On location
Animoca Brands Japan invests in Taiwanese firm Passion Labs
Animoca Brands Japan, a strategic subsidiary of Hong Kong-based gaming firm Animoca Brands Corporation Limited (Animoca Brands), has invested in Passion Labs, a platform providing customer experience and community engagement tools to empower users with data ownership and help brands build communities.
Singapore’s Alchemy Foodtech expands into sugar reduction solutions
Alchemy Foodtech, a Singapore-based carbohydrates and sugar reduction food technology company has announced its expansion into sugar reduction solutions, which is now used in Subway’s cookie island-wide.
Indonesia’s DishServe pivots business model, eyes for profit
DishServe, an Indonesia-based food tech startup, has announced that it is pivoting its business model and is now focusing on the automation of back of house operations for restaurants, cafes and delivery only kitchens.
Grease Monkey Games partners with Mishimoto for Torque Drift 2
Grease Monkey Games, a subsidiary of Hong Kong-based gaming firm Animoca Brands, has joined forces with Mishimoto, the leader in car cooling aftermarket parts, for the upcoming Torque Drift 2.
Vietnam’s FPT Software acquires Intertec International’s IT services division
Vietnam’s technology firm FPT Software, has on Wednesday announced its acquisition of Intertec International’s (Intertec) IT services division, to further strengthen its North American nearshore delivery capabilities.
Grab to breakeven earlier than expectation after recording narrowed losses
Singapore-based superapp Grab sees the firm to breakeven earlier than expectation after it recorded narrowed losses in 2022. Grab expects its revenue to come in between $2.20 billion and $2.30 billion in 2023. It also forecast its loss before interest, taxes, depreciation, and amortization to be at between $275 million and $325 million in 2023, smaller than…
Malaysia government in talks with Proton, Perodua to expedite production of national EVs – report
Fitch Solutions has anticipated that passenger electric vehicle (EV) sales in Malaysia will expand in 2023, albeit from a low base, as a result of the implementation of incentives to encourage adoption. The research house said in a recent report that according to its projections, sales of passenger EVs will rise by 82 percent in 2023, reaching a volume of…
Southeast Asia & South Asia see 83% drop in fintech startups; investors opt for risk-averse strategies
The countries of South and Southeast Asia saw a year on year decline of 83 percent in new fintechs in 2022, with only 349 startups emerging in the region, says Robocash Group.
Two members of VinFuture Prize Council and Pre-screening Committee elected to the US National Academy of Engineering
Professor Thuc-Quyen Nguyen, co-chair of the VinFuture Prize Pre-screening Committee, and Dr. Xuedong Huang, a member of the VinFuture Prize Council, have recently been elected to the United States National Academy of Engineering (NAE), which is considered one of the highest honors within the engineering field.
100 Soonicorns selects 24 Founders for its first 2 cohort
ScaleUp Accelerator Sdn Bhd (ScaleUp Malaysia) and Proficeo Consultants Sdn Bhd (Proficeo) in partnership with Penjana Kapital Sdn Bhd (Penjana Kapital) and Malaysia Digital Economy Corporation (MDEC), have announced the selection of the first 2 cohorts of 24 Founders for the 100Soonicorns program designed to groom the next unicorns of Malaysia.
