Author: TechNode Global Staff

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has announced the launch of “Tongyi Qianwen Partnership Program”, which aims to co-create large language models tailored for different industries with partners.

PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, said its net loss fell 41 percent year on year to 3.9 trillion rupiah ($265 million) in the first quarter of 2023, driven mainly by higher revenues and reduced incentives and product marketing spend.

Airasia SuperApp recorded 12.9 million average monthly active users (MAU) in the first quarter of 2023, up by 12 percent quarter on quarter, its parent firm Capital A Berhad said Thursday.

Endowus, a Singapore-based wealth management platform, has on Wednesday announced the official launch of its digital wealth management services in Hong Kong. Hong Kong is Endowus’ first overseas expansion market after Singapore.

Capria Ventures, a Global South specialist venture capital firm, marks the first close of its target of $100 million fund. The new fund will focus on investing in 20 to 25 tech startups in the entrepreneurial hotspots of India, Southeast Asia, Latin America, the Middle East, and Africa.

Vietnamese conglomerate Vingroup Joint Stock Company car maker subsidiary VinFast Joint Stock Company has received $2.5 billion in grants and loans to facilitate its continuing development enabling it to achieve its global growth goals.

Better Bite Ventures, a fund focused on Asia Pacific alternative protein startups, has on Wednesday announced four new investments under its early-stage First Bite initiative and reopens it for new applications.

Malaysian-born artificial intelligence (AI) startup VOX said Monday it has harnessed ChatGPT with Sharly.ai and scored a $250,000 investment from Silicon Valley.

Explico, a Singapore based edtech startup, announced Wednesday that it has successfully secured $1.4 million in pre-series A funding. Key investors include Astonic Ventures Singapore, MAVIS TUTORIAL CENTRE, which is one of the largest local tuition centres and Singapore Asia Publishers, the well-known publishing house and a few angel investors.

Fuel Venture Capital, a leading early-stage investor in technology and digital companies, will conduct a roadshow in Asia next week as it looks to raise money for its next fund, which uses an innovative, new funding structure positioned to transform the private markets landscape.