News
Singlife launches Singlife Connect 2.0 to continue supporting insurtech startups in Singapore
Singapore-based financial services company Singlife has launched the second edition of its in-house accelerator program, Singlife Connect. The accelerator program supports and spurs the growth of promising insurtech and budding ecosystem enterprises, Singlife said in a statement on Wednesday.
South Korea’s LINE NEXT raises $140M to expand Web3 ecosystem
LINE NEXT Corporation., South Korea-based LINE’s venture dedicated to developing and expanding the non-fungible token (NFT) ecosystem, announced Wednesday that it has secured a $140 million investment from a consortium led by the private equity firm Crescendo Equity Partners.
Tracxn: Vietnam’s year-to-date funding falls to lowest since 2019
Vietnam has secured the fourth position in 2023 based on year-to-date (YTD) funding, marking the lowest funding year for the region since 2019. The Vietnamese tech startup ecosystem has raised a total of $142 million in funding year to date, reflecting a drop of 73 percent and 91 percent compared with the funds raised in the same period in 2022 and 2021,…
Taiwan’s Gogoro launches battery swapping ecosystem in India, unveils India-made CrossOver smartscooter
Gogoro Inc., a Taiwan-based technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, has on Tuesday announced the immediate availability of its battery swapping ecosystem and Smartscooters in India.
IFC, Bank of the Lao PDR strengthen partnership to boost green finance, achieve climate goals
The collaborative effort to boost green finance between IFC and the bank has been strengthened with a new cooperation agreement signed on Tuesday. This enhanced partnership aims to accelerate necessary reforms to develop guidelines and standards to attract the green capital the country needs to drive its economy and create jobs while promoting a greener…
Tracxn: SEA tech startups continue to see a downward trend as funding falls 65 percent in 2023
The Southeast Asia (SEA) Tech sector received a total funding of $4.3 billion in 2023 year to date (till December 5, 2023), a 65 percent plunge from $12.4 billion raised in the same period last year, Tracxn said Tuesday.
Indonesia to audit TikTok, Tokopedia trial e-commerce tie-up – report
"We will give a three to four months period for trial because technology is not an easy thing. Maybe efforts to perfect it would be needed," Indonesia's Trade Minister Zulkifli Hasan said.
Singapore’s Sweef Capital makes strategic investment in Vietnam’s USM Healthcare
Singapore investment firm Sweef Capital has made strategic investment in Vietnam-based USM Healthcare to increase access to affordable medical devices and orthopedic products.
SingPost collaborates with Google Cloud to accelerate its digital transformation journey
Cloud computing services firm Google Cloud and postal and eCommerce logistics provider Singapore Post Limited (SingPost) have on Tuesday announced a strategic collaboration to accelerate SingPost’s digital transformation journey and drive its next phase of sustainable growth.
Singapore’s Seraya Partners closes $800M Asia-focused infrastructure fund for digital infrastructure and energy transition investments
Seraya Partners, the Asia-based independent privateequity fund for next-generation infrastructure investing, has on Tuesday announced the completion of its first fund, “Seraya Partners Fund I” at $800 million. The final investment which includes co-investments has surpassed its $750 million target.
