Asia

B Capital, a global multi-stage investment firm, has on Thursday announced the close of its third venture growth fund and related companion funds (together, Growth Fund III), with aggregate capital commitments of approximately $2.1 billion.

Hong Kong-based PCCW and HKT (PCCW/HKT) have announced the launch of PCCW-HKT Futurera, a virtual world in The Sandbox metaverse, introducing over 20 missions for players, such as games based on popular ViuTV show "Be ON Game", and serving as Hong Kong's first metaverse staff recruitment to explore Web3.0 talent through gamification.

Neopets Metaverse has on Thursday announced the successful closing of its latest investment round, where it raised $4 million in funding. This round saw participation from industry leaders in the gaming and blockchain sectors, including Polygon Ventures, Blizzard Avalanche Ecosystem Fund, Hashkey Capital, IDG Capital, and gaming giant, NetDragon Websoft.

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, announced on Wednesday that it has completed the acquisition of WePlay Media Holdings LLC, a digital development studio and producer of mobile content based in United States.

PeopleFund Company, the South Korea artificial intelligence (AI)-based digital lending platform, has recently closed a $20 million funding round led by Bain Capital. A total of nine companies including Access Ventures, CLSA Capital Partners LendingArk Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners, and IBX Partners have also…

KKday, a Taiwan-based travel and experiences platform, has on Wednesday announced record-high 2022 revenue growth of 100 percent year on year, surpassing pre-Covid levels. The increase was bolstered by doubling down on domestic and international travel and investing in innovation and digital transformation of the Asia Pacific (APAC) tourism industry.

United States-based blockchain data analytics company CryptoSlam and Hong Kong-based Web3 media company Forkast.News have on Tuesday announced a merger to form Forkast Labs, a first-of-its-kind Web3-focused data intelligence and media platform.

Darwinbox, an India-based human resource (HR) tech unicorn, and Microsoft announced Tuesday a collaboration to empower organizations globally with the right tools to succeed in the evolving world of work.

MoviePass Inc., the technology platform enhancing the exploration of film and the moviegoing experience, announced Thursday it has raised its seed financing led by Animoca Brands. The round also saw participation from Claritas Capital, Emerald Plus, Gaingels, Harlem Capital, PKO VC and Sandhill Angels.