Yimie Yong

Trump unveils $500B major AI infrastructure venture led by Softbank, Oracle & OpenAI

The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX, who will work in close collaboration with technology partners Arm, Microsoft, NVIDIA, Oracle, and OpenAI, to advance cutting-edge AI capabilities, drive economic growth, and shape a future driven by innovation and opportunity.

London-based GP Bullhound welcomes Shahril Hamdan as Head of Southeast Asia

GP Bullhound is a technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, US and Asia.

Apple close to deal to lift Indonesian iPhone ban, minister says – report

The company has been in discussions with the government over an investment package that would lift the restrictions.

Indonesia’s eFishery unicorn allegedly faked most of its sales – report

The allegations of fraud may be damaging for Indonesia’s startup scene, and come at a critical time as young companies and investors in the country struggle to raise new funding. eFishery was the nation’s latest so-called unicorn, or a startup valued at more than $1 billion, Bloomberg added.

Malaysia’s FashionValet founders claim trial to alternative charges of fund misappropriation – report

They are accused of jointly and dishonestly misappropriating MYR8 million of FashionValet’s investment funds from Khazanah and PNB, at Public Bank Berhad, Bukit Damansara Branch, 36-40 Medan Setia 2, Plaza Damansara, Bukit Damansara, on Aug 21, 2018.

Indonesia antitrust agency fines Google $12.4M for unfair business practices – report

The agency launched an investigation into Alphabet Inc's Google in 2022 on suspicion it had abused its dominant position by requiring Indonesian app developers to use Google Play Billing, at higher rates than other payment systems, or face removal from the Google Play Store, according to the report.

Alibaba Cloud announces latest AI models, tools & infrastructure available to drive more efficient global AI community

These advancements aim to empower developers worldwide to build innovative AI applications more cost-effectively and drive a thriving global generative AI community.

Indonesia’s seaweed startup Banyu raises $1.25M seed round led by Intudo

With this round of financing, Banyu will establish a seedling cultivation laboratory and nursery and grow its farming and exporting operations.

Malaysia’s Vynn Capital to accelerate deployment in 2025

We talked to Victor Chua, Founding & Managing Partner at Vynn Capital to learn more about the Malaysia-headquartered venture capital firm’s achievements in 2024, its plans and priorities in 2025. He also shared his views on the outlook of the tech ecosystem in Southeast Asia for the new year. Vynn Capital is a Southeast Asia-focused early stage venture…

SC Ventures-incubated Dealcierge acquired by Eden Exchange to establish one of the largest M&A marketplace in APAC

The edenX platform brings together the complementary networks, technology, IP, and teams of Eden Exchange and Dealcierge to create an expanded digital and collaborative ecosystem aiming to drive market growth across Asia, Australia, New Zealand, and ultimately globally.