News
Indonesia’s J&T Express achieves positive adjusted EBITDA in 2023
Indonesian logistics service provider J&T Global Express Limited (J&T Express) have achieved positive adjusted earnings before tax, interest, depreciation, and amortization (EBITDA) for the first time, reaching $147 million in 2023, underpinned by higher revenue.
Singapore’s Doxa inks deal with Maybank for supply chain financing in construction sector
Malayan Banking Berhad (Maybank) has inked a deal with Singapore-headquartered fintech firm Doxa Holdings International (Doxa), to collaborate on providing and elevating supply chain financing (SCF) solutions for market players in the building and construction sector, and later expanding into other industries.
EFishery hires Indonesia’s IoT expert to accelerate technological development for aquaculture
Indonesian aqua-tech startup eFishery has on last Thursday announced the integration of Andri Yadi and his team, who were previously the driving force behind one of Indonesia’s most innovative and pioneering artificial intelligence of things (AIoT) startups, into its AIoT & Cultivation Intelligence Division.
Indonesian Bukalapak’s revenue up 23 percent year on year in 2023
Indonesian e-commerce firm Bukalapak has reported higher revenue in 2023, with the marketplace division delivering excellent growth of 47 percent over the year, primarily supported by the continued success in gaming.
Thailand’s Gulf Energy to apply digital bank license with partners, including telco giant AIS, Krungthai Bank – report
Bank of Thailand said interested applicants can submit their application for a virtual bank license to the central bank from March 20, 2024 to Sept 19.
CelcomDigi launches Malaysia’s first experiential & immersive learning environment – CelcomDigi Metaversity™
Malaysian telecommunication firm CelcomDigi Berhad, through its Innovation Centre, launched Malaysia’s first experiential and immersive learning environment - CelcomDigi Metaversity™.
Singapore’s Thunes expands strategic collaboration with Visa
Thunes, a Singapore-based cross-border payments company, has on Thursday announced its deepened strategic collaboration with Visa, a world leader in digital payments, aimed at enabling new endpoints in key markets across Asia and Africa.
India’s Ultrahuman raises $35M in equity and debt investment to accelerate growth
Indian health tech firm Ultrahuman has on Wednesday announced a $35 million equity and debt investment round. The series B funding round saw participation from venture capital firms Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave and Zomato founder Deepinder Goyal.
Indosat to integrate NVIDIA’s Blackwell platform into its AI-Cloud infrastructure in Indonesia
Indonesia-based telecommunications provider Indosat Ooredoo Hutchison (Indosat) group has on Thursday announced it’s ready to integrate the NVIDIA Blackwell platform into its infrastructure, with the goal of propelling Indonesia into a new era of sovereign artificial intelligence (AI) and technological advancement.
India’s Pocket FM raises $103M in Series D funding led by Lightspeed
Pocket FM, an India-based audio entertainment platform, has on Wednesday announced that it has raised $103 million in Series D funding. The round was led by Lightspeed with participation from StepStone Group.
