News
Malaysia’s HOMA2u raises capital from Asia Fund X for regional expansion
HOMA Sdn Bhd (HOMA2u), a Malaysian marketplace for overstocked and new renovation and interior design materials, announced Friday that it has secured an additional $625,000 from Asia Fund X in its pre-series A funding round.
China’s Luckin Coffee to enter Malaysian market with local partner – report
The entry comes at a time when Malaysians are seeing a rising number of local and international coffee chain brands and outlets in the country. Both local and international coffee brands are competing for a larger market share as US brand Starbucks faces ongoing boycott amid the Israel-Gaza war. In China, Luckin Coffee's home market, the entry also comes…
Charge+ partners Porsche to launch 1,700km electric vehicle charging network in Vietnam
Charge+, a Singapore-based electric vehicle (EV) charging solutions provider, has partnered German automobile manufacturer Porsche to launch a 1,700 kilometers (km) EV Charging Network in Vietnam that connects Vietnam’s two largest cities Hanoi and Ho Chi Minh City.
Carro gets $56M multi-currency loan from HSBC to fund fintech arm Genie Financial Services
Singapore-based online used car marketplace Carro has signed a SGD 75 million ($55.52 million) multi-currency loan with HSBC to fund its fintech arm, Genie Financial Services.
Norfund grants $30M convertible loan to Vietnam’s SeABank
Norfund, the Norwegian Investment Fund for Developing Countries, has decided to invest $30 million to Vietnam-based Southeast Asia Commercial Joint Stock Bank (SeABank) in form of a convertible loan.
Japan’s Ayudante acquires Singapore digital marketing company Sparkline
Ayudante, a Japan-based digital marketing and digital measurement consulting agency, has announced its acquisition of Sparkline, a Singapore-based digital marketing company.
Iskandar Investment Berhad partners TM-Nxera to drive digital transformation in Iskandar Puteri
Iskandar Investment Berhad (IIB), the master developer of Iskandar Puteri of Johor in Malaysia, via River Retreat Sdn Bhd, has entered into a strategic partnership with TM-Nxera, a joint venture of Telekom Malaysia (TM) and Singtel, to empower the digital economy and build a sustainable future for the region.
Singapore’s ZA Tech raises $35M in Series A funding led by EQT
ZA Tech, the Singapore-based next-generation insurance core system software as a service (SaaS) provider, has raised $35 million in Series A funding led by EQT and rebranded as Peak3.
Airwallex for Startups debuts in Singapore to help drive local startup success
Amid increasing positive sentiment about the business climate , Airwallex has launched its ‘Airwallex for Startups’ program in Singapore to further empower the city- state's community of over 55,000 startups.
UiPath survey reveals Singaporean workers have the highest rate of Gen AI usage globally
A new survey commissioned by UiPath, an enterprise artificial intelligence (AI) and automation software company, found that 60 percent of workers in Singapore are using generative AI (Gen AI) at work, the highest usage rate globally alongside Hong Kong.
