Author: TechNode Global Staff

Malaysia fintech and e-wallet provider MyMy set for beta testing and reveals Malaysian-inspired product innovations

MyMy has released its wave of leading-edge card and app features as it gears up for targeted beta testing this January, 2022. Backed by demands from in-depth market studies, MyMy’s frontline offerings include a numberless prepaid card that enhances the security of physical payment transactions. As for online transactions, it introduces a seamless biometric…

Nike acquires C Ventures-backed virtual sneaker maker RTFKT

NIKE, Inc. has acquired RTFKT, a C Ventures-backed brand that leverages cutting edge innovation to deliver next generation collectibles that merge culture and gaming. This acquisition is another step that accelerates Nike’s digital transformation and allows the group to serve athletes and creators at the intersection of sport, creativity, gaming and…

Hong Kong venture accelerator Brinc closes $130M funding led by Animoca Brands

Brinc announced the closing of its $30 million Series B fundraise and a further $100 million for startup investments, led by Hong Kong unicorn Animoca Brands. The new capital will fuel Brinc’s global platform expansion across new locations and verticals – allowing more investors and corporate partners to leverage funds, accelerators and bespoke-deal…

Amazon Web Services launches Indonesia cloud region, to invest $5B in the region over next 15 years

Amazon Web Services (AWS) has announced the launch of the AWS Asia Pacific (Jakarta) Region. It is planning to invest an estimated $5 billion in Indonesia over the next 15 years through the new AWS Asia Pacific (Jakarta) Region, which includes capital expenditures on the construction of data centers, operational expenses related to ongoing utilities and…

Zoomcar launches operations in the Philippines, plans to invest $25 million over next 12 months

Zoomcar announced its launch of operations in the Philippines. The company plans to invest $25 million across the Philippines in the next 12 months to fuel its expansion in the country. In its recent push into the Southeast Asia region, the company appointed Gene Angelo Ferrer as its country head in the Philippines to help scale their business. The company…

Indonesia’s Lemonilo raises $36M Series C funding from Sofina and Sequoia Capital India

Lemonilo, an Indonesian healthy lifestyle consumer goods company, has raised a US$36 million Series C funding led by Sofina. Sequoia Capital India, Lemonilo’s current investor, also participated in the round. Through this funding, Lemonilo plans to strengthen its current business and expand to international markets, the company said in a statement.

Philippine gaming firm AcadArena raises $3.5M seed round from 1KX, Hashed and others

AcadArena has recently secured $3.5 million in funding led by token fund 1KX, Korean blockchain venture capital firm Hashed, and others. Over 50 investors from prominent businesses across the world participated in the seed round, whose funds are meant to hire more manpower, acquire more play-to-earn assets, product development, strategic partnerships, and…

Vietnam retail platform The Crown X raises $350M led by Temasek, TPG and ADIA

Vietnam conglomerate Masan Group Corporation announced Monday the signing of a $350 million primary investment in its retail unit The CrownX Corporation by a consortium of investors, including TPG, Platinum Orchid, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), and SeaTown Master Fund, managed by a wholly owned indirect subsidiary of…

Australia’s Finder secures first external equity of $21.5M to accelerate global growth

Finder has secured its first external funding of A$30 million ($21.52 million) since its inception in 2006. The specialist technology growth investor Future Now Capital has committed the fund which kicks off the capital raise process for Finder after 15 years of being bootstrapped.

Vietnam’s Vingroup starts construction on $173.7M EV battery manufacturing factory

Vingroup has started the construction of the $173.7 million electric vehicle (EV) battery manufacturing factory in Vietnam. The VinES Battery Manufacturing Factory which is located in the Vung Ang Economic Zone (Ha Tinh), is being developed on 8 hectares in its initial phase. The establishment of this factory represents an important milestone in its EV…