News
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.
Ericsson to collaborate with Intel on advancing usage and adoption of 5G in Malaysia
Swedish telecommunications company Ericsson and American technology company Intel have signed a memorandum of understanding (MoU) to collaborate on the development of 5G use cases that can accelerate digitalization in Malaysia as well as spur the adoption of the new technology by enterprises in Malaysia.
Malaysia secures $38.4B worth of investment commitments from China, PM Anwar says
Other MOUs sealed were between Digital Way Group Sdn Bhd, China Silk Road Group Ltd and China Kairous Capital to jointly establish a Malaysia-China digital and development fund in China and Malaysia.
Hong Kong Web3 Festival 2023 to take place on April 12-15
Co-hosted by Wanxiang Blockchain Labs and HashKey Group, and organized by W3ME, the Hong Kong Web3 Festival 2023 will take place from April 12 to 15.
Malaysia’s DRB-Hicom partners China’s Geely to develop Automotive High-Tech Valley in Malaysia
Malaysian automotive manufacturer and distributor DRB-Hicom Berhad and China's Zhejiang Geely Holding Group Co Ltd (Geely) have signed a Heads of Agreement (HOA) to reinforce the next phase of collaboration between the two companies for the development of the Automotive High-Tech Valley (AHTV) in Malaysia.
Malaysia’s MN Holdings partners China’s DC-Science to set up high performance data center in Malaysia
Malaysian underground utilities and substation engineering specialist MN Holdings Berhad is partnering China’s Shanghai DC-Science Co Ltd to develop its first high performance data center in Malaysia. The project, has an overall estimated value of over $600 million.
