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Siam Commercial Bank buys 51% stake in digital asset exchange Bitkub for $540M
Under the deal, SCB’s affiliate SCB Securities Co., Ltd. (SCBS) will become Bitkub’s major shareholder and will be responsible for driving and engaging closely with the company as a business partner in building a business and digital asset ecosystem whereby digital asset exchange will become one of the nation’s key infrastructure segments to achieve further…
Taiwan’s ALP to invest $1B to develop smart warehousing parks in Malaysia
Taiwan’s largest warehousing infrastructure developer Ally Logistic Property, Co. Ltd. (ALP) is set to invest $1 billion in Malaysia to develop smart warehousing solutions to boost the nation’s logistics industry.
Singapore’s ShipsFocus and Quest Ventures launch Maritime Fund, with first close at $7.5M
The Maritime Fund will invest in startups and technologies spanning applications in shipping and operations, maritime services, and port operations and services, which can include transiting shipping into a digital operating system and addressing ESG, GHG emission and regulatory challenges, and deep-tech disruptions ranging from autonomous vehicles to…
Portugal’s EDP Renewables acquires 87.4% stake in Singapore’s Sunseap for $697M
The transaction allows EDPR to establish its presence in APAC with 540MW of operational and under-construction solar projects and a sizeable portfolio at different stages of development, namely 5.5GW of renewable projects.
Israel AI mobility firm Autobrains raises $101M Series C funding led by Temasek
With this latest round of funding, Autobrains is able to grow its commercial reach and bring self-learning AI to additional markets.
Singapore logistics firm uParcel raises $1.5M in pre-Series A funding to accelerate regional expansion
uParcel will utilize the investment to deepen its research on big data and AI with Singapore's universities to develop scalable delivery infrastructure and solutions. It will also be expanding into more cities in the region.
Malaysia’s VentureTECH and Japan’s SBI Ventures launch $18M private equity fund to boost Malaysian growth-stage technology firms
The fund is designed to play a strategic role in supporting Malaysian firms in the high value-added and emerging industry market segments to scale up to their full potential and help attract additional investors to support the expansion of these companies during this economic recovery period.
Malaysia unicorn Carsome seeks $200M in pre-IPO funding round – report
The Malaysia’s first tech unicorn is working with an adviser for the planned fundraising and aims to complete it as soon as in the coming weeks, Bloomberg reported.
AirAsia’s Teleport to raise $50M to $100M in Series A funding – report
Teleport is valued at $300 million in a deal announced in August where the firm acquired Malaysia food delivery platform Delivereat at $9.8 million.
Indonesia’s Gojek and Taiwan’s Gogoro to deploy battery swapping and two-wheel electric vehicle pilot in Jakarta
Gojek and Gogoro have announced a strategic partnership to deploy a battery swapping and two-wheel electric vehicle pilot in Jakarta. The pilot program will consist 250 Gogoro Smartscooters and four GoStation battery swapping stations that will be located at Pertamina gas stations. Both companies plan to scale up the pilot to 5,000 scooters and more battery…
