News

Vingroup JSC automaker arm VinFast Auto Ltd, has reported higher net loss in the third quarter despite rising revenues. The firm's net loss for the quarter stood at $622.9 million, representing an increase of 33.7 percent from the third quarter of 2022 and an increase of 19.7 percent from the second quarter of 2023.

Aampe, an artificial intelligence (AI)-native user engagement platform, has on Thursday announced a $7.5 million Pre-Series A funding round led by Matrix Partners India and Peak XV Partners (formerly Sequoia Capital India & SEA). The new capital will support product development and fuel growth as the company continues its rapid global expansion.

Global technology distributor and solutions provider Avnet has recently signed a contract with Kerlink, a provider of internet of things (IoT) solutions based in France, formalizing its role as master distributor of Kerlink's LoRaWAN gateway products and associated software services in Asia Pacific.

Malaysian Central Bank said Thursday that it will be refining several aspects of the Digital Insurers and Takaful Operators (DITO) Framework. Bank Negara Malaysia plans to finalize the framework by the first half of 2024.

Israel-based irrigation management platform TreetoScope has closed its seed funding round invested by Israeli Champel Capital, Earth Venture Capital, SeedIL, and other strategic investors. The funding will empower the startup to aid with R&D, fuel overall growth, and accelerate commercial agriculture expansion in North America and beyond.

Telstra International, the global arm of leading telecommunications and technology company Telstra, has on Thursday opened the doors to its new Telstra Security Service Centre (TSSC) in Manila, Philippines, to enhance its capabilities and coverage of managed cyber security services for its customers globally.

Adobe report finds Singapore firms lagging behind generative AI adoption. Brands in Singapore are prioritizing customer experiences to drive growth, but are challenged by reduced budgets.

CMCC Global, a Hong Kong based Web3 and blockchain fintech fund, has launched a $100 million new venture capital fund that will empower entrepreneurs in Hong Kong and beyond to build innovative Web3 companies.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has on Wednesday announced its collaboration with Sarawak Information Systems (SAINS), a information and communications technology (ICT) systems integrator and solutions provider fully owned by Sarawak state government.

HeLa Labs, a Singapore-based hi-tech company, has on Tuesday announced the official launch of a next-generation layer one blockchain network with privacy-preserving and consensus protocols for real-world adoption.