News
Southeast Asia’s Ecommerce market up 22.8 percent year on year to $157.6B in 2025 – Momentum Works
Southeast Asia’s ecommerce platform gross merchandise value (GMV) grew 22.8 percent year-on-year in 2025 to reach $157.6 billion in 2025, as leading platforms returned to growth while continuing to improve infrastructure, fulfilment, and customer experience, Momentum Works said Tuesday.
Southeast Asia’s IPO proceeds jump 174 percent year on year to $1.8B in first quarter
Southeast Asia saw a total of 14 initial public offerings (IPOs) that raised $1.8 billion in the first quarter of 2026, a 48 percent decline in volume but 174 percent increase in proceeds compared with 27 IPOs raising $700 million in the first quarter of 2025, EY said Monday.
Singapore advances for third consecutive year as AI readiness reshapes digital services – Adobe Digital Government Index
Global technology firm Adobe has on Monday released its 2025 Digital Government Index (DGI) for Singapore, which reveals that the nation’s overall score rose to 65, a 4.7 percent uplift from 2024, marking its third consecutive year of growth.
Satair strengthens Singapore aerospace logistics with Swisslog AutoStore system
Switzerland logistics automation company Swisslog has on Monday announced the successful deployment and commissioning of Satair's new AutoStore system at its Singapore facility, strengthening its position in Southeast Asia.
Payment platform ShopBack, restaurant tech platform Eats365 partner up to power F&B growth in Hong Kong
ShopBack, a shopping-rewards-payment platform in the Asia-Pacific, has announced a strategic partnership with Eats365, a restaurant tech platform, to integrate rewards, payments, and consumer engagement capabilities into offline food and beverage (F&B) operations in Hong Kong.
Singapore-based cloud service OrtCloud raises $1.7M pre-seed funding to advance AI-focused cloud infrastructure
OrtCloud, a Singapore-based cloud infrastructure company, has raised $1.7 million in a pre-seed funding round led by Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures, with participation from early-stage investor Antler.
Ride-hailing service GSM launches electric mobility platform in Indonesia, Philippines
Green and Smart Mobility (GSM), the ride-hailing service under the ecosystem of Vietnam's conglomerate Vingroup, has launched its shared business platform, Green SM Platform, in Indonesia and the Philippines.
Sidec launches Token-X to accelerate Malaysia’s digital asset and Web3 ecosystem
The Selangor Information Technology and Digital Economy Corporation (Sidec) has introduced Token-X, an accelerator program aimed at advancing Malaysia’s position in digital assets, blockchain innovation, and the emerging Web3 economy.
Malaysia PE firm Creador targets $1B for new PE fund, launching in Q1 next year
"We are targeting to launch the new fund in the first quarter next year," Creador Founder and Chief Executive Officer Brahmal Vasudevan told TNGlobal.
Vietnam’s EV maker VinFast aims to up localization rate from 60% to 80%
VinFast, the electric vehicle (EV) manufacturer of Vietnam's conglomerate Vingroup, aims to raise its localization rate from 60 percent to 80 percent in 2026.
