Singapore

Platform News: Tencent conference and exhibition in China

Tencent raises $3 billion by trimming stake in Shopee-owner Sea

Chinese gaming and social media company Tencent Holdings has raised $3 billion by selling 14.5 million shares at $208 each in Sea, which owns e-commerce firm Shopee, according to a...

Platform News: Binance

Binance affiliate says will withdraw Singapore licence application

The Singapore affiliate of Binance, one of the world’s largest cryptocurrency exchanges, said in a statement it will withdraw its local license application and wind down its ...

Cryptocurrency exchange Coinstore enters India despite pending curbs on trade

Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the Indian government is preparing legislation to effectively bar most private cryp...

Crypto Coins

Peru’s central bank joins global push to develop a digital currency

Peru is joining the global push to develop a central bank digital currency (CBDC), central bank President Julio Velarde said on Tuesday, as policymakers worldwide seek to keep pace...

Platform Industry: Bitcoin and digital currencies

US becomes largest bitcoin mining centre after China crackdown

The United States has overtaken China to account for the largest share of the world’s bitcoin mining, data published by the UK’s Cambridge Centre for Alternative Financ...

Platform News: Binance

Binance trading volumes soar despite regulatory crackdown

Trading volumes at major cryptocurrency exchange Binance soared between July and September, suggesting a recent crackdown by regulators across the globe has had little impact on th...

Bitcoin China

Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown

Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients, after Beijing issued a blanket ban on all crypto trad...

Shopee

Sources: Shopee to debut in Europe with Poland launch

Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told journalists.

Singapore's Shopee

Singapore’s Shopee changes the game in Brazil’s e-commerce sector

Shopee took just two years to become Brazil’s most-downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce: in-app mi...

Platform News: EduTech

EdTech platform Emeritus raises $650 million from SoftBank, Accel, others

Emeritus, an EdTech platform used by some of the world’s top universities and other educational institutions for online courses, has said it raised $650 million in a funding round ...

Platform Industry News: TikTok smartphone app video streaming

TikTok tells employees to return to office for three days a week

Popular short-video app TikTok has told its employees that some will be offered the option to work remotely for up to two days a week after they return to office, according to an i...

UK Diplomacy

UK and Singapore launch talks on digital trade agreement

This coming week, the United Kingdom and Singapore are due to start negotiations on a new digital trade agreement that could remove barriers, part of London’s push to become ...

Singapore

Singapore tells Facebook, Twitter to carry correction notice on virus strain

Singapore on Thursday ordered Facebook and Twitter to carry a correction notice to users of the social media platforms in the country over what it says is a false statement about a...

Platform News: ByteDance TikTok

TikTok names ByteDance CFO Shouzi Chew as new CEO

TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company has said.

Singapore's Grab

Grab to go public in world’s biggest $40 billion SPAC merger

Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuat...

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