News
China’s LONGi invests $380M to set up solar PV manufacturing base in Malaysia
Chinese photovoltaics company LONGi Green Energy Technology Co is setting up a solar photovoltaic (PV) manufacturing facility in Malaysian with an investment of MYR 1.8 billion ($380 million).
Climate tech investment falls 40 percent amid economic uncertainty: PwC
Climate tech investments from venture-capital and private equity fell 40 percent in 2023 as economic uncertainty and geopolitical conflict dent investor confidence, according to PwC’s 2023 State of Climate Tech report, published on Tuesday.
Australia’s Digital Classifieds Group acquires Lamudi Indonesia & Philippines
Australian-based Digital Classifieds Group (DCG) has acquired the online property marketplaces in Indonesia and the Philippines in a newly confirmed acquisition of the Lamudi assets from the dubizzle Group (formerly EMPG). The deal follows DCG’s acquisition of the leading Bangladeshi portal, Bproperty, in January 2023 and propels the group to be Asia’s…
Philippines’ top crypto traders form association to advocate crypto investment literacy
As crypto adoption continues to grow in the country, top cryptocurrency traders have formally announced the formation of the Innovative Movement of the Philippine Association of Crypto Traders (IMPACT).
India’s BIVA Analytics raises $500,000 in funding led by Equanimity Ventures
BIVA Analytics, an India-based plug and play analytics platform, has on Monday announced the successful completion of its seed round funding, raising $500,000. This round was led by Equanimity Ventures, with participation from T-Hub, SucSeed Ventures, WarmUp Ventures and value-additive angels.
Malaysia’s Ni Hsin inks deal with USM, FOCUS and TAILG to promote electric mobility
Ni Hsin EV Tech Sdn. Bhd. (NH EV TECH), a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (Ni Hsin), has signed a collaboration cum donation agreement (CDA) with Universiti Sains Malaysia (USM), Focus Applied Technologies Sdn Bhd (FOCUS) and Dongguan Tailing Electric Vehicle Co., Ltd. (TAILG), with the aim to assist Malaysia to promote…
MoneyHero completes business combination with Bridgetown
CompareAsia Group Capital (MoneyHero), a financial products platform in Greater Southeast Asia, has completed its previously announced business combination with Bridgetown, a special purpose acquisition company formed as a collaboration between Pacific Century Group and Thiel Capital Thiel Capital. The completion of the business combination values…
Singapore regulator raises competition concerns on Grab’s plan to acquire Trans-cab
The statement comes after the CCCS completed its Phase 1 review of the proposed acquisition by Grab through its wholly-owned subsidiary, Grab Rentals Pte Ltd of 100 percent stake in Trans-cab.
Vietnamese EV maker VinFast to expand into Southeast Asia, raising more capital – report
Southeast Asia has a lot of potential with governments looking to boost EV adoption with aggressive targets, VinFast Chief Executive Officer Le Thi Thu Thuy said.
