News
Lazada unveils eCommerce AI Chatbot LazzieChat in Southest Asia
Singapore-based e-commerce operator Lazada Group has released LazzieChat, the first eCommerce artificial intelligence (AI) chatbot of its kind in Southeast Asia powered by OpenAI ChatGPT technology in Azure OpenAI Service.
Hyundai Motor Group partners LG Energy Solution to establish $4.3B battery cell factory in U.S.
South Korean automobile firm Hyundai Motor Group and battery company LG Energy Solution (LGES) have announced an electric vehicle (EV) battery cell manufacturing joint venture in the United States on Friday.
Singapore’s ZUZU Hospitality raises $9M in oversubscribed Series B round led by SoftBank Ventures Asia
ZUZU Hospitality Solutions Pte. Ltd., a Singapore-based revenue platform provider for independent hotels, has on Thursday announced the successful completion of an oversubscribed $9 million Series B round led by SoftBank Ventures Asia.
Axiata plans to launch digital bank by year-end – report
Malaysia-based telco Axiata Group Bhd plans to launch its digital bank by end-2023 and targets to make it profitable over the next three to four years
Bossjob attracts 2.9 million users in the Philippines, secures $5m funding to boost globalization efforts
Bossjob, an online job search platform in the Philippines, has secured $5 million funding to boost globalization efforts. The company is venturing into Singapore and Indonesian markets this month, with the Hong Kong market in plan for the third quarter of 2023.
Singapore-based DTC bespoke jeweler MADLY raises new funding from East Ventures
MADLY, Singapore’s direct to consumer (DTC) jewelry design house, has on Thursday announced an investment received from the regional venture capital firm East Ventures. With the support of the funds jewelry brand said it is poised to accelerate its international expansion.
Government-backed startup Studio Indonesia Alumni raises $65.8M in funding
Startup Studio Indonesia (SSI), a startup accelerator program backed by the Indonesian government, has on Friday announced that its alumni have collectively secured funding worth $65.8 million.
Softbank-backed Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Carro, the Singapore-based online used car platform, announced Thursday that it has recorded its best ever full-year positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4 million for its latest financial year ending March 2023 (FY2023).
Indonesia’s Evermos raises $39M funding led by IFC to fuel business expansion
Evermos, an Indonesia-based social commerce platform, has successfully raised $39 million in its Series C funding round. The funding is led by the International Finance Corporation (IFC) — a member of the World Bank group — and IFC Emerging Asia Fund, LP, managed by IFC Asset Management Company.
VinFast partners with BCA Europe to deploy trade-in solution across three European markets
Vietnamese automaker VinFast and United Kingdom-based used vehicle marketplace BCA Europe have announced a new three-year Pan-European agreement on trade-in activities. This new partnership will create a fully digital and in-store trade-in solution to provide European customers with a convenient, seamless experience in their transition to electrified…
