SEA
AppWorks partners with Google Cloud to support next generation of AI & Web3 startups across Greater Southeast Asia
AppWorks has contributed to the success of the frontier startups in Taiwan and Southeast Asia such as 91APP, 17LIVE, ShopBack, Cubo.ai and Instill AI. The partnership with Google Cloud will further support early stage startups as they grow and scale.
TNGlobal Tracker: startup funding snapshot for October 2024
The early-stage sector remains the most active, suggesting continued investor interest in emerging companies across the region.
Maybank sees ASEAN internet players to lead growth ahead of global peers
Maybank Investment Bank said Thursday that it foresees ASEAN internet players such as Sea, Grab and GoTo to lead growth ahead of global peers.
Singapore’s Oneteam raises $2.6M seed round to revolutionise SME succession through employee ownership
The round was led by Wavemaker Ventures, the early-stage fund of Wavemaker Partners.
Singapore’s Atome Financial secures up to $200M syndicated facility to support financial inclusion in Southeast Asia
The new facility is anchored by HSBC through its ASEAN Growth Fund and is also supported by DBS Bank Ltd, Sumitomo Mitsui Banking Corporation (SMBC) Singapore branch and Brunei’s Baiduri Bank.
Deloitte: Southeast Asian IPO market remains tepid in 2024 with capital raised falling to the lowest in nine years
Southeast Asian initial public offering (IPO) market remains tepid in 2024, but momentum builds towards a 2025 rebound, Deloitte said in a statement on Tuesday.
New Economist Impact study finds ASEAN enterprises leading in data intelligence
ASEAN enterprises are leading in data intelligence with 74 percent training their large language models (LLMs) with enterprise data, a study showed Monday.
Moody’s Ratings upgrades Grab’s CFR to B1; outlook remains positive
Moody's Ratings has upgraded the corporate family rating (CFR) of Grab Holdings Inc to B1 from B2 and maintained the positive outlook.
US-based Hemisphere Ventures expands into Southeast Asia
Hemisphere Ventures, a United States-based venture capital, has announced the opening of a new office in Singapore, marking its first expansion into Southeast Asia.
Maybank raises Grab’s earnings forecast after solid results in third quarter
Maybank Investment Bank has raised Grab Holdings 2024-2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 23 percent to 27 percent.
