News
Singapore’s Wavemaker Partners names ex-Facebook exec Andy Hwang as General Partner
Wavemaker Partners, a Singapore-based venture capital firm, has on Wednesday welcomed Andy Hwang as its new General Partner, as the firm celebrates 10 years of investing in the region. Hwang is transitioning into venture capital after angel investing and coaching startup founders full-time for the past year.
South Korean SaaS firm Toss Lab secures $1.2M strategic investment from Taiwan’s Kdan Mobile Software
Toss Lab Inc, a South Korean software as a service (SaaS) firm, has secured $1.2 million strategic investment from Kdan Mobile Software, Ltd, a global SaaS company headquartered in Taiwan. The two leading productivity software companies from Asia plan to integrate their solutions to expand the international business to business (B2B) market.
J&T launches fresh delivery service in Malaysia
J&T Express Malaysia announced Tuesday that it has commenced full operations of the fresh delivery service in Malaysia. The J&T Fresh Delivery service is an end-to-end delivery of fresh produce from Cameron Highlands to Klang Valley, ensuring that the produce reaches its destination in the shortest time possible.
Ni Hsin launches electric vehicle motorcycles in Malaysia
Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Malaysia-listed Ni Hsin Group Berhad, has on Tuesday launched its TAILG EBIXON electric vehicle (EV) motorcycles. The firm has unveiled two models of its TAILG EV motorcycles in the personal and commercial categories: the TAILG EBIXON BOLD and TAILG EBIXON TORQ.
Hong Kong brandtech group Gusto Collective expands to Japan
Gusto Collective, a Hong Kong-based brandtech firm, announced Tuesday the establishment of its operations in Japan, headquartered in Tokyo. The expansion is spurred on by accelerating market demand in the region for next-gen customer experiences and innovative technologies in the burgeoning Web3 space.
GoTo’s revenue rises 30 percent year on year to $375M in 3Q
PT GoTo Gojek Tokopedia Tbk (GoTo), the Indonesia merged entity of Gojek and Tokopedia, announced Monday that its gross revenue up 30 percent year on year to Rp5.9 trillion ($375 million), above middle point of guidance range, as all segments registered growths. Meanwhile, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)…
Singapore’s Chinese media platform 7.5 Degree raises $ 1.4M in Pre-Series A Funding
Launched in 2017, the Singapore-based brand 7.5 Degree has been the first Chinese digital media that focus on Southeast Asia's new economy.
[event recap] Multilingual AI in the Era of Mobile Internet Indonesia (Jakarta Station)
Part of the 2022 IFLYTEK 1024 Developer Festival, the event in Jakarta is also co-organized by National Intelligence Voice Innovation Center and Huawei.
Singapore’s Kristal.AI secures $10M for its pre-series B funding round
Kristal.AI, a digital private wealth management platform based in Singapore, has raised over $10 million for its pre-series B funding round. The latest funding round has seen continued participation from the founders, existing investors such as Chiratae Ventures, Sanadhya family, Desai Family Office and brings in new investors such as Stride Ventures and…
China’s Xinghuo BIF appoints Malaysia’s MyEG to own and operate Xinghuo International Supernode
China’s national blockchain Xinghuo Blockchain Infrastructure and Facility (XInghuo BIF) has inked an agreement with Malaysian listed digital services firm MY E.G. Services Bhd (MyEG) for MyEG to own and operate the Xinghuo International Supernode (Malaysia) to connect China blockchain to global markets.
