Asia
Temasek backs $304M first close of Australian deep tech Main Sequence’s third fund
Main Sequence, the Australian deep tech investment fund founded by Australia’s national science agency CSIRO, has on Wednesday announced the first close of its third fund, raising AUD 450 million ($304.46 million) from investors including Singapore state-owned fund Temasek.
Alibaba Cloud sees increase in demand from various industries in Malaysia market, says VP [Q&A]
In the interview, Alibaba Cloud Vice President and General Manager of Enterprise Service Cloud William Xiong also shared about how digitization can help carbon neutralisation, insights on the latest development and technology for carbon management, Alibaba’s own approach to carbon reduction, among others.
Blockdaemon, OneDegree team up for digital asset insurance
OneDegree, a Hong Kong-based insurance provider for digital assets, has teamed up with Blockdaemon, a United States-based blockchain infrastructure platform that connects institutions to prominent networks, to offer digital asset insurance.
Hong Kong online wholesale marketplace Peeba officially launches in Southeast Asia
Hong Kong online wholesale marketplace Peeba is marking the first step in its Southeast Asia expansion by announcing that it is setting up an office in Indonesia. By empowering small retailers, both online (including TikTok and Instagram shops) and offline, to compete on the same footing as larger retailers, Peeba is set to disrupt the traditional retail…
SoftBank partners Symbotic to establish new warehouse-as-a-service joint venture
Japanese multinational investment holding firm SoftBank Group Corp. and American robotics warehouse automation company Symbotic Inc., have on Monday announced the establishment of GreenBox Systems LLC (GreenBox), a new joint venture to address the more than $500 billion annual warehouse-as-a-service market opportunity.
Tesla to discuss factory plan for new $24,000 car with India commerce minister – report
The meeting with the commerce minister would be the highest level discussions between Tesla and the India government since June when Tesla founder Elon Musk met India's Prime Minister Narendra Modi and said he intended to make a significant investment in the country, according to Reuters.
India’s Swiggy initiates second tranche of committed ESOP liquidity program totalling $50M
Swiggy, India’s on-demand convenience platform, has on Monday announced the second milestone in its committed two-year employee stock ownership plan (ESOP) liquidity program. As part of this planned two-year ESOP liquidity program, Swiggy employees will have the option to receive liquidity totalling up to $50 million against their ESOPs.
Japan’s JERA to invest $300M in greentech-focused startups
Japanese energy firm JERA Co., Inc. (JERA) has initiated corporate venture capital activities with the aim of accelerating innovation in the energy domain and generating new business opportunities. The firm will make strategic investments totaling $300 million in start-up companies that have leading-edge technologies or business concepts and in venture…
India’s o9 Solutions raises $116M investment at $3.7B valuation
o9 Solutions, an India-based enterprise artificial intelligence (AI) software platform provider has on Wednesday announced that its existing investors, led by General Atlantic’s BeyondNetZero, have invested an additional $116 million in the company.
Shinhan Bank, SCB TechX, other financial institutions complete stablecoin remittances pilot on Hedera
South Korean bank Shinhan Bank, Siam Commercial Bank's technology innovation business unit SCB TechX, and the largest financial institution in Taiwan have on Tuesday announced the successful completion of a stablecoin remittance proof-of-concept (PoC) pilot.
