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Maybank : concern raised as Temu may turn aggressive in ASEAN amid US challenges

Maybank Investment Bank said Wednesday that the elimination of de minimis exemption by the United States has raised concerns among investors that Chinese e-commerce firm Temu may become aggressive in ASEAN.

Animoca Brands leads Hivello funding round ahead of token listing

Hivello, a DePIN aggregator that enables users to earn by monetizing idle computer resources across multiple decentralized networks, has announced that Animoca Brands, the Hong-based company driving digital property rights to help build the open metaverse, is leading its current funding round.

Atome Financial grows credit facility to $80M with BlackRock Private Credit, InnoVen Capital funding

Atome Financial, a Singapore-based digital financial technology platform and part of Advance Intelligence Group, has secured funding from BlackRock Private Credit, InnoVen Capital, growing its credit facility to $80 million.

StraitsX partners with RedotPay and Visa to advance digital asset payments

StraitsX, a Singapore-based digital asset infrastructure provider, has partnered with Hong Kong-based cryptocurrency payment firm RedotPay and global payment firm Visa to advance digital asset payments.

Maharlika, CP Group to launch $1B private equity fund for agri-food, digital, and green energy in the Philippines

The Philippines’ sovereign wealth fund Maharlika Investment Corporation (MIC) and Thai conglomerate Charoen Pokphand Group Co., Ltd. (CP Group) are launching $1 billion private equity fund for agri-food, digital, and green energy in the Philippines.

Life Science Incubator unveils Singapore’s largest co-working laboratory at Elementum

Life Science Incubator (LSI) has officially launched the largest co-working laboratory in Singapore at Elementum, located in JTC’s one-north business park.

Singapore’s Venturi Partners invests $25M in Indian footwear brand JQR

Venturi Partners, a Singapore-based consumer fund, has announced a $25 million investment in Just Quick Run (JQR), an India-based emerging brand in the affordable footwear segment.

Malaysia’s Payd secures $400,000 seed extension funding from A2D Ventures, Orbit Startups, AngelSpark

Payd, a Malaysian fintech company specializing in earned wage access (EWA) solutions, has successfully raised a $400,000 seed extension round from A2D Ventures, Orbit Startups, and AngelSpark.

Digital 2025: nearly two thirds of Southeast Asia’s population are on social media

Nearly two thirds (61.5 percent) of Southeast Asia’s population are on social media making up 10.2 percent of the global share of social media identities, Meltwater and We Are Social said Monday.

MUFG’s JACCS takes 49% stake in Carsome Capital to boost auto financing

Carsome Group, Southeast Asia’s (SEA) largest integrated car e-commerce platform, and JACCS Co., Ltd., a Japan-based consumer credit service firm of the Mitsubishi UFJ Financial Group (MUFG), have announced a strategic partnership via Carsome Capital Sdn. Bhd., the financing arm of Carsome.