Welcome to our ‘News In Brief’ column in which we digest all the news releases for you in no more than five paragraphs.
Below are snippets of all the media releases we received from March 10 till the end of the week.
This article updates throughout the week.
Choco Up, Wonder Capital Partner
Hong Kong, March 11: Choco Up has partnered with Wonder Capital Group to launch a USD 50 million private credit fund series, starting with a USD 10 million round led by CMAG Private Credit Fund.
The initiative aims to bridge the USD 2 trillion funding gap for APAC SMEs by offering flexible, non-dilutive financing solutions.
Choco Up has financed over USD 1 billion in gross merchandise value across the region, and this partnership enhances its access to institutional investors.
Wonder Capital’s expertise in investment management strengthens the collaboration, driving sustainable growth for asset-light businesses in sectors like e-commerce, SaaS, and technology.
Malaysia’s AI Adoption Hurdles
Kuala Lumpur, March 11: A survey by Alibaba Cloud reveals that 77 per cent of Malaysian businesses are intrigued by AI’s role in sustainability, yet 81 per cent cite high energy consumption and 75 per cent highlight security risks as major adoption barriers.
While 88 per cent of businesses stress the importance of sustainable technology, 68 per cent believe Malaysia lags in cloud and AI adoption due to knowledge gaps, cost constraints, and technical limitations.
The report underscores the growing demand for green AI solutions and highlights Alibaba Cloud’s commitment to sustainable computing through renewable energy and open-source AI advancements.
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