On location

RushOwl, a Singapore-based ride-sharing platform that reduces carbon emissions with its proprietary artificial intelligence (AI)-based technology, has raised $10 million in Series A funding led by Gobi Partners, a pan-Asian venture capital firm.

Headquartered in San Francisco and Dublin, Stripe processes over $1.4 trillion of payments annually, equivalent to 1.3 percent of global GDP. Stripe users include half of the Fortune 100, 80 percent of the Forbes Cloud 100 and 78 percent of the Forbes AI 50.

StraitsX, a licensed Major Payment Institution (MPI) based out of Singapore and issuer of the XSGD and XUSD stablecoins, has announced a strategic memorandum of understanding (MOU) with TBCASoft, the U.S.-based on-chain finance innovator and the creator of the HIVEX® Network.

With more than 130 participants, the roadshow underscored Johor’s growing role as a southern innovation hub. Through panels, fireside chats and masterclasses, startups gained a platform to share insights, explore collaborations and tap into both national and regional opportunities.

Thunes, the Singapore-based payment firm, and Ripple, the US digital asset infrastructure for financial institutions, have announced an expanded partnership to boost cross-border payments globally.

Amazon announced Monday the launch of the AWS Asia Pacific (New Zealand) region with potential investment of NZ$7.5 billion ($4.4 billion).

Insider threats, supercharged by artificial intelligence (AI), set for explosive growth in the Asia Pacific and Japan (APJ), Exabeam research showed recently.

Anwar said JD.com also intends to buy more Malaysian products to market in China. Earlier, the prime minister, who is on a four-day working visit to China, held a business meeting with the company's top management led by JD Logistics CEO and executive strategy member Hu Wei.

Venturi Partners, a Singapore-based consumer growth fund, has announced the first close of its second fund at $150 million.

Animoca Brands, the Hong Kong-based Web3 and digital property rights firm, Fosun Wealth Holdings, a digital global wealth management platform, and FinChain, an innovator in blockchain finance, have announced a strategic partnership to advance the development of Asia’s real-world asset (RWA) ecosystem.