News

Hong Kong online wholesale marketplace Peeba officially launches in Southeast Asia

Hong Kong online wholesale marketplace Peeba is marking the first step in its Southeast Asia expansion by announcing that it is setting up an office in Indonesia. By empowering small retailers, both online (including TikTok and Instagram shops) and offline, to compete on the same footing as larger retailers, Peeba is set to disrupt the traditional retail…

SoftBank partners Symbotic to establish new warehouse-as-a-service joint venture

Japanese multinational investment holding firm SoftBank Group Corp. and American robotics warehouse automation company Symbotic Inc., have on Monday announced the establishment of GreenBox Systems LLC (GreenBox), a new joint venture to address the more than $500 billion annual warehouse-as-a-service market opportunity.

Tesla to discuss factory plan for new $24,000 car with India commerce minister – report

The meeting with the commerce minister would be the highest level discussions between Tesla and the India government since June when Tesla founder Elon Musk met India's Prime Minister Narendra Modi and said he intended to make a significant investment in the country, according to Reuters.

Singapore’s Aevice Health secures investment from East Ventures for expansion

Aevice Health, a provider of remote respiratory monitoring solutions for the healthcare continuum based in Singapore, has on Monday announced that it has raised undisclosed funding from East Ventures, a venture capital firm focusing on Southeast Asia.

Amazon Global Selling launches first cross-border e-commerce brand launchpad in Singapore

Amazon Global Selling has on Monday introduced the 'Amazon Global Selling Singapore Cross-border Brand Launchpad' program, in collaboration with Enterprise Singapore (EnterpriseSG) and Singapore Business Federation (SBF), to equip local entrepreneurs with cross-border e-commerce skills and help them access burgeoning opportunities of this sector and build a…

Ni Hsin partners Australia’s Vmoto for EV motorcycles assembly and distribution in Malaysia

Ni Hsin EV Tech Sdn. Bhd. (NH EV TECH), a wholly-owned subsidiary of Malaysia-listed Ni Hsin Group Berhad (Ni Hsin), has partnered with VMOTO LIMITED (VMOTO), an Australia-listed listed electric motorcycles company, to assemble and distribute VMOTO electric vehicle (EV) motorcycles models in Malaysia.

India’s Swiggy initiates second tranche of committed ESOP liquidity program totalling $50M

Swiggy, India’s on-demand convenience platform, has on Monday announced the second milestone in its committed two-year employee stock ownership plan (ESOP) liquidity program. As part of this planned two-year ESOP liquidity program, Swiggy employees will have the option to receive liquidity totalling up to $50 million against their ESOPs.

Vietnam’s GIMO raises $17.1M in funding led by TNB Aura to fuel expansion

GIMO, a Vietnam-based FinTech startup, has announced the completion of Series A funding round with total capital raise of up to $17.1 million. The round is led by TNB Aura, with participation from the company’s existing backers including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.

MDEC expects high-tech Malaysian companies to generate $55M in digital export

Malaysia Digital Economy Corporation (MDEC) has projected a total of 42 high-tech Malaysian companies participated in its recent programs in Indonesia, to generate MYR 250 million ($54.65 million) in digital export.

Japan’s JERA to invest $300M in greentech-focused startups

Japanese energy firm JERA Co., Inc. (JERA) has initiated corporate venture capital activities with the aim of accelerating innovation in the energy domain and generating new business opportunities. The firm will make strategic investments totaling $300 million in start-up companies that have leading-edge technologies or business concepts and in venture…