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Today’s top tech news: Taiwan launches Startup Island to develop its presence in the global startup world

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Taiwan’s first national brand for startup – Startup Island Taiwan launched- Press release

As the only Asian country selected as one of the super innovators by World Economic Forum and was ranked 4th in National
Entrepreneurship Context Index in 2018/19, Taiwan is all set to launch its new startup brand: Island TAIWAN. It is planned and created by the National Development Council (NDC).

Island Taiwan, stands for the communal brand of the startup community and symbolizes the united power of startup companies in Taiwan.

In 2019, more countries in Asia tried to invest more funds in startup companies, including Korea and Vietnam. Helping startup teams grow and becomes success enterprise could be a challenge.

At the launch event, Dr. I. C. Jan, the Ambassador of Startup Genome, emphasized the importance of a unified and consistent identity for marketing. “Startup Island Taiwan could reflect the uniqueness and diversity of Taiwan with emotional connections and resonance,” said Jan, and he expected the brand would help Taiwan in the global startup communities.

He expects the brand to help Taiwan have a voice in the global startup communities in the future. He also urged
full supports from both the public and private sectors.

JCB Signs a Strategic Partnership Agreement with Keychain to Leverage Blockchain in the Payments Area- Press release

JCB Co., Ltd., the leading issuer and acquirer in Japan and a global payment network and Keychain, a leading blockchain technology provider today announced the collaboration in leveraging the blockchain in the payment area.

Keychain is building a new global data security infrastructure targeting the financial, industrial, and enterprise spaces. It’s the main product, is a solution accelerator that enables Keychain’s partners to build applications with self-sovereign identity, data-centric security, secure workflows, contracts, and settlement and custom digital assets.

Chinese wealth manager CreditEase is seeking fresh funding- Bloomberg

Chinese fintech giant CreditEase is raising new funds to bankroll its expansion in the country’s increasingly competitive wealth management sector, according to people familiar with the matter, said a Bloomberg report.

While CreditEase hasn’t decided on a target, it’s seeking several billion yuan in equity financing, the people said, requesting not to be named because the matter is private.

Deliberations are at a preliminary stage, the people added. A CreditEase representative declined to comment.

Also read: Startup Terrace — linking Taiwan’s startup ecosystem and connecting with the world

The Beijing-based company is boosting its data and cloud computing technology to fend off startups and foreign asset managers also seeking to win a slice of China’s wealth management business.

CreditEase offers investment services to high-net worth individuals and so-called mass affluent investors and is the majority owner of New York-listed peer-to-peer lending platform Yiren Digital Ltd.

Backed by Kleiner Perkins Caufield & Byers and IDG Capital, the company is seeking growth overseas, especially in Southeast Asia, to counter a cooling economy at home. Its customers are also keen to diversify their holdings abroad.

CreditEase is targeting an initial public offering in 2020, Chief Executive Officer Tang Ning has said.

UK regulator to further probe Amazon-Deliveroo deal

Britain’s competition watchdog said on Friday it would undertake an in-depth investigation into Amazon.com Inc’s (AMZN.O) purchase of a stake in online food delivery group Deliveroo, weeks after expressing concerns over the deal, reported Reuters.

The Competition and Markets Authority said it had moved the probe to Phase 2 as both Amazon and Deliveroo had not cleared the doubts it had raised earlier this month before its Dec. 18 deadline.

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