News
Philippine venture builder AHG Lab raises $4M to empower more entrepreneurs
AHG Lab, the independent venture builder in the Philippines, has secured a total of $4 million in Pre-Series A funding aimed at fueling the growth of the venture builder, its portfolio of ventures and programs, and the wider startup ecosystem. The investors of this round includes a United States family office and two Filipino family offices: the Rufino…
Taiwan’s Gogoro posts lower net loss of $5.6M in second quarter
Taiwanese battery-swapping refueling platform Gogoro saw its net loss for the second quarter of 2023 fall to $5.6 million from $121.1 million a year ago. The group registered a revenue of $87.2 million in the second quarter, down 3.8 percent year-over-year but up 0.2 percent year-over-year on a constant currency basis.
Singapore’s Funding Societies streamlines business operations in Indonesia
Singapore-based digital finance platform Funding Societies said Thursday the firm is streamlining business operations in Indonesia amid global challenges. This exercise has impacted 38 out of 214 people in Indonesia.
Businessman Kiat Lim and footballer Cristiano Ronaldo launch football app for fans to play real time during match
ZujuGP, helmed by Singaporean businessman Kiat Lim and fronted by the Portuguese professional footballer Cristiano Ronaldo, has launched Kickoff by Zuju – a real-time, second-screen fan experience that enables fans to play along during a live football match.
Stripe: digital trade is reshaping opportunities for Singaporean businesses in the global economy
Digital trade is reshaping opportunities for Singaporean businesses in the global economy, said Stripe Friday. Its report found that consumers and businesses are optimistic about the globalized economy, with businesses looking to expand into new international markets, and consumers increasingly willing to purchase cross-border goods and services online.
Binance Labs invests $5M in Curve DAO Token
Binance Labs, the venture capital and incubation arm of Binance, has made a $5 million investment in Curve DAO Token (CRV), an Ethereum-based token that powers the Curve ecosystem. This investment underscores Binance Labs’ commitment to collaborating with Curve and shaping the future of the DeFi sector.
Malaysia’s Solarvest eyes further expansion in Taiwan’s clean energy market
Malaysian clean energy firm Solarvest Holdings Berhad has on Friday established a new wholly-owned subsidiary, Solarvest (Taiwan) Corp Ltd (STCL) in Taipei, Taiwan, with the strategic intent to strengthen its market presence and explore clean energy project opportunities in the country.
Indonesian e-commerce platform Uway announces $500M financing
Indonesian e-commerce platform Uway has on Thursday announced a new round of financing of $500 million. The firm will utilize this new round of financing to enhance its supply chain technology.
Black Spade’s shareholders approve business combination with VinFast
Vietnamese automaker VinFast Auto Ltd. (VinFast) and Black Spade Acquisition Co (Black Spade) have on Thursday announced that their previously announced business combination was approved at an extraordinary general meeting (EGM) of Black Spade’s shareholders. The business combination is expected to close on August 14, 2023.
Jay Chou’s PHANTACi partners Highstreet to launch ‘PHANTACi Peninsula’
International fashion label PHANTACi is entering a revolutionary partnership with Highstreet, the MMORPG and retail-focused metaverse, unveiling a unique region within Highstreet World called “PHANTACi Peninsula.” This exclusive metaverse intends to provide fans with an innovative, interactive experience, acting as a testament to their enduring support of…
