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Hong Kong rail operator MTR enters Web3 era in partnership with The Sandbox

Hong Kong rail operator MTR Corporation announced Thursday its entry into the Web3 era and will start its metaverse journey in partnership with The Sandbox, a decentralized gaming virtual world and subsidiary of Animoca Brands, to create new and immersive experiences in the virtual world.

TechStorm and Original Startups Collective forge strategic alliance via metaverse-centric partnership

TechStorm, a Singapore-based media community for esports, gaming and Web3 enthusiasts, announced Friday a new partnership with metaverse startup launchpad Original Startups Collective (OSC), aimed at growing diverse metaverse entrepreneurial communities across the region. Through this collaboration, the two organizations will bring their collective…

FamilyMart makes strategic investment in Japanese e-scooter sharing firm Luup

Japan-based convenient store chain FamilyMart Co.,Ltd. announced Friday that it has made a strategic investment in Luup, Inc. a Japanese e-scooter and e-bike sharing service provider. Through this partnership, the two companies will begin full-scale collaboration, including the installation of LUUP ports at FamilyMart stores and joint marketing effort.

Indonesia’s Xendit makes strategic investment in Bank Sahabat Sampoerna

Xendit, an Indonesia-based financial technology company that provides payment solutions, said Thursday it has made a strategic investment in Bank Sahabat Sampoerna, an Indonesian private bank that focuses on micro, small and medium-sized enterprise (SME) businesses, as well as banking-as-a-service for technology-enabled businesses.

Singapore’s The GrowHub partners Vietnam’s Society Pass to provide Australian food products

Singapore-based food and agri-tech company The GrowHub Innovations Company (The GrowHub), announced Friday that it has signed a strategic marketing partnership Memorandum of Understanding (MOU) with Vietnam-based loyalty platform Society Pass to provide agri-food products from producers in Western Australia.

Animoca Brands partners Planet Hollywood to form joint venture for NFTs, themed metaverse and community

Hong Kong-based gaming firm Animoca Brands and United States-based entertainment firm Planet Hollywood Group announced Friday the MetaHollywood joint venture. The MetaHollywood will build the largest online community for movie lovers, studios, and creators to interact within a Hollywood-themed metaverse and marketplace for digital collectibles, moments,…

Gobi Partners and Ozora Venture launch first $10M seed fund for women startups in Indonesia

Venture capital (VC) firms Gobi Partners and Ozora Yatrapaktaja (PT Mega Ozora Venture) are partnering together to launch a $10 million seed fund for women start-ups in Indonesia, called the Ratu Nusa Fund. Focusing on health tech, e-commerce/social commerce, future of work/education, prop tech, enterprise/SME tech and fintech, the Ratu Nusa Fund will be…

Vietnam sustainability firm EQUO raises $1.3M seed funding led by NextGen Ventures

Vietnam-based sustainability company EQUO said Tuesday it has raised $1.3 million seed funding led by NextGen Ventures with participation from Techstars and East Ventures. Prominent angel investors Luke Vigeant of Shed Capital; Jeff Hohner of Tecumseh Capital; Jack Tai, Chief Executive Officer and Co-Founder of OneClass; Mark Groves, Founder of Create The…

Singapore’s Ordinary Folk raises $5M pre-series A round from Monk’s Hill Ventures

Ordinary Folk, a digital health technology startup based in Singapore, announced Thursday its Pre-Series A funding of $5 million by Monk's Hill Ventures. The funding will be used to accelerate hiring talent to build a differentiated CX in healthcare using tech, expand in new markets (Hong Kong and other Asian cities), while continuing to scale in Singapore.