TechNode Global Staff

Singapore’s Wavemaker Partners names ex-Facebook exec Andy Hwang as General Partner

Wavemaker Partners, a Singapore-based venture capital firm, has on Wednesday welcomed Andy Hwang as its new General Partner, as the firm celebrates 10 years of investing in the region. Hwang is transitioning into venture capital after angel investing and coaching startup founders full-time for the past year.

South Korean SaaS firm Toss Lab secures $1.2M strategic investment from Taiwan’s Kdan Mobile Software

Toss Lab Inc, a South Korean software as a service (SaaS) firm, has secured $1.2 million strategic investment from Kdan Mobile Software, Ltd, a global SaaS company headquartered in Taiwan. The two leading productivity software companies from Asia plan to integrate their solutions to expand the international business to business (B2B) market.

J&T launches fresh delivery service in Malaysia

J&T Express Malaysia announced Tuesday that it has commenced full operations of the fresh delivery service in Malaysia. The J&T Fresh Delivery service is an end-to-end delivery of fresh produce from Cameron Highlands to Klang Valley, ensuring that the produce reaches its destination in the shortest time possible.

Ni Hsin launches electric vehicle motorcycles in Malaysia

Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Malaysia-listed Ni Hsin Group Berhad, has on Tuesday launched its TAILG EBIXON electric vehicle (EV) motorcycles. The firm has unveiled two models of its TAILG EV motorcycles in the personal and commercial categories: the TAILG EBIXON BOLD and TAILG EBIXON TORQ.

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…