Southeast Asia economics thread.


gadgetcool5

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Billionaire Li Ka-shing betting on South-east Asia's tech start-ups​

"In the past, we felt more innovation, opportunities and founders with science and technology background in the US, Europe and Israel, but now we are seeing Indonesia and broader South-east Asia really going through a very critical juncture," Frances Kang, a director of Horizons Ventures, told Bloomberg in an interview. The company "will only deploy more capital" into the region, she said, and has set up a team looking into opportunities there.

Horizon Ventures and Alpha JWC have over the past year invested in Indonesian online stock brokerage Ajaib, rapidly-expanding coffee chain Kopi Kenangan and capsule hotel operator Bobobox. Alpha manages some US$200 million across two funds and has invested in more than 40 startups.

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Let's have a thread for this market of 673 million people, bigger than the European Union, demographics better than China, and free of a lot of the political worries that businesses elsewhere have to deal with. The sky is the limit for SE Asia, IMO.
 
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ansy1968

Brigadier
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Billionaire Li Ka-shing betting on South-east Asia's tech start-ups​

"In the past, we felt more innovation, opportunities and founders with science and technology background in the US, Europe and Israel, but now we are seeing Indonesia and broader South-east Asia really going through a very critical juncture," Frances Kang, a director of Horizons Ventures, told Bloomberg in an interview. The company "will only deploy more capital" into the region, she said, and has set up a team looking into opportunities there.

Horizon Ventures and Alpha JWC have over the past year invested in Indonesian online stock brokerage Ajaib, rapidly-expanding coffee chain Kopi Kenangan and capsule hotel operator Bobobox. Alpha manages some US$200 million across two funds and has invested in more than 40 startups.

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Let's have a thread for this market of 673 million people, bigger than the European Union, demographics better than China, and free of a lot of the political worries that businesses elsewhere have to deal with. The sky is the limit for SE Asia, IMO.
@gadgetcool5 bro he is a dead man walking, The ASEAN with RCEP is looking toward China for economic growth, Why invest overseas when he can use HK to buy Chinese tech companies? I think you know the reason and the CPC will want to invite him for a tea drinking session...LOL
 

Strangelove

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The authorities of the Vietnamese capital Hanoi inaugurated the China-built Cat Linh-Ha Dong metro line project on Saturday, making it the first metro line in the country to start commercial operation.

The project was handed over to Hanoi by its investor, the Vietnamese Ministry of Transport, on the same day.

All metro passengers can enjoy free rides during the first 15 days of the commercial run.

After taking a free two-way trip on Saturday morning, Hoang Thi Huong, a 30-year-old passenger from Hanoi's Thanh Xuan district, said the metro line is as modern as those she had seen overseas.

"Taking these trains, I will no longer have to worry about congestion every morning while going to work," Huong told Xinhua, hoping that more urban railway projects will be constructed to ease transportation in the city.

The elevated line is more than 13 kilometers long with 12 stations. Each train has four carriages capable of carrying up to 1,000 passengers and the train travels at a maximum speed limit of 80 kilometers per hour.

The Cat Linh-Ha Dong elevated railway project officially started construction in October 2011. Its trial run was completed in December 2020, with more than 70,000 kilometers of tests on thousands of trips, enabling the system to operate commercially, according to its investors.

Tickets for passengers will be priced at 30,000 Vietnamese dong ($1.33) for a day pass and 200,000 Vietnamese dong ($8.83) for a monthly one.

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Strangelove

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Yili launches Indonesia's largest ice cream production base​


chinadaily.com.cn | Updated: 2021-12-13 08:30

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Yili Indonesia dairy production base. [Photo provided to chinadaily.com.cn]
Dairy producer Yili Group held an opening ceremony to celebrate the official launch of the first phase of the Yili Indonesia Dairy Production Base on Dec 10, 2021. Upon completion of its second phase, the production base will become the country's largest ice cream factory with a daily production capacity of four million ice cream products.

The facility has been established to meet the surging demand for Joyday ice cream, a brand that has rapidly expanded its reach to 260 cities in 26 provinces, covering nearly all of Indonesia, since its entry into the market in 2018.
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A ceremony marks the rollout of the Yili Indonesia Dairy Production Base in the Southeast Asian country's Bekasi city in West Java, on Dec 10, 2021. [Photo provided to chinadaily.com.cn]
"Local consumers' clear preference for and trust in our products has reinforced Yili's confidence about our long-term investment and development in Indonesia," said Pan Gang, chairman and president of Yili Group, in a virtual speech delivered at the ceremony. "Yili is always dedicated to following the highest standards to drive quality, sustainable development over the long term and establishing localized operations that benefit the communities where we operate. This ensures that we can better serve local consumers and make deep contributions to socio-economic development throughout the region."
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Joyday ice cream. [Photo provided to chinadaily.com.cn]
Catering to local needs while leveraging the global resources brought together by Yili Group, the Indonesia-based hub aims to speed up Joyday's product manufacturing, R&D and marketing efforts, with more new products to come, in order to bring more unique services and consumer experiences to local customers.
 

Strangelove

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China-Laos Railway.jpg

KUNMING, Jan. 18 (Xinhua) -- The newly-opened China-Laos Railway has carried over 1 billion yuan (about 157.4 million U.S. dollars) worth of international freight, announced Kunming Customs in southwest China's Yunnan Province.

By Monday, 153 freight trains had been handled by the customs, with the total freight volume reaching 59,500 tonnes.

Since the railway was opened to traffic on Dec. 3, 2021, over 100 types of goods have been transported across the China-Laos border through Kunming. Natural rubber, iron ore, and charcoal are the major imported commodities, while fresh vegetables, daily necessities, and mechanical and electronic products are the major exports.

Kunming Customs said the China-Laos Railway connects 15 Chinese cities with Thailand, Singapore, and several other countries along the Belt and Road.
 

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