On location
Over 40 percent of Singapore IT leaders doubt digital infrastructure’s readiness for AI, says Equinix
More than four in ten information technology (IT) leaders surveyed in Asia-Pacific (44 percent) believe their existing IT infrastructure is not fully prepared for the demands of artificial intelligence (AI) technology, despite its widespread adoption across industries, according to the Equinix 2023 Global Tech Trends Survey revealed on Wednesday.
Digital banking is the most competitive sector in Southeast Asia’s fintech market, says Rabocash
The digital banking sector is the most competitive in the Southeast Asia (SEA), with a score of 9,692 on the Herfindahl-Hirschman Index (HHI) (reverse) index, Robocash Group said Thursday.
Southeast Asia ecommerce achieves $ 99.5B GMV in 2022, says Momentum Works
Southeast Asia Ecommerce achieved $99.5 billion gross merchandises value (GMV) in 2022, 1.8 times that of 2020 - the first year of the pandemic, a report showed Thursday. Momentum Works said in a statement that despite strong headwinds in Southeast Asia’s ecommerce sector in 2022, growth and competition continued.
Gusto Collective expands into SEA with acquisition of Mercury Integrated
Hong Kong-based brand technology group Gusto Collective is expanding into Southeast Asia (SEA) with acquisition of Singapore-based luxury-marketing firm Mercury Integrated.
Malaysia secures $1.79B investment commitments at London Tech Week – report
These investments are expected to create no fewer than 1,800 high-value jobs, the minister said at the signing of a memorandum of understanding (MoU) between Malaysia Digital Economy Corporation (MDEC) and the International Data Centre Authority (IDCA).
Malaysia’s Agmo inks MoU with Alibaba Cloud for EV superapp
Malaysian digital solutions and application development specialist Agmo Holdings Berhad has inked a memorandum of understanding (MoU) with Alibaba Cloud (Malaysia) Sdn. Bhd, cloud computing company of China-based Alibaba Group, to launch electric vehicle (EV) superapp.
India’s HighXP raises $2.2M in seed funding led by 3one4 Capital
HighXP, an India-based casual gaming studio building social games, has raised $2.2 million in seed funding. The funding was led by 3one4 Capital with participation from Prime Venture Partners and Gemba Capital.
Singapore-based deeptech startup Zero-Error Systems raises $7.5M in oversubscribed Series A funding
Zero-Error Systems (ZES), a Singapore-based deeptech startup, has secured an investment of $7.5 million in an oversubscribed Series A funding round. The funding round saw participation from the Dart Family Office and Airbus Ventures.
Quest Ventures-backed ApartX raises $250,000 in oversubscribed series seed round
ApartX, a Quest Ventures-backed property technology startup focused on rental property management, has on Wednesday announced that it had secured seed funding of $250,000 from Kazakhstan-based Big Sky Capital and Activat VC.
Hong Kong’s Finblox launches tokenized US T-Bills with OpenEden
Finblox, a Hong Kong-based crypto superapp backed by Dragonfly and Saison Capital, has announced the launch of tokenized rights to US Treasury Bills (T-Bills) in partnership with OpenEden, a firm that operates the first smart contract vault to offer 24/7 access to U.S. Treasury Bills.
