News
Jaya Grocer launches membership program integrated with Grab
Malaysian premium supermarket chain Jaya Grocer, has launched its first membership program, leveraging the Grab platform. The membership, which is accessible right on the Grab app, aims to enhance consumers’ overall shopping experience by allowing them to conveniently earn and redeem GrabRewards points at all Jaya Grocer outlets nationwide.
Southeast Asian banks well-placed against FinTech disruptors after successful digital transformation, says Moody’s
Banks in Southeast Asia have made significant progress on their digital transformation journey, and incumbents that are willing to invest in technology are well placed to compete with fintechs, Moodys's said Thursday.
Animoca Brands and Manga Productions sign strategic partnership for Web3 industry across MENA region
Hong Kong-based gaming firm Animoca Brands, has partnered with Middle East animations, comics, and games production company Manga Productions, for Web3 industry across Middle East and North Africa (MENA) region.
Hong Kong’s Mapxus raises $5M in series B funding led by Kawasaki Heavy Industries
Mapxus, the Hong Kong-based indoor Geographic Information System (GIS) platform, has on Thursday announced the successful completion of its Series B funding round, raising over $5 million in investment. The funding round was led by Kawasaki Heavy Industries.
EV sales collapse as subsidies and tax credits come to an abrupt halt, says Rystad Energy
The global electric vehicle (EV) market is reeling from one of the most dramatic collapses in monthly sales to date, with Rystad Energy research showing that only 672,000 units were sold in January, almost half of December 2022 sales and a mere 3 percent year-on-year increase over January 2022.
AWS to launch infrastructure region in Malaysia; plans to invest $6 billion by 2037
Amazon Web Services (AWS), an Amazon.com, Inc. company, has on Wednesday announced plans to launch an AWS infrastructure Region in Malaysia. As part of its commitment to the region, AWS is planning to invest $6 billion in Malaysia by 2037.
PropertyGuru revenues grow 17 pct on-year in 4Q
Singapore-based property technology company PropertyGuru has on Wednesday announced that its revenue for the fourth quarter ended December 31, 2022, rose 17 percent year over year to S$40 million ($30 million), underpinned by businesses in Singapore and Malaysia.
The Sandbox expands to Germany with the acquisition of game development studio Sviper
The Sandbox, a decentralized gaming virtual world and subsidiary of Hong Kong-based gaming firm Animoca Brands, has on Tuesday announced it has acquired Sviper GmbH, the German game development studio.
Singapore’s B Capital closes inaugural healthcare fund at $500M
B Capital, a Singapore-based multi-stage investment firm, has closed its inaugural B Capital Healthcare Fund I at $500 million. The fund which was in conjunction with B Capital Growth Fund III, will be allocated across the healthcare sector, from digital health to biotech.
