News
Korai Flix agrees to $3.5B SPAC merger with APEX Tech
South Korea's Korai Flix has agreed to merge with APEX Tech Acquisition in a SPAC deal valuing the short-drama platform at $3.5 billion.
Malaysia asset management UEM Edgenta launches Young Entrepreneurship Program with 6 vendors
UEM Edgenta Berhad, a Malaysian asset management and infrastructure solutions company owned by UEM Group, has launched its first Young Entrepreneurship Program (YEP) for six young business owners in its vendor network.
PFN and Tenstorrent win NEDO xPU research project
Preferred Networks and Tenstorrent will develop chiplet-based xPU technology in a five-year research project selected by Japan's NEDO.
Taiwan blocks Delivery Hero’s $600M foodpanda food courier sale to Grab
Taiwan's Fair Trade Commission (TFTC) has declined to approve the sale of Germany-based Delivery Hero's food courier business foodpanda in Taiwan to Singapore's super app Grab, blocking a $600 million deal agreed in March.
Enterprise Singapore allocates S$45M to speed AI adoption in advanced manufacturing
Enterprise Singapore (EnterpriseSG) has launched Catalytic AI Solutions for the advanced manufacturing sector, a three-year initiative with more than S$45 million ($35.2 million) to help small and medium-sized enterprises (SMEs) deploy AI solutions.
Hong Kong-based FundPark secures $250M from Bain Capital to expand e-commerce lending
Bain Capital will provide up to $250 million in financing to FundPark, a Hong Kong fintech company that lends to small and medium-sized e-commerce businesses, to support the latter's next phase of growth.
Singapore’s Genie Health raises $3M seed, led by Nadathur Family Office
Genie Health, a Singapore health technology company, has raised $3 million in seed funding to expand its consumer health app and its clinic platform.
Southeast Asia digital economy can reach $368B GMV in 2026, AI usage to surge
Southeast Asia's digital economy can grow 17 percent to $368 billion in gross merchandise value (GMV) in 2026 and exceed $1 trillion by 2035, according to the 11th annual e-Conomy SEA report by Google, Temasek and Bain & Company.
PIDG exits Dat Bike as Vietnamese e-motorbike maker raises $26M Series B
The Private Infrastructure Development Group (PIDG) has exited its investment in Vietnam’s electric motorbike startup Dat Bike, after the company redeemed its convertible note.
Cloudflare expands AI workspace integrations with enterprise applications
Cloudflare has added application integrations and deployment partnerships for Cloudflare OS, including Asana, Box, Canva, GitHub and Notion.
