Yimie Yong
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.
Singapore’s Carousell partners GoGoX to launch Carousell Official Delivery for bulky furniture
Introduced in partnership with GoGoX, a logistics tech company in Asia, this enhancement makes buying and selling larger items easy and convenient, particularly during Singapore’s peak demand for preloved furniture in the lead-up to Chinese New Year and Hari Raya
Vietnam’s VinFast officially enters the Indian market
India is also the first market where VinFast has developed a right-hand drive version of the VF 6 and VF 7. These two models are expected to meet the electrification needs of consumers and set a new benchmark in the green transportation industry in India.
Vertex Ventures Southeast Asia & India to focus on maintaining discipline on valuations, working closely with founders in 2025
We talked to Chua Joo Hock, Managing Partner at Vertex Ventures Southeast Asia & India, to learn more about the Singapore-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.
