Asia

China’s HongShan sets up $2.5B startup fund – report

The report also said it is the largest fundraising by a privately-owned VC firm in China in the past year, marking the ongoing influence commanded by its founder Neil Shen, often considered the country’s most powerful tech investor.

Hex Trust partners Monad Labs to offer custody support for the Monad Blockchain

The Hex Trust Group, a Hong Kong-based provider of digital asset solutions, has partnered Monad Labs, a global developer-forward smart contract platform, to offer custody support for the Monad Blockchain.

Australia‘s DigitalX to launch spot Bitcoin ETF on ASX

Australian blockchain financial company DigitalX Limited said Tuesday that it will launch spot Bitcoin exchange-traded fund on the Australian Securities Exchange (ASX).

Second Xero Beautiful Business Fund launched to support Singapore’s small businesses

Xero, a New Zealand-based small business platform, has announced the return of the Xero Beautiful Business Fund for 2024 — an initiative offering more than SGD 630,000 ($466,720) in funding to support small businesses and non profits with their growth plans and help drive future success.

FREENOW integrates Alipay+ to enable Asian e-wallets acceptance in seven European countries

FREENOW, an European taxi app, has integrated Alipay+ cross-border mobile payment solutions with its taxi cab services in seven European countries: Spain, Germany, Ireland, Italy, France, Greece and Austria.

The Sandbox, Minto and Copro Corporation team up to produce NFTs

The Sandbox, Minto and Copro Corporation, have been authorized with permission from Kodansha Ltd. to produce non-fungible tokens (NFTs) and create Attack on Titan LAND on "The Sandbox" in the Web3 gaming decentralized metaverse.

SK Telecom partners Singtel to develop next-generation telco technology and solutions

Singaporean telecommunications firm Singtel and South Korean telecommunications operator SK Telecom have teamed up to develop next-generation telco technology and solutions.

Suzuki launches $40M fund in India to support social entrepreneurs

Suzuki Motor Corporation has launched $40 million fund in India to support social entrepreneurs.

Pakistan’s DealCart raises $3M in seed funding round led by Shorooq Partners and Sturgeon Capital

DealCart, a Pakistan-based social e-commerce startup, has successfully raised $3 million seed in a funding round led by Shorooq Partners and Sturgeon Capital. The round also saw participation from 500 Global, Evolution VC, Rayn Capital, and Khyber Venture Partners.

Open Campus receives grant from Arbitrum Foundation to launch EDU Chain

Open Campus, the decentralized education protocol backed by various launch partners including Animoca Brands, announced Thuesday it has received designated grant funding from the Arbitrum Foundation to support the upcoming launch of EDU Chain, the first Layer 3 (L3) blockchain specifically designed for education.