China
Hong Kong’s Lalamove seeks to raise $500M fresh funds at $10B valuation – report
The company is gauging interest from potential investors, one of the people said. The startup had been weighing a $1 billion Hong Kong initial public offering after preparations for a US debut stalled.
Singapore’s Mighty Jaxx closes Series A funding with new strategic investors including iDreamSky Technology
Mighty Jaxx announced Tuesday the final, undisclosed close of its oversubscribed Series A+ funding round. The new tranche sees new strategic investors iDreamSky Technology Holdings Ltd along with another undisclosed, leading technology company with rich intellectual property (IP) resources coming onboard, fuelled by burgeoning interest in the phygital and…
China’s Greenland Financial Technology partners Singapore’s MetaVerse Green Exchange for cross-border digital carbon credits and crypto assets
Greenland Financial Technology Group (Shanghai), a core platform of Greenland Group, a global Fortune 500 company and one of Shanghai’s largest state-backed enterprises focusing on real estate, infrastructure and finance, and MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS), have…
Alibaba halts talks to raise $1B before Lazada IPO – report
It was reported that Alibaba had hoped to secure at least $1 billion but backed off after failing to secure its envisioned valuation.
Tencent Cloud partners with KinderWorld to develop smart Campus in Southeast Asia
China's Tencent Cloud announced Thursday its collaboration with KinderWorld International Group (KinderWorld) in the areas of smart campus development, innovation and digitalization, as well as training development in the education sector in Southeast Asia. The strategic cooperation agreement marks both parties’ intention to leverage the technologies…
Leveraging AI to create safer, ESG-compliant construction sites [Q&A]
viAct, an AI construction tech (contech) startup based out of Hong Kong, automates construction monitoring using a combination of computer vision, edge devices and a mobile app.
India bans 54 Chinese apps on ‘security concerns’ – report
Since June 2020, the Indian government has banned around 224 Chinese apps.
Singapore cross-border payment firm Thunes kicks off expansion into Greater China
Thunes plans to significantly accelerate the expansion of its operations in Greater China, spanning mainland China, Hong Kong, Taiwan, and Macau. This news follows the recent appointment of Daphne Huang, Senior Vice President (SVP) for Greater China, who will leverage her deep market expertise to spearhead Thunes' growth strategy.
Hong Kong intelligent logistics platform Zeek launches quick commerce solutions in Hanoi, Vietnam
Zeek is closing the year on the back of strong momentum in Southeast Asia. Following its foray into Ho Chi Minh City in the fourth quarter of 2020 and its successful partnership with Circle K Vietnam, one of Vietnam’s largest local convenience store chains, Zeek has expanded its footprint in Vietnam with its launch in Hanoi in November 2021.
Malaysia’s Country Heights partners with China’s JD.com to bring its omni-channel e-commerce platform to Malaysia
Malaysia-based property developer Country Heights Holdings Bhd has inked licensing and collaboration with Beijing Wodong Tianjun Information Technology Co. Ltd (JD.com). The collaboration will lead to the development of JD.com’s Omni channel business model using JD.com technologies and Country Heights’s resources for the Malaysian market.
