Malaysia’s Science & Technology Ministry looks into VCs’ suggestions to support tech startup ecosystem
Among the key areas discussed were potential tax incentives, flexible regulations, and creative financing models that could provide a robust framework for startups to thrive.
Temasek leads $140M India’s Ola Electric funding at $5.4B valuation – report
The investment round has been closed and Ola will be receiving the funds within a week's time, though there will be another round of fund raising before it files papers for an up…
Indonesia’s automotive aftermarket startup Otoklix reports 2x annual growth, targets to hit profitability in a year’s time
Otoklix is also gearing up to be a first-mover in Indonesia’s electric vehicle aftermarket, with a focus on outfitting and educating workshop teams to service electric…
Singapore’s Grab adds Web3 services to its super app – report
Users can now set up a web3 wallet, win blockchain-based rewards, pay with NFTs and more.
Tencent Cloud says international business posts strong growth
In the first half of 2023, international business posted double digit revenue growth, with particularly strong performances in Japan, Singapore, Malaysia, Indonesia, Europe, and…
HashKey Exchange & OneInfinity by OneDegree sign MoU to collaborate on digital wallet insurance & strengthen investor protection
This partnership aims to strengthen investor protection in the digital asset space while supporting the development of Hong Kong’s digital asset market with advanced tech-enabled…
ORZON Ventures invests in SLEEK EV, aims to revolutionize electric mobility in Southeast Asia
This strategic investment will fuel SLEEK EV's mission to accelerate the transition of 2-wheelers in Southeast Asia to electric.
From blocks to bytes, we need builders for Singapore’s digital domain, too
#Singapore's iconic public housing scheme is undergoing pivotal changes for greater inclusivity and equity. But Prime Minister Lee Hsien Loong's recent National Day Rally also…
Rethinking the future of 5G through the lens of extended reality (XR)
The convergence of #5G technology with #XR is a critical step towards increasing global connectivity and unlocking new social and economic opportunities, even towards the…
Korean Air selects NASDAQ-listed satellite communications firm Viasat’s inflight broadband service
Under the agreement, the Korean flag carrier has selected Viasat’s inflight broadband solution for its upcoming fleet of Airbus A321neo aircraft.
500 Global closes $143M across early-stage & growth vehicles for Southeast Asia; ropes in Khazanah, KWAP & EPF as LPs
Limited partners (LPs) across its early-stage and growth investment vehicles include a sovereign wealth fund, public and private pension funds like Khazanah Nasional Bhd, Kumpulan…
Singapore’s talent recruitment firm Glints’ revenue hits record highs; up 85% y-o-y, gross profits up 110%
Glints announced in December last year it is reducing its team size and retrenching some of its staff.
Josys raises $93M Series B to drive expansion & revolutionize global IT operations
Global Brain and Globis Capital Partners led the latest infusion of capital, bringing its total funding to $125 million.
India’s IndoSpace raises additional $150M investment led by Qatar Investment Authority, Grosvenor’s Diversified Property Investments
IndoSpace, the largest investor, developer, and operator of grade A industrial and logistics real estate in India, has announced the successful completion of its second round of…
