Indonesia’s Coldspace raises $3.8M seed fund led by Intudo Ventures, ASSA, Triputra Group
Coldspace, an Indonesian integrated cold chain solutions provider, has on Wednesday announced the completion of a $3.8 million seed round of fundraising. The funding was led by…
EU, US warn Malaysia of ‘national security’ risk in Huawei’s bid for 5G role – report
The US ambassador to Malaysia, warned of “national security risks” unless Malaysia stuck with its original plan for 5G deployment, according to the report.
ADB announces new program to accelerate billions in climate change financing
The Asian Development Bank (ADB) has on Tuesday announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program which could…
MUFG Bank partners Mitsubishi, Pavilion Private Equity to launch $1B climate tech fund
Japan's largest bank MUFG Bank has on Tuesday announced that it has established the Marunouchi Climate Tech Growth Fund L.P. with Mitsubishi Corporation and Pavilion Private…
Malaysia’s HOMA2U secures $875,000 funding from Singapore-based Quest Ventures
HOMA Sdn Bhd (HOMA2U), a Malaysian marketplace for renovation and interior design materials, announced Tuesday that it secured $875,000 in its pre-series A funding. The investment…
TDCX: ASEAN SMEs plan to invest $130 billion in digitalization
Small and medium-sized enterprises (SMEs) in ASEAN do not plan to slow down their investment in digitalization, and plan to invest a further $130 billion for digitalization over…
Bukalapak slips into the red with $68.18M net loss in 1Q
Indonesian e-commerce company PT Bukalapak.com Tbk (Bukalapak) said last Friday it has slipped into the red by recording a net loss of 1 trillion rupiah ($68.18 million) in the…
BigPay announces leadership transition as Capital A commits to sustain growth in fintech business
BigPay, a Capital A venture company and fintech firm based in Malaysia, has announced the appointment of Zubin Rada Krishnan as its Acting Group Chief Executive Officer.
Total transaction value made via Alipay by Chinese tourists in Singapore almost doubled in Q1
Alipay, the digital platform for payment and other digital services owned by China-base Ant Group, has on Friday reported that the total transaction value made by Chinese tourists…
South Korea’s Kakao Pay acquires majority stake in Siebert Financial Corp
Kakao Pay, a fintech subsidiary of Korean-based conglomerate Kakao Corp., has on last Thursday announced an agreement to purchase a 19.9 percent stake in United States-based…
Japan’s GLOBIS Capital Partners closes Fund VII at $534M
Japanese venture capital firm GLOBIS Capital Partners (GCP) has announced the final closing of its Fund VII at 72.7 billion yen ($534 million).
Alibaba Cloud announces Tongyi Qianwen Partnership Program
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has announced the launch of “Tongyi Qianwen Partnership Program”, which aims to co-create large…
GoTo closer to profitability as net loss down 41 percent y-o-y in 1Q
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, said its net loss fell 41 percent year on year to 3.9 trillion rupiah ($265 million) in the first…
How AI solutions can enhance customer experience
Gone are the days when businesses were using off-the-shelf solutions for customer services and planning out further business strategies. In this dynamic marketplace, where…
