Asia

Zyp Technologies launches EVs with battery swap stations in Pakistan with $1.5M investment led by Shorooq Partners

Zyp Technologies, a Pakistani electric vehicles startup, has raised $1.5 million in Series Pre-A funding led by Shorooq Partners to enable a city-wide launch of Zyp’s electric smart mobility technologies in Lahore, Pakistan.

China listed AI firm iFLYTEK to invest $51.23M in Hong Kong

China-listed artificial intelligence company iFLYTEK plans to HK$400 million ($51.23 million) in Hong Kong over the next five years.

Singapore’s CHITOSE Group raises $6.2M from Japan’s SMBC

Singapore-based biotech firm Chitose Bio Evolution Pte. Ltd. has announced the issuance of new shares of JPY 1 billion ($6.2 million) through a third-party allotment to Sumitomo Mitsui Banking Corporation (SMBC).

Capital A chief Fernandes demands answers from Microsoft with airlines losing ‘millions’ in global IT outage

The global tech glitch affected flights, banking and company operations in Malaysia, Hong Kong, Singapore, the United States, the United Kingdom, India and Australia, according to various media reports.

Microsoft says about 8.5 million of its devices affected by CrowdStrike-related outage

"Although this was not a Microsoft incident, given it impacts our ecosystem, we want to provide an update on the steps we’ve taken with CrowdStrike and others to remediate and support our customers," Microsoft clarified in a blog post on Saturday.

Animoca Brands’ Mocaverse, MOCA Foundation, and TON Foundation execute strategic partnership for MOCA Coin and Toncoin token swap

Animoca Brands’ Mocaverse has on Friday announced a strategic partnership with MOCA Foundation and The Open Network (TON) Foundation to implement an identity and reputation-based consumer network across Moca Network and TON Blockchain ecosystems.

Standard Chartered, Animoca Brands, HKT join forces to participate in the HKMA’s stablecoin issuer sandbox

Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT have joined forces to take part in the Hong Kong Monetary Authority (HKMA) stablecoin issuer sandbox (the Sandbox) that was announced in March this year.

Singapore’s Dr Clear Aligners secures $8M Series A funding from Insignia Ventures Partners

Dr Clear Aligners (DCA), a leading provider of dental clear aligners in Asia Pacific (APAC), has announced the successful completion of its Series A funding round, securing $8 million from Insignia Ventures Partners.

T-Hub partners Suzuki’s Next Bharat Ventures to drive rural innovation

T-Hub, an India-based innovation ecosystem, has announced a strategic partnership with Next Bharat Ventures, a Suzuki initiative, to drive rural innovation.

KPMG : Asia-Pacific region records the slowest pace of AI adoption in financial reporting

Asia-Pacific region has recorded the slowest pace of artificial intelligence (AI) adoption in financial reporting, KPMG said in a global survey Wednesday.