News
Southeast Asia e-commerce up 15 pct on year to $114.6B GMV in 2023
Total gross merchandise value (GMV) of Southeast Asia’s 8 leading ecommerce platforms rose to $114.6 billion in 2023, up 15 percent from 2022, according to Momentum Works “Ecommerce in Southeast Asia 2024” report released on Monday.
Philippine femtech firm Kindred Health raises $5.5M in pre-Series A funding round led by Integra Partners
Kindred Health Inc., a femtech company in the Philippines, has announced the successful completion of its pre-Series A funding round, raising a total of $5.5 million.
VinFast breaks ground on new EV assembly plant in Indonesia
Vietnamese automaker VinFast Auto has officially broken ground on its new electric vehicle (EV) assembly plant in Subang, West Java, Indonesia.
Malaysia’s E&E or semiconductor players positive on outlook for third quarter and beyond
Malaysia's electrical and electronics (E&E) or semiconductor players are positive on outlook for third quarter and beyond, a survey showed Monday.
Carsome partners NETA Auto Malaysia to offer NETA X electric vehicle
Carsome, Southeast Asia’s largest integrated car e-commerce platform, has partners with NETA Auto Malaysia to offer new NETA X electric vehicle (EV).
Singapore’s Partior raises $60M+ in Series B funding round led by Peak XV Partners
Partior, a Singapore-based fintech company, has announced the first close of a $60 million+ Series B round led by Peak XV Partners.
Pelago partners with Primer to deliver payments innovation for the global traveler
Primer, the United Kingdom-based payment firm, and Pelago, the travel experiences arm of Singapore Airlines Group, have forged a partnership allowing Pelago to elevate its payments strategy and meet the payment preferences of travelers worldwide.
Ant International collaborates with BNP Paribas on promoting cross-border payment solutions in Europe
BNP Paribas, the European Union’s leading bank, and Ant International, a Singapore-based digital payment and financial technology firm, have formed a strategic partnership to enhance cross-border payment solutions for merchants and consumers in Europe.
Softbank acquires United Kingdom chip start-up Graphcore
Japanese venture capital fund Softbank Group Corp. has acquired United Kingdom chip start-up Graphcore for an undisclosed sum.
Think-tanks CROSS, SEARCH, healthcare group Wellous & MOSTI agencies to co-organize inaugural ATEC 2024
The conference will focus on cultivating a robust ecosystem for science, technology, and innovation, providing a platform for knowledge exchange, and empowering technopreneurs to leverage emerging technologies for entrepreneurship, while enhancing regional exposure for Malaysian innovators.
