SEA

Maybank Investment Bank said Tuesday that it expects data center demand in ASEAN to increase at 20 percent compound annual growth rate (CAGR) and a potential data center total addressable market (TAM) of $11 billion per year till 2028.

Mox Capital, venture capital firm based in the United States, has announced its strategic support for a vast array and variety of regional high-potential startups across Vietnam and Southeast Asia.

To meet growing demand and peak season volumes, J&T Express said it has continued to ramp up its local investments and network enhancements across Southeast Asia.

Under this linkage, consumers and merchants in both countries will be able to make and receive instant cross-border QR payments.

Both MYEG and FMFF agreed to work together on several initiatives related to the positioning of ZTrade as the NSW for domestic trade as well as cross-border trade to and from Malaysia.

With YouTube Shopping, Alphabet Inc and Shopee will be competing against TikTok, the Bytedance-owned video app, which has increased its ambitions for the region after taking control of Indonesia's biggest e-commerce platform Tokopedia.

Checkmate, a provider of comprehensive pre-employment screening solutions that based in the United States, has secured $1.6 million of seed funding to expand new markets including Southeast Asia.

OutSystems was last publicly valued at $9.5 billion after raising a $150 million Series E in February 2021, but Forbes reported that the valuation halved to $4.3 billion after its last fundraising round in October 2022.

In the second quarter of 2024 (2Q2024), Carsome said it maintained its leadership position with about 35,000 vehicles traded and grew revenue by 9 percent quarter-on-quarter (q-o-q) to above $310 million.

YUP aims to serve 50 million users over the next 8 to 10 years, positioning itself as Southeast Asia's leading digital banking service platform with plans for a US IPO in the next 3 to 5 years.