News & Reviews:   investment

It looks like the US government is now after Xiaomi for the same reason that they imposed a trade ban on HUAWEI. Earlier, it was reported that US individuals or companies are not allowed to invest in the Chinese tech company anymore as it was added to the blacklist of companies suspected of having ties to the ruling Chinese Communist Party. However, the good news has arrived today with an official statement from Xiaomi claiming that the restriction has now been removed.

Apple entering the car business is not the latest news anymore as the rumours have been roaming around for years. Earlier, it was reported that the tech giant has finally taken the first step by choosing Hyundai as a partner for car production. Now, the deal might be closed soon as Apple is reportedly going to invest 3.6 billion USD (~RM14 billion) in Hyundai's subsidiary Kia.

Apple entering the car business is not the latest news anymore as the rumours have been roaming around for years. Earlier, it was reported that the tech giant has finally taken the first step by choosing Hyundai as a partner for car production. Now, the deal might be closed soon as Apple is reportedly going to invest 3.6 billion USD (~RM14 billion) in Hyundai's subsidiary Kia.

It seems that Xiaomi has recently been placed in the US government’s blacklist, which means that US investors will not be allowed to purchase shares from Xiaomi. Unlike Huawei, Xiaomi is still able to import and use technologies from the US without a need for a license.

Go-Jek has announced that it is now fully available in Singapore as part of their 500 million USD investment to expand their services across South-east Asia which includes countries such as Thailand, Vietnam and Philipines up next.