Asia

Binance will make a $200 million strategic investment in United States (US) media firm Forbes. The strategic investment will be through Binance’s assumption of subscription agreements representing $200 million of commitments in the $400 million private investment in public equity (PIPE) that was previously announced along with Forbes’ intention to go public…

Binance has announced the signing of a Memorandum of Understanding (MoU) for a strategic partnership with Netmarble F&C, to build a global Play to Earn (P2E) ecosystem and non-fungible token (NFT) offering. Through the strategic partnership, the two teams will develop and contribute to the infrastructure of Binance Smart Chain (BSC) through BSC…

Singapore’s fintech industry hit a five-year high at 191 deals transacted in 2021, a 37 percent increase compared to 2020’s deal count (139 deals) and a 91 percent increase from 2019’s figures (100 deals), said a KPMG report on Tuesday.Total transaction value in Singapore also surged by 59 percent year-on-year at $3.94 billion, across venture capital (VC),…

NVIDIA and SoftBank Group Corp announced Tuesday the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited from Softbank. Both parties have agreed to terminate the agreement because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties. Arm will…

Taiwan's Infinity Ventures Crypto (IVC) announced the closing of its inaugural fund capped at $70 million to jumpstart and accelerate the growth of global GameFi, DeFi and Web 3 innovations. As Asia’s most active fund targeting the region’s booming crypto industry, IVC is participated by heavyweights such as Circle, Digital Currency Group, and Animoca…

ITCS Group has secured a strategic growth investment from Dymon Asia Private Equity (DAPE). Partnering with DAPE will enable ITCS to rapidly accelerate its growth to scale up the tech industry in Asia-Pacific over the next two to three years.

SO-COL (Social Collectables) announced the close of a $1.75 million seed round. The funding round was co-led by DeFiance Capital and Animoca Brands, with participation from Three Arrows Capital, Mechanism Capital, Global Founders Capital, Double Peak Group, Antifund, Genblock Capital, and Kronos Research. SO-COL will use the proceeds of this funding round…

Binance has partnered with YG Entertainment (YG) to develop metaverse, non-fungible token (NFT) and gaming opportunities. As part of the strategic partnership, Binance and YG will cooperate on a range of blockchain projects, including collaborations in the NFT space. Binance will provide the NFT platform and technology infrastructure while YG will supply…

Razorpay announced Tuesday its first international expansion into South-East Asia with the acquisition of a majority stake in Curlec for an undisclosed amount. This marks Razorpay’s fourth acquisition overall and its first in international waters, taking one step closer to becoming a fintech leader in emerging markets.