News
Sygnum raises more than $40M in funding led by Azimut Holding
Singapore and Switzerland-based digital asset banking group Sygnum has on Thursday announced that it has raised more than $40 million against an initial $35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this interim close the company’s post-money valuation stands at $900…
Malaysia’s TNB partners China’s state-owned utilities to shake up ASEAN power grid with HVDC technology
Malaysian utility firm Tenaga Nasional Berhad (TNB) is spearheading a transformative partnership with China’s state-owned power utilities, aiming to revolutionize the ASEAN power grid (APG) through cutting-edge highvoltage direct current (HVDC) technology.
Hong Kong’s Qupital secures series B2 funding to fuel market expansion and product innovation
Qupital, a Hong Kong-based data-driven financing platform for small and medium-sized enterprises (SMEs) in the new economy, has on Thursday announced its new Series B2 financing round funded by a consortium of new and existing investors from Hong Kong and Southeast Asia.
Singapore’s Vizzio appoints interim CEO following ‘CEO’s fabricated credentials, inflated client list’ controversy
Vizzio CEO Jon Lee has come under fire after he was found to have faked his credentials following a report by Tech In Asia .
Tēnaka partners Orange Business to scale coral reef restoration program in Malaysia
France's information technology firm Orange Business and Tēnaka, a social business that works to restore and protect marine ecosystems worldwide, have partnered to scale the coral reef restoration in a Marine Protected Area of the Coral Triangle in Malaysia.
PepsiCo launches second APAC Greenhouse Accelerator Program to accelerate climate-positive solutions development
American multinational food, snack, and beverage corporation PepsiCo has on Thursday announced the launch of the second Greenhouse Accelerator program in the Asia Pacific (APAC) region. The firm is looking to supporting entrepreneurs who are developing innovative solutions in sustainable agriculture, climate action, and the circular economy.
Singapore’s Arkadiah Technology closes seed funding round led by Golden Gate Ventures
Arkadiah Technology (Arkadiah), a nature tech company based in Singapore, announced Thursday the successful closure of its seed funding round. The round was led by Golden Gate Ventures, with the participation from The Radical Fund and Money Forward Venture Partners (HIRAC FUND).
Innoven Capital announces first close of second China fund at $130M
InnoVen Capital, an Asian provider of venture debt for high growth, venture-backed technology companies, has unveiled the launch of its second China fund — InnoVen China Fund II, a USD-RMB Dual Currency Fund. The fund targets a total size of $250 million, and an initial close of approximately $130 million has been completed.
Malaysia to appoint PNB chief to lead country’s largest pension fund EPF – Reuters
EPF invests in a number of approved financial instruments which include Malaysian Government Securities and Equivalent; equities; loans and bonds; money market instruments; and real estate and infrastructure.
Airasia MOVE’s monthly active users surge 48 percent on year in 4Q2023
Airasia MOVE (formerly known as airasia superapp) continues to set new milestones, achieving a peak of close to 17 million in its average monthly active users (MAU) during the fourth quarter of 2023, a 48 percent year on year growth. The app maintained an average of 15 million MAU throughout the year 2023, a 42 percent year on year surge.
