Asia

Despite current global economic headwinds and private funding in the region declining to its lowest levels in six years, the startup ecosystem in Southeast Asia and India remains resilient, demonstrating significant signs of maturity, a study showed Tuesday.

Animoca Brands Corporation Limited (Animoca Brands), a Hong Kong-based Web3 firm, announced Monday a strategic partnership with Web3 venture builder Everest Ventures Group (EVG) that includes cross-investments in each other’s projects.

Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International, will embark on joint marketing withHyundai Department Store. The two parties are aiming to expand customer interaction and strengthen their global positions through holding a pop-up store at The Hyundai Seoul, now a globally established…

Gogoro Inc., a Taiwan-based battery-swapping ecosystems firm, has announced an agreement for $50 million investment from Gold Sino Assets Limited (Gold Sino) to continue its leadership in urban battery swapping ecosystems and smart mobility innovation to accelerate the shift to sustainable urban transportation.

ORIGIN: Asia Tech Conference was held in Macao this year as part of the BEYOND Week partner event. This year’s theme is ‘Unleashing Potential, Reimagine Future’.

Ant Group and Mastercard, along with 12 overseas payment partners of Alipay+ and other major international card organizations, have launched the International Consumer Friendly Zones program in Shanghai.

Infra.Market, an India-based tech construction material solutions company, has secured an additional $50 million in financing from MARS Unicorn Fund, a joint venture from Israel-based asset manager Liquidity Group and Japan-based financial group MUFG.

The Asian Development Bank (ADB) said Thursday it doubled to $1 billion the amount of climate financing from its private sector operations in 2023, with 75 percent of its projects including climate-related funding.

Turno, an India-based electric vehicle (EV) distribution and financing company, has raised $6 million as an extension to its Series-A funding. The round was co- led by British International Investment (BII), the United Kingdom’s development finance institution and impact investor, Quona Capital, Stellaris Venture Partners and B Capital.

Aspire, a finance platform headquartered in Singapore, has on Wednesday announced that the company has successfully obtained a money service operator (MSO) license issued by the Hong Kong Customs and Excise Department.