Asia

Electric vehicle makers is projected to bet $20 billion on South And Southeast Asia (SSEA), S&P Global Ratings said Wednesday.

Earlier this month, the Future Investment Institute published the white paper “Hong Kong’s Dual Focus on Sustainable Investment and Green Innovation” written by HKSTP. It highlights the city's robust efforts in enhancing its green finance ecosystem.

In Asia, VC investment fell from $18.5 billion to $15.6 billion quarter-over-quarter, while in Europe it dropped from $17.9 billion to $12.5 billion.

Cyberport also celebrated the 7th anniversary of Cyberport Investors Network (CIN) established, and Cyberport start-ups' fundraising achievements.

Japan-based conglomerate Mitsubishi Corporation said Friday it will invest in Ayala Corporation joint venture with stake in Globe Fintech Innovations, Inc. (Mynt), the parent company of the Philippines-based finance super app.

ASEAN saw a total of 94 initial public offerings (IPOs) raising $2.5 billion year to date, down from 127 IPOs raising $4.9 billion a year ago, Ernst & Young Global Limited (EY) said Thursday.

Singapore's state-owned fund Temasek Holdings Limited and Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF) will maintain advantage in intrinsic credit strength among rated peers, Moody's Ratings said Thursday.

China and Southeast Asia led the growth among core regional markets for WorldFirst, which also include the UK, Europe, and Australia.

Yuno earlier this year raised a $25 million Series A round from investors including Andreessen Horowitz, Tiger Global, DST Global Partners, Kaszek Ventures, and Monashees, to fuel its ambitious expansion plans across Asia, Europe, the Middle East, and Africa.

Taiwan-based technology company MICROIP Vietnam’s Ho Chi Minh City University of Foreign Languages and Information Technology (HUFLIT) have officially signed a memorandum of understanding (MOU) to embark on extensive cooperation in the fields of integrated circuit (IC) design and artificial intelligence (AI).