Category: Asian

This new Southeast Asian fund has its eye on Chinese cross-border firms
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This new Southeast Asian fund has its eye on Chinese cross-border firms

As U.S.-China relations remain tense, Southeast Asia becomes the darling for investors and tech companies from both sides as they seek overseas expansion. Behemoths like Google, Facebook, Alibaba, Tencent and ByteDance have elbowed into the region. Some set up shop, while others formed alliances and took stakes in local startups. Now five prominent investors originating…

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Pew: Asian Migrants Outnumber Latino Migrants
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Pew: Asian Migrants Outnumber Latino Migrants

The inflow of Asia’s Chinese and Indian migrants is outpacing migrants from Latin America, says a report by the Pew Research Center. Chinese and Indians have the largest share of new legal immigrants and illegal migrants, said the August 20 report, titled “Key Findings About U.S. Immigrants”: In 2018, the top country of origin for…

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Southeast Asian lending platform Validus raises $20 million for its Series B+ round
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Southeast Asian lending platform Validus raises $20 million for its Series B+ round

Small- to medium-sized businesses are one of the most important parts of Southeast Asia’s economy, but many have trouble securing growth capital from traditional financial institutions. Validus wants to fix the financing gap with its peer-to-peer lending platform, which connects accredited lenders with SMEs. The Singapore-based startup announced today that it has raised $20 million…

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Asian stock markets fall as COVID-19 is declared a pandemic
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Asian stock markets fall as COVID-19 is declared a pandemic

American stock markets plunged on Wednesday, after the World Health Organization officially declared the spread of COVID-19 a pandemic. In Asia, meanwhile, almost all the major stock indexes were also trading lower the morning after the WHO’s announcement, with the Asia Dow Index down 4% by midday. Morning trading in East Asian markets was ongoing…

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Asian Stocks Levitate as Fed’s Repo Bonanza Continues – CCN.com
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Asian Stocks Levitate as Fed’s Repo Bonanza Continues – CCN.com

Asian stocks rose on Friday, with Japan’s benchmark index reaching new five-month highs amid reports that the Federal Reserve was pledging more liquidity to prop up the financial markets. Asian Markets Rise Stocks across the Asia-Pacific region rose in the final session of the week. Tokyo’s benchmark Nikkei rallied 0.4% and was on track for…

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Asian Stocks Mixed as Bank of Japan Hints at New Stimulus Measures in October – CCN.com
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Asian Stocks Mixed as Bank of Japan Hints at New Stimulus Measures in October – CCN.com

Stocks in the Asia Pacific region diverged on Thursday, as investors assessed the Bank of Japan’s (BOJ) latest policy decision, which maintained the status quo on a long-running stimulus program designed to boost growth and inflation. Asian Stock Markets Diverge Japanese stocks were the clear-cut winners on Thursday, as investors dissected new developments around monetary…

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Asian Stocks See Mixed Results Following Fed’s Unusual Repo Operation – CCN.com
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Asian Stocks See Mixed Results Following Fed’s Unusual Repo Operation – CCN.com

Stocks in the Asia Pacific region traded mixed on Wednesday, as investors gauged prospects for monetary policy after the Federal Reserve took action in re-balancing the money markets. Asian Markets Mixed There was no clear-cut direction in Asian equities on Tuesday. Japan’s benchmark Nikkei 225 index edged up 0.1% to 22,012.72. Japan’s benchmark Nikkei hovers…

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Asian Stocks Post Huge Rally After U.S., China Exchange ‘Goodwill Gestures’ – CCN.com
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Asian Stocks Post Huge Rally After U.S., China Exchange ‘Goodwill Gestures’ – CCN.com

Trade hopes fuel risk-on rally in Asian equities on Friday. | Image: Shutterstock Asian stocks advanced on Friday after an apparent thawing in U.S.-China trade tensions fueled investors’ appetite for riskier assets. In the process, the Chinese yuan stabilized at three-week highs against the U.S. dollar. Asian Market Update Markets across the Asia-Pacific region reported…

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Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million
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Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million

Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8×8 in a deal worth about $125 million. The acquisition will help San Jose, California-based 8×8 expand in Asia, where Wavecell already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong. Wavecell’s cloud API platform, which…

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