Asia’s tech news #131: Indian drone delivery, China’s robotics goals, mobility in Taiwan…
In this issue: Sri Lanka’s Spiralation Demo Day startups, mobility-as-a-service goals in Taiwan, Australia’s digital economy moves, Intel’s investment in Penang, China’s robotics and automation goals in manufacturing…
China: Eastern Bell Capital VC firm, backer of EV maker Xpeng, raises over $2.04BN in latest round — www.channelnewsasia.com
Chinese venture capital firm Eastern Bell Capital has raised more than 13 billion yuan (US$2.04 billion) in its latest funding round, boosting the firm’s investment firepower in the world’s second largest…
Sri Lanka: Spiralation Demo Day presents 10 tech startups — www.ft.lk
“Currently, we have a $ 1.5BN IT industry in Sri Lanka, and we’re looking forward to making it $3BN. We are not going to stop here. Hence, we’re planning to have our own technoparks. As the ICTA, we’re with you to ensure that we go along on this journey…”
Taiwan’s moves towards mobility-as-a-service, aiming to integrate public, private & shared transportation — www.digitimes.com
Taiwan is promoting the development of Mobility as a Service (MaaS). Earlier in 2021, the Ministry of Transportation and Communication (MOTC) authorized a MaaS plan for four counties and…
Australia: Additional Au$252.5M over 4 years to be spent on digital economy strategy initiatives — www.zdnet.com
The total amount will be split up across several projects, with the biggest share of AU$161 million to be used for the digital identity system; AU$27 million to the Office of the National Data Commissioner…
ICYMI: Ferrari to release NFTs and digital content in partnership with Swiss blockchain firm, Velas — www.investing.com
Velas will also serve as the primary sponsor for the Ferrari Esports Series, an online series that competes in the F1 Esports Series, the official digital championship for all teams racing in the FIA Formula One World Championship.
India: Tech Eagle, drone deliveries firm with sights on a fleet of 100kg payload drones for rural areas — gulfnews.com
Last year, it became one of India’s first companies to get approval for ‘beyond visual line of sight’ drone delivery on a trial basis. After the government liberalized drone rules this year, the Lucknow startup became the first in Asia to carry out cold chain…
China unveils 5-year plan for automation in manufacturing, setting sights on global leadership — www.scmp.com
China, coping with an ageing and shrinking workforce, is one of the world’s most aggressive countries in automating manufacturing.
Malaysia: Intel to invest $7.1BN into Malaysia over 10 years to boost semiconductor production — www.digitalnewsasia.com
The expansion of Intel’s assembly test manufacturing, while also building out die prep capability with the addition of advanced packaging capabilities in Malaysia is expected to help ignite…
Australia: YouPay, online shop option where shoppers fill a cart but send it to a parent, partner or… — futurefive.co.nz
New fintech startup YouPay offers a unique online shopping option where you pick what items you want from over 250 retailers and get someone else to pay.
China: Cyberspace Admin to impose rules requiring security review before overseas listings — www.reuters.com
China said on Tuesday it will put in force new rules to increase its oversight of plans by Chinese platform firms to list on overseas stock markets in the latest move to tighten its grip on its sprawling…
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