News

Malaysia's e-commerce income by establishment recorded a notable growth of 10.4 percent year-on-year in the first quarter of 2023, to reach MYR 291.7 billion ($62.6 billion U.S. dollars), official data showed Thursday.

Brinc, a Hong Kong-based global venture accelerator, has on Thursday announced the debut cohort of its Climate Tech accelerator, where four startups kick off its Summer 2023 program.

Farcana, an upcoming Web3 team arena shooter game, has on Wednesday announced that it has entered into a strategic agreement with Hong Kong-based Web3 industry firm Animoca Brands.

Seven in ten consumers in Malaysia are now using contactless cards for payments, said a recent study done by global payment firm Visa.

Needle, an end-to-end artificial intelligence (AI) marketer based in Singapore, has on Wednesday announced the close of its $1.2 million oversubscribed pre-seed round led by Iterative. The round also saw participation from Ethos Fund and Goldbell Financial Services.

VentureBlick, a Singapore-based venture platform for healthcare innovation, has announced the successful closure of its first two deals, securing a total of $2.6 million for two startups despite a challenging funding environment.

Moloco, a United States firm in operational machine learning (ML) and performance advertising, has announced that investors including Fidelity Management & Research Company and Singapore-based global investor EDBI, have become its shareholders via secondary stock transactions.

Tencent Cloud, the cloud business of China-based tech company Tencent, has on Wednesday announced its collaboration with Allo Bank, Indonesia’s largest digital banking platform, to enhance digital banking in the country.

Malaysian Research Accelerator for Technology & Innovation (MRANTI), a commercialization catalyst in the technology and innovation ecosystem, and pitchIN, Malaysia's Digital Fundraising and Investment Hub, have announced their strategic partnership aimed at revolutionizing the investment landscape for Malaysian startups and spinoffs.

Singapore home-grown biotechnology start up Ento Industries has secured growth funding from a pair of environmental, social and governance (ESG)-focused private investors Tak Wai CHUNG and Te-LingNAI. The funding will expedite the firm's move to a larger facility and ramp up its production capabilities.