News
Geely-backed EV firm Polestar secures $950M external funding
Geely-backed Polestar Automotive Holding UK PLC, the Swedish electric performance car brand, has on Wednesday announced that it has secured $950 million in external funding. The financing is being provided by 12 leading international banks including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC and SPDB, in the form of a three-year loan facility.
QIA to invest $1 billion to support local and regional entrepreneurs
Qatar Investment Authority (QIA) is set to launch Qatar's first venture capital (VC) fund of funds, a strategic investment program to foster innovation in Qatar. The fund of funds program will invest more than $1 billion in international and regional venture capital funds.
Capital A to list brand management platform in United States
Malaysia-based Capital A (formerly known as AirAsia Group Berhad) said Wednesday that Capital A International (CAPI), owner of the iconic AirAsia brand, will be publicly listed in the United States through business combination with Aetherium Acquisition Corp.
KMP invests in AI computer vision and consumer engagement advertising platform SmartRetail
Kumpulan Modal Perdana (KMP), a Malaysian government-owned tech-focused venture capital, announced Tuesday their successful investment in SmartRetail, a Singapore-based computer vision artificial intelligence (AI) profiling solutions and consumer engagement advertising technologies platform.
iFLYTEK, Zense Entertainment, and Chulalongkorn University ink deal to accelerate advancement of Thai speech recognition
China-based artificial intelligence (AI) and speech technology provider IFLYTEK has announced a collaboration with Thailand entertainment technology firm Zense Entertainment and academic institution Chulalongkorn University, to accelerate advancement of Thai speech recognition.
Humane partners SoftBank to transform AI experience in Japan
Humane Inc has on Thursday revealed plans for a telco partnership with SoftBank Corp.(SoftBank) for the Humane Ai Pin, the first stand-alone Ai device and proprietary Ai-driven OS, CosmOS. This partnership, as part of a strategic investment opportunity, will see SoftBank become the exclusive telecom provider for Ai Pin in Japan, leveraging SoftBank’s…
Glints & MHV report reveals startup salaries cool in 2023
Startup salaries cool in 2023 with junior engineering roles seeing the sharpest decline of 6 percent, Glints and Monk’s Hill Ventures revealed on Thursday. According to the Southeast Asia Startup Talent Trends Report 2024, off the back of tech layoffs and cost-cutting measures, junior tech roles have been most impacted across the region with salary declines…
Mocaverse strengthens Korean presence with Cube Entertainment, IPX, Daehong Communication (LOTTE Group), Nine Chronicles M, GOMBLE
Mocaverse, the marquee growth network with an interoperable infrastructure layer of account, identity, reputation, and PointFi systems seeded by Animoca Brands, announced Wednesday it entered into various partnership agreements for strategic expansion of Mocaverse Partner Network in the South Korean market to bridge, integrate, and export Korean Web3…
GoTo, TikTok compliance with Indonesia’s trade regulation nears 100%, says GoTo CEO – report
Indonesian minister for small and medium enterprises Teten Masduki said last week TikTok had yet to comply with the regulation.
Malaysia government mulling one-off subsidy to boost EV ownership – report
"This suggestion is being fine-tuned by the Finance Ministry," deputy minister said.
