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Crypto firm Metalpha invests in digital solutions provider NextGen Digital Venture
Metalpha Technology Holding Limited (Metalpha), a global crypto-based wealth management company, has invested in NextGen Digital Venture Limited (NextGen), strengthening the existing business partnership that provides institutional investors compliant investment channels for exposure to digital assets.
AirAsia Aviation Group strengthens leadership team with two executive appointments
AirAsia Aviation Group has announced two key leadership appointments - Chester Voo as Deputy Group Chief Executive Officer (Airline Operations) and Farouk Kamal as Deputy Group Chief Executive Officer (Corporate).
Indonesian AgriTech Semaai raises $4.7M in Pre-Series A funding led by CyberAgent Capital
Semaai, an Indonesian agritech startup, has raised $4.7 million in a mix of equity and debt financing. CyberAgent Capital led this investment round with participation from new investors, namely Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC and Heracles Ventures.
OneDegree strengthens leadership team with two key appointments
OneDegree Group, a Hong Kong-based insurtech, has made two key appointments on January 1, 2024. Michelle Ip has been appointed Chief Executive officer of OneDegree Global, the group’s technology arm. Meanwhile, Robin Scott has been named General Manager of OneDegree Middle East, the newly established division facilitating the group’s strategic expansion…
Alibaba’s Lazada cuts staff across Southeast Asia; reorganization plan to be announced soon – source
The new reorganisation plan will be announced by Jan 15, sources said.
VinFast to build $500M integrated electric vehicle facility in India
VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, has signed an agreement to build an integrated electric vehicle facility in Tamil Nadu, India. The duo will work toward a total investment of up to $2 billion, with an intended commitment of $500 million for the first phase of the project, spanning five years from the commencement date.
EY: Asean’s IPO proceeds down 20 percent on year to $5.6B in 2023
Asean initial public offering (IPO) proceeds down 20 percent year on year to $5.6 billion in 2023, EY said Friday. According to the firm's EY Global IPO Trends 2023, ASEAN IPO market remained robust in 2023, with a total of 157 deals, up 3 percent from 152 deals in 2022.
Japan’s Micoworks raises $24.5M in Series B round led by Vertex Growth
Micoworks Inc., a Japanese developer and provider of the MicoCloud and Micomii marketing platforms, has on Wednesday announced the successful raising of JPY 3.5 billion ($24.5 million) in a Series B funding round. The latest funding round was led by Vertex Growth, a growth-stage venture capital fund anchored by Vertex Holdings, a subsidiary of the global…
Vietnam’s VinFast inks deal with initial independent dealers in US
VinFast, a Vietnam-based smart electric vehicle manufacturer, has on Tuesday announced that it has officially signed agreements with five dealers in four states across the country, and United States customers can now experience VinFast’s electric vehicles through these dealers. The firm expects to expand its dealer network to 125 points of sale across the…
Alibaba’s Southeast Asian arm Lazada marks new year with layoffs in Singapore – report
Junior and senior employees from multiple departments, including the commercial and marketing teams, were affected.
