News

SoPa gets financing from Strattners to invest into subsidiaries to go public in 2024

Society Pass Inc. (SoPa), the Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, has announced an equity line of up to $40 million to invest into operating subsidiaries projected to go public in 2024.

TikTok’s compliance with Malaysian laws is still “unsatisfactory”, says Communications Minister

TikTok has recently come under scrutiny in Southeast Asia. Last week, Indonesia's government has halted transactions on its platform following a ban on e-commerce trade on social media.

Singapore’s Account Labs raises $7.7M to launch Google-login Web3 wallet

Account Labs, the Singapore-based Web3 wallet solution provider, has on Thursday announced it has raised $7.7 million from lead investors Amber Group, MixMarvel DAO Ventures, and Qiming Ventures, among other participants. The announcement comes alongside the launch of the firm’s first consumer-focused app, UniPass wallet, on Polygon.

Indonesia’s LUNA raises funds from TNB Aura and others for expansion

LUNA, an Indonesian embedded fintech and vertical software as a service (SaaS) platform for retailers and micro, small, and medium-sized enterprises (MSMEs), has on Thursday announced the completion of a round of financing led by TNB Aura through its TNBA Scout initiative.

Japan’s embedded flash memory developer Floadia raises $7M from INABATA and others

Japan-based embedded flash memory developer Floadia Corporation has raised approximately JPY 1.05 billion ($7.04 million) in Series D round. As a first closing, Inabata & Co., Ltd. headquartered in Chuo-ku, Osaka, and Cypress Capital, a Hong Kong investment company, underwrote an allotment of capital for a total of JPY 850 million ($5.7 million).

Singaporean health deep tech startup Mesh Bio secures investment from East Ventures

Mesh Bio, a Singapore-based health deep tech startup, announced Thursday that it had raised an undisclosed amount of funding from East Ventures, a venture capital firm focusing on Southeast Asia. The funding will be allocated to further develop the digital twin technologies in chronic disease management and to expand its services across Southeast Asia,…

Petronas Twin Towers in Kuala Lumpur, Malaysia

BMI sees Petronas’ private 5G deployment adds momentum to Malaysian digital transformation

BMI Industry Research said Thursday that Malaysian energy group Petronas' Private 5G deployment will add momentum to Malaysiandigital transformation. It opined that private 5G networks will be critical enablers of digital transformation for large enterprises in many different industries across Southeast Asia over the next five years.

Malaysia’s DRB-Hicom and China’s Geely set framework for development of Automotive Hi-Tech Valley

Malaysian conglomerate DRB-Hicom has inked master collaboration agreement (MCA) with Chinese automkaer Zhejiang Geely Holdings Group for the development of the Automotive High-Technology Valley (AHTV) project in Malaysia.

Japan’s NTT launches $50M data center in Malaysia

NTT Ltd, a Japan-based information technology (IT) infrastructure and services company, has launched its new data center in Malaysia with an investment of over MYR 234 million ($50 million).

Vietnam’s game developers, publishers level up with Google Cloud to establish the country as a global games industry powerhouse

Vietnam’s game developers and publishers VNGGames, Amanotes, and Wolffun Game have levelled up with Google Cloud to establish the country as a global games industry powerhouse.