Singapore tech firm survives China to return to Asean
With ambitions for an IPO, ADERA has trained its attention on the unbanked potential in South-east Asia.
DOING business in China's ultra-competitive tech sector for over three decades has cultivated an "eat or be-eaten" mindset in Singapore-based tech firm ADERA.
With ambitions for an initial public offering down the road, ADERA has now trained its attention on the potential in South-east Asia, as financial institutions and government agencies here ramp up digital services to bring more into the financial system, said a senior executive.
As it is, ADERA's survival instinct has been honed from quickly shifting from its cushy card manufacturing business into secured data handling and digital automation.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Weaker yen keeps Japanese tourists at home while visitors throng
China could hinder BHP’s bid to become copper’s top producer
Wall Street bulls say stock rally can resume even without rate cuts
WTI expected to continue pullback before rebounding
Yen tumbles to 34-year low; US dollar gains after inflation data
Singapore banks unlikely to surprise at Q1 earnings, but expect upside from delayed rate cuts: analysts