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.
ADERA was once focused on smartcard manufacturing in China, and claimed a leadership position. Formerly known as Jing King Tech Group, ADERA was producing over 300 million cards a year at the peak of its business in the 2000s, with a core fo…
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