Asia

Wibmo, a subsidiary of PayU, has partnered with MobilityOne, a Malaysia-based payment firm, to support the issuance of Mastercard prepaid cards through its prepaid platform Wibmo Hexa. The duo are set to foray into the Malaysian prepaid card market and offer various prepaid programs catering to consumer, corporate, government and the health sector.

Hong Kong-based gaming firm Animoca Brands has announced a licensing partnership with ALTAVA Group, a Singapore-based luxury fashion brand that brings culture-defining brands into the metaverse, to make use of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) in Animoca Brands’ portfolio.

Actis, a United Kingdom-based global investor in sustainable infrastructure, has launched Nozomi Energy, a new $500 million Japan-focused renewables platform. Nozomi will target 1.1GW of onshore wind and solar power generation by 2027.

Foodland Ventures, the VC & Accelerator built for AgriFood Tech founders, has officially kicked off its third accelerator cohort intake.

The three-day expo will focus on showcasing and discussing technologies related to consumer technology, healthcare, and sustainability.

Hong Kong-based real asset manager powered by the new economy ESR Group Limited, together with its subsidiaries, has on Wednesday announced its expansion into Thailand, with the opening of its Thailand office. The firm is currently developing two logistics and industrial parks in Thailand, representing a capital investment of THB 8 billion ($235 million).

Japanese venture capital firm Genesia Ventures said Wednesday it has raised $110 million in final close of the third fund. Organizations including Canal Ventures, Cygames, DBJ Capital, FFG Venture Business Partners GREE Ventures, JA Mitsui Leasing, Japan Investment Corporation, Mizuho Capital, Mizuho Bank, Oriental Land Innovations, Sumitomo Mitsui Trust…

Animoca Brands, the Hong Kong-based company gaming firm, has partnered with stc play, a Saudi Arabia's gaming platform, to collaborate on publishing video games in Middle East and North Africa (MENA), through stc play platform and other distribution channels.

Japanese bank Sumitomo Mitsui Banking Corporation (SMBC) has co-founded the corporate venture capital fund “SMBC Asia Rising Fund” (CVC) with Tokyo-based venture capital firm Incubate Fund (IF) in the Singapore for the purpose of accelerating business development and partnerships through investments in high potential Asian start-ups.

City University of Hong Kong has on Monday launched the first ever HK Tech 300 Southeast Asia Start-up Competition (HK Tech 300 SEA Competition) in Kuala Lumpur, Malaysia, extending the highly anticipated innovation and entrepreneurship program to Southeast Asia to foster start-ups and innovation and technology development in the region.