TechNode Global Staff
Hong Kong brandtech group Gusto Collective expands to Japan
Gusto Collective, a Hong Kong-based brandtech firm, announced Tuesday the establishment of its operations in Japan, headquartered in Tokyo. The expansion is spurred on by accelerating market demand in the region for next-gen customer experiences and innovative technologies in the burgeoning Web3 space.
GoTo’s revenue rises 30 percent year on year to $375M in 3Q
PT GoTo Gojek Tokopedia Tbk (GoTo), the Indonesia merged entity of Gojek and Tokopedia, announced Monday that its gross revenue up 30 percent year on year to Rp5.9 trillion ($375 million), above middle point of guidance range, as all segments registered growths. Meanwhile, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)…
Singapore’s Kristal.AI secures $10M for its pre-series B funding round
Kristal.AI, a digital private wealth management platform based in Singapore, has raised over $10 million for its pre-series B funding round. The latest funding round has seen continued participation from the founders, existing investors such as Chiratae Ventures, Sanadhya family, Desai Family Office and brings in new investors such as Stride Ventures and…
China’s Xinghuo BIF appoints Malaysia’s MyEG to own and operate Xinghuo International Supernode
China’s national blockchain Xinghuo Blockchain Infrastructure and Facility (XInghuo BIF) has inked an agreement with Malaysian listed digital services firm MY E.G. Services Bhd (MyEG) for MyEG to own and operate the Xinghuo International Supernode (Malaysia) to connect China blockchain to global markets.
Choco Up partners Dream Impact to unlock $5M funding access for social enterprises
Choco Up, a Hong Kong-based revenue-based financing and growth platform, has announced its partnership with Dream Impact, Hong Kong's largest network of social enterprises and impact ventures. In support of Dream Impact's capital services, Choco Up aims to deploy up to $5 million in non-dilutive booster capital to help social enterprises and ventures across…
PropertyGuru’s revenue rises 47 percent year on year to $25.1M in 3Q
PropertyGuru Group Limited, the Singapore-based property technology company, announced Monday its revenue for the third quarter this year rose 47 percent year on year to S$34.6 million ($25.1 million), underpinned by consistent growth in all markets and segments. Its net loss was S$7.4 million ($5.37 million) in the quarter and its adjusted earnings before…
ESR’s ARA partners Export–Import Bank of China for $1B infrastructure fund
ESR Group Limited's ARA, a Singapore real asset fund manager, announced Monday it has entered into a partnership with the Export–Import Bank of China for the closing of a $1 billion infrastructure fund – China-ASEAN Investment Cooperation Fund1 II (CAF II). The fund will invest in ASEAN countries across various infrastructure, energy resources including…
Vingroup and Gotion starts building $275M LFP battery cell factory in Vietnam
VinES Energy Solutions Joint Stock Company, a member of Vingroup, and Gotion Inc., a wholly owned subsidiary of Gotion High-Tech, have started construction of lithium iron phosphate (LFP) battery cell factory in Vietnam. The project has a total investment of more than VND 6,329 billion ($275 million), a scale of 14 hectares (34.5 acres) with a design…
ADDX sells CYBAVO stake to Circle Internet Financial Limited
Singapore-based private market exchange ADDX has confirmed that it sold its stake in CYBAVO to US-based Circle Internet Financial Limited, a global financial technology firm and parent company of the issuer of USD Coin (USDC), as part of Circle’s acquisition of CYBAVO earlier this year.
DEA signs MOU with Rakuten for collaborative Web3 partnership
Digital Entertainment Asset (DEA), a Singapore-based global Web3 entertainment company that operates the PlayMining non-fungible token (NFT) gaming platform, announced Thursday that it has signed a memorandum of understanding with Rakuten Group for a collaborative partnership in the Web3 domain.
