TechNode Global Staff
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.
Startup accelerator Archipelago Labs launches $10M fund to invest and support Filipino Web3 startups
Archipelago Labs (A-Labs), a startup accelerator focused on the Philippines, has been officially launched to invest and accelerate the growth of the most promising startups and talents in the Philippines’ Web3 ecosystem.
Grab’s 3Q revenue up 143 percent year on year to $382M
Singapore-based super app Grab announced Thursday that its revenue surged 143 percent year on year to $382 million in the third quarter ended September 30, driven by strong growth in mobility and deliveries revenue. The firm has achieved segment adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven for overall…
Singapore’s Betafi raises $1.3M Pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital
Betafi, a Singapore-based unified user research platform, announced Thursday it has raised $1.3 million in pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital. The round also saw participation from Nir Eyal and founders from leading companies such as Razorpay, Pine Labs, Snapdeal, Livspace, and others.
SEA Group’s revenue up 17 percent year on year in 3Q
Singapore-based consumer internet company SEA Group announced Tuesday that the group's revenue rose 17.4 percent year on year to $3.2 billion in the third quarter ended September 30, 2022, as its e-commerce revenue surged. The group's e-commerce revenue for the third quarter jumped 32.4 percent year on year to $1.9 billion.
Visa launches Google wallet for Visa cardholders in Malaysia
Visa has on Wednesday announced the launch of Google Wallet for Visa cardholders on both Android and WearOS devices in Malaysia. Visa cardholders from Hong Leong Bank (credit) and Public Bank (credit and debit cards) can now make fast and secure purchases in stores, online, and in apps, and store their Visa cards within Google Wallet. Cardholders of HSBC…
Singapore’s Amilo expands to Southeast Asian markets after securing $2M funding
Amilo, a newly setup logistics company based in Singapore, plans to consolidate its growth within the four Southeast Asian (SEA) markets after securing $2 million funding. Over the next 6 months, the firm plans to consolidate its growth within the four markets of Singpore, Malaysia, Vietnam and Indonesia in a margin sustainable way before expanding into the…
