Thursday, 25 Jun 2020 05:47 PM MYT
“Over the past two years, we have been sharpening our focus on building and enhancing our digital financing services brand using digital technologies and our telco assets to serve the underserved,” Axiata Digital chief executive officer Mohd Khairil Abdullah told reporters here today. In 2018, Sumitomo placed an investment of US$20 million in Axiata Digital’s digital advertising business ADA and in 2019, Mitsui channeled an investment of up to US$50 million into the company.
Proceeds from the investment will fund expansion plans for Axiata Digital’s DFS business for the next year in Malaysia and the region, which includes securing Boost’s next level push to develop its ecosystem of merchants and customers in enhancing Aspirasi’s credit scoring technology and potentially housing the digital bank.
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China opens more industries to foreign investment | Malay MailBEIJING, June 24 — China announced today it was expanding the number of sectors open to foreign investment, relaxing international ownership caps on brokerages, futures companies and life insurance firms. The scaling back of the so-called “negative-list” comes as the country works to revive...
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Trump threat to 'decouple' US and China hits trade, investment reality | Malay MailWASHINGTON, June 24 — Conflicting talk from Trump administration officials about “decoupling” the US economy from China is running into a challenging reality: Chinese imports of US goods are rising, investment by American companies into China continues, and markets are wary of separating the...
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