News

Animoca Brands Japan invests in global entertainment company Rainshine Global Inc.

Animoca Brands Japan, a strategic subsidiary of Hong Kong-based Web3 company Animoca Brands Corporation Limited, has on Wednesday announced a strategic investment in Rainshine Global, Inc., the Delaware-based entertainment company.

Singapore AI startup Groundup.ai secures $1.8M in Seed round led by Wavemaker Partners

Groundup.ai, a Singapore-based industrial artificial intelligence (AI) startup, said Thursday it has raised US$1.8 million in its seed funding round led by early-stage investor Wavemaker Partners.

Singapore’s The GrowHub announces first close of $3M pre-series B round

The GrowHub, a Singapore-based trust and traceability technology provider for the supply chain, announced Thursday that it has closed a $3 million Pre-Series B round from a number of strategic individual investors including the company’s Chief Executive Officer and Founder Lester Chan.

A majority of Asia businesses expect to increase cloud investment in 2023, says Alibaba Cloud survey

Eighty-four percent of existing users of cloud services are expecting to increase their investment in the cloud technology in 2023, a survey showed Wednesday.

Malaysia introduces initiatives to ensure local startups will have access to later stage financing

Anwar said his administration is committed to support high value-add local startups from early stage right up to listing onto Bursa Malaysia (local stock exchange).”

Omnichat unveils AI Chatbot integrated with ChatGPT

Omnichat, a Hong Kong-based omni-channel chat commerce solution provider, has launched “Omni AI”, a new chatbot integrated with ChatGPT 3.5, empowering chat commerce in multiple messaging platforms.

Sea’s revenue rises 25.1% year-on-year to $12.4B in 2022

Sea Limited, Singapore-based e-commerce giant, said Tuesday that its revenue rose 25.1 percent year on year to $12.4 billion in 2022, underpinned by e-commerce growth.

Catcha Digital completes acquisition of iMedia

Catcha Digital Berhad (Catcha Digital) has on Tuesday announced that it has completed the acquisition of the entire equity interest of iMedia Asia Sdn Bhd (iMedia), in a transaction valued at approximately MYR43.92 million ($9.71 million) in cash and shares.

Job security and financial rewards for women are still lagging, says Team Lewis Foundation

Despite improvements around women in senior management roles, job security and financial rewards for women are still lagging, says a study Wednesday.

Singapore’s Integra Partners launches new regional venture partner program to empower female entrepreneurs

Singapore-based venture capital firm Integra Partners (Integra) has on Tuesday announced the launch of Win With Women, the new venture partner program supported by the United States Agency for International Development (USAID), designed to promote female participation in angel investing, venture capital and technology start-ups.