Asia Digest: Founders Factory initiative; Binance bags Kazakh licence; Alipay out of Shanghai priority list

Asia Digest: Founders Factory initiative; Binance bags Kazakh licence; Alipay out of Shanghai priority list

FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in St Julian's, Malta October 4, 2018. REUTERS/Darrin Zammit Lupi

London-based startup accelerator Founders Factory is launching a venture-building initiative in Asia while Binance has secured a permanent licence in Kazakhstan. Also, Alipay has reportedly been removed from Shanghai’s high-tech company list.