Asia
Rethinking Venture Capital: How Gobi Partners’ value-driven strategy achieved three exits in one year
Despite headwinds, Gobi Partners saw three of its portfolio startups exit over the last year, generating $350 million in total value with a 20x return on investment. The companies represent diverse sectors and exit strategies: e-commerce enabler Synagistics’ de-SPAC in Hong Kong, Mize’s acquisition by Korea’s Yanolja and Brite Semiconductor’s IPO on the…
ADB approves $14.8M grant to accelerate climate action
The Asian Development Bank (ADB) has approved a technical assistance (TA) grant of $14.8 million to accelerate climate action, foster innovation, and strengthen private sector development across its regional operations.
Japan’s NTT DATA acquires land for new data center in Malaysia
NTT Data, a Japan-based global technology services firm, is acquiring land for new data center in Malaysia.
Tech Data : AI and cybersecurity emerge as key business movers in technology channel
Artificial intelligence (AI) and cybersecurity have emerged as key business movers in the technology channel, Tech Data said Tuesday.
Global Insurtech firm discovermarket expands into Latin America, launching in Brazil
With this expansion, discovermarket aims to transform the future of embedded insurance in the region by bringing innovative insurance solutions, technology, and expertise to Latin America’s rapidly evolving Insurtech landscape.
Australia and Singapore collaborate to support sustainable infrastructure and decarbonization in Southeast Asia
The Australian government has approved a $50 million investment into the Green Investments partnership (GIP) under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative.
Singapore’s Crypto.com partners with Mastercard to scale the digital payments industry in GCC region
Singapore-based cryptocurrency exchange firm Crypto.com has secured a principal license with Mastercard, enabling the company to directly issue cards on Mastercard’s network.
Alibaba Cloud revamps global partnership ecosystem to fuel AI-driven growth
The initiatives aim to foster the growth of global partners and accelerate the development and deployment of cutting-edge artificial intelligence and cloud computing solutions for businesses across various industries worldwide.
ADB, Mastercard launch innovative partnership to finance MSMEs in Asia and the Pacific
The Asian Development Bank (ADB) and the Mastercard Impact Fund, administered by the Mastercard Center for Inclusive Growth, have signed a memorandum of understanding to establish a groundbreaking partnership aimed at supporting micro, small, and medium-sized enterprises (MSMEs) across Asia and the Pacific.
Hong Kong’s ZA Bank becomes Asia’s first bank to offer crypto trading services for retail users
Global crypto demand is skyrocketing, with users reaching 560 million by mid-2024 — a 30 percent year-on-year increase. Crypto market capitalisation has surged nearly 90 percent, surpassing $2.3 trillion. Bitcoin hit record highs following the US presidential election, driven by expectations of crypto-friendly policies from the new Congress.
