On location
EV maker Lotus Technology secures $870M private investment
Lotus Technology, a global luxury electric vehicle maker of British sports car firm Lotus Group, which is owned jointly by Chinese automaker Geely and Malaysia's Etika Automotive, has secured additional financing ahead of the completion of its planned business combination with L Catterton Asia Acquisition Corp (LCAA). The firm has signed agreements for a…
Fast-fashion giant Shein applies to go public in US – report
Shein's confidential US IPO filing was first reported by China's Shanghai Securities Journal last week. The Wall Street Journal earlier on Monday confirmed the report citing sources, the report added.
Indonesia’s JALA raises $13.1M from Intudo to scale up operations across key regions of Indonesia
JALA, an Indonesian digital enabler for the shrimp industry, has on Tuesday announced the completion of a $13.1 million Series A round of financing led by Intudo Ventures. The funding also saw participation from Sinar Mas Digital Ventures (SMDV), and existing investors Mirova and Meloy Fund (Deliberate Capital).
Singapore FinTech Festival 2023 attracts record 66,000 participants
The Festival extended its global reach this year, with participants hailing from 150 countries and regions, an increase from the 115 countries represented in 2022, and attracted a line-up of over 970 speakers.
Animoca Brands announces sold-out Season 2 of TinyTap Publisher NFTs; generates $333,907 revenue for educators
Hong Kong-based gaming firm Animoca Brands has on Monday announced that Season 2 of Publisher non-fungible tokens (NFTs) has sold out, and has generated $333,907 for 168educators. The Season 2 sale of 720 Publisher NFTs, which are created by its subsidiary TinyTap, an edtech platform for educational games, and hosted and facilitated by Open Campus, a…
Malaysian Stock Exchange, United Nations Global Compact collaborate to advance capability, capacity building on sustainability in the marketplace
Bursa Malaysia Berhad and UN Global Compact Network Malaysia & Brunei (UNGCMYB), an official local network of the United Nations Global Compact (UNGC), have announced a collaboration to jointly explore the development of sustainability-focused capability and capacity building programs that are specifically designed for the Malaysian marketplace.
Malaysia’s REDtone offers Starlink satellite broadband services to government and enterprise customers
Malaysia-based integrated telecommunications and digital infrastructure services provider REDtone Digital Berhad (REDtone) and American spacecraft manufacturer SpaceX have inked an authorized reseller agreement to offer Starlink satellite-based high speed internet services across Malaysia.
Startup Week Malaysia to be held from Dec 1 – 9
Startup Week Malaysia is a weeklong celebration dedicated to educating, inspiring, and connecting entrepreneurs across the nation. Inaugurated in 2023, the series is powered by a coalition of organizations that are at the forefront of nurturing startups and fortifying the entrepreneurial ecosystem in Malaysia.
Ant Group Digital Technologies Accelerates for Going Global
At the TrustBridge Forum held on Nov 15, Ant Group Digital Technologies, a business unit under Ant Group, has revealed its latest updates in the international market.
MAS strengthens regulatory measures for digital payment token services
The Monetary Authority of Singapore (MAS) has on Thursday published its final tranche of responses to feedback received on its proposed regulations for digital payment token (DPT) service providers in Singapore. The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm.
