News
Malaysia’s U Mobile, Felda team up for digital transformation
U Mobile, a Malaysia-based 5G network provider, has signed an agreement with government agency Federal Land Development Authority (FELDA), that will enable the telco to play a critical role in supporting the group on its digital transformation drive.
EAAIF invests $20M in Vietnam’s CME Solar
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has announced a $20 million investment in CME Solar to support the company to develop a pipeline of rooftop solar projects for companies in Vietnam.
Indonesia’s Bobobox launches five new properties
Indonesian capsule hotel and cabin operator Bobobox said Monday that it has launched five new properties in Indonesia.
Digido: Philippines’ digital lending market to potentially exceed $1B in 2025
The digital lending market in the Philippines — consisting of duly-registered non-bank digital lenders and digital banks — could exceed $1 billion in the second half of 2025, with likelihood of growth at an accelerated pace due to the high demand for online technologies from consumers, a study revealed on Tuesday.
TNGlobal Tracker: Startup Funding Snapshot for December 2024
The Southeast Asia (SEA) Monthly Funding Tracker for December 2024 highlights some recovery in funding activity. Total funding amounted to $211 million across 16 rounds, marking a surge of 143.37 percent compared to November 2024 and a 44.33 percent decline from December 2023.
Patrick Walujo commits to staying as Indonesia’s GoTo CEO until 2029
As CEO, Patrick will focus on driving GoTo towards long term profitable growth and GoTo’s Board of Commissioners has approved a performance-based retention package as part of his employment arrangement.
Japan’s Z Venture Capital launches $190M new fund to support startups globally
Japan-based investment firm Z Venture Capital (ZVC) has launched a new fund with a total size of 30 billion yen ($190 million) to support startups globally.
Malaysia’s Maxis partners UTAR to develop 5G solutions in healthcare and education
Malaysia’s integrated telco Maxis and Universiti Tunku Abdul Rahman (UTAR) are forging partnership to develop 5G solutions in healthcare and education.
Indonesia’s Soul Parking raises Series A funding co-led by AppWorks and AC Ventures to fuel growth
Soul Parking, an Indonesia-based parking management service provider, has announced the completion of a Series A extension round of financing co-led by AppWorks and AC Ventures.
Singapore’s Digital Edge raises over $1.6B to fund expansion
Digital Edge, a Singapore-based data centers developer, raised over $1.6 billion in new capital through a combination of equity and debt financing to fuel its next phase of growth.
