Momentum Works: TikTok Shop U.S. GMV surpasses $9B in 2024

TikTok Shop’s global gross merchandise value (GMV) surged to $33.2 billion in 2024, more than doubling year-over-year, Momentum Works said Monday.

EVM, Solarvest and PECC2 forge strategic partnership to accelerate renewable energy adoption in Vietnam

Vietnam-based Saigon Jim Brother’s Corporation (EVM), Solarvest (Vietnam) Company Limited (Solarvest) and Power Engineering Consulting Joint Stock Company 2 (PECC2) have forged…

Indosat Ooredoo Hutchison & India’s AIonOS Unite to Power Indonesia’s AI Growth Journey

This collaboration aims to leverage AI for advancing Indonesia’s food security, talent development, and tourism.

MYEG partners with MyDigital ID Solutions to set up Malaysia’s blockchain-powered digital identity ecosystem

The MyDigital ID Superapp will provide a seamless, secure, and scalable solution for integrating digital identity management for commercial service providers.

Nestlé Philippines inks partnership with Mober to integrate EV in mid & last-mile delivery

As part of the partnership, Mober will provide electric trucks (e-trucks) to service Nestlé Philippines’ logistics needs across Metro Manila.

a car that has crashed into another car

How AI combats business insurance fraud

Fraudsters are becoming increasingly sophisticated, leveraging technologies that outsmart traditional systems. One solution is to invest in innovative technologies, such as…

MIMOS partners Masverse to develop blockchain infrastructure for Malaysia

Malaysia's national applied research and development (R&D) center for technology solutions MIMOS Berhad has partnered blockchain firm Masverse to develop blockchain…

Creador Founder and CEO Brahmal Vasudevan

Malaysia’s PE firm Creador closes Fund VI at $930 million, says Founder & CEO Brahmal Vasudevan

Since its inception, the firm has raised $3.1 billion from a diverse group of global investors, including prominent corporations, foundations, family offices, and institutions.

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How generative AI is revolutionizing creative industries and driving regional transformation in Southeast Asia

As businesses embrace generative AI, they must view the technology as a complement to human creativity, not a replacement. By fostering collaboration between humans and machines,…

Temasek backs Databricks in $15B financing to boost AI globally

Databricks, the global data and artificial intelligence (AI) company, has on Wednesday announced the final closing of its Series J funding.

Hong Leong sees Malaysian government supportive policies to provide competitive advantage in data center amid US AI chip curbs

While the recent US Framework for AI Diffusion presents a dent to Malaysia’s booming DC space, Hong Leong Investment Bank Research said Wednesday that Malaysian government…

Global data and AI firm Databricks expands presence in ASEAN by entering Indonesia

Databricks, the global data and artificial intelligence (AI) company, is expanding its presence in ASEAN by announcing plans to enter Indonesia.

Alibaba Cloud: outlook for the tech ecosystem in Southeast Asia in 2025 is ‘extremely promising’

The focus will be on fostering innovation and collaboration across industries, particularly in cloud computing and AI, to help businesses accelerate their digital transformation.

Trump unveils $500B major AI infrastructure venture led by Softbank, Oracle & OpenAI

The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX, who will work in close collaboration with technology partners Arm, Microsoft, NVIDIA, Oracle, and…