News

Softbank acquires United Kingdom chip start-up Graphcore

Japanese venture capital fund Softbank Group Corp. has acquired United Kingdom chip start-up Graphcore for an undisclosed sum.

Think-tanks CROSS, SEARCH, healthcare group Wellous & MOSTI agencies to co-organize inaugural ATEC 2024

The conference will focus on cultivating a robust ecosystem for science, technology, and innovation, providing a platform for knowledge exchange, and empowering technopreneurs to leverage emerging technologies for entrepreneurship, while enhancing regional exposure for Malaysian innovators.

Jay-Z Invests $5M in Hong Kong luxury watch retailer Wristcheck

Since its founding in 2020, the watch company has garnered about $13.6 million from backers such as Alibaba Entrepreneurs Fund, Gobi Partners GBA, and K3 Venture

Lion Parcel partners Salesforce to optimize customer service through generative AI integration

Lion Parcel, a logistics service provider in Indonesia, has partnered with Salesforce, the United States-based artificial intelligence (AI) customer relationship management firm, to optimize customer service through generative AI integration.

ZTrade expands service to enable two-way cross-border digitized trade documentation

ZTrade, a Web 3 platform operated on MY E.G. Services Bhd (MYEG)'s blockchain platform Zetrix that facilitates the cross-border trading of goods with China, is expanding its scope of coverage to encompass the digital verification of certificates of origin (COOs) issued by the General Administration of Customs of the People's Republic of China (GACC).

VPBank and IFC collaborate to provide $150M funding to Vietnamese coffee enterprises

Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) and the International Finance Corporation (IFC) have recently collaborated to provide $150 million supply chain financing for coffee-exporting companies in Vietnam.

Singapore-based blockchain exchange Net Zero-X launches to tackle financing gap for climate projects

Net Zero-X, a Singapore-based blockchain exchange for impact investors, launches on Tuesday to tackle the significant financing gap impeding the global transition to a net zero future.

Prenetics partners with David Beckham for new health brand

Prenetics, a United States-listed health sciences company, has announced that former international footballer, entrepreneur and philanthropist David Beckham has become a strategic investor in the business.

China’s HongShan sets up $2.5B startup fund – report

The report also said it is the largest fundraising by a privately-owned VC firm in China in the past year, marking the ongoing influence commanded by its founder Neil Shen, often considered the country’s most powerful tech investor.

Report: 84% of Singapore travel companies see fragile margins due to inefficient payment systems

66 percent of travel companies are seeing their profit margins impacted by outdated or complicated payment systems, with nine in ten expected to prioritize modernizing their financial operations this year, a report said Tuesday.