Tracxn : SEA FinTech startups funding declines 28% quarter on quarter in Q3
The total funding into Southeast Asia (SEA) FinTech startups fell 28 percent to $322 million in the third quarter of 2024 from $447.5 million in the second quarter, Tracxn said…
Tracxn : Singapore tech startups funding fall 26 percent year on year in third quarter
Singapore tech startup ecosystem secured total funding of $397 million in the third quarter of 2024, which is a 26 percent decline from $536 million raised in the corresponding…
Indonesia blocks e-commerce app Temu over regulatory violations – report
Temu is operated by PDD Holdings, the parent company of the well-known Chinese retailer Pinduoduo.
Moomoo Malaysia expands access to HKEX & China A-shares as investors appetite for Chinese assets doubles
This expansion allows Malaysian investors to access some of the world’s most vibrant financial markets, at a time when Asia continues to solidify its position as a key driver of…
Bintang Capital Partners launches $46.56M gender lens Semiconductor Impact Fund
Bintang Capital Partners Berhad (Bintang), a Malaysia-based private equity firm, has on Wednesday announced the launch of gender lens Semiconductor Impact Fund (BSIF I).
From government to grassroots: Businesses and communities shape Singapore’s digital future in Smart Nation 2.0
A decade after launching its original Smart Nation initiative, Singapore is poised to embark on the next phase of transformation: #SmartNation2.0. This refreshed strategy is…
AirAsia X shareholders back acquisition of Capital A’s aviation business
Malaysia-based low cost carrier AirAsia X (AAX) announced that its shareholders expressed strong support for the proposed acquisition of Capital A’s entire equity interest in the…
MOSTI announces seven local startups as winners of MYHACKATHON 2024 Cohort 1
The Ministry of Science, Technology and Innovation (MOSTI) of Malaysia and its agency, Cradle Fund Sdn. Bhd. (Cradle), have announced the list of seven winners for the MYHackathon…
Malaysia’s online crime cases increase 35.5 pct in 2023 with e-commerce crime accounts for 33.2 percent
Malaysia's online crime cases increased 35.5 percent year on year to 34,532 cases in 2023 from 25,479 cases in the previous year, with e-commerce crime accounted for 33.2 per…
UBS sees Malaysia’s green technology, data center as sectors of interest for foreign investors
Malaysia's green technology and data center are some of the sectors of interest for foreign investors, UBS said in its recent note.
Khazanah Nasional to launch initiatives to advance Malaysia’s venture capital ecosystem
Malaysia's sovereign wealth fund Khazanah Nasional Berhad (Khazanah) will launch the Emerging Fund Managers’ Program (EMP) and the Regional Fund Managers’ Initiative (RMI) under…
UAE’s DAMAC announces $1B investment in data center projects, forms strategic JV with Thai-based PROEN
The Asia-Pacific data center market is also projected to experience significant growth. The market size is estimated at 14.27 thousand MW in 2024 and is expected to reach 23.2…
Malaysia EV market slows amid consumer worries over charging docks & high maintenance costs
The Malaysian car market, which is traditionally dominated by petrol vehicles, is now witnessing a gradual shift in interest towards EVs – with 25 percent of Malaysians being…
Malaysia Retail Chain Association collaborates with Maxis to drive 5G technology adoption in the retail sector
Malaysia Retail Chain Association (MRCA), a 562-member organization representing Malaysian retailers and Maxis, a Malaysia-based integrated telco, have signed a memorandum of…
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