News

Zoomcar has launched Zoomcar Host - the Philippines’ first ever car sharing marketplace, allowing vehicle owners to generate income by sharing their car on the Zoomcar platform. With Zoomcar Host, Filipinos can rent out their vehicles from a six-hour to six-month periods and generate additional income when not in use.

Indonesian conglomerates CT Corp, Salim Group, e-commerce marketplace Bukalapak, ride-hailling firm Grab, used car marketplace Carro, and private equity firm Growtheum Capital Partners have jointly participated in the rights issue of Bank Allo to accelerate the expansion of credit services across Indonesia. Bank Allo is a fully licensed bank offering…

Sygnum has raised $90 million in an oversubscribed Series B funding round led by Sun Hung Kai & Co. Limited. They are joined by a raft of new and existing strategic investors, with the round valuing Sygnum at $800 million on a post-money basis.

The Sandbox has added multiple Hong Kong partners from the film, music, entertainment, acting, professional services, finance, real estate, and gaming sectors to create Mega City, a new cultural hub. Partners who acquired LAND to build Mega City in The Sandbox’s metaverse include Hong Kong tycoon Adrian Cheng, alternative investing leader Sun Hung Kai &…

Zeek is closing the year on the back of strong momentum in Southeast Asia. Following its foray into Ho Chi Minh City in the fourth quarter of 2020 and its successful partnership with Circle K Vietnam, one of Vietnam’s largest local convenience store chains, Zeek has expanded its footprint in Vietnam with its launch in Hanoi in November 2021.

Timo has raised $20 million fresh funding led by Square Peg. .Other participants are Jungle Ventures, Granite Oak, FinAccel, Phoenix Holdings (existing investor) and other super angels.

Brankas announced the close of its $20 million Series B investment round led by Insignia Ventures Partners, Visa, AFG Partners and Treasury International. Its existing investors Beenext and Integra Partners also joined the round, Brankas. With this round, Brankas aims to scale its network of more than 40 financial institutions and 100+ technology companies,…

Pandai Education Sdn Bhd has recently raised a total of $2.03 million investment from a group of local and international investors in its pre-seed and seed round. Among the investors that participated in the rounds are Y Combinator, Global Founders Capital, 500 Global, Soma Capital, Harvard. Joining the round included Malaysian investors RHL Ventures,…

Tencent’s voting power to be reduced below 10 percent following the transaction and proposed share conversion.

Aerodyne Group has signed an agreement to acquire a principal stake in Malaysia-based artificial intelligence (AI) and data analytics company Synapse Innovation Sdn Bhd. This investment is engineered to supercharge Aerodyne Group’s prowess in AI and data analytics, as well as strengthening Aerodyne Group’s technology support for its international…