JULYASIA BUSINESS OUTLOOK8Tencent Cloud, the cloud division of China's Tencent, announced a collaboration with Allo Bank, Indonesia's largest digital banking platform, on Wednesday to improve digital banking in the country. According to a statement from Tencent Cloud, the agreement enables the company to harness its local market knowledge and years of experience to create solutions tailored particularly to Allo Bank's needs.Tencent Cloud has established two Internet Data Centres (IDC) in Indonesia since 2021, showcasing its commitment to serving the country's ever-increasing commercial needs.Tencent Cloud has assisted Allo Bank in realising its aim of servicing Indonesia's underbanked population, especially tech-savvy young adults, by improving the Allo app with high-quality and secure services.TDSQL, for example, is a dependable and scalable database management system that provides the bank with computational and storage capabilities to manage enormous amounts of data efficiently and effectively. Its optimised thread pool scheduling techniques allow it to provide improved heavy load performance, which is crucial for handling Allo Bank's high transaction volume. Freakins, a denim fashion business for Gen Z women based in India, has secured $4 million in a seed round sponsored by Matrix Partners India and Blume Ventures. Over 30 angel investors, including Revant Bhate (Mosaic Wellness), Navin Agarwal (Sonal Apparels), Chakradhar Gade (Country Delight), Utkrishta Kumar (Meesho), Asish Mohapatra (OfBusiness), and significant influencers like Aayush Wadhwa, Tarini Shah, and Agastya Shah, contributed to the round.According to Freakins, the D2C brand will use the capital to grow its omnichannel presence, boost operations, and increase consumer salience. With a heavy emphasis on collaborations with creators, it also intends to develop exclusive collections tailored to the tastes of our customers.Founded by Puneet Sehgal and Shaan Shah, Freakins boasts of an extensive line-up of over 1,500 styles, featuring trendy fits, washes and rips that cater to diverse body types, preferences, and occasions. Mumbai-based Freakins claims to have over 35 categories and all styles are designed and manufactured in-house, and products are sold through direct-to-consumer channels and marketplaces. NEWSROOMTENCENT CLOUD PARTNERS WITH ALLO BANK TO STRENGTHEN DIGITAL BANKING IN INDONESIAFREAKINS NETS $4 MILLION IN SEED ROUND LED BY MATRIX PARTNERS & BLUME VENTURES
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