News

ShopBack, Asia-Pacific’s leading shopping and rewards platform, has launched ShopBack PayLater, a Buy Now, Pay Later (BNPL) payment option. As the entry point to rewarding shopping for over 30 million shoppers across the Asia-Pacific, the Group aspires to now be the preferred checkout option for shoppers with PayLater.

Vietnamese electric vehicle manufacturer VinFast announced Friday the simultaneous opening of the first six VinFast Stores in California. In 2022, the firm will continue to open more than 30 stores in California, while also exploring expansion to other states across the United States.

DOKU, an Indonesia-based payment platform, announced Thursday it has expanded into Malaysia after acquired an online payment firm senangPay for $7.5 million. The acquisition followed DOKU received funding from Apis Growth Fund II, a private equity fund managed by Apis Partners LLP last year.

Vietnamese electric vehicle manufacturer VinFast announced Thursday it has received a $1.2 billion incentive package from the State of North Carolina for its electric vehicle manufacturing project in the United States.

Chickin, an Indonesia-based poultry startup, said Friday it has raised an undisclosed amount of seed funding led by East Ventures with the participation of other investors. The investment will accelerate Chickin’s mission in enhancing Indonesia’s food security, where Chickin will allocate the fund to focus on improving their growth, people, technology,…

Detect Technologies, an artificial intelligence (AI)-based software as a service (SaaS) enterprise in India, announced Thursday that it has raised $28 million in primary and secondary funding. Prosus Ventures led this round with significant participation from existing investors Accel and Elevation Capital, and continued support from other existing…

Johnson & Johnson Vision, a global leader in eye health and part of Johnson & Johnson MedTech, has signed a Memorandum of Understanding (MoU) with the Agency for Science, Technology and Research (A*STAR) to jointly establish an Eye Health Digital Innovation Consortium.

Malaysia-based integrated car e-commerce platform Carsome, announced Thursday the appointment of football legend, Eric Cantona, as its brand ambassador. In his capacity as ambassador to the brand, Cantona will take an active involvement in Carsome’s upcoming promotional activities this year as well as group-wide advertising campaigns in Malaysia, Indonesia…

The state-owned investor has 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen and Singapore in Asia; and London, Brussels, New York, San Francisco, Washington DC, Mexico City, and Sao Paulo outside Asia.

Tjufoo announced on Wednesday that it has raised seed funding by TNB Aura, a Singapore-based thesis-led, high conviction venture capital firm investing across Southeast Asian companies that are primed for the future and ready to change the very face of their categories.