News
Malaysia’s KGW Logistics collaborates with UTHM to introduce hands-on learning in logistics and e-commerce
KGW Group Berhad, a Malaysia-based logistics services provider, has via its wholly-owned subsidiary KGW Logistics (M) Sdn Bhd, joined forces with Universiti Tun Hussein Onn Malaysia (UTHM) to establish an Enterprise Trade Hub. This collaboration is designed to empower students with a hands-on learning experience in the world of logistics and e-commerce.
Fourier Intelligence delivers advance rehab robotics center to WQ Park in Malaysia
China-based technology firm Fourier Intelligence has delivered an advance rehab robotics center to the newly launched WQ Park in Kuantan, to empower accessible rehabilitation technology for Malaysia's East Coast.
Binance Labs commits $10M to Helio Protocol to advance the LSDfi revolution
Binance Labs, the venture capital and incubation arm of Binance, has committed $10 million to Helio Protocol, a USD-pegged over-collateralized stablecoin. This strategic funding round emphasizes Binance Labs' dedication to supporting innovative projects that are set to shape the next era of DeFi.
South Korea’s SK Telekom invests $100M in US’s Anthropic to promote AI innovation
South Korea's telecommunications operator SK Telekom （SKT） has on Monday announced that it is investing additional $100 million in Anthropic, an artificial intelligence (AI) safety and research company based in San Francisco. This follows the previous investment from SK Telecom Venture Capital (SKTVC), the Silicon Valley-based venture capital arm of……
Central Retail partners Ant Group to launch Alipay+ to provide digital payment services for Asian travellers in Thailand
Thailand-based retailer Central Retail Corporation has joined forces with China-based technology provider Ant Group to launch Alipay+ at its stores, providing comprehensive services for international digital payments to enhance convenience for Asian tourists from Chinese mainland, Hong Kong SAR, Malaysia and South Korea.
Plug and Play partners Enterprise Singapore to launch program to support Singapore startups’ US expansion
United States-based accelerator firm Plug and Play has partnered with Singaporean government agency Enterprise Singapore (EnterpriseSG) to launch of the Global Innovation Alliance (GIA) San Francisco Acceleration Program, providing an opportunity for Singapore startups to explore and expand their products in the dynamic tech hub of San Francisco and the…
US’s Lineage partners Vietnam’s SK Logistics to expand network in Southeast Asia
United States-based logistics firm Lineage Logistics has on Friday announced it has partially closed a joint venture arrangement with Vietnam-based cold-storage warehouse operator SK Logistics. While financial terms of the transaction were not disclosed, Lineage Logistics said the joint venture allowed the firm to expand its network in Southeast Asia.
Philippine venture builder AHG Lab raises $4M to empower more entrepreneurs
AHG Lab, the independent venture builder in the Philippines, has secured a total of $4 million in Pre-Series A funding aimed at fueling the growth of the venture builder, its portfolio of ventures and programs, and the wider startup ecosystem. The investors of this round includes a United States family office and two Filipino family offices: the Rufino…
Taiwan’s Gogoro posts lower net loss of $5.6M in second quarter
Taiwanese battery-swapping refueling platform Gogoro saw its net loss for the second quarter of 2023 fall to $5.6 million from $121.1 million a year ago. The group registered a revenue of $87.2 million in the second quarter, down 3.8 percent year-over-year but up 0.2 percent year-over-year on a constant currency basis.
Singapore’s Funding Societies streamlines business operations in Indonesia
Singapore-based digital finance platform Funding Societies said Thursday the firm is streamlining business operations in Indonesia amid global challenges. This exercise has impacted 38 out of 214 people in Indonesia.
