APAC Banking Sector Performance in 2022-2023: Navigating Economic Headwinds


The Asia-Pacific (APAC) banking sector faced a dynamic landscape in 2022-2023, marked by economic headwinds and varying performance across emerging markets (EMs) and developed markets (DMs). Let’s delve into the key trends and outlook for APAC banks during this period. 1. Steady Outlook Despite Challenges Despite challenges stemming from weakening global demand, high inflation, and […]

FPT announces acquisition of Next Advanced Communications (NAC)

The strategic investment signing ceremony between NAC and FPT took place in Tokyo, Japan

FPT Corporation (FPT) has acquired the IT services company Next Advanced Communications NAC Co., Ltd. (NAC), making it FPT’s first merger & acquisition (M&A) deal in Japan. With NAC as FPT’s wholly-owned subsidiary, the company aims to double its customer base and service offerings, deepening its foothold in the Japanese market. The strategic move aligns […]

Mori Building Launches Azabudai Hills

Mori Building Co., Ltd., Japan’s leading urban landscape developer, recently marked the official launch of Azabudai Hills, a mixed-use complex and world-class new neighborhood in central Tokyo. Industry sources added that embracing the concept of “Modern Urban Village – Green & Wellness”, Azabudai Hills is a nature-rich landmark with integrated urban functionalities including a top-tier business center, […]

Chinese electric vehicle industry boom: A boost to the Western economy

Global electric vehicle outlook - A representational image

A brief history of the automotive industry and the advent of electric vehicles Undoubtedly, exports bolster a country’s economy, and automobiles are the most beloved among the export categories. For perspective, it was through automobile exports that Germany and Japan gained advanced industrial economy status. The first gasoline-powered commercial car in the world was launched […]

Gurobi Optimization acquires October Sky in Japan

Gurobi Optimization has acquired October Sky, Japan’s leading mathematical optimization services provider.

Gurobi Optimization, LLC, a leader in decision intelligence technology, announced the acquisition of October Sky, the leading Japan-based mathematical optimization services and custom solutions, provider. This strategic acquisition brings together two industry leaders with a shared commitment to advancing the field of mathematical optimization and delivering unparalleled value to customers. October Sky has been at the […]

FourKites and Mitsui choose MKI as exclusive reseller in Japan

FourKites and strategic investor Mitsui & Co., Ltd. (“Mitsui”) have appointed Mitsui Knowledge Industry Co., LTD. (“MKI”) as the exclusive reseller of FourKites’ leading real-time supply chain visibility solutions in Japan. MKI, which brings decades of deep experience implementing transformational IT projects in Japan, will lead all go-to-market activities on behalf of FourKites, including carrier and customer engagements. In addition, […]

Authlete secures USD4M from SBI Digital Asset Holdings in Series A Funding

Authlete, the claimed leader in implementing the latest digital identity and API security standards, announced yesterday that it has raised approximately US$4M (500 million Japanese yen) in Series A funding from SBI Digital Asset Holdings (SBI DAH), part of the Japanese conglomerate SBI Group. Authlete will use the funds to accelerate its global expansion, develop new products, […]

JCB and Vietcombank launch VCB JCB Platinum Credit Card in Vietnam

JCB International Co., Ltd., (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) announced the launch of the Vietcombank JCB Platinum Credit Card. The new Vietcombank JCB Platinum card is launched to celebrate Vietcombank’s 60th anniversary. The cardholders have […]

Health2Sync partners Novo Nordisk & Biocorp in Japan

Health2Sync (Taipei, Taiwan and Tokyo, Japan) announces that its latest version of the Health2Sync app integrates insulin data from Mallya Cap, the connected device dedicated to insulin pens developed by Biocorp and marketed in Japan by Novo Nordisk. This partnership realizes the first data integration of its kind in the world and is expected to help patients on insulin […]

Zendure introduces balcony plug and play solar energy storage system

Zendure, one of the fastest growing energy technology startups based in US Silicon Valley, China and Japan, introduces SolarFlow, the first balcony plug-and-play solar energy storage system. The SolarFlow system consists of a photovoltaic hub and up to four batteries and is compatible with common balcony solar panels, giving apartment and house dwellers the ability to store […]