Asia
Ant partners global e-wallets, card organizations for International Consumer Friendly Zones Program in China
Chinese fintech firm Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, have launched in Beijing a nation-wide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.
Imaginary Ones partners Animoca Brands to enhance Web3 entertainment ecosystem
Hong Kong-based gaming firm company Animoca Brands and Web3 entertainment and intellectual property (IP) company Imaginary Ones have on Monday announced a partnership to enhance Web3 entertainment ecosystem.
Japan’s Smartpay raises $7M in pre series A round led by SMBC Venture Capital
Japanese Fintech leader Smartpay was oversubscribed in raising $7 million in pre series A round led by Japanese technology investor SMBC Venture Capital.
Hyundai Motor, Kia inks deal with Exide Energy Solutions to produce electric vehicle battery in India
South Korean automakers Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia) have inked deal with Indian battery manufacturer Exide Energy Solutions Ltd. (Exide Energy) to produce electric vehicle (EV) battery in India.
IFC and DBS launch $500M facility to promote trade flows in emerging markets
The World Bank's member International Finance Corporation (IFC) and Singapore-based lender DBS Bank Limited (DBS) have signed a $500 million facility under IFC’s Global Trade Liquidity Program (GTLP). 20 percent of the facility will be allocated to climate-eligible trade transactions
B Capital sees opportunities in late-stage growth investing despite fundraising woes [Q&A]
In the interview, B Capital General Partner Sami Ahmad also shared B Capital's strategy and plans for the latest fund, among others.
SC Ventures partners NEXT176 to launch wealth platform
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and NEXT176, the venture building and investment arm of Old Mutual, a Pan-African financial services group, have joined forces to launch an inclusive financial wellness platform.
India’s SingleInterface raises $30M in funding led by Asia Partners
SingleInterface, an India-based software as a service (SaaS) startup, has on Wednesday announced a $30 million financing in its first ever external fundraising round.The firm said in a statement that Asia Partners, a Singapore-headquartered growth equity investment firm, led the round.
GDS enters Japan in partnership with Gaw Capital to build 40MW Tokyo project
GDS, a developer and operator of high-performance data centers in Asia, and Gaw Capital Partners, a private equity fund management firm, have on Tuesday announced a strategic partnership to build a 40 megawatts (MW) data center campus in Tokyo, Japan.
Tata Technologies partners BMW to develop automotive software, business IT solutions
Germany-based automaker the BMW Group and India-based product engineering and digital services company Tata Technologies have signed an agreement to form a Joint Venture (JV) with the aim to establish an automotive software and information technology (IT) development hub in Pune, Bengaluru and Chennai, India.
