News

East Ventures announces first healthcare fund of $30M

East Ventures, a venture capital firm in Indonesia and Southeast Asia, has on Wednesday announced the firm’s first healthcare-focused fund with the amount of $30 million, which is dedicated to supporting innovative healthcare solutions in Indonesia.

UOB Malaysia launches Sustainability Accelerator Program for Malaysian SMEs

UOB Malaysia has launched the Jom Transform - Sustainability Accelerator Program (JT-SAP), which aims to empower Malaysian small and medium enterprises (SMEs) with foundational knowledge and know-how to adopt sustainable practices and accelerate their transition to a low carbon economy.

US-based NVIDIA partners Taiwan’s Foxconn to build factories and systems for the AI industrial revolution

American multinational technology company NVIDIA has on Tuesday announced that it is collaborating with Taiwanese multinational electronics contract manufacturer Hon Hai Technology Group (Foxconn) to accelerate the artificial intelligence (AI) industrial revolution.

Y Combinator-backed stock trading platform Cera rolls out in the Philippines

Cera, a United States stock trading platform backed by Y Combinator, in partnership with Fireblocks, announced its Beta launch, allowing Filipinos and anyone anywhere in the world to invest in US stocks using stablecoins.

REDtone partners UK’s Informed Solutions to supercharge Malaysia’s digitalization agenda

Malaysian digital service provider REDtone Digital Berhad (REDtone) and United Kingdom-based technology solutions provider Informed Solutions have announced a strategic partnership to offer digital transformation platforms and solutions powered by Artificial Intelligence (AI) to supercharge Malaysia’s digitalization agenda.

China’s LONGi invests $380M to set up solar PV manufacturing base in Malaysia

Chinese photovoltaics company LONGi Green Energy Technology Co is setting up a solar photovoltaic (PV) manufacturing facility in Malaysian with an investment of MYR 1.8 billion ($380 million).

Climate tech investment falls 40 percent amid economic uncertainty: PwC

Climate tech investments from venture-capital and private equity fell 40 percent in 2023 as economic uncertainty and geopolitical conflict dent investor confidence, according to PwC’s 2023 State of Climate Tech report, published on Tuesday.

Australia’s Digital Classifieds Group acquires Lamudi Indonesia & Philippines

Australian-based Digital Classifieds Group (DCG) has acquired the online property marketplaces in Indonesia and the Philippines in a newly confirmed acquisition of the Lamudi assets from the dubizzle Group (formerly EMPG). The deal follows DCG’s acquisition of the leading Bangladeshi portal, Bproperty, in January 2023 and propels the group to be Asia’s…

Philippines’ top crypto traders form association to advocate crypto investment literacy

As crypto adoption continues to grow in the country, top cryptocurrency traders have formally announced the formation of the Innovative Movement of the Philippine Association of Crypto Traders (IMPACT).

India’s BIVA Analytics raises $500,000 in funding led by Equanimity Ventures

BIVA Analytics, an India-based plug and play analytics platform, has on Monday announced the successful completion of its seed round funding, raising $500,000. This round was led by Equanimity Ventures, with participation from T-Hub, SucSeed Ventures, WarmUp Ventures and value-additive angels.