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Synagie inks deal with China's Weimob to help Southeast Asian SMEs penetrate China's e-commerce market

SINGAPORE (June 10): Synagie Corporation, the e-commerce enabler, announced that it has signed an agreement with a wholly-owned subsidiary of Weimob to offer its integrated cross-border e-commerce and advertising solutions that will help SMEs in Southeast Asia (SEA) penetrate China’s behemoth social e-commerce market.

Tencent-backed Sea to raise US$1.35 bil in US share sale

(Mar 6): Sea, operator of Southeast Asia’s biggest gaming platform, has raised US$1.35 billion ($1.83 billion) after increasing the size of a follow-on stock offering.

The Singapore-based internet company sold 60 million American depositary shares at US$22.50 each, or about a 6.5% to its last close in New York. An affiliate of Tencent Holdings as well as a separate firm linked to one of Sea’s directors are expected to buy 6.3 million of those shares at those terms, Sea said in a statement.

Super Apps, Asia's new innovation, to change cities, economies

SINGAPORE (Nov 7): The ability to communicate, shop online, order rides, read books, play games, get food delivery and pay for anything within a single, unified smartphone app is Asia’s defining innovation, technology leaders said at Bloomberg’s New Economy Forum in Singapore.

You can now WhatsApp, WeChat your DBS relationship managers

(Sept 11): DBS Group Holdings, Southeast Asia’s biggest bank, unveiled a service that will allow wealthy clients to interact with their relationship managers on WeChat and WhatsApp.

The Singapore-based lender will begin registering interested clients for the service known as Wealth Chat, DBS said Tuesday in an emailed statement. It will initially provide content such as investment reports and research insights, with services such as trade placement to be added progressively next year, the bank said.

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Technology is modernising China’s Lunar New Year holiday

BANGKOK (Feb 15): In many ways, China’s Lunar New Year holiday is America’s Thanksgiving, Christmas and Independence Day all rolled into one.

Millions of Chinese take planes and trains to make the journey home (or abroad) to visit family and friends. Copious amounts of food are shared and gifts are exchanged as people ring in the first days of the moon’s new cycle with fireworks to ward off bad spirits.

How Tencent became an internet giant

SINGAPORE (Jan 15): For years, Chinese internet companies such as Tencent Holdings, Alibaba Group Holding and Baidu have had an unfair advantage over their Western counterparts such as Google parent Alphabet, Facebook and Amazon.com in that China’s lax privacy rules have allowed the country’s tech companies to harness Big Data and artificial intelligence (AI) a lot more powerfully.

Tencent buys 4.95% stake in China's leading investment bank for $493 mil

SINGAPORE (Sept 21): Tencent Holdings is coming for your dollars.

Through wholly-owned subsidiary Tencent Mobility, the Chinese internet giant is investing HK$2.86 billion ($493 million) for a 4.95% stake in China International Capital Corporation (CICC), one of the mainland’s leading investment banks.

Tencent will subscribe for some 207.5 million new Hong Kong-listed shares of CICC at HK$13.80 each, representing an 11.0% discount to the stock’s closing price of HK$15.50 on Wednesday.

As at 11.10am on Thursday, shares in CICC are trading 15.1% higher at HK$17.84.

Hong Kong's stock fortunes are tied to Tencent like never before

HONG KONG (May 23): Tencent Holdings Ltd. has become the undisputed ruler of Hong Kong stocks.

China’s largest Internet company has surged 45% this year, adding more than US$100 billion ($168.6 billion) in value to its shares and pushing the city’s benchmark equity gauge ahead of almost all major global peers. While some technical indicators signal a pullback for the stock is overdue, analysts are bullish on its outlook after the WeChat operator posted record results.

China’s web giants expected to post sales growth above 40%

HONG KONG (May 17): China’s internet titans are set to supply ample evidence that online spending continues to defy a slowdown in the world’s second largest economy.

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Faster frappuccinos in China as Starbucks joins WeChat payments

Starbucks, Frappuccino

(Dec 8): WeChat lets users text friends, post selfies and pay a gas bill with a smartphone. From today, the blockbuster Chinese app, known as Weixin Pay in China, can also be used to buy a Java Chip Frappuccino.

Starbucks Corp. said Thursday it will accept the payments system at about 2,500 of its cafes across China, enabling customers to complete purchases with a scan of their phone. The agreement with Tencent Holdings means the Seattle-based chain joins foreign retailers, including KFC, Disney and Uniqlo, in embracing the cashless mobile payments ubiquitous in China.

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