Asia's tech news: August 9th
A curated weekly snapshot of noteworthy Asia Pacific technology news headlines
In this edition: Digital yuan loans expansion in China; cyberattacks on Taiwan increase 23-fold; Singtel adds $100M to VC arm; South Korea’s semiconductor predicament; Thailand Post launches NFT stamps; Philippines Startup Week approaches; and more.
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• Parent firm of Philippines' UNO Digital Bank secures $11M pre-A funding, with sights on financial and banking services for the country's 45 million underbanked population / read in full
• Taiwan: Cyberattacks on Taiwan government units on the day of Pelosi's arrival surpassed 15,000 gigabits, 23 times higher than the previous daily record / read in full
• Pakistan's OneLoad raised $11M with multi-faceted fintech services for micro-retailers, providing digital wallets, mobile top-ups, utility bill payments and more / read in full
• China: More on the Chinese government’s expansion of digital yuan loans to businesses and individuals, potentially allowing real-time monitoring, tracking and recording of every transaction / read in full
• China's driverless vehicles: "In Shenzhen, the capital cost is one third to California, because we have the battery suppliers..sensors...integration. But the revenue is one-twelfth to California..." / read in full
• Taiwan: 2035 E-Mobility Taiwan sets trade show date for April next year, showcasing the electric vehicle and self-driving car ecosystem / read in full
• Philippines Startup Week 2022 has been set for November 14-18, running with the theme of 'Homegrown Heroes - Cultivating Future Tech Giants' / read in full
• Singapore: Singtel telco adds $100M to Innov8 VC arm to expand portfolio across SE Asia, China, Australia, Israel and the US / read in full
• China: Alibaba e-commerce giant and Xpeng electric vehicle firm partner for Mongolia center for driverless car software, aiming to bring core software 'training' time down / read in full
• Thailand: An overview of the recently-launched Spark Ignite 2022 Thailand Startup Competition, heavily backed by Huawei and aiming to boost the country's digital economy efforts / read in full
• Philippines: CoinsPH fiat and crypto wallet provider partners Globe Telecom to offer crypto in exchange for reward points via telco's loyalty program / read in full
• South Korea set to join US-led Chips 4 alliance, platform for semiconductor supply chains, joining Japan and Taiwan - but China accounts for almost 60% of South Korea’s chip exports / read in full
• Venture & Capital 2022 conference set for August 16th, running from Singapore and looking at Web3, DeepTech and Property/Funds ecosystems / read in full
• Thailand Post issued its first collectible NFT stamps this month, a limited edition of 50,000 NFTs to mark the country's 140th anniversary / read in full
• Coinfest Asia 2022 set for August 25-26, running from Bali, Indonesia, for crypto & blockchain founders and ecosystem builders in Web3, GameFi, DeFi and more / read in full
• Digital connectivity: "...more than 430 subsea cables that may be targets for anyone wishing to disrupt global connectivity...transfer more than 95% of int'l communications and data globally." / read in full
ICYMI: In Case You Missed It
Wider-world tech news items with Asia-Pacific / Indo-Pacific relevance, alongside items providing meaningful points of reference in relevant fields. ICYMI also covers news items that may be older, but which remain noteworthy.
» US Bureau of Cyberspace & Digital Policy recently launched, focused on national security, economic opportunities, and implications around cyberspace, digital tech and digital policy / read in full
» Nomad, cryptocurrency bridge allowing users to swap tokens between blockchains, hacked and drained of near $200M due to misconfigured 'smart' contract / read in full
» Soulbound Tokens: Building blocks for a Web3 decentralized society composed of non-transferable and non-financialized tokens, from Ethereum's Buterin / read in full
» Facebook parent Meta has asked banks to hold investor meetings to explore a possible bond sale following weak H1 2022 earnings / read in full
» Decentraland partners Transak payment gateway, Metaverse Architects studio for 'metaverse ATM' allowing users to buy in-game crypto, and to deploy ATM to metaverse 'property' / read in full
» Stablecoins: "Tokenising deposits would enable peer-to-peer settlement and make commercial bank money usable in blockchain...without impacting the broader financial system." / read in full
» Enabled Play: "...users' head movements, facial expressions, real-time speech and other...input methods into mouse clicks, key strokes and thumbstick movements." / read in full
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