News
Alibaba injects $845M into Southeast Asia unit Lazada- report
Founded in 2012, Lazada Group is one of the leading eCommerce platforms in Southeast Asia. It is available in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
LINE MAN Wongnai acquires Thai POS startup FoodStory
Thailand-based e-Commerce platform LINE MAN Wongnai said Thursday it has reached an agreement to acquire FoodStory, a Thai startup specializing in restaurant point-of-sales (POS) systems, in order to expand its merchant solutions business to every restaurant segment in Thailand.
Indian cyber security startup PingSafe launches from Stealth with $3.3M to outsmart attackers
PingSafe, an India-based cloud-native application protection platform (CNAPP) platform powered by attacker intelligence, has on Thursday announced its emergence from stealth mode with $3.3 million in seed funding. The funding round was led by Sequoia Capital India & Southeast Asia's (now known as Peak XV Partners) Surge.
Manta Network developer p0x labs raises $25M Series A funding
P0x labs, the cryptographic development team building Manta Network, has on Thursday announced its $25 million Series A funding, led by Polychain Capital and Qiming Venture Partners, bringing its valuation to $500 million.
GrabAds launches ‘Marketing Manager’ to help MSMEs in Southeast Asia to spur sales
GrabAds, the advertising arm of Southeast Asian superapp Grab, has launched Marketing Manager - a web-based marketing platform that gives small and medium-sized businesses full control and more robust capabilities to design and expand marketing campaigns that drive more sales on Grab.
Vietnam’s VinFast to build electric vehicle factory in North Carolina next week
Vietnamese automaker VinFast has announced that it will hold the groundbreaking ceremony of its electric vehicle factory in North Carolina on July 28. The factory is expected to start production in 2025.
Philippine career platform Bossjob launches services in Japan
Bossjob, the chat-first career platform for professional hiring based in the Philippines, has announced it will launch its service in the Japanese market, facilitating Japanese companies hiring international talents with its 2.9 million users in the region.
Indonesia‘s MAKA Motors raises $37.6M in seed funding round co-led by AC Ventures, SV Investment, East Ventures
Indonesia-based electric vehicle (EV) startup MAKA Motors announced Thursday the successful completion of its seed funding round, raising $37.6 million. The funding round was co-led by AC Ventures, South Korean investor SV Investment, and East Ventures.
Tesla to invest in Malaysia, boosting the country’s sustainable mobility
Tesla Sdn. Bhd. (Tesla), an American multinational electric automotive manufacturer, has on Thursday announced its strategic expansion into the Malaysian market. The expansion plans including vehicle importation, setting up supercharger network, head office, service center and experience center.
Digital bank GXS offers saving accounts in Singapore with maximum deposit amount of $57,000
Singaporean digital bank GXS Bank (GXS) which is backed by superapp Grab Holdings Ltd and communications technology group Singtel, has announced that it has opened up the GXS Savings Account to all eligible individuals in Singapore as the bank ramps up in its next phase of growth.
