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