China's Zall to invest in Singapore arm

It is one of the bidders shorlisted for a wholesale digital banking licence.

Chinese B2B e-commerce firm Zall has announced it will invest in its Singapore operations through recruitment efforts and technology to support SMEs into trading more freely in ASEAN.

It will invest through Commodities Intelligence Centre (CIC), a joint venture between Zall, the Singapore Exchange (SGX) and Global eTrade Services (GeTS).

Zall is one of the nine bidders who made the shortlist for Singapore’s wholesale digital banking licence. This marks the firm’s fourth major project in the country.