News
Malaysia’s Carsome secures $21M financing facility from Ambank
Malaysia-based integrated car e-commerce platform Carsome Group has secured MYR 100 million ($21.39 million) in financing facility from AmBank Group to expand its liquidity and bolster its capacity for future growth.
Philippine proptech firm Lhoopa secures $80M in equity and debt
Lhoopa, the Philippine proptech company, has on Tuesday announced the successful completion of its $80 million funding round.
Asia-Pacific cashless payments projected to reach almost 45 percent of global payment volume by 2030
Asia-Pacific cashless payments projected to reach almost 45% of global payment volume by 2030, S&P Global Market Intelligence said Tuesday.
Study: 87 percent of APAC manufacturers prioritize digital transformation; yet 82 percent struggle with innovation pace
87 percent of Asia Pacific (APAC) manufacturers prioritize digital transformation; yet 82 percent struggle with innovation pace, a study showed Tuesday.
Telin partners BW Digital to enhance DC-to-DC connectivity with new Indonesia-Singapore cable
PT Telekomunikasi Indonesia International (TELIN) and BW Digital have announced a strategic partnership to develop and construct the Nongsa-Changi submarine cable system linking Batam and Singapore.
Thailand’s Bitkub Exchange names Rakkar Digital as official digital asset custodian
Rakkar Digital, a provider of secure and compliant digital asset custody solutions, has been selected as the official digital asset custodian for Bitkub Exchange, Thailand’s largest digital asset center.
Hisense Malaysia partners Sunway University for UEFA Euro Cup 2024
Hisense Malaysia, a global consumer electronics and appliances firm, has announced its collaboration with Sunway University to host “Beyond Glory Campus Cup”, a friendly inter-university football tournament between university football teams within the Klang Valley.
Southeast Asia e-commerce up 15 pct on year to $114.6B GMV in 2023
Total gross merchandise value (GMV) of Southeast Asia’s 8 leading ecommerce platforms rose to $114.6 billion in 2023, up 15 percent from 2022, according to Momentum Works “Ecommerce in Southeast Asia 2024” report released on Monday.
Philippine femtech firm Kindred Health raises $5.5M in pre-Series A funding round led by Integra Partners
Kindred Health Inc., a femtech company in the Philippines, has announced the successful completion of its pre-Series A funding round, raising a total of $5.5 million.
VinFast breaks ground on new EV assembly plant in Indonesia
Vietnamese automaker VinFast Auto has officially broken ground on its new electric vehicle (EV) assembly plant in Subang, West Java, Indonesia.
