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Venture capital pours $2.4 billion into crypto startups
May 20,2024
Crypto startup funding surged to$2.4 billion in the first quarter of 2024, marking a second consecutive quarter of growth, according to data from PitchBook. Expectations of lower interest rates and the launch of the first US bitcoin spot ETF fueled t...
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Asian countries are imposing stricter regulations on Big Tech
May 17,2024
Governments across the Asia-Pacific (APAC) region are intensifying regulations on big tech companies to address their market dominance. In Japan, Prime Minister Fumio Kishida's cabinet has approved new legislation to prevent major online platforms fr...
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Rwanda to start the central bank digital currency (CBDC) pilot
May 10,2024
The Central bank of Rwanda call the public consultation on the future Central Bank Digital Currency (CBDC) pilot. The Central Bank call for the inputs of all stakeholders via online questionnaire available on their official website.  The launch ...
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EU Council adopts cross-border data flow protocol with Japan
Apr 29,2024
The EU Council has signed a new protocol aimed at facilitating cross-border data flows with Japan, a deal that was concluded in principle on the margins of the G7 Trade Ministerial in Osaka at the EU-Japan High-Level Economic Dialogue (HLED). This pr...
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EU designates Shein as VLOP
Apr 26,2024
,The EU has designated Shein, a fast-fashion company founded by China, as a very large online platform (VLOP) due to its extensive user base, surpassing 45 million users. The categorisation under the EU's Digital Services Act (DSA) imposes stricter r...
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Malaysia's new initiatives to boost its tech hub status
Apr 23,2024
,Malaysia has kicked off a new initiative to establish itself as a hub for top-tier entrepreneurs and skilled professionals. This involves rolling out a fresh series of visas, including the "unicorn golden pass", which aims to draw in world-renowned ...
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EU users can now download iOS apps directly from developers
Apr 17,2024
Apple is rolling out a significant change in its approach to distributing iOS apps in the EU. Starting Tuesday, developers will be able to offer apps for direct download from their websites. This move breaks from Apple's traditional walled garden mod...
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Alibaba's AliExpress sets off global expansion with 10 billion yuan subsidy
Apr 10,2024
AliExpress, Alibaba Group Holding's international e-commerce platform, plans to offer subsidies to encourage more Chinese brands and merchants to sell overseas. This strategy aims to counter increased competition from regional e-commerce players. The...
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Court order requires Amazon to publicly disclose advertising data under DSA
Mar 28,2024
Last year under the Digital Services Act (DSA), the European Commission declared Amazon Store a Very Large Online Platform (VLOP), mandating it to provide public access to detailed online advertising data. Amazon sought to annul this decision in the ...
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China to host Digital Silk Road Development Forum in Xi'an
Mar 28,2024
The World Internet Conference's (WIC) Digital Silk Road Development Forum is scheduled for April 16 in Xi'an, Shaanxi province in China, according to the WIC Secretary-General. The forum, centered on "Connectivity and Shared Prosperity", will deep di...
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TikTok's policy shift challenges Chinese e-commerce vendors
Mar 27,2024
Chinese e-commerce vendors eyeing TikTok Shop in the US as an Amazon alternative find themselves in a tussle with the app's tightened enforcement of rules for overseas sellers. According to industry insiders and vendors, TikTok now requires US entiti...
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Apple adapts App Store policy in response to the EU regulations
Mar 13,2024
Apple has made a significant concession in Europe by allowing software developers operating in Europe to distribute their applications to EU customers directly from their websites rather than exclusively through Apple's App Store, a move aimed at com...
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