News
Vietnam’s EV maker VinFast secures $3.5B funding from Vingroup & founder Pham Nhat Vuong
Vingroup plans to lend VinFast up to 35 trillion Vietnamese dong ($1.4 billion) by the end of 2026, the company said in a statement on Tuesday. Additionally, Vuong has personally pledged 50 trillion dong ($2.1 billion) in sponsorship.
Animoca Brands raises additional $10M for Mocaverse with participation by OKX Ventures, CMCC Global, Hong Shan
Hong Kong-based gaming firm Animoca Brands Corporation Limited has on Tuesday announced an additional tranche of funding of $10 million for its flagship project Mocaverse.
MAS announces green finance and capital markets initiatives to strengthen financial cooperation with China
The Monetary Authority of Singapore (MAS) has on Monday announced new green finance and capital markets initiatives to strengthen financial cooperation with China.
Grab raises full year revenue forecast after improved performance in third quarter
Singapore-based superapp Grab Holdings Limited has on Monday raised its full year revenue forecast following its improved revenue in the third quarter.
HKMA partners multilateral organizations to enhance strategic partnership for climate investment in Asia
The Hong Kong Monetary Authority (HKMA), has joined hands with multilateral organizations, including the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and International Finance Corporation (IFC), a member of the World Bank Group, to announce a strategic partnership to enhance strategic partnership for climate investment in Asia.…
GoTo, Tencent Cloud, and Alibaba Cloud team up to boost cloud infrastructure in Indonesia
In a significant boost to Indonesia’s digital economy and Golden Indonesia 2045 vision, GoTo Group, Tencent Cloud, and Alibaba Cloud have signed agreements that will boost cloud infrastructure and digital talent development in Indonesia.
Vietnam says China’s Shein, Temu must register with government or be blocked – report
Both Temu and Shein are facing increased scrutiny and legal challenges. Last month, Indonesia has requested Apple and Google to block Temu from their app stores to protect small merchants from competing with ultra-cheap items.
Intudo raises $125M to bring the world to Indonesia & Indonesia to the world
Intudo Ventures announced the closing of $125 million across two investment funds—Intudo Ventures IV, LP, a $75 million venture fund, as well as a $50 million fund that will invest in downstreaming natural resources and renewable energy.
Hong Kong’s unicorn Lalamove launches e-hailing services in Malaysia, expands to Turkey
Founded in Hong Kong in 2013, Lalamove is an on-demand delivery platform born with a mission to empower communities by making delivery fast, simple and affordable.
CAREC launches regional climate fund to strengthen regional collaboration on climate resilience
Member countries of the Central Asia Regional Economic Cooperation (CAREC) Program have endorsed a new Climate Change Action Plan (CCAP) and launched the CAREC Climate and Sustainability Project Preparatory Fund (CSPPF) to strengthen regional collaboration on climate resilience, low-carbon growth, and sustainable development.
