Yimie Yong
ByteDance’s TikTok lays off hundreds of employees in Malaysia – report
A source close to the Malaysian branch of the company told The Malaysian Reserve (TMR) that more than 500 employees were terminated.
October 11, 2024
News,Asia,Venture Capital,Singapore,Investments
Singapore’s Farquhar VC & South Korea’s Twin Ventures join hands to strengthen cross-border startup ecosystem relations
Several MOUs and partnerships between South Korea and Singapore are inked at the Global Investment Capacity Building Program Demo Day.
October 10, 2024
Alipay+ transactions triple in 2024 as travel industry embraces cross-border digital payment & marketing technology
In the first nine months of 2024, the number of people using Alipay+ payment partner apps while abroad increased by three times, and the number of transactions increased by more than three times.
October 10, 2024
News,eCommerce,Indonesia,China
Indonesia government bans Chinese e-commerce app TEMU – report
The decision to block TEMU was driven by the increasingly massive threats posed by foreign products on domestic MSMEs online and offline.
October 10, 2024
News,Indonesia,Philippines,Singapore,Vietnam
Singapore’s fintech firm Surfin raises $12.5M from Insignia Ventures Partners
This funding comes as Surfin serves 60 million lives across eight countries in three continents, with roughly $2.7 billion in cumulative transactions.
October 8, 2024
News,SEA,Investments,PropTech,Singapore,Asia,Venture Capital
Japan’s estie, inc. raises $20M in Series B led by Vertex Growth & DBJ
The latest round was led by Vertex Growth, a growth-stage venture capital fund anchored by Vertex Holdings, a subsidiary of global investment company Temasek, and Development Bank of Japan (DBJ).
October 8, 2024
News,Malaysia,Investments,EdTech
Malaysia’s JAZRO bags investment from Gobi Partners to make robotics education accessible to all children
This strategic investment will enable JAZRO to expand its educational offerings and reach more young learners, nurturing a new generation of tech-savvy innovators.
October 7, 2024
MDEC & martech web3 firm Emerge Group form strategic partnership to propel Malaysia as a Web3 gaming hub in SE Asia
EMERGE Group will leverage its extensive network of Web3 gaming partnerships, including collaborations with Gala Games, Immutable X, TZ APAC, Sei and other leading Web3 gaming projects, to identify synergies and advance Web3 game publishing.
October 4, 2024
Filipino fintech firm Salmon completes $30M Series A-2 financing round
Salmon intends to allocate a portion of the proceeds to strengthen the capital base of the Rural Bank of Sta. Rosa (Laguna), with plans to increase the bank's total capital to PHP 1.2 billion by the end of 2025.
October 4, 2024
Filipino AI startup Clout Kitchen raises $4.45M from a16z SPEEDRUN, Peak XV’s Surge & AppWorks
The round was co-led by a16z SPEEDRUN and Peak XV’s Surge – with participation from Taiwan’s AppWorks, Antler, Hustle Fund, Founders Launchpad, Orvel Ventures, and founders & creators like Gabby Dizon (YGG), Kun Gao (Crunchyroll), Voyboy, Jankos and Perkz.
October 4, 2024
Bolt launches business ride-hailing solution in Malaysia
August 18, 2025
Bolt launches business ride-hailing solution in Malaysia
August 18, 2025