TechNode Global Staff
VinFast and Black Spade complete business combination
Vietnamese automaker VinFast Auto Ltd. (VinFast) and Black Spade Acquisition Co (Black Spade) have on Monday announced the completion of their previously announced business combination. The listed company shares and warrants will commence trading on the Nasdaq Stock Market LLC (Nasdaq) under the ticker symbols “VFS” and “VFSWW,” respectively, on August 15,…
Singapore’s multi-currency e-wallet YouTrip launches Apple Pay
Singapore’s multi-currency e-wallet YouTrip has rolled out Apple Pay integration, providing users a more seamless way to pay for in-store purchases, online transactions and public transport.
Singapore’s Play Ventures’ Fund I generates 1.5 times return in less than four years
Singapore-based gaming venture capital firm Play Ventures announced Monday that its debut Fund I has generated a return of 1.5 times to investors in distributed capital (DPI) in less than four years. With 20 companies remaining in the portfolio and six years to go in the fund lifetime, that figure is set to further increase significantly.
MAS finalizes stablecoin regulatory framework
The Monetary Authority of Singapore (MAS) has on Tuesday announced the features of a new regulatory framework that seeks to ensure a high degree of value stability for stablecoins regulated in Singapore. The regulatory framework takes into account feedback received, following an October 2022 public consultation.
Hong Kong’s Xverse raises $5M in seed funding round led by Jump Crypto
Hong Kong-based bitcoin wallet Xverse has raised $5 million in seed funding round led by Jump Crypto. The round also saw participation from RockawayX, Sfermion, Alliance, NGC Ventures, V3ntures, Old Fashion Research, 2140 Bitcoin Ecosystem Fund, Bitcoin Frontier Fund, Newman Capital, Franklin Templeton, New Layer Capital, Miton C, Gossamer Capital, Daxos…
Malaysia’s KGW Logistics collaborates with UTHM to introduce hands-on learning in logistics and e-commerce
KGW Group Berhad, a Malaysia-based logistics services provider, has via its wholly-owned subsidiary KGW Logistics (M) Sdn Bhd, joined forces with Universiti Tun Hussein Onn Malaysia (UTHM) to establish an Enterprise Trade Hub. This collaboration is designed to empower students with a hands-on learning experience in the world of logistics and e-commerce.
Fourier Intelligence delivers advance rehab robotics center to WQ Park in Malaysia
China-based technology firm Fourier Intelligence has delivered an advance rehab robotics center to the newly launched WQ Park in Kuantan, to empower accessible rehabilitation technology for Malaysia's East Coast.
Binance Labs commits $10M to Helio Protocol to advance the LSDfi revolution
Binance Labs, the venture capital and incubation arm of Binance, has committed $10 million to Helio Protocol, a USD-pegged over-collateralized stablecoin. This strategic funding round emphasizes Binance Labs' dedication to supporting innovative projects that are set to shape the next era of DeFi.
South Korea’s SK Telekom invests $100M in US’s Anthropic to promote AI innovation
South Korea's telecommunications operator SK Telekom （SKT） has on Monday announced that it is investing additional $100 million in Anthropic, an artificial intelligence (AI) safety and research company based in San Francisco. This follows the previous investment from SK Telecom Venture Capital (SKTVC), the Silicon Valley-based venture capital arm of……
Central Retail partners Ant Group to launch Alipay+ to provide digital payment services for Asian travellers in Thailand
Thailand-based retailer Central Retail Corporation has joined forces with China-based technology provider Ant Group to launch Alipay+ at its stores, providing comprehensive services for international digital payments to enhance convenience for Asian tourists from Chinese mainland, Hong Kong SAR, Malaysia and South Korea.
