News
Glints & MHV report finds increased demand for revenue-generating roles for SEA startups in 2023
Startups will look to invest in more revenue-generating roles such as sales, business development, and marketing and public relations (PR) in 2023 as companies refocus on the path to profitability, said a report on Tuesday.
Canada’s ChopValue raises $7.7M growth funding to scale its circular global Microfactory network
ChopValue, a Canada-based company that creates sustainable products from recycled materials, has on Tuesday closed a $7.7 million funding round to expand its decentralized Microfactory network.
Singapore’s Dozer raises $3M funding led by Sequoia Capital India and Southeast Asia’s Surge
Dozer, a Singapore-based open-source data infrastructure platform, has on Tuesday announced $3 million in seed funding. Led by Sequoia Capital India and Southeast Asia’s Surge, the fundraise also saw participation from Gradient Ventures and January Capital.
Malaysia’s Proton plans for comprehensive new energy vehicle solutions
Malaysian national car maker Proton said Monday its New Energy Vehicle (NEV) model plan is confirmed during the visit by Minister of International Trade and Industry (MITI) Tengku Zafrul Aziz to Zeekr Intelligent Factory in Hangzhou Bay, Ningbo, China.
Indonesia’s Bukalapak acquires majority stake in Malaysian price comparison platform iPrice
Indonesian e-commerce firm Bukalapak announced Tuesday that it has acquired a majority stake in iPrice, a Malaysia-based price comparison platform.
Hong Kong’s 01Fintech seals strategic partnership with Indonesia’s Sinar Mas Financial Services
01Fintech, a Hong Kong-based growth stage private equity (PE) firm, has on Tuesday announced a strategic partnership with Sinar Mas Financial Services (known locally in Indonesia as Sinar Mas Multiartha Tbk, or SMMA).
Vietnamese EdTech firm Prep raises $1M funding co-led by East Ventures and Cercano Management
Prep, the Vietnam-based online learning platform that specializes in standardized language test preparation, has on Tuesday announced that it has raised $1 million co-led by East Ventures and Cercano Management.
Kairous Capital to establish Malaysia-China Digital Cooperation Council & development fund to invest in tech sector in both countries
MCDCC also announced the establishment of the Malaysia-China Digital Cooperation & Development Fund to invest up to MYR1 billion ($226.28 million) in digital technology sectors, including digital applications, industrial big data, advanced manufacturing technology, industrial technology, and other sectors in Malaysia and China.
Indonesia cuts VAT on electric vehicles drastically to 1% – report
The incentive came into effect this month and will remain in place until the end of the year, the Coordinating Ministry of Maritime and Investment Affairs said in a statement.
Singapore’s Alchemy Pay secures $10M funding from DWF Labs to expand to South Korea
In order to facilitate its expansion into the Korean market, Singapore's payment solutions provider Alchemy Pay has announced a strategic partnership with DWF Labs, the prominent multi-stage web3 investment firm. Alchemy Pay has also secured $10 million in funding from DWF Labs, which will be utilized to expand its payment business in South Korea.
