News
KKR to acquire 20 percent stake in Singtel’s regional data center business for $800M
Singtel, Singapore-based communications technology group, and United States-based investment firm KKR have reached a definitive agreement under which a fund managed by KKR will commit up to SGD 1.1 billion ($800 million) for a 20 percent stake in Singtel’s regional data center business.
Malaysia plans to establish its own space launch site, develop space economy – report
MYSA is liaising with several parties and industries that are keen on participating in the development of this facility.
Hong Kong’s Bowtie secures $34.9M Series B2 funding to fuel expansion and innovation
Bowtie, a Hong Kong-based virtual insurer, has announced the successful completion of a $34.9 million Series B2 funding round. The round was led by main investor Sun Life Hong Kong Limited, with further participation by Mitsui & Co., Ltd.
Malaysia’s Gentari rebrands WIRSOL Energy to officially commence operations in Australia
Malaysia-based clean energy solutions company Gentari has officially rebranded leading renewable energy solutions provider WIRSOL Energy on Tuesday, following the completion of its full acquisition in February 2023. With the rebranding, WIRSOL Energy will now be known as Gentari Solar Australia.
Singapore’s SMI Vantage to set up Bitcoin mining business in Malaysia
SMI Vantage Limited, a Singapore-based firm focused on developing new economy businesses, plans to set up its Bitcoin mining business in Malaysia. The firm will begin the process of installing the first of its two containerized mining rigs and expects to commence mining Bitcoin in the third quarter of 2023.
Singapore-headquartered SHEIN allocates additional $85M for global community empowerment
SHEIN, a global, integrated, fashion and lifestyle marketplace , announced Thursday that it is allocating an additional $85 million over five years towards initiatives that support the "Equitable Empowerment" pillar of its evoluSHEIN roadmap. This is in addition to $70 million already committed in April.
Kedaara Capital invests in Indian ed-tech firm K12 Techno Services
K12 Techno Services Private Limited (K12 Techno), a an education and technology services provider in India, has on Thursday announced an investment from Kedaara Capital, for a significant minority stake in the company.
Dubai’s Cultos Global Web3 venture secures investment from industry leaders
Cultos Global, a web3 venture headquartered in Dubai, has successfully secured an undisclosed sum in their ongoing funding round. The funds raised will primarily bolster the expansion of Cultos Global's product and engineering teams across the UAE and India as well as expanding its platform development by introducing several new innovative functionalities.
South Korean AI chip firm Panmnesia raises $12.5M in seed funding with a valuation exceeding $81.4M
Panmnesia, a South Korea-based fabless semiconductor company focused on CXL (Compute Express Link) technology, has on Friday announced its successful completion of a seed funding round amassing $12.5 million.
India’s Kae Capital announces the final close of its Winners Fund II at $50M
Kae Capital, an early-stage investing firm in India, has closed its Winners Fund II (KWF II), raising $50 million. Through KWF II, Kae is targeting to invest in 20 companies.
