Asia
Vingroup and Gotion starts building $275M LFP battery cell factory in Vietnam
VinES Energy Solutions Joint Stock Company, a member of Vingroup, and Gotion Inc., a wholly owned subsidiary of Gotion High-Tech, have started construction of lithium iron phosphate (LFP) battery cell factory in Vietnam. The project has a total investment of more than VND 6,329 billion ($275 million), a scale of 14 hectares (34.5 acres) with a design…
ADDX sells CYBAVO stake to Circle Internet Financial Limited
Singapore-based private market exchange ADDX has confirmed that it sold its stake in CYBAVO to US-based Circle Internet Financial Limited, a global financial technology firm and parent company of the issuer of USD Coin (USDC), as part of Circle’s acquisition of CYBAVO earlier this year.
Korea’s ambition for launching Layer 1 blockchains will accelerate in 2023
The Layer 1 take-off will force established platforms to re-architect their infrastructure to accommodate new players. Where South Korea has begun to realize this potential for a strengthened user-owned economy, we’re certain that the Layer 1 take-off won’t stay a regional phenomenon for long.
DEA signs MOU with Rakuten for collaborative Web3 partnership
Digital Entertainment Asset (DEA), a Singapore-based global Web3 entertainment company that operates the PlayMining non-fungible token (NFT) gaming platform, announced Thursday that it has signed a memorandum of understanding with Rakuten Group for a collaborative partnership in the Web3 domain.
Australia’s Vow raises $49.2M Series A funding led by Blackbird and Prosperity7 Ventures
Vow, an Australia-based cultured meat company, has on Monday announced its $49.2 million Series A funding co-led by Blackbird and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures. The round also saw strong support from Toyota Ventures, Square Peg Capital, Grok Ventures, Cavallo Ventures, Peakbridge, Tenacious Ventures, HostPlus Super,…
Cool Cats partners with Animoca Brands and OneFootball Labs to launch “Cool Cats FC”
Cool Cats Group, the web3 company behind the iconic blue-chip non-fungible token (NFT) collection Cool Cats, Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and OneFootball Labs, a joint venture between Animoca Brands, OneFootball, and Liberty City Ventures, on Friday announced the launch of the new…
Indian fintech startup Bold Finance raises $1.5M seed round led by Kae Capital
Fintech startup Bold Finance said Thursday it has raised a seed round of $1.5 million led by Kae Capital. The round also saw participation from existing investor Antler India and several angel investors such as Nitin Gupta (Uni Cards), Ishpreet Gandhi (Stride Ventures), Shashikant Dola (McKinsey & Company), Tushar Mehndiratta (Avail Finance), Vadiraj…
India’s Even Healthcare secures additional funding of $15M
Even Healthcare, an India-based healthcare startup, said Friday it has raised additional funding of $15 million to expand personalised and preventive care in India. The new capital comes from new investors Alpha Wave and Aspada (Lightrock).
India’s Amagi raises over $100M from General Atlantic
Amagi, an India-based media technology provider, announced Thursday over $100 million in investment, inclusive of $80 million in primary capital, from global growth equity firm General Atlantic. The investment brings Amagi’s valuation to $1.4 billion, representing an increase from the $1 billion valuation the company achieved in March 2022 with a $95…
Hashkey secures licences to operate virtual asset trading platform in Hong Kong
Hash Blockchain Limited (HBL), a member of the HashKey Group, a digital asset financial services group in Asia, has received approval from the Securities and Futures Commission of Hong Kong (SFC) to operate a virtual asset trading platform.
