News
Grab has liquidity to drive operations, says S&P Global Ratings
The stable rating outlook on Grab reflects S&P Global Ratings' view that the company will maintain sufficient liquidity to tide it through until it reaches positive EBITDA and cash flow by 2025.
Singapore’s DigiFT raises $10.5M in Pre-Series A funding led by Shanda Group
DigiFT, a Singapore-based decentralized digital asset exchange (DEX) for asset-backed tokens (STO), has on Tuesday announced that it has completed a Pre-Series A funding round, securing $10.5 million.
MRANTI, DNB, Ericsson extend MOU to boost technology clusters in MRANTI Park
The Malaysian Research Accelerator for Technology and Innovation (MRANTI), Digital Nasional Berhad (DNB) and Ericsson have on Tuesday announced the extension of their Memorandum of Understanding (MoU) to accelerate the commercialisation of 5G-enabled Science, Technology, Innovation and Economy (STIE) solutions for companies in Malaysia.
Singapore’s Blockchain Founders Fund announces final close of its $75M fund
Singapore-based Blockchain Founders Fund (BFF) has on Monday announced the final close of its Fund II at $75 million. The funding saw participation from key investors, family offices and institutions in the industry including Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, Sebastien Borget (Chief Operating Officer of The Sandbox), GSR, LD…
Mitsui & Co. invests in U.S. based healthcare technology company Koios Medical
Mitsui & Co., Ltd. has participated as a lead investor in a Series B round financing of Koios Medical, Inc. (Koios), a U.S.-based healthcare technology and digital medicine company.
SoftBank, Ant Group seek to sell Paytm stake to reduce holding in payments firm – report
Ant Group and SoftBank have discussed selling shares in the company through a secondary stock deal, according to the report.
Tencent sets up team to develop ChatGPT-like chatbot – report
Chinese tech giants such as Baidu and Alibaba Group have already announced plans to launch their own AI chatbots and incorporate the technology into their core businesses.
Japan’s Astroscale raises $76M G round funding from new investors
Astroscale Holdings Inc., the Japan-based firm in satellite servicing and long-term sustainability across all orbits, has closed a Series G round with more than $76 million in funding. The investment were come from new investors Mitsubishi Electric, Yusaku Maezawa, Mitsubishi UFJ Bank, Mitsubishi Corporation, Development Bank of Japan, and FEL Corporation.
XAG partners Chia Tai to launch autonomous agricultural drones in Thailand
XAG, a China-based smart agriculture technology firm, has teamed up with FarmInno (Thailand) by Chia Tai Group, a Thailand-based innovative agricultural company, to introduce fully autonomous agricultural drones in Thailand.
Axonect Enterprise Enabler powers Axiata’s first metaverse concert in Sri Lanka and Indonesia
Axiata Digital Labs (ADL), a telco-focused software and solutions provider, has on Monday announced its Axonect Enterprise Enabler delivered Axiata Group's first-ever immersive music concert: MetaStage powered by Dialog Futureverse, designed in association with GSMA Open Gateway APIs.
