News

Indonesia launches metaverse collaboration initiative to boost metaverse industry

Indonesia has made a significant move towards becoming a major player in the global metaverse industry with the launch of its Indonesia Metaverse Collaboration Initiative on 1 March 2023, in conjunction with the Mobile World Congress 2023 in Barcelona.

IHH Healthcare invests in digital mental health company Intellect

IHH Healthcare, a Malaysia-based international healthcare provider, has invested into Intellect, a digital mental health company based in Singapore.

Indonesian automotive tech startup Broom raises $10M Pre-Series A funding led by Openspace

Broom, an all-in-one automotive small and medium sized enterprise (SME) solutions startup based in Indonesia, announced Tuesday its $10 million Pre-Series A funding round led by Openspace.

Facebook-parent Meta to cut 10,000 jobs in second round of layoffs

Meta owns social media platforms including Facebook, Instagram and WhatsApp.

Alphabet-backed Anthropic launches ChatGPT competitor named Claude

According to Anthropic, Claude is a next-generation AI assistant based on Anthropic’s research into training helpful, honest, and harmless AI systems. Accessible through chat interface and API in its developer console, Claude is capable of a wide variety of conversational and text processing tasks while maintaining a high degree of reliability and…

Futurise teams up with CAAM to advance Malaysian urban air mobility

Futurise Sdn Bhd (Futurise) together with the Civil Aviation Authority of Malaysia (CAAM) unveiled the unmanned aircraft system (UAS) certification (C-UAS) and manned electric vertical take-off and landing (eVTOL) aircraft national regulatory sandbox (Manned eVTOL NRS) earlier Tuesday.

Indonesian raw material procurement startup Bababos secures pre-seed funding led by East Ventures

Bababos, Indonesia-based raw material procurement platform for small and medium enterprises (SME) manufacturers, has on Tuesday announced the pre-seed funding led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia.

MOGUL.sg unveils new online platform for homeowners

Singapore's property portal MOGUL.sg has on Tuesday unveiled its new online platform where homeowners can sell their property at 0 percent sales commission, a first in Southeast-Asia’s bustling real estate scene.

Singapore’s Green Li-ion secures $20.5M in Pre-Series B funding led by TRIREC

Green Li-ion, a Singapore-founded lithium-ion battery recycling technology company, announced Monday that it has raised $20.5 million in pre- series B funding led by Singapore-based decarbonization venture capital firm TRIREC.

Richard Li’s FWD filing HK IPO application again – report

According to the report, the IPO, whose proceeds will be used to fuel the firm’s growth, could come as soon as in the second quarter depending on market conditions.