Asia

The report also said it is the largest fundraising by a privately-owned VC firm in China in the past year, marking the ongoing influence commanded by its founder Neil Shen, often considered the country’s most powerful tech investor.

The Hex Trust Group, a Hong Kong-based provider of digital asset solutions, has partnered Monad Labs, a global developer-forward smart contract platform, to offer custody support for the Monad Blockchain.

Australian blockchain financial company DigitalX Limited said Tuesday that it will launch spot Bitcoin exchange-traded fund on the Australian Securities Exchange (ASX).

Xero, a New Zealand-based small business platform, has announced the return of the Xero Beautiful Business Fund for 2024 — an initiative offering more than SGD 630,000 ($466,720) in funding to support small businesses and non profits with their growth plans and help drive future success.

FREENOW, an European taxi app, has integrated Alipay+ cross-border mobile payment solutions with its taxi cab services in seven European countries: Spain, Germany, Ireland, Italy, France, Greece and Austria.

The Sandbox, Minto and Copro Corporation, have been authorized with permission from Kodansha Ltd. to produce non-fungible tokens (NFTs) and create Attack on Titan LAND on "The Sandbox" in the Web3 gaming decentralized metaverse.

Singaporean telecommunications firm Singtel and South Korean telecommunications operator SK Telecom have teamed up to develop next-generation telco technology and solutions.

Suzuki Motor Corporation has launched $40 million fund in India to support social entrepreneurs.

DealCart, a Pakistan-based social e-commerce startup, has successfully raised $3 million seed in a funding round led by Shorooq Partners and Sturgeon Capital. The round also saw participation from 500 Global, Evolution VC, Rayn Capital, and Khyber Venture Partners.

Open Campus, the decentralized education protocol backed by various launch partners including Animoca Brands, announced Thuesday it has received designated grant funding from the Arbitrum Foundation to support the upcoming launch of EDU Chain, the first Layer 3 (L3) blockchain specifically designed for education.