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SMEbiz news in brief

Alipay got its start in 2004 as a way for the customers of Alibaba Group Holding Ltd to more easily buy goods online. Now the business’s parent company may be worth US$75bil — more than Goldman Sachs Group Inc.

Focus

Global banks muscling into Indian startup scene

Late to the party, global investment banks are determined to get a slice of the action from the booming startup scene.

News

SMEBiz briefs

AMMB Holdings Bhd (AmBank) expects the SME segment to continue its strong double-digit growth this year underpinned by the cut in the Overnight Policy Rate (OPR).

News

Viet startups draw foreign funds

Vietnam’s startup scene, which has a higher concentration of companies relative to population than India or China at 1,500, are catching the eye of foreign funds. And the demographics look good too.