On location
PwC Hong Kong acquires a land site in The Sandbox metaverse
The Sandbox, a subsidiary of Animoca Brands, announced Friday that PwC Hong Kong has acquired a land site in The Sandbox metaverse. PwC Hong Kong thus becomes the first member of an internationally recognised professional services network, and the first member firm of the PwC global network, to publicly enter The Sandbox.
Delivery Hero scales down its German operations, plans to divest its Japanese entity
Delivery Hero SE, the Germany-based local delivery platform, has announced plans to scale down its German operations, foodpanda Germany, to a Berlin-based hub focused on developing innovative logistics and tech solutions for the delivery industry. The company also announced a timeline for the planned divestiture of its Japanese entity which also operates…
True Global Ventures invests $25M into Web3 companies and blockchain
Singapore-based venture fund True Global Ventures 4 Plus (TGV4 Plus) Fund is investing about $25 million into the equity of five industry-redefining Web3 and blockchain. The fund focuses on three main verticals in Web3 which are infrastructure, financial services that are powered with blockchain and entertainment like play-to-earn games GameFi, metaverses,…
Singaporean fintech GEKO acquires EV bike-maker SWAG, plans pre-Series A round in early 2022
Following the acquisition, the combined SWAG and GEKO group plan to hold a pre-Series A funding round, with a combined entity value of $25 million in early 2022.
Vietnam’s e-wallet firm MoMo raises $200M, now a unicorn valued above $2B
The company will also expand and strengthen its services in tier 2 and tier 3 cities as well as rural areas.
L’Oréal Malaysia to double down on social commerce in 2022 to help 250 salons affected by the pandemic
L'Oréal will be doubling down on social commerce with an aim to roll out its social commerce initiative to 250 salons across Malaysia in 2022.
Indian B2B ecommerce marketplace Jumbotail raises $85M Series C round led by Invus
Jumbotail has raised an $85 million Series C round led by Artal Asia Pte. Ltd. Jumbotail will use the funds to triple its engineering, product, design, data science, category management, marketing, and finance teams. It will also scale its core B2B marketplace to 100 cities and towns across India, expand its network of J24 stores, invest in large scale…
Vietnam’s Society Pass announces inclusion in Russell 2000 Index
Society Pass Incorporated (SoPa), the Vietnam-based data-driven loyalty platform, announced Tuesday that the company has been added to the Russell 2000 Index, effective at the open of U.S. markets on December 20, 2021 and according to the preliminary list of initial public offering (IPO) additions to the Russell indexes.
Southeast Asia’s Top 10 tech news in 2021
It’s that time of the year again when we take a look back at what had happened during the year in the tech and startup scene.
Malaysian fintech firm CapBay secures $7.1M from Kenanga Investment Bank
CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured MYR30 million ($7.1 million) investment from Kenanga Capital Islamic Sdn Bhd (KCI), a subsidiary of Kenanga Investment Bank Berhad (KIBB). The investment is a step forward to growing CapBay’s Shariah-compliant Supply Chain Finance arm, CapBay Islamic,…
