News
Indonesia’s GoTo says on track to meet full-year adjusted EBITDA break even target
Indonesia's largest technology firm PT GoTo Gojek Tokopedia Tbk (GoTo) says it is on track to meet full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) break even target after its adjusted EBITDA fell in the first quarter.
AirAsia MOVE’s monthly active users up 19 percent year on year to 15.34 million
Asia MOVE, formerly known as airasia Superapp, has seen its monthly active users (MAU) grow 19 percent year on year growth to 15.34 million in the first quarter.
Malaysian automaker Proton opens R&D facility in China
Malaysian national carmaker Proton Holdings Bhd has opened its research and development (R&D) center at Hangzhou Bay in China last Saturday to strengthen its collaborative efforts with its existing partner Zhejiang Geely Holding Ltd (Geely) in a move to complement its existing facilities in Malaysia.
IFC partners KB Kookmin Card to launch $150M financing initiative in Indonesia, Thailand
The International Finance Corporation (IFC) has partnered South Korean credit card-issuing company KB Kookmin Card Co. (KBC) to launch $150 million financing package in Indonesia, Thailand.
Alipay+ inks agreement with Korea Easy Payment Foundation, Jeju Tourism Organization
Alipay+, a global cross-border mobile payment and digitalization technology platform operated by Ant International, has on Monday announced it signed a business agreement with the Korea Easy Payment Foundation (KEPF) and Jeju Tourism Organization (JTO).
Temasek Trust launches philanthropy advisory services arm
Temasek Holdings-owned Temasek Trust has on Monday announced the launch of TT Foundation Advisors (TTFA) which aims to be a one-stop independent provider of philanthropy advisory and management services to philanthropic foundations, family offices, business corporations, philanthropists, and charities across Asia.
IFC invests $7M in Philippine consumer fintech firm Salmon
To help expand financial inclusion in the Philippines, the International Finance Corporation (IFC), a member of the World Bank Group, is investing $7 million in the country's fintech firm Salmon Group Ltd. (Salmon).
JETOUR showcases hybrid off-road innovation at Beijing Auto Show; prepares entry into right-hand drive, European markets
Over the past years, JETOUR said it has demonstrated exceptional growth and a burgeoning dominance in the SUV segment. The company boasts the seventh position in China's automotive export volume and ranks second in growth rate, indicating its undeniable global impact.
Mandiri Capital Indonesia unveils initiative for startups overseas
Mandiri Capital Indonesia (MCI), a corporate venture capital (CVC) firm backed by Indonesia’s largest financial corporate, Bank Mandiri, have unveiled its first overseas Xponent program in Bangkok, Thailand.
UAE marketplace WEE secures $10M funding from SIG INVESTMENT
WEE, a marketplace specializes in fast delivery services within Dubai, has announced a $10 million infusion (comprising equity and credit facilities) from SIG INVESTMENT.
