News
IDC projects Southeast Asia’s ecommerce market to reach $325B by 2028
Southeast Asia’s (SEA’s) ecommerce market is projected to reach $325 billion by 2028, fueled by the rapid adoption of digital payments and regional interoperability, unlocking more opportunities in cross-border commerce for businesses, IDC said Tuesday.
Chitose Bio Evolution raises $49M through third-party allotment for expansion
Chitose Bio Evolution, a Singapore-based biotech firm and the headquarters of Chitose Group, has announced the issuance of new shares of JPY 7.3 billion ($49 million) through a third-party allotment for expansion.
Singapore’s Agros closes Series A funding round of $4.25M to accelerate expansion, innovation
Agros, a Singapore-based agri-tech startup, has closed a $4.25 million Series A funding round to accelerate its expansion and innovation.
Choco Up partners Wonder Capital to launch $50M fund for APAC SMEs
Choco Up, an Asia-based growth financing platform, has entered into a strategic partnership with Wonder Capital Group Limited, a Hong Kong-based independent investment management firm, to begin a series of private credit funds projected to raise $50 million, to fund Asia Pacific (APAC) small and medium-sized enterprises (SMEs).
Mober opens largest commercial EV charging hub in the Philippines
Philippine electric vehicle (EV) logistics firm Mober said Tuesday that it has officially opened Central Charge, the largest commercial EV Charging hub in the country to date.
Indosat Ooredoo Hutchison, Ericsson, and Google Cloud team up for cloud-native business support system
Indonesian telecommunications firm Indosat Ooredoo Hutchison has announced a strategic collaboration with Swedish telecommunications firm Ericsson and Google Cloud to consolidate its business support system (BSS) onto a single cloud-based platform.
Khazanah invests in Yinson Green Tech’s chargEV to accelerate development of Malaysia’s EV charging ecosystem
Yinson GreenTech, a Malaysia-based electrification ecosystem, announced Monday that its electric vehicle (EV) charging business, chargEV, had received an investment from the country's sovereign wealth fund Khazanah Nasional Berhad.
Grab partners four autonomous technology companies to assess impact of autonomous vehicles in Southeast Asia
Grab, the Singapore-based superapp, has on Monday announced the signing of new memoranda of understanding (MoUs) with four prominent autonomous technology companies: Autonomous A2Z, Motional, WeRide and Zelos.
Alibaba Cloud: majority of businesses intrigued by the potential of AI in achieving sustainability goals whilst energy consumption concerns persist
Majority of businesses intrigued by the potential of artificial intelligence (AI) in achieving sustainability goals whilst energy consumption concerns persist, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, said in its latest survey report Monday.
Thai SEC adds USDC and USDT to the cryptocurrencies list
The Securities and Exchange Commission (SEC) of Thailand has added USD Coin (USDC) and Tether (USDT) to the cryptocurrencies list
