Here’s what you should know today.

1. Ant Financial wants to raise up to $3 billion to fund expansion 

Ant Financial, the parent company of China’s largest online payment service Alipay, is seeking to raise between $2 billion and $3 billion in debt to fund acquisitions and expansion plans, Reuters and other media outlets report citing sources.

The company has been on a recent shopping spree. In January, Ant Financial said it would acquire US money-transfer company MoneyGram for about $880 million. It has also invested in Indian mobile payment and e-commerce website Paytm and Thai financial technology firm Ascend Money.

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2. Thailand’s cloud computing market grows by double-digits

Thailand’s local cloud market grew by 16% last year while the total IT infrastructure spend grew by 3.9% to 400 billion baht ($11.4 billion) in 2016. Organisations in Thailand adopt cloud services as they move towards digital transformation and shift away from legacy IT services.

“This year will see the local cloud market grow stronger than the past several years,” said Natasak Rodjanapiches, managing director for Thailand and Myanmar at Oracle Thailand, the local operating unit of the US software giant.

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3.  Singapore’s logistics startup Qourier raises a seed round of US$630,000

Singapore-based last mile logistics delivery company Qourier has raised a seed round funding of $630,000. Qourier does work very much like an Uber for logistics – people can open the app, request a delivery person and entrust them with their package. Couriers can be anyone.

Read the rest of the story here.

 

 

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