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The Malaysian government is pushing its digital economy, and wants local startups to grow on a global scale.

Besides India, it has operations in Indonesia and Philippines.

The two companies have also established a strategic partnership in ride-hailing service, power and energy solutions, and the production and sales of Byton models overseas.

Daily usage of ride-hailing apps sees decline for five consecutive quarters in China.

The company has reportedly beat out rivals Kuaishou, Huya, and Douyu to secure the deal.

Dominance of Youku, iQiyi and Tencent Video adds to film industry’s “cold winter,” a state newspaper says.

According to RedSeer, online grocery market is projected to grow to USD 10.5 billion by 2023.

The VC firm invests only when it has the confirmation that a Chinese investor will also invest in a follow-up round.

Grab aims to make GrabPay a “truly ASEAN wallet.”

The United States Federal Communications Commission has classified Huawei as a security threat, barring US telcos from using government funds to buy Huawei’s equipment.