Duc Dao
Indonesia’s supply chain growth platform Baskit raises $4.4M Series A to expand Southeast Asia operations
Indonesia-based Baskit, a technology and financial services platform focused on digitizing offline distribution networks in Southeast Asia, has secured $4.4 million in a Series A funding round.
Malaysia’s AI-powered digital lender Ryt Bank surpasses 1.2M users in 7 months of launch
Ryt Bank has exceeded 1.2 million users just over seven months after its launch in August 2025, the lender said in a release on Tuesday.
Korea’s POSCO Future M to invest $400M in battery materials plant in Vietnam
POSCO Future M will invest at least $400 million in Song Cong 2 Industrial Park in Thai Nguyen province, northern Vietnam, in order to build its first large-scale battery materials manufacturing facility in Vietnam.
Sri Lanka, Alipay+ partner up to tap 1.8B users in tourism push
LankaPay, Sri Lanka Tourism Development Authority, and Alipay+ have entered into a strategic collaboration aimed at boosting Sri Lanka’s tourism appeal and attracting international visitors, particularly from Asia and the wider Asia-Pacific region.
Asia Pacific to drive two-thirds of global retail growth as agentic AI gains momentum
The Asia Pacific region is expected to generate around two-thirds of the world’s new retail sales over the next five years, driven by a consumer base of more than 4.3 billion people, 18 megacities, and a rapidly expanding middle class.
Payment platform ShopBack, restaurant tech platform Eats365 partner up to power F&B growth in Hong Kong
ShopBack, a shopping-rewards-payment platform in the Asia-Pacific, has announced a strategic partnership with Eats365, a restaurant tech platform, to integrate rewards, payments, and consumer engagement capabilities into offline food and beverage (F&B) operations in Hong Kong.
Singapore-based cloud service OrtCloud raises $1.7M pre-seed funding to advance AI-focused cloud infrastructure
OrtCloud, a Singapore-based cloud infrastructure company, has raised $1.7 million in a pre-seed funding round led by Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures, with participation from early-stage investor Antler.
Ride-hailing service GSM launches electric mobility platform in Indonesia, Philippines
Green and Smart Mobility (GSM), the ride-hailing service under the ecosystem of Vietnam's conglomerate Vingroup, has launched its shared business platform, Green SM Platform, in Indonesia and the Philippines.
Vietnam’s EV maker VinFast aims to up localization rate from 60% to 80%
VinFast, the electric vehicle (EV) manufacturer of Vietnam's conglomerate Vingroup, aims to raise its localization rate from 60 percent to 80 percent in 2026.
China’s printed circuit board manufacturer Victory Giant Technology posts $470M revenue in Vietnam in 2025
Victory Giant Technology, a Chinese manufacturer of printed circuit board (PCB), posted a revenue of RMB3.23 billion ($473 million) in Vietnam in 2025, according to the firm's "Global Offering" filing with the Hong Kong Stock Exchange (HKEX) on April 10.
