Asia

India’s Sugar.fit secures additional $5M in Series A funding led by B Capital

Sugar.fit, an India-based health-tech startup, has secured an extra $5 million in Series A funding, bringing its total Series A funding to $16 million. B Capital led the recent funding, with previous participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.Fit.

Singapore AI digital behavior aggregator SQREEM Technologies acquires Australian programmatic business Trade Indy

Singapore headquartered digital behavior aggregator SQREEM Technologies has acquired Melbourne-founded programmatic business Trade Indy, as part of their ongoing global expansion plans.

Lenovo Study: 94 percent of ASEAN+ CIOs deem AI critical for business in 2024; only 11 percent invest in GenAI

94 percent of ASEAN+ Chief Investment Officers deem artificial intelligence (AI) critical for business in 2024, but only 11 percent invest in generative AI (GenAI), Lenovo study showed Tuesday.

Animoca Brands partners KACST to launch Web3 hub in Saudi Arabia

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has on Monday announced that it has entered into a Memorandum of Understanding (MOU) with King Abdulaziz City for Science and Technology (KACST) to collaborate to advance the Web3 and gaming ecosystem in the Kingdom of Saudi Arabia (KSA).

Softbank-backed Carro expands into Hong Kong with Beyond Cars acquisition

Carro, Southeast Asia's largest online used car platform, has on Thursday announced its acquisition of Beyond Cars, one of the leading used car platforms in Hong Kong. With Hong Kong under its belt, the firm is now present in a total of seven markets, including Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan.

Telkomsel Ventures, AppWorks launch accelerator program to develop innovative solutions for Indonesian startups

Telkomsel, a digital ecosystem enabler through Telkomsel Ventures, has on Thursday announced a partnership to launch startup accelerator program TINC Batch #9 in collaboration with AppWorks, a Taiwan-based startup community. The program aims to develop innovative startups to provide digital solutions across various sectors in Indonesia.

Australia’s UniSuper, ISPT acquire Sydney airport site to build $2.5B logistics hub

Australian pension fund UniSuper and property fund manager ISPT have on Wednesday announced they have acquired a Sydney airport site to build AUD 3.9 billion ($2.5 billion) logistics hub.

Netherland’s TerraPay partners Qatar’s Alfardan Exchange for advanced digital cross-border remittance solutions

TerraPay, a Netherland-based cross-border payments network, has announced a strategic partnership with Qatar-based fintech firm Alfardan Exchange, to advance digital cross-border remittance solutions.

US’s Vantage Data Centers secures $64M loan from top Taiwanese banks

Vantage Data Centers, a global provider of hyperscale data center campuses, has on Tuesday announced that it has secured a $64 million loan from CTBC Bank and Cathay United Bank to fund the development of the company's first data center in Taipei, Taiwan (TPE11).

Animoca Brands Japan partners KDD to accelerate Web3 adoption through Mocaverse and αU

Animoca Brands Japan, a strategic subsidiary of Animoca Brands, and KDDI Corporation (KDDI) have signed a memorandum of understanding (MoU) to explore a strategic alliance to accelerate Web3 adoption. This includes collaboration between Mocaverse, the marquee growth network with an interoperable infrastructure layer of account, identity, reputation, and…