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Asia’s Tech News

August 2024 summaries

Technology news from across SEA & the Indo-Pacific in August of 2024 touched on successes and challenges, implementations and developments across a huge range of technologies, whether established, emerging or critical in nature.

In August 2024, Asia’s technology headlines captured items including, for instance: India’s progress towards completion of a small-scale quantum computer; Singapore’s DBS bank trials of programmable grant distribution using DLT, distributed ledger tech; South Korea’s moves into prismatic form-factor EV batteries; China’s new brain-computer interface research centre in Fudan; and many more.

Don’t miss: Critical technologies in July >

For a one-shot weekly overview of Asia’s tech news, check our weekly newsletters via Substack and on LinkedIn.

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AsiaPacific Data Centers

Cushman & Wakefield: Asia Pacific Data Center Market H1 2024

Australian tech news: August 2024

  • Australia’s Sun Cable project, potentially to become the world’s biggest renewable energy project, mulls technology options as it works towards final commitment on $35BN project
  • Australia: A look at ElectraLith, extracting and refining lithium to produce battery-grade hydroxide from a range sources using no water or chemicals, and minimal energy…

Australia: August 2024 >

ASPI Australia and subsea cables

ASPI: The future of subsea cables and opportunities for Australia

Cambodia snapshot: August 2024

  • Cambodia: Bakong Tourist app preps for launch, allowing tourists to pay with and top up Bakong digital wallet using credit cards, without a Cambodian bank account…

Cambodia: August 2024 >

KPMG e-commerce Asia Pacific

KPMG: Navigating the future of seamless e-commerce in Asia Pacific

China’s tech headlines: August 2024

  • China: Bank of China establishes $4.21 billion fund-of-funds to invest in tech innovations, forming the fund in partnership with local governments and industry
  • China: Country’s largest-yet cargo drone completed 20-minute test run with cargo of 2 metric tons…

China: August 2024 >

China's stimulus package - October 2024

Schroeders: China Chartbook – Stimulus arrives, finally

HONG KONG tech news: August 2024

  • Hong Kong: Futu Securities, the city’s largest online brokerage, enters crypto by enabling retail Bitcoin and Ether trading, Bitcoin deposit bonuses and more…

Hong Kong: August 2024 >

HSBC Asset Tokenization

HSBC: Asset Tokenization in the Quantum Age

India’s tech Headlines: August 2024

  • Tamil Nadu’s Space Zone India launches Rhumi-1, the country’s first reusable liquid-solid fuel rocket, from a mobile platform, delivering 3 cube-sats and 50 PICO-sats under 1kg
  • India: Tata Group’s Assam semiconductor plant is expected to be operational by mid-2025, with projected jobs boost of 27K positions in total…

India: August 2024 >

India Startups H1 2024

Indian Tech Startups Funding Report H1 2024

Indonesia snapshot: August 2024

  • Indonesia: Beleaf Farms agri-tech startup secures $6.9M Series A with platform to monitor weather, seeding, planting, nutrient dosing, farm planning and harvesting
  • “Indonesia will become the 2nd largest [electric vehicles battery] material producer in the world, 2nd only to China…”

Indonesia: August 2024 >

Indonesia's critical minerals strategy

East Asia Forum: Indonesia’s critical minerals strategy needs ambition

Japan’s tech news: August 2024

  • Japan: Isuzu Motors partners software firm, Applied Intuition, to jointly develop self-driving trucks capable of full automation, targeting Japanese highways for 2027
  • Japan: Techstars Tokyo accelerator unveils 12 startups selected for the 3-month program, which culminates in a November pitch event…

Japan: August 2024 >

Physical realities of energy transition

McKinsey: Navigating the physical realities of the energy transition

South Korean tech: August 2024

  • South Korea: Samsung moves into CXL memory in bid to catch next AI tech wave, with CXL potentially boosting server memory capacity 10-fold
  • South Korea: An intro to Telefix, working on satellite imagery cameras and analysis and looking at opportunities in Europe and the US…

South Korea: August 2024 >

AI impact on teens, parents and schools

The Dawn of the AI Era:: Generative AI, teens, parents, home and schools

Malaysian tech news: August 2024

  • Malaysia: National Blockchain Infrastructure, MyEG e-gov’t services provider and other gov’t units partner Worldcoin for ID integration with national systems
  • Malaysia: MYStartup pre-accelerator unveils 30 tech startups selected for Cohort 4, working on businesses from coffee to cybersecurity…

Malaysia: August  2024 >

MYStartup Malaysia

MYStartup – Single Window to Malaysia’s Startup Ecosystem

New Zealand tech: August 2024

  • New Zealand: GeoExchange New Zealand launches to discover, develop and protect the nation’s abundant low-temperature geothermal resources…

New Zealand: August 2024 >

NZ Generative AI

Microsoft and Accenture: New Zealand’s Generative AI Opportunity

Philippines tech: August 2024

  • The Philippines’ central bank lifts moratorium on digital banks in bid to boost financial inclusion and access to digital services
  • Philippines: “315,000 compromised credentials, 17,456 phishing attacks, and numerous vulnerabilities are just some of the alarming statistics… in the first half of 2024…”

The Philippines: August 2024 >

Stablecoins: The Emerging Markets Story

Stablecoins: The Emerging Markets Story

Singapore tech news: August 2024

  • Singapore’s Equatorial Space rocket firm secured $1.5M pre-A led by Singapore’s Farquhar VC, with Australia’s Paspalis participating
  • Singapore’s Singtel launches National Quantum-Safe Network Plus, NQSN+, to equip enterprises with the ability to future-proof critical networks…

Singapore: August 2024 >

GITEX Asia tech conference

GITEX Asia Tech Conference & Expo: April 2025 in Singapore

Taiwan’s tech news: August 2024

  • Taiwan-India Chips Cooperation and the Logic of Choosing India’ via the Carnegie Endowment for International Peace
  • Taiwan’s Foxconn preps to construct battery energy storage systems unit in India, potentially leading to a tie-in to Foxconn’s 3+3 focus on EVs, digital health and robotics…

Taiwan: August 2024 >

Indo-Pacific Space and Earth Conference

Indo-Pacific Space and Earth Conference – Australia in November

Thailand’s TEch News: August 2024

  • Thailand Post approved to participate in virtual banking, pitching itself as a neutral agent to complement commercial firms receiving licenses…

Thailand: August 2024 >

Securing critical minerals for energy transition

Critical minerals and the energy transition

Vietnam snapshot: August 2024

  • EU-Vietnam Sustainable Energy Transition Programme rolls out accelerator focusing on energy efficiency in industrial, transport and green building sectors
  • India has granted a $300M loan to Vietnam to boost maritime security, alongside discussing cooperation in AI, cloud computing, semiconductors and more…

Vietnam: August 2024 >

G20 Roadmap for cross-border payments

Deutsche Bank: G20 Roadmap for enhanced cross-border payments

critical Tech news: August 2024

  • New Zealand: Dawn Aerospace hits milestones with highly-reusable ‘spaceplane’ achieving Mach 0.92 and altitude of 15000m
  • China: Shanghai Spacecom Satellite Tech launch of first G60 mega-constellation sats sees Long March 6A rocket disintegrate, creating hazardous debris cloud
  • China: UAV test flight successfully carries near 3.2 tons of cargo, completing 40-minute flight with potential altitude claimed of 7300 metres and 2200km range…

Critical technologies, globally: August 2024 >

Critical tech news, August 2024

Critical technologies, globally, in August 2024

Alternatively

Critical tech quarterly, Q2 2024

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