the association. Temasek is Singapore’s sovereign wealth fund and has over US$210 billion under management, including investments in Alibaba, Tencent, and Dell. The fund tweeted that it was looking forward to the potential ofContinue reading “Singaporean sovereign wealth fund joins Libra”

End of an era: China moves into a slower growth phase driven by B2B entrepreneurship

Amid the China-US trade war and calls to curb reliance on Chinese imports in a post-pandemic world, it has become even more critical to understand the domestic economy in China. This article illustrates the significant shift from a high-growth period fuelled by B2C internet startups to a more moderate growth phase led by B2B businesses.Continue reading “End of an era: China moves into a slower growth phase driven by B2B entrepreneurship”

Samsung releases the world’s first 5G smartphone with quantum security

The Galaxy A Quantum, a rebrand of the Galaxy A71 5G, one of Samsung’s popular mid-range handsets, was released in South Korea on May 22. The smartphone includes a quantum random number generator (QRNG) chipset made in cooperation with Samsung and SK Telecom’s (South Korea’s largest mobile carrier) Switzerland-based ID Quantique. Random numbers are anContinue reading “Samsung releases the world’s first 5G smartphone with quantum security”

Survey: Singapore residents don’t trust technology to make decisions for them

Singapore residents do not trust data and technology when it comes to making meaningful decisions that have a significant, long-term impact on their lives. New research from data intelligence company Qlik conducted by YouGov shows that more than half (56%) of those surveyed tend to make decisions based on their emotions, experiences, and intuition, asContinue reading “Survey: Singapore residents don’t trust technology to make decisions for them”