News
Cradle partners VentureTECH to bridge funding gaps in Malaysia startup ecosystem
Cradle Fund, the focal point agency for Malaysia’s startup ecosystem, and VentureTECH, an impact investment company established by the government of Malaysia, have entered into a strategic collaboration aimed at fostering structured discussions between fund providers across government and private sectors.
Malaysia’s WORQ expands co-working space total size to 32,500 square feet
WORQ, a Malaysia-based coworking and flex space provider, has announced an expansion at Menara UOA Bangsar (MUB) on Friday. This is in addition to the firm's existing 15,000 square feet, bringing its total size of the coworking space to 32,500 square feet.
Grab’s revenue grows 17 percent year-on-year in second quarter
Singapore-based superapp Grab announced Thursday that its revenue grew 17 percent year-over-year to $664 million in the second quarter of 2024, driven by revenue growth across all segments.
Singapore’s Amilo acquires Thailand’s Sivadon Logistics to accelerate growth
Amilo, a Singapore-based logistics firm, has on Thursday announced its acquisition of Sivadon Logistics in Thailand to accelerate growth.
Singapore’s DCS Innov acquires wallet-as-a-service platform HolyWally
Singapore-based DCS Innov, a subsidiary of DCS Fintech Holdings, has on Thursday announced the acquisition of HolyWally, wallet-as-a-service (WaaS) platform. This strategic move marks a significant milestone in DCS Innov’s global expansion plans, particularly into the United States and European markets,.
Japan’s Luup forms capital and business alliance with Seibu and Tokyu
Japanese e-scooter operator Luup has on Thursday announced that it has entered into a capital and business alliance agreement with Blue Incubation, a consolidated subsidiary of Seibu Group, and conglomerate Tokyu.
Maxis partners Singtel to accelerate enterprise digital transformation with Malaysia’s first 5G orchestration platform
Malaysian telecommunications firm Maxis has partnered with Singapore Telecommunications (Singtel) to introduce Malaysia's first all-in-one platform for 5G network, edge computing, cloud and services orchestration, built on Singtel’s Paragon for telco networks.
Prudential partners Google Cloud to build innovative insurance products with AI
Global insurance firm Prudential plc and cloud computing services provider Google Cloud have on Thursday announced an expanded strategic partnership to build innovative artificial intelligence (AI)-powered products and applications that will help enhance customer, agent and employee experiences.
ECloudvalley appoints Sandy Woo as Malaysia Country Director to accelerate business growth
ECloudvalley Digital Technology, a Taiwan-based cloud solutions provider, has on Thursday announced the appointment of Sandy Woo as Country Director for its Malaysia operations.
Global payments platform Adyen expands payment processing to India
Adyen, the global fintech firm, announced Thursday its expansion in India. This is following the grant of authorization from the Reserve Bank of India to operate as an online payment aggregator in India for domestic and cross-border payments.
