On location

AirAsia's e-hailing venture came as the aviation group is in the midst of building its digital businesses and its ASEAN Super App when most of its planes were grounded due to the ongoing COVID-19 pandemic.

The company intends to use the latest funding to fuel expansion in the East Asian, European, and North American markets and invest in R&D.

As a signatory, Edotco said it will be supporting the 10 Principles on human rights, labor, environment and anti-corruption, which will be embedded as part of the company’s strategy, culture, and day-to-day operations.

XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets.

Recently, Forbes Asia has released the inaugural 100 to Watch list, which spotlights notable small companies and startups on the rise across the Asia-Pacific region. Among the 100 featured companies, Vietnam has four of its startups selected, operating in the fields of e-commerce, logistics, proptech, and healthtech.

Venture capitalists TechNode Global contacted opined that political issues will have little impact on investors' confidence in Malaysian tech startups. The tech industry in the country will continue to grow due to the ongoing pandemic which has accelerated digitalization.

The delay comes as Indonesia's Financial Services Authority (OJK) considers new listing guidelines for tech companies to offer dual-class shares that confer different voting rights.

The Monetary Board decided to close the window for the submission of applications from new digital banks, including converting banks, starting August​ 31, 2021. This is in line with the overall thrust of maintaining a stable and competitive environment for banks.

HOMA's plans to expand to 10 more new locations by 2022.

The deal values Teleport at $300 million and welcomes investors, including Kuala Lumpur and Shanghai-based venture capital firm Gobi Partners onboard.