News
Hong Kong’s Mapxus raises $5M in series B funding led by Kawasaki Heavy Industries
Mapxus, the Hong Kong-based indoor Geographic Information System (GIS) platform, has on Thursday announced the successful completion of its Series B funding round, raising over $5 million in investment. The funding round was led by Kawasaki Heavy Industries.
EV sales collapse as subsidies and tax credits come to an abrupt halt, says Rystad Energy
The global electric vehicle (EV) market is reeling from one of the most dramatic collapses in monthly sales to date, with Rystad Energy research showing that only 672,000 units were sold in January, almost half of December 2022 sales and a mere 3 percent year-on-year increase over January 2022.
AWS to launch infrastructure region in Malaysia; plans to invest $6 billion by 2037
Amazon Web Services (AWS), an Amazon.com, Inc. company, has on Wednesday announced plans to launch an AWS infrastructure Region in Malaysia. As part of its commitment to the region, AWS is planning to invest $6 billion in Malaysia by 2037.
PropertyGuru revenues grow 17 pct on-year in 4Q
Singapore-based property technology company PropertyGuru has on Wednesday announced that its revenue for the fourth quarter ended December 31, 2022, rose 17 percent year over year to S$40 million ($30 million), underpinned by businesses in Singapore and Malaysia.
The Sandbox expands to Germany with the acquisition of game development studio Sviper
The Sandbox, a decentralized gaming virtual world and subsidiary of Hong Kong-based gaming firm Animoca Brands, has on Tuesday announced it has acquired Sviper GmbH, the German game development studio.
Singapore’s B Capital closes inaugural healthcare fund at $500M
B Capital, a Singapore-based multi-stage investment firm, has closed its inaugural B Capital Healthcare Fund I at $500 million. The fund which was in conjunction with B Capital Growth Fund III, will be allocated across the healthcare sector, from digital health to biotech.
VinFast officially delivers first electric vehicles to United States customers
Vietnamese car maker VinFast said Wednesday it has delivered the first 45 VF 8 City Edition all-electric sport utility vehicles (SUVs) to United States customers at its nine stores across California.
East Ventures and Temasek Foundation launch Indonesia’s climate tech innovations platform
Indonesia-focused venture capital firm East Ventures, and Singapore-based non-profit organization Temasek Foundation, have launched Climate Impact Innovations Challenge (CIIC), the largest climate tech innovations platform of the year in Indonesia.
Singapore’s iLex closes $4.5M Pre-Series A round led by QBN Capital
ILex, a Singapore-based market infrastructure provider for syndicated loan and private debt markets, has on Thursday announced it has raised $4.5 million in new capital. The round was led by QBN Capital, with participation from existing and new investors.
