???? ??| 2024 Singapore and Southeast Asia Technology Policy Year in Review
Tahseen Consulting
We're a small team working on big things at the intersection of policy, development, and technology.
Tahseen Consulting started by revisiting #Singapore’s interesting #digitaleconomy policies, trends, and notable headlines - BUT then we subsequently decided to expand this review to cover all of Southeast Asia since there were some many dynamic developments.
Here are our picks for the biggest 2024 #techpolicy developments.
JANUARY
? SILICON BOX turns ?? with $200M Series B
? Government proposes #generativeAI framework, asks for international input
FEBRUARY
? #OnlineCriminalHarmsAct enters into force
? netflix to ▲ originals, #Chinese language productions
? Temasek and Norinchukin Bank launch $173M agriculture and #foodtech fund
? Government to ▲ MNC taxes, #AI investment
MARCH
? #AI #personaldata use guidelines issued
? Carro acquires Beyond Cars to enter #HongKong
? #Cryptoexchange OKX gets operational approval
APRIL?
? Bank of Singapore, Asia's Global Private Bank expands #MENA footprint
? Centralized #AML / #CFT platform introduced
? Government awards 4 #BNPL players accreditations
MAY
? Amazon Web Services (AWS) invests $9B
? #Cybersecurity amendment bill passed
? 阿斯利康 announces a $1.5B #Singapore facility
JUNE
? 谷歌 boosts #cloud, #datacenter investment to $5B
? Vanguard International Semiconductor Corporation (VIS) , 恩智浦半导体 to develop $7.8B #chip plant
? Nium raises $50M Series E at a $1.4B valuation
JULY
? #Globaltalent criteria tightened
? #Semiconductor firms courted to tap the #AI boom
? GIC sees lowest investment return in 4 years
? Landmark EU #DigitalTradeAgreement signed
? Edible insects allowed to bolster #foodsecurity
???? is the fastest growing #SoutheastAsia #datacenter market
???? lifts foreign ownership caps for #cloud, #datacenter market
???? to tax foreign #digital services
AUGUST
? ComfortDelGro partners with 小马智行Pony.ai on #robotaxis
? Platform worker protections being considered
? 星展银行 expands its #Dubai footprint
? #BigPharma ▲Singapore investments
? Singtel launches National Quantum-Safe Network
?? #China’s GDS Holdings Ltd. investing $1B in a #SoutheastAsia #datacenter push
??Southeast Asia's #tech giants Grab , GoTo Group , and Sea face investor profitability pressure
???? lagging Southeast Asia peers in #semiconductor sector
???? active #ewallets ▲ to 34M+
????? 99 Speedmart launches $532M #IPO – biggest IPO in 7 years
???? 亚马逊 to invest $6.2B in Amazon Web Services (AWS) Region
SEPTEMBER
? Singtel, GMI Cloud partner on #GPU capacity rollout
? SCI Ecommerce SG mulls $1B+ #IPO
? #Tech, semiconductor deals signed with India
? #Crypto ownership ▼ 26% due to volatility, regulator scrutiny
? #Stablecoin payments surge to record $1B
? Singapore companies are 1st movers in India, MENA expansion
?? Tencent Cloud expands #palmverification in Southeast Asia
???? forms a publishers #payment committee
???? GoTo Group to shut operations
???? LINE MAN Wongnai leads #fooddelivery and #ridehailing sales
???? to launch new #EV roadmap
?????#socialmedia licensing plan continuing to face backlash
OCTOBER
?? #AI for Science initiative gets $92M boost
? #Deeptech investment initiative increased to $332M
? Grab to spend $3M / year on benefits for Platform Workers Act
? Real estate #AML rules tightened
? OpenAI planning a Singapore office
? Virtual power plant regulatory sandbox being explored
??Southeast Asia gains momentum as a global #datacenter hot spot with #AI boom
??Southeast Asian countries adopting #stablecoins to reduce #FATF scrutiny
??88% of Southeast Asian consumers trust #AI for online shopping
??#Malaysia, #Indonesia, #Vietnam, #Thailand become #BRICS members
???? considering a 12% VAT on foreign #digital services
???? blocks Temu to protect MSMEs,
???? leads #ASEAN in cashless adoption - Visa
NOVEMBER
? GIC-backed Coda Payments gets major payments license
? Deliveroo rolls out shopping service
? Singapore accounts for 50%+ of #VC seed funding for startups
? Shopee , Grab have room to grow on low penetration
?? Southeast Asia raising $3B from #IPOs YTD – the lowest since 2014
?? Southeast Asia #digitaleconomy to hit $11B this year, ▲ 3X from 2022
?? Southeast Asia leading #Chinese #app installs globally
???? launching #GenAI guidelines
???? Temu, SHEIN told to register or be blocked
???? 富士康 investing $80M
???? #IPO boom continuing into 2025
???? saying 苹果 $100M investment not enough to lift iPhone16 sales ban
DECEMBER
? Robinhood to open office, expand in #APAC
? Bumble Inc. increasing in-person focus with activations
?2 new #ridehailing apps - Trans-Cab and Geolah – to start operating
? Singapore surpassing #HongKong as a #crypto hub
? #China’s 小米科技 to expand presence
? GIC co-leads data and #AI firm Databricks $10B funding
?? Southeast Asian #tech #startups missing out on the $60B #AI boom,
?? Coinbase expanding its Southeast Asia business with #THB, #PHP #stablecoins
???? NVIDIA to develop 1st #sovereigncloud
???? sets up #AI office to oversee policy, regulation
???? #AI impacting 36% of jobs
???? #socialmedia laws raising freedom of speech concerns
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In case you missed it, here are all of our 2024 year-end wrap ups …
???? | UAE ? https://www.dhirubhai.net/pulse/2024-united-arab-emirates-technology-policy-year-review-ncdhf?
???? | Saudi Arabia ? https://www.dhirubhai.net/pulse/2024-saudi-arabia-technology-policy-year-review-tahseen-consulting-hsqhf
???? | Egypt ? https://www.dhirubhai.net/pulse/2024-egypt-technology-policy-year-review-tahseen-consulting-9k3yf/
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1 个月Love this
Very informative