Asia

Vingroup has announced the signing of a memorandum of understanding (MoU) with the government of Telangana for a proposed investment of $3 billion, to be implemented in a phased manner for developing a multi-sector ecosystem in the state.

Vietnam-based information technology (IT) corporation FPT is acquiring up to a 10 percent stake in Blueward, formerly ISTN and South Korea’s independent SAP consulting and IT services firm, to reinforce SAP enterprise resource planning (ERP) capabilities and accelerate digital transformation in the region.

Audax Financial Technology, a Singapore-based digital banking technology solutions provider supported by Standard Chartered, has partnered with 10x Banking, the cloud-native core banking platform, to to accelerate digital banking modernization across Asia Pacific (APAC), Europe, and the Middle East.

Malaysia-based private equity firm Creador announced Monday its investment into La Renon Healthcare by acquiring a 7 percent stake from the promoter and existing investor Peak XV Partners (formerly Sequoia India).

South Korea’s digital life insurer Kyobo Lifeplanet Life Insurance and Singapore's insurtech bolttech have signed a strategic agreement to collaborate on building innovative digital insurance distribution solutions for Korea and beyond.

Airwallex, the Australian-founded financial platform, has raised $330 million in a Series G funding round, led by Addition and with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures and TIAA Ventures.

Artificial intelligence (AI)-assisted software development will drive workforce recalibration in Asia Pacific and Japan (APJ) region, while markets that encourage responsible AI will drive APJ’s next wave of innovation, said Marcus Low, Vice President and Managing Director, APJ, Sonar.

SC Capital Partners Group (SCCP), a Singapore-based institutional real estate investment management firm, has commenced construction of a new data center in Osaka with 100MW of allocated power.

The Radical Fund, Southeast Asia’s climate-focused venture capital firm, has announced the launch of The Studio, UTOPIA’s artificial intelligence (AI)-native venture builder supporting high-potential founders and technical experts across the Global South.

Binance, the global blockchain ecosystem behind the world's largest digital asset exchange by trading volume and users, announced Wednesday that its Co-founder Yi He, has been appointed as Co-Chief Executive Officer (Co-CEO).