HONG KONG, CHINA, March 27, 2019: TAKARA PRINTING CO., LTD. (TYO: 7921), one of two only companies in the whole of Japan specialising in financial disclosure advisory, has invested in TRANSLASIA Holdings Pte.Ltd.which houses the rebranded Elite Asia brands (previously known as Elite Translations and Elite Interpreters) and the technology startup, AISA Digital Pte.Ltd. The company's first-ever investment in Southeast Asia shows its conviction in the growth of the East Asian and the Southeast Asian regions.
"Our investment in TRANSLASIA Holdings attests to our confidence in this region and our commitment to drive growth and expansion in East Asia and Southeast Asia. We see enormous potential in the Southeast Asian market and Singapore is a formidable gateway to that. We expect the growth of e-Commerce in this region to be immense and TRANSLASIA Holdings is strategically positioned to take advantage of this with its unique expertise in this region, its strengths, and its technological innovations," comments Ryusuke Okada, Director and Managing Executive Officer, TAKARA PRINTING CO., LTD. and Chairman, TRANSLASIA Holdings Pte. Ltd.
The fragmented nature of Asia has many businesses perplexed on how to successfully enter, grow, and succeed in this region. Businesses have to grapple with complex challenges like geographical and infrastructural disparity, cultural diversity, and language differences. Yet, its phenomenal growth rates and massive potential cannot be ignored by any business looking to succeed and thrive in the global economy. A Google--Temasek study projected that the Internet economy of Southeast Asia alone is set to exceed USD 240 billion in gross merchandise value (GMV) by 2025, having already reached USD 72 billion in 2018.