News
IFC Invests $6M in Türkiye digital brokerage company Midas
The International Finance Corporation (IFC)has on Thursday announced an investment of $6 million in Midas, a digital brokerage company in Türkiye, to accelerate digitalization in the country's brokerage industry, strengthen its competitiveness, and empower people to protect their wealth.
Hong Kong language AI firm Fano Labs fuels APAC expansion with Series B funding
Fano Labs, the Hong Kong provider of performance language artificial intelligence (AI) solutions, has on Thursday announced the successful closure of its Series B round. Openspace Ventures, a venture capital firm in Southeast Asia, led the investment round, with participation from HSBC and Greater Good Investment, the family office of Mr. and Mrs. Kenneth…
China’s BYD to build EV plant in Indonesia, groundbreaking expected in July – report
China-based electric vehicle producer BYD announced plan to build an automotive assembly plant in Indonesia's West Java, with groundbreaking scheduled for July.
India’s Avaada Energy closes $535M refinancing for its four solar projects in Rajasthan
Avaada Energy, the renewable energy arm of India-based Avaada Group, has announced the successful closure of INR 4,471 crore ($535 million) of refinancing from the state-owned lender, the National Bank for Financing Infrastructure and Development (NaBFID).
Microsoft to invest $2.2B in cloud and AI in Malaysia
American technology firm Microsoft has on Thursday announced that it will invest $2.2 billion over the next four years to support Malaysia’s digital transformation – the single largest investment in its 32-year history in the country.
Direct Lending partners Tan Chong Motor to introduce Shariah-compliant auto service financing plan in Malaysia
Direct Lending, a Malaysian digital lending platform, has on Thursday announced its partnership with Malaysian automotive firm Tan Chong Motor Holdings Berhad, to introduce a Shariah-compliant, fully digital auto service financing plan at their Nissan Service Centers nationwide.
Touchstone Partners leads $720,000 seed investment round in Vietnam’s Happynest
Touchstone Partners is leading a $720,000 seed round in Happynest, a Vietnam-based home and living community and social-commerce platform for housing. This investment will help Happynest grow their community and expand their product offerings.
ORIGIN Innovation Awards Extended to Integrate with ORIGIN Conference for Maximum Innovator Impact
TNGlobal today announces the extension of the ORIGIN Innovation Awards to deliver an even more impactful and rewarding experience for finalists and winners, especially given upcoming events co-organized by TNGlobal, including the ORIGIN Conference.
Microsoft to open a new data center in Thailand
American technology firm Microsoft said Wednesday it will open a new data center region in Thailand. The data center region will expand the availability of Microsoft’s hyperscale cloud services, facilitating enterprise-grade reliability, performance, and compliance with data residency and privacy standards.
Temasek-backed AI firm Blaize secures $106M funding
Blaize, a global artificial intelligence (AI) computing firm, has on Monday announced it has raised $106 million from investors including Singapore state investment firm Temasek.
