September 29, 2024 at 09:30PM
Cryptocurrency exchange Binance assisted Indian authorities in investigating a scam gaming app. The alleged perpetrators operated accounts on Binance, which helped Indian authorities trace the app’s involvement in a cross-border criminal network. Separately, SpaceX expressed interest in investing $1.5 billion in Vietnam, while Singapore launched submarines to defend its waters and underwater communication cables. Ola’s e-scooter business faced issues, and Singapore-based e-commerce site Qoo10 suspended payment services over payment delays. Yahoo! Japan highlighted its content moderation rates. Additionally, recent regional alliances and deals were observed, including Samsung’s investment in a display factory in Vietnam and the collaboration between Indonesia’s GoTo Group and Google Cloud.
Takeaways from the meeting notes:
– Binance claimed to have helped Indian authorities investigate a scam gaming app, and offered “deep cooperation” to uncover the app’s involvement in a cross-border criminal network.
– SpaceX is looking to invest $1.5 billion in various projects in Vietnam, following disagreements over regulatory hurdles and investment timelines with the Vietnamese government.
– Singapore launched Invincible-class submarines to defend its waters, including the submarine communication cables connecting the island to the world, with plans to deploy two more for similar missions.
– Ola’s e-scooter business has faced issues, leading to a backlog of customers waiting for repairs and reports of malfunctioning hardware and glitching software. Ola’s founder has promised to address these issues by doubling the number of service centers and incorporating AI for early detection of vehicle problems.
– Qoo10, a Singapore-based e-commerce site, has been compelled to suspend payment services by the Monetary Authority of Singapore due to ongoing customer complaints of delayed payments.
– Yahoo! Japan has detailed its content moderation efforts, utilizing both human patrol teams and AI to moderate content across its platforms.
Additionally, recent alliances and deals in the APAC region include Samsung Display’s investment in an OLED display factory in Vietnam, LG Display’s sale of a stake to TCL, GoTo Group’s collaboration with Google Cloud, and Naver Corporation’s plan to establish its Middle East headquarters in Saudi Arabia.