Asia

Pan-Asian venture capital firm Gobi Partners has bolstered its HealthTech portfolio with an aggregate investment of $11.8 million, spreading across 12 dynamic startups within China's Greater Bay Area (GBA) and Southeast Asia - or ‘Greater Bay ASEAN’.

Australian clean energy company MGA Thermal, has secured $8.25 million in funding as it prepares to scale its long-duration energy storage (LDES) solution. The fundraising effort attracted strong support from existing investors, including Main Sequence, Varley Holdings, Melt Ventures and New Zealand’s Climate Venture Capital Fund.

Crypto asset trading platform Binance's Dubai subsidiary Binance FZE has become the first exchange to receive the operational minimum viable product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA). 

Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary, announced Tuesday that it has received operating license approval from Dubai’s Virtual Asset Regulatory Authority (VARA) completing the final stage in VARA’s licensing process.

Hong Kong-based luxury products travel retailer DFS Group and Chinese conglomerate Alibaba Group affiliate Ant Group have announced a global strategic cooperation to enhance payments and marketing digitalization across DFS’ network of retail and online stores.

Crypto asset trading platform Binance has launched Binance Japan, its new platform designed for the Japanese market. Binance believes this to be a significant milestone in the country’s Web3 journey and hope to deliver an unmatched crypto experience to its users in Japan.

Plerion, an Australia-based cybersecurity company, has announced the closure of its seed round funding, raising $10 million led by Prosus Ventures, with participation from Cercano and Atlassian Ventures. The funding will fuel accelerated product development, talent acquisition, and go-to-market strategies as Plerion seeks to establish itself as a trusted…

United States venture capital heavyweights have backed the $28 million Series B funding round of Australian deep-tech mining company Plotlogic. Galvanize Climate Solutions, the climate-focused global investment firm founded by Tom Steyer and Katie Hall, and SE Ventures, the investing firm backed by French energy and automation giant Schneider Electric,…

The Southeast Asia (SEA) region experienced a year on year rise in initial public offering (IPO) volume of 26 percent and value of 31 percent in the first half amid slowing global market, EY said in a statement on Tuesday.

Hong Kong and Malaysia also signed 11 MoUs, including the one involving MTR Corporation.