And, Khazanah Nasional Bhd, a Malaysian sovereign wealth fund, sold its $ 1.4 billion worth of shares, including Alibaba; India’s OYO predicts that the Chinese business will continue to lose money and will make $ 400 million by 2022.

Southeast Asia

Khazanah Nasional Bhd, a sovereign wealth fund in Malaysia, sold its $ 1.4 billion stake, including Alibaba. According to DealStreetAsia, Khazanah has sold approximately $ 1.4 billion worth of shares in seven foreign companies, including Alibaba Group Holdings Limited. It’s unclear how much the company owns in Alibaba.

Tookitaki, a Singapore-based surveillance technology startup, raised $ 11.7 million. According to Tech in Asia, this round of financing was led by Israeli investment groups Viola Fintech, SIG, and Nomura Incubation Investment, the venture capital arm of Nomura Holdings. In addition, existing investors including Illuminate Financial, Jungle Ventures and Singapore Government Investment Department Spring Seeds Capital also participated in the round. Founded in 2014, Tookitaki’s main products include an anti-money laundering (AML) suite that uses machine learning for transaction monitoring and name screening to help reduce false alarms and detect suspicious cases.

India

OYO of India predicts that the Chinese business will be losing money until 2022, and it is expected to make a profit of $ 400 million by 2022. According to a quote from Tencent Technology, a foreign media report said that an internal evaluation report given by the Indian OYO Hotel to local regulators on the day before shows that OYO ’s China business will continue to lose money until 2022, and may realize a profit of US $ 394.9 million by 2022 It may grow to $ 1.65 billion by 2024, which means that net profit will quadruple within two years. As of March 2019, OYO’s annual net loss was $ 332 million, compared with a loss of Rs 3.6 crore a year ago.

Apple further expands the Indian market, and iPhones made in India will be exported abroad. According to Sina Technology Report, foreign media reported that Indian Minister of IT Ravi Shankar Prasad said that Apple will further expand its business in the Indian market. According to Praside, as Apple’s component supplier,Salcon will produce parts for Apple at its Chennai plant in southern India. To this end, Salcom will invest Rs 20 crore (about $ 27867 million) in the next five years to produce mobile phone chargers and other components. Apple iPhones made in India will also be exported to international markets.

It is reported that Ola has moved its financial services business from its parent company, ANI Technologies, in an effort to raise funds separately for independent entities. According to ET Tech, the move is part of Ola ’s aggressive strategy to diversify beyond its core ride-hailing business, which will compete directly with larger competitors, including Paytm, PhonePe, AmazonPay, and Google Pay . “The board of directors of the company recently approved the divestment of Ola Financial Services, which runs Ola Money,” said one of the aforementioned people.

Latin America

Tencent and SoftBank Latin America Innovation Fund led a $ 150 million Series C funding round for Argentina’s mobile banking and loan platform Uala. According to Techcrunch, Uala raised $ 34 million in a funding round led by Goldman Sachs’ venture capital arm, Ribbit Capital and Monashees in 2018. Tencent also invested an undisclosed amount in early March this year. It is reported that as of now, the company’s known total financing has reached 194 million US dollars.

Africa

eWTP landed in Ethiopia, Jack Ma said that he invested $ 100 million to train African entrepreneurs. According to Sina Science and Technology Report, on November 25th, the Ethiopian government and Alibaba signed a contract to jointly build eWTP (World Electronic Trading Platform). According to the agreement, Alibaba and Ethiopia will fully cooperate around eWTP. Alibaba also joined Yiwu to build a multifunctional digital trading hub (eHub) with Ethiopia. In addition, Ma Yun announced on the spot that the African Venture Fund of the Ma Yun Public Welfare Foundation will be raised from 10 million US dollars to 100 million US dollars to cultivate entrepreneurs, drive young people to grow, and create blood for Africa, thereby helping African economic sustainable development.

Others

Shenzhen Stock Exchange and Pakistan Stock Exchange signed a technology export agreement. According to a report from China Securities Network, the signing ceremony of the Shenzhen Stock Exchange and Pakistan Stock Exchange’s trading and monitoring system upgrade project was successfully held in Shenzhen, which opened the door for China’s securities technology system. According to the agreement, the Shenzhen Stock Exchange will be based on the latest generation of self-developed trading and monitoring systems and integrate the actual development of the Pakistani capital market to upgrade the existing trading system of the Stock Exchange and build a market monitoring system.