Russian tech firms turning to Asia for capital & customers: CGTN about RABU
Russian start-ups are competing for hundreds of millions of dollars of investment this week at a conference in Singapore. Organisers say that there's a trend of Russian firms looking for capital and customers in Asia, as relations with Europe and the US become fraught.
Four wheels good, two wheels better, and now even pedal bikes are going up a gear. This firm adds electric power to ordinary bikes.
"The difference is that it helps you to go uphill or go a bit faster."
And it's been going for just three years.
NATALIA KARMALEEVA, RUSSIAN-ASIAN BUSINESS UNION: "Singapore is a gateway to South East Asia, and to all of Asia. And it's actually a gateway to the US as well because of the bank transactions. And if we look at the political situation, because of all the sanctions, Singapore is more loyal than the USA."
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