News
SEA Group’s revenue up 17 percent year on year in 3Q
Singapore-based consumer internet company SEA Group announced Tuesday that the group's revenue rose 17.4 percent year on year to $3.2 billion in the third quarter ended September 30, 2022, as its e-commerce revenue surged. The group's e-commerce revenue for the third quarter jumped 32.4 percent year on year to $1.9 billion.
Visa launches Google wallet for Visa cardholders in Malaysia
Visa has on Wednesday announced the launch of Google Wallet for Visa cardholders on both Android and WearOS devices in Malaysia. Visa cardholders from Hong Leong Bank (credit) and Public Bank (credit and debit cards) can now make fast and secure purchases in stores, online, and in apps, and store their Visa cards within Google Wallet. Cardholders of HSBC…
Singapore’s Amilo expands to Southeast Asian markets after securing $2M funding
Amilo, a newly setup logistics company based in Singapore, plans to consolidate its growth within the four Southeast Asian (SEA) markets after securing $2 million funding. Over the next 6 months, the firm plans to consolidate its growth within the four markets of Singpore, Malaysia, Vietnam and Indonesia in a margin sustainable way before expanding into the…
Singapore’s ADDX raises $20M Pre-Series B round led by Korean KB Securities
Singapore-based private market exchange ADDX has raised approximately $20 million in fresh capital from new and existing shareholders. KB Securities, a subsidiary of Korea’s largest banking group KB Financial Group (KBFG), led this latest investment, which was part of an upsized Pre-Series B round.
Australia’s Vow raises $49.2M Series A funding led by Blackbird and Prosperity7 Ventures
Vow, an Australia-based cultured meat company, has on Monday announced its $49.2 million Series A funding co-led by Blackbird and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures. The round also saw strong support from Toyota Ventures, Square Peg Capital, Grok Ventures, Cavallo Ventures, Peakbridge, Tenacious Ventures, HostPlus Super,…
Thai startup Beam raises $2.5M seed funding led by Surge, Sequoia Capital India and Southeast Asia’s accelerator program
Beam, a Thailand-based payment firm, has on Wednesday raised $2.5 million in seed funding led by Surge, Sequoia Capital India and Southeast Asia’s rapid scale-up program, with participation from Partech Partners.
PLN seals agreement with Amazon for 210 MW of solar projects in Indonesia
Indonesian state-owned electricity company PT PLN (Persero) (PLN) announced Wednesday an agreement with Amazon for 210 megawatts (MW) of renewable energy capacity across four solar projects in Indonesia. This is a first-of- its-kind agreement for corporates to access additional, utility-scale solar projects in the country.
Vietnam’s VinFast opens first Canadian store at Yorkdale Shopping Center in Toronto
VinFast, the Vietnam-based electric vehicle company, has officially opened its first Canadian store at Yorkdale Shopping Centre in Toronto, Ontario. The flagship location is part of the company's rollout in Canada, with seven more stores set to open before year end, including two locations at CF Carrefour Laval in Quebec, and Park Royal Shopping Centre in…
Telkom Indonesia partners Google Cloud to advance Indonesia’s national digital transformation agenda
PT Telkom Indonesia (Persero) Tbk (Telkom) and Google Cloud have entered into a multi-year strategic collaboration to realize Telkom’s vision of becoming a leading digital telco that empowers local businesses and communities.
Singapore’s AnyMind gets approval for Japan listing
AnyMind Group, a Singapore-based end-to-end commerce enablement company, on Tuesday announced that the Tokyo Stock Exchange has approved the initial listing of the Company’s shares on the growth market of the Tokyo Stock Exchange. The date of listing is scheduled to be December 15.
