Asian News Delivered Weekly is a new feature in our magazine in which the 4i Magazine team will gather fresh Asian news for our readers every week.
Amazon and India sign a deal to support local content
To encourage local content, Amazon India has partnered with the information and broadcasting ministry of the nation. The company will advertise made-in-India products internationally. In addition, it will offer state-run film institute students internships and scholarships.
According to a release, this cooperation will incorporate several Amazon services in India, including Prime Video, miniTV, Amazon Music, Alexa, IMDb, and its marketplace business. The ministry’s publication division will also select books and journals for Amazon. in’s retail feature to highlight.
Prime Video and miniTV will strive to give students at the Satyajit Ray Film and Television Institute and the Film and Television Institute of India internships and scholarships. In addition, classic content from the NFDC, Doordarshan, and the International Film Festival of India (IFFI) will be featured on Prime Video and miniTV to honour the festivities surrounding the 75th anniversary of Indian independence. Additionally, skill-based masterclasses will be held for the students of various film and television institutes, as well as 75 Creative Minds of Tomorrow, an annual talent enrichment program run by IFFI where 75 young, bright artists will be chosen and trained after being shortlisted by the ministry.
Apple’s First Retail Store in Mumbai
The first flagship store for iPhone manufacturer Apple will soon open in Mumbai, India’s financial centre.
“Inspired by the iconic Kaali Peeli taxi art unique to Mumbai, the Apple BKC creative includes colourful interpretations of the decals combined with many Apple products and services that will be available for our customers to discover,” Apple said in a statement to Tech in Asia.
Apple has over 500 stores in renowned international destinations like New York, Dubai, London, and Tokyo. Every store has undergone refurbishment to “feel like a town square” and serve as a location for public events. The space where all Today at Apple events are held in Apple Stores is notable for its canopy of trees and enormous “video wall,” which is used in the more interactive sessions.
Kairous Capital has established the Malaysia-China Digital Cooperation Council for tech investment
The Malaysia-China Digital Cooperation Council (MCDCC) and the Malaysia-China Digital Cooperation & Development Fund have been established thanks to two Memorandums of Understanding (MoU) that Kairous Capital, a venture capital firm with its headquarters in Malaysia, has signed with Digital Way Group and China Silk Road Group.
The MCDCC seeks to enhance technological and innovative cooperation between Malaysian and Chinese businesses. The Malaysia-China Digital Cooperation & Development Fund would put up to MYR1 billion ($226.28 million) into digital technology fields in Malaysia and China, such as big industrial data, digital applications, advanced manufacturing technology, and industrial technology.
Launch of cross-border QR payments connectivity by Singapore and Malaysia
A cross-border QR code payment linkage between Singapore’s Monetary Authority (MAS) and Bank Negara Malaysia (BNM) has been established, allowing consumers of partner financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes. The payment linkage would enable cross-border online e-commerce and in-person payments by scanning tangible QR codes displayed by businesses.
The collaboration between Singapore and Malaysia to increase cross-border payment connectivity has advanced significantly with the NETS-DuitNow QR code payment linkage. The payment linkage will give businesses and customers a more simple and effective way to send and receive money since pre-pandemic annual traffic between the two nations averaged 12 million people.
Smart Consumption by Young Malaysians, a new study shows
According to recent data from Shopee, more young Malaysians are choosing used, pre-owned, and demo products over brand-new ones. The pattern indicates that Malaysia’s youthful customers are growing more environmentally concerned and seeking to make wiser buying decisions.
According to Shopee’s data, 1.4 million value-based products were sold on the platform in the last three years, with fast-moving consumer goods like food, groceries, baby and pet supplies, and cosmetics and health products accounting for 50% of those sales. In contrast, 27% of the items were clothing, 17% were lifestyle items, and the remaining items used technology. Four out of every six times they search for something, Generation Z customers report to the company that they seek pre-loved, recycled, reused, or display units.
According to Kenneth Soh, Head of Marketing at Shopee Malaysia, value-based shopping is the way of the future. Generation Z customers tell the company that four out of every six times they search for anything new, they seek pre-loved, recycled, reused, or showcase units.
Shopee, the top e-commerce platform in Southeast Asia and Taiwan, encourages a diverse and sustainable digital ecosystem by giving companies the tools to become digital and expand their online presence. A key player in the worldwide consumer internet market, Sea Limited, which includes Shopee, Garena, and SeaMoney, is on a mission to use technology to enhance the lives of consumers and small business owners.
