Yimie Yong

Alibaba Cloud revamps global partnership ecosystem to fuel AI-driven growth

The initiatives aim to foster the growth of global partners and accelerate the development and deployment of cutting-edge artificial intelligence and cloud computing solutions for businesses across various industries worldwide.

Thailand’s Betagro invests in Dutch cultivated meat tech firm Meatable

Meatable, a Dutch cultivated meat technology company dedicated to creating sustainable, real meat without harming animals, announced Tuesday a strategic investment from Betagro Ventures, the corporate venture capital arm of Thailand-based integrated food company Betagro.

GORO becomes first participant in Indonesia’s Regulatory Sandbox for property tokenization

GORO’s admission into the OJK Regulatory Sandbox is a pivotal step forward, showcasing its business model’s compliance with Indonesia’s highest regulatory standards. With less than 10 percent of 275 million Indonesians participating in investments, GORO aims to democratize property investment, empowering tens of millions to enter the market.

Consistent Q3 2024 momentum positions Malaysia’s Carsome for first full profitable year

Carsome Group continues to deliver record profitability, with adjusted EBITDA increasing over 3x quarter-on-quarter (QoQ).

Malaysia Venture Forum 2024 opens in KL, brings together public & private sectors to discuss future of VC ecosystem

The forum was officiated by Amir Hamzah Azizan, Minister of Finance II, who stressed the role of VC in driving innovation, economic growth, and job creation.

Malaysia’s AI startup Mesolitica builds Malaysian LLM for generative AI assistants on AWS

With AWS, Mesolitica can now deploy proofs of concept (PoCs) in as little as 24 hours, while the AWS Asia Pacific (Malaysia) Region provides a 20 percent reduction in latency, critical for achieving human-like conversations in AI voice assistants.

KPay secures $55M in Series A funding led by Apis Growth Markets Fund III & Apis Global Growth Fund III

Founded just over three years ago, KPay has achieved a remarkable 166 percent revenue CAGR during this period, operating across Hong Kong, Singapore and Japan.

Thailand Post partners with insurtech firm bolttech to launch online motor insurance

Powered by bolttech, this innovative offering provides coverage for personal cars and trucks, including compensation for death, disability, loss of limb, and medical expenses.

Malaysia-listed Hextar Industries bags Luckin Coffee’s master franchise in Malaysia

Luckin Coffee’s entry comes at a time when Malaysians are seeing a rising number of local and international coffee chain brands and outlets in the country. Both local and international coffee brands are competing for a larger market share as US brand Starbucks faces ongoing boycott amid the Israel-Gaza war.

US e-commerce giant Amazon invested over $1.49B in Singapore

US-headquartered e-commerce giant Amazon announced on Thursday that it has invested more than S$2 billion ($1.49 billion) across its retail and cloud businesses in Singapore in 2023. This includes both capital expenditure such as improvements to existing infrastructures, including fulfilment centers, delivery stations, and data centers, and operating…