China Mobile has decided to buy 20% of Shanghai Pudong Development (SPD) Bank for $5.83 billion cash. Under the deal, Guangdong Mobile – China Mobile’s biggest subsidiary – will become the bank’s second largest shareholder. Guangdong Mobile has signed an MoU with SPD Bank “to closely cooperate in the joint development of mobile finance and mobile e-commerce businesses.” This Mobile-Bank partnership promises wireless finance services including mobile bank cards and payment services. The investment presents China Mobile a platform to offer wireless banking services to more than 527 million customers in the world’s fastest-growing major economy. Full rport.
Influencing data governance policy in South and Southeast Asia
What is meant by data governance? What laws/policies are countries in South Asia and Southeast Asia bringing in to protect data privacy?
LIRNEasia is hiring: Data Scientist
LIRNEasia is looking for a skilled Data Scientist to join our team. The full job description is available here.
Unlocking Data for Artificial Intelligence in Sri Lanka: LIRNEasia hosts exclusive forum in Colombo
LIRNEasia hosted a forum on December 7, 2024, titled “Unlocking Data for Artificial Intelligence in Sri Lanka” at the ITC Ratnadipa Hotel, Colombo. The event brought together AI experts, data scientists, policymakers, and industry leaders to explore practical ways to leverage data and artificial intelligence for informed decision-making and meaningful societal and organizational impact.
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