Currently, Vietnam is home to 150 fintech firms which act as the lifeblood of the burgeoning financial technology sector. There are approximately 40 peer-to-peer (P2P) lending companies, including a number of so-called loan sharks with abnormally high lending rates, mostly from China. For example, one payday loan shark ran three companies (Vinfin, Beta, and Dai Phat) which provided cash loans via smartphone apps Vaytocdo, Moreloan, and VD Online. These subprime lenders offer loans to individuals who do not qualify by traditional lenders. … [Read more...] about Protecting investors at head of consumer finance concern
Khan market big chill
India, clearly, needs to be watchful in the months ahead. "We need to be alert and anticipate where this is going next. The situation is all the more alarming as it comes at a time when the affected states are already reeling under Covid-19 and the ongoing heatwave," says Anshu Sharma of Sustainable Environment and Ecological Development Society, a non-profit disaster management organisation. BBC … [Read more...] about India combats locust attack amid Covid-19 pandemic
VASEP said that China's demand for shrimp imports in the second quarter of this year is expected to recover as the country has gradually curbed the COVID-19 pandemic. Many Chinese shrimp enterprises have returned to production while the domestic supply of Chinese shrimp is limited due to disease in farmed shrimp. … [Read more...] about Shrimp exports expected to increase in coming months
According to a government-approved plan for the development of e-commerce by 2025 released on May 18, revenue from online sales of business-to-consumer e-commerce, known as B2C e-commerce, is set to grow by 25% per year to US$35 billion, accounting for 10% of total goods retail sales and service revenues. Hanoitimes … [Read more...] about Will Vietnamese e-commerce platforms Tiki and Sendo soon merge?
SINGAPORE - Media OutReach - 27 May 2020 - Sentient.io, AI (artificial intelligence) and Data Platform backed by the national technology research institution in Singapore, A*STAR and the global technology venture capital, BEENEXT, has announced that it has closed Series A funding from Singapore and Japanese investors. This round was led by Digital Garage Group together with ABC Dream Ventures which is a corporate venture capital firm of Asahi Broadcasting Group Holdings Corporation, a major Japanese TV station, and Leave a Nest Group, the global deep-tech innovation accelerator. To-date, the Company has raised more than USD$5 million investment since its inception in May 2017. … [Read more...] about AI and Data Platform, SENTIENT.IO closed Series A Round led by Japanese digital media enterprises