Hong Kong’s Mapxus raises $5M in series B funding led by Kawasaki Heavy Industries

Mapxus, the Hong Kong-based indoor Geographic Information System (GIS) platform, has on Thursday announced the successful completion of its Series B funding round, raising over $5…

EV sales collapse as subsidies and tax credits come to an abrupt halt, says Rystad Energy

The global electric vehicle (EV) market is reeling from one of the most dramatic collapses in monthly sales to date, with Rystad Energy research showing that only 672,000 units…

AWS to launch infrastructure region in Malaysia; plans to invest $6 billion by 2037

Amazon Web Services (AWS), an Amazon.com, Inc. company, has on Wednesday announced plans to launch an AWS infrastructure Region in Malaysia. As part of its commitment to the…

PropertyGuru revenues grow 17 pct on-year in 4Q

Singapore-based property technology company PropertyGuru has on Wednesday announced that its revenue for the fourth quarter ended December 31, 2022, rose 17 percent year over year…

The Sandbox expands to Germany with the acquisition of game development studio Sviper

The Sandbox, a decentralized gaming virtual world and subsidiary of Hong Kong-based gaming firm Animoca Brands, has on Tuesday announced it has acquired Sviper GmbH, the German…

Singapore’s B Capital closes inaugural healthcare fund at $500M

B Capital, a Singapore-based multi-stage investment firm, has closed its inaugural B Capital Healthcare Fund I at $500 million. The fund which was in conjunction with B Capital…

VinFast officially delivers first electric vehicles to United States customers

Vietnamese car maker VinFast said Wednesday it has delivered the first 45 VF 8 City Edition all-electric sport utility vehicles (SUVs) to United States customers at its nine…

East Ventures and Temasek Foundation launch Indonesia’s climate tech innovations platform

Indonesia-focused venture capital firm East Ventures, and Singapore-based non-profit organization Temasek Foundation, have launched Climate Impact Innovations Challenge (CIIC),…

Singapore’s iLex closes $4.5M Pre-Series A round led by QBN Capital

ILex, a Singapore-based market infrastructure provider for syndicated loan and private debt markets, has on Thursday announced it has raised $4.5 million in new capital. The round…

Malaysia’s Durioo+ raises $2.85M in seed round led by Y Combinator and Gobi Partners

Malaysian Islamic-themed streaming service Durioo+ has closed a seed funding of $2.6 million.Among the investors are Y Combinator, Uncommon Capital, Gobi Partners, Lynett Capital,…

GoPay Coins expands its reach beyond the GoTo ecosystem

GoPay has on Wednesday announced that GoPay Coins, the unified rewards program used by GoTo Group, has been expanded beyond the GoTo ecosystem.

Top five winners announced in MYStartup Pre-Accelerator Program Cohort 2

Top five winners have been announced in MYStartup Pre-Accelerator Programme Cohort 2 Demo Day, following a five-month intensive enrichment programme. The five winners are Acxyn,…