News

Malaysia-based pre-owned electronics platform 3cat has raised a $4 million Series A led by Foxmont Capital Partners, with participation from the Asian Development Bank and Golden Gate Ventures, as it prepares to enter the Philippines.

Taiwan's export orders reached a record $102.96 billion in August, up 71.4 percent from a year earlier, as demand for AI servers, chips and other computing products accelerated.

Okta, AWS, Google Cloud, CrowdStrike, Salesforce and other technology companies have formed the Blueprint Alliance around a shared reference architecture for securing enterprise AI agents.

Adtech company Equativ has become a technology partner for ChatGPT Ads, offering campaign activation in current markets including Japan as OpenAI expands ways for advertisers to buy ads.

IDTechEx expects supercapacitors to gain use in AI data centers for short-duration power buffering and voltage stabilization, with potential deployment at rack, aisle and UPS levels.

Philippine payments company PayMongo is targeting revenue at about four times last year's level while expanding beyond transaction fees into subscription and merchant services.

UnionPay says its acceptance network now spans all ten ASEAN countries and more than 38 million QR merchants as it expands cross-border payment links across the region.

Singapore semiconductor startup Nexstrom has raised a $12 million seed round led by Xora Innovation to commercialize a wafer-scale platform for single-crystal 2D semiconductor materials.

South Korea's Kakao has opposed a proposed US ADR listing involving shares in Kakao Mobility held by private equity firm TPG.

The Philippines has reached substantial agreement on a free trade deal with the EU while Canada says separate talks with Manila and ASEAN are more than 90 percent complete, with data centers among investment opportunities under discussion.