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The 2 biggest things Silicon Valley misunderstands about China, according to a top Alibaba exec
"It is very clear now that true innovation is emerging from these markets," said Wong, who grew up in Palo Alto, California, and has worked at Alibaba for more than a decade.
- Categories
- Technology
- Region
- Asia Pacific
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Mobile payment firms struggle to dethrone cash in Southeast Asia
Mobile payments are ubiquitous in China; a consumer can spend a day without using cash at all in Beijing or Shanghai, and even some beggars accept mobile payments. But cash remains king in Southeast Asia.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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How Vietnam’s Fintech Market Could Reach Nearly $8 Billion By 2020
The Asia-Pacific region saw nearly $15 billion in fintech investments between January 2016 and February 2017 alone. Needless to say, the opportunity in fintech is real--and Vietnam is getting in on it.
- Categories
- Finance
- Region
- Asia Pacific
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Entrepreneurs capitalize on rural handicraft e-commerce
Born in a Dong village in Zaima town, Guizhou Province, Yang opened a shop on retail website Taobao to sell handmade ethnic cloth made by fellow villagers.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- e-commerce
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MetLife Foundation Partners with Kiva to Support Entrepreneurs and Build Financial Inclusion
MetLife Foundation has partnered with Kiva, a global non-governmental organization, to support entrepreneurs around the world through an employee engagement campaign. As part of this programme, a fully funded US$25 loan has been allocated to each of MetLife's 23,000 employees in Asia to help entrepreneurs start, sustain and grow their businesses.
- Categories
- Uncategorized
- Region
- Asia Pacific
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PayPal Joins Indonesian Venture Firm to Develop Fintech Startups
PayPal Holdings Inc. is teaming up with Indonesian venture-capital firm Alpha JWC Ventures to back emerging financial technologies that can be developed for Southeast Asia.
- Region
- Asia Pacific
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Chinese investors warming up to impact investing, but regulations slowing progress
Chinese investors are showing increasing interest in start-ups with innovations that tackle energy consumption, social and climate change issues, but the main force behind such so-called impact investing remains foreign firms and supranational agencies, according to fund managers.
- Categories
- Investing
- Region
- Asia Pacific
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China’s Major Tech Firms Will Dominate SE Asia’s Emerging Markets: Who Wins And Who Loses?
Digital behemoths Alibaba and Tencent are expanding their e-commerce, cloud and data capabilities across the SEA region, which has a rapidly growing population of more than half a billion people.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- e-commerce, fintech, MSMEs, public policy