News

Allozymes, a Singapore-based innovator in enzyme discovery and engineering, has on Monday announced the closing of a $15 million Series A funding round led by Seventure Partners of France and Xora Innovation of Singapore.

Southeast Asian technology firm Sea saw its total revenue rise 22.8 percent year on year to $3.7 billion in the first quarter.

In a move to spur sustainable investments in Sri Lanka, the International Finance Corporation (IFC) and the European Union (EU) have partnered with the Commercial Bank of Ceylon (CBC) to scale up green finance, supporting the country's commitments towards a low-carbon economy.

Uber Technologies, Inc. and Delivery Hero SE have reached an agreement for Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash.

Chinese artificial intelligence (AI) firm iFLYTEK said Tuesday it will establish regional headquarter (HQ) in Singapore to boost growth in Southeast Asia (SEA).

Atome, a Singapore-based digital financial services platform, has announced its collaboration with Taobao Singapore to introduce its buy-now-pay-later (BNPL) payment option for Taobao shoppers in Singapore.

Teleport, the logistics arm of Malaysia-based Capital A Bhd, said Monday it is targeting to deliver two million parcels daily by 2025.

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad, will be hosting an auction of its first Malaysian carbon credits on 25 July 2024.

Jejakin, an Indonesian-based climate tech provider focusing on carbon management platform, has secured new funding of $2.7 million. Notable corporates include PT ITM Bhinneka Power, along with other significant venture capital firms in Southeast Asia and corporates such as Indogen Capital, SMDV and East Ventures.

The firm has 60 licences and permits globally, in markets including Australia and New Zealand, Europe, Hong Kong, Singapore, the UK and the US.