Yello Mobile, which claims to be Korea's fastest growing mobile internet company, has signed a MoU with SBI Holdings, Japan's largest internet financial group, and Yello Financial Group, a Korean accelerator for financial technology companies to leverage SBI Holdings' global business network and resources to support its business development efforts in Japan and Southeast Asia.

Read more: Korea's Yello Mobile teams with Japan's SBI Holdings

IoT platform company Ayla Networks has teamed up with Chinese home appliance maker Changhong to launch a new generation of connected air conditioners. Ayla Networks will provide IoT cloud technology and cloud platform support for Changhong's split air-conditioning products worldwide, and Changhong will also make use of Ayla technology to create smart air-conditioning products in regions outside China.

Read more: Ayla Networks and Changhong to build connected air conditioners