Yimie Yong

Hong Kong’s OneDegree & Dubai Insurance Company begins issuing digital asset custodial risk insurance in UAE

OneDegree and Dubai Insurance announced their partnership last year and have supported many digital asset companies with their insurance needs.

Singapore’s NVPC & Ant International conclude inaugural partnership to enhance charities & digital fundraising capabilities

The initiative leveraged Ant International’s expertise in digital financial services to equip non- profit organizations with capabilities to navigate the digital giving landscape, using giving.sg as the medium.

Carsome’s 2Q revenue hits “above $310M”, announces $46.2M new financing partnerships

In the second quarter of 2024 (2Q2024), Carsome said it maintained its leadership position with about 35,000 vehicles traded and grew revenue by 9 percent quarter-on-quarter (q-o-q) to above $310 million.

Finture’s YUP secures $30M in Series B funding, aims for US IPO in 3-5 years

YUP aims to serve 50 million users over the next 8 to 10 years, positioning itself as Southeast Asia's leading digital banking service platform with plans for a US IPO in the next 3 to 5 years.

India’s Playbook Partners launches $250M growth capital fund backed by Singapore, Middle East, Europe investors to accelerate Digital India

In response to strong institutional investor interest, the fund is using the green shoe option and can grow up to $250 million.

Singapore’s SDAX closes $50M Series B2 funding round

SDAX, Singapore’s Digital Asset Exchange, has announced on Tuesday the closing of its $50 million Series B2 funding round led by the Oman-based Muscat Precious Metals Refining Company LLC (MPMR).

GIC-backed payment firm Nium pushes back IPO plans – report

Singapore payments company Nium is pushing back its plans for an initial public offering in the US by more than a year, in a bid to focus on shoring up its team and growing revenue, Bloomberg reported.

Malaysia’s MYEG partners GACC-owned East Logistics to set up National Single Window Trade Platform for ASEAN countries

MYEG announced on Friday an exclusive collaboration with East Logistics Link Co., Ltd., a wholly-owned agency of the General Administration of Customs of the People’s Republic of China (GACC), to develop and operate a National Single Window (NSW) platform for ASEAN countries, including Malaysia.

Gojek, motorbikes, motorcycles, transportation, Indonesia

Gojek to exit Vietnam market – report

Gojek said the decision, made by its parent company GoTo after assessing its market presence in Vietnam, aims to strengthen business operations and aligns with the company's long-term growth strategy.

FLOW and ALLHC celebrate topping off for A-FLOW ML1 Data Center in Philippines

With the completion of the first building’s structural framework, the Data Center is slated to begin operations in the fourth quarter of 2024 (Q4 2024) with an initial 6MW capacity ready for service.