On location
China’s Meituan explores deal for Delivery Hero’s Southeast Asia arm Foodpanda – report
Meituan has held talks with Delivery Hero about buying Southeast Asian operations that run under the Foodpanda brand, the people said.
Malaysia’s unicorn Carsome cutting “hundreds of jobs” to reach profit – report
Carsome “makes adjustments to its workforce where necessary,” the company said in an emailed response to Bloomberg's questions, declining to comment on specific numbers. “We remain committed to investing in all of our current markets and plan to accelerate profitable growth in 2024.”
Innovating for FinTech inclusion: Ant International’s plans for the next billion users
At the #SingaporeFinTechFestival 2023, we learn how innovations are rewriting the narrative of financial empowerment, enabling a future where everyone, regardless of their geographical or socio-economic background, will have access to essential financial tools and services.
MAS launches digital platform for seamless ESG data collection and access
The Monetary Authority of Singapore (MAS) has on Thursday launched Gprnt (Greenprint), an integrated digital platform that harnesses technology to simplify how the financial sector and real economy collect, access and act upon environmental, social and governance (ESG) data to support their sustainability initiatives.
Animoca Brands, Amazon Web Services, Polygon Labs team up to accelerate Web3 startup development through Mocaverse
Hong Kong-based game software firm Animoca Brands, Amazon cloud computing platform Amazon Web Services (AWS), and United States-based software solutions provider Polygon Labs have on Thursday announced MoonRealm Express Accelerator, a strategic collaboration to support Web3 builders around the world and accelerate the development of Web3 products and…
MAS lays foundation for safe and innovative use of digital money in Singapore
The Monetary Authority of Singapore (MAS) on Thursday unveiled three initiatives to ensure the safe and innovative use of digital money in Singapore, namely a blueprint outlining the infrastructure required for a digital Singapore dollar; expanding digital money trials; and a plan to issue a “live” central bank digital currency (CBDC) for wholesale…
Deloitte: Southeast Asia raises about $5.5 billion year to date, the lowest in eight years
Southeast Asia has raised approximately $5.5 billion via initial public offering (IPO) in the first 10.5 months of 2023, the lowest in eight years, Deloitte said Thursday. The total IPO raised down from $7.6 billion in 2022. Meanwhile, the IPO amount for the first 10.5 months of 2023 stands at 153, also down from 163 in the full year of 2022.
HashKey Exchange insured by OneInfinity by OneDegree for digital wallet coverage
HashKey Exchange, Hong Kong’s licensed virtual asset exchange, has officially closed the deal with OneInfinity by OneDegree, a licensed insurer for digital assets in Asia. OneInfinity by OneDegree will provide insurance cover for digital assets stored in both hot wallet and cold wallet for HashKey Exchange, providing comprehensive coverage for investors.
HSBC-backed Bizbaz announces strategic partnership with RCBC Bank
Singapore-based credit scoring and risk models assessment solution Bizbaz has announced a strategic partnership with Philippine retail bank Rizal Commercial Banking Corporation (RCBC Bank) to integrate AI-driven credit scoring to expand lending and increase financial inclusion.
UAE mobility and logistics startup Wize raises $16 million in pre-Seed round
Wize, a Dubai-based startup providing sustainable solutions for last-mile delivery, has raised $16 million in a pre-Seed funding round co-led by Mena-focused angel investors. The funds will be spent to enhance the company's presence in the United Arab Emirates (UAE) market, further product development and explore new partnership opportunities in the Middle…
