News
Report: investors favor APAC markets as Biotech destinations amid US-China tensions
Markets in Asia Pacific (APAC) are rapidly gaining ground as credible innovation hubs amid the reshaping of global biotech strategies, driven by geopolitical tensions and significant US research funding cuts, a new report revealed on Thursday.
IFC partners with CleanMax to scale solar solutions for Thailand’s commercial and industrial sector
To expand access to reliable energy and make clean power more affordable for industrial businesses, the International Finance Corporation (IFC) is investing THB 1.48 billion (approximately $45 million) in CleanMax Energy (Thailand) Company Limited, a subsidiary of Clean Max Enviro Energy Solutions Private Limited (CleanMax).
NTT DATA partners Mistral AI to provide AI solutions for enterprises
NTT DATA, a Japan-based digital business and technology services firm, and Mistral AI, a France-based innovator in open-weight, high-performance generative AI (GenAI) models, have on Wednesday announced plans to jointly sell and deploy safe and private enterprise-grade artificial intelligence (AI) solutions that are able to foster strategic autonomy for…
ZA Global leads $40M Series A2 round in RD Technologies to build Asia’s stablecoin infrastructure
ZA Global, a Hong Kong-based digital finance firm, has led a $40 million Series A2 financing round for fintech firm RD Technologies (RD).
V-Green, GSM Philippines ink partnership with MERALCO to promote EV infrastructure development in the Philippines
V-Green Global Charging Station Development Corporation (V-Green) and Green and Smart Mobility Joint Stock Company (Green GSM Philippines) have announced the signing of a memorandum of understanding (MOU) with Manila Electric Company (MERALCO) – the largest power distribution company in the Philippines, to promote electric vehicle (EV) infrastructure…
Grab achieves $20M profit in the second quarter amid higher revenue
Southeast Asia's superapp Grab announced Thursday that it has achieved a profit of $20 million in the second quarter of FY2025 amid higher revenue.
Singapore’s Hydroleap secures $4.75M funding to accelerate sustainable water technologies in APAC
Hydroleap, a Singapore-based sustainable water treatment technologies, has successfully raised an additional $4.75 million in its latest funding round, bringing its total funding to nearly $12 million till date.
FinDev Canada, SMBC, BII, EFA, JICA commit $350M to VPBank to advance sustainable development in Vietnam
Canada's bilateral Development Finance Institution, FinDev Canada, alongside Sumitomo Mitsui Banking Corporation (SMBC), and partner Development Finance Institutions (DFIs) and bilateral agencies, including British International Investment (BII), Export Finance Australia (EFA), and Japan International Cooperation Agency (JICA), have announced the successful…
Bukalapak’s revenue grows 12% quarter-on-quarter in 2Q
Indonesian e-commerce company Bukalapak announced Wednesday that its revenue for the second quarter grew by 12 percent quarter-on-quarter to Rp 1.6 trillion ($97.6 million), driven primarily by strong performance in the gaming and investment segments.
Gobi Partners invests in Malaysian deep tech startup NanoSkunkWorkX
Gobi Partners, a leading Asia-focused venture capital firm, has announced a strategic investment in NanoSkunkWorkX (nSWX), a Malaysian deep tech startup developing manufacturable graphene systems engineered for breakthrough performance in real-world conditions with applications across green hydrogen production, semiconductors, and diagnostics.
