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ALIBABA (S) PTE. LTD.
UEN:201924703M
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ALIBABA (S) PTE. LTD. has a TrustScore of 66. Our system is actively collecting and analyzing information about this business. Additional data points are being verified and processed.
Our preliminary analysis has revealed key insights about ALIBABA (S) PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Has been operational for several years
Official business profile found on major search engines
Didi is counting on a remarkable post-pandemic recovery that accelerated after China’s became the world’s first major economy to emerge from COVID-19. People returning to work and a resumption of travel helped revenue more than double to 42.2 billion yuan ($6.6 billion) in the first quarter, reversing a decline in 2020. It’s one of the largest Chinese Internet giants to tap public markets in recent years, part of a second wave of tech stars aspiring to join Alibaba Group Holding Ltd. and Tencent Holdings Ltd. in the upper echelons of the country’s industry. With more than 493 million annual active users mostly in China, the startup earlier raised funding at a $62 billion value and has been considering seeking a valuation of as much as $70 billion to $100 billion in the IPO, Bloomberg News has reported.
I came across an opening for the global partnership team in Alibaba Cloud, the enterprise technology arm of the major Chinese multinational corporation of Alibaba Group. After reviewing the job description, I felt I had the necessary skills and experience, and so I applied. But during the interview, I found out that the role was quite different from what I thought.
But that will also pit GoTo against Alibaba Group Holding Ltd.-owned Lazada South East Asia Pte. Ltd. and Sea Ltd.'s Shopee in the e-commerce space. And, its financial services business will compete with the fintech arm of Grab Holdings Inc., the ride-hailing app from Singapore that has similar ambitions to grow its fintech business across Southeast Asia. Household Chinese fintech names such as Alibaba and Tencent Holdings Ltd. have narrowed on Southeast Asia, one of the fastest-growing economic regions in the world, for future expansion. Tencent announced a regional hub in Singapore, while Alibaba's affiliate Ant Group Co. Ltd. is seeking opportunities in payments and other fintech applications. Grab and GoTo plan to grow using the same playbook as the Chinese giants: tap into the financial lives of their users and utilize their combined platforms to sell financial services ranging from credit to insurance.
10 June 2021
The Monetary Authority of Singapore (MAS) has received over 300 requests for payments and crypto exchange licences, including applications from Alibaba and Google. - The MAS is working out how to speed up the application process, the authority's chief financial technology officer, Sopnendu Mohanty, said in an interview with Bloomberg. - Companies apply under the Payment Services Act, a comprehensive regulatory framework for companies handling activities relating to digital assets, including payments and trading.
4 June 2021
Eighty per cent of the world’s top 100 tech firms already have a regional headquarter in the country, according to the Economic Development Board (EDB) of Singapore. A notable few include industry giants such as Google, Alibaba, Grab, SEA, and PayPal. As more global tech players flow into Singapore’s shores, a digital platform surge may be on the horizon. This makes us wonder:
41001
GENERAL CONTRACTORS (BUILDING CONSTRUCTION INCLUDING MAJOR UPGRADING WORKS)
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.