Economy
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Seattle: An Overlooked AI Hub in the New Tech Economy?
Seattle’s tech leaders claim their city is a hub for AI innovation, but recent assessments of promising AI startups paint a different picture: Forbes’ AI 50 list did not feature any Seattle startups, leading to…
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Singaporean Multinational E-Commerce Company Shuts Down Operations In Four Latin Countries
According to multiple sources, Shopee has shut down local operations in four Latin countries, mainly Chile, Colombia, and Mexico, while leaving Argentina entirely. The Singapore-based company will maintain cross-border operations in the first three markets…
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Grab Announces A $988 Million Financial Loss In Q3 Due To A Drop In Ride-Hailing During Lockdowns
The Singapore unicorn expects its SPAC deal to finalize in Q4 of this year. Grab, the Southeast Asian unicorn reported a net loss of $988 million for the July-September quarter, increased from a loss of…
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Vietnam to Asses Cryptocurrency Development Through Central Bank
Nikkei Asia reported that the government of Vietnam has assigned its central bank in the R&D of its very own blockchain-based digital currency. The policy came forth in Prime Minister Nguyen Xuan Phuc’s Decision 942, which outlined the…
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Alibaba Cloud Plans to Invest US$1bn in Asia Pacific Countries in Support of Developing Talent Pool
Alibaba subsidiary, Alibaba Cloud announced its plans to invest USD $1billion across several Asia Pacific countries in developing a digital talent pool and empower the growth of 100,000 startups in the technological field. Current disclosed…
