SEA
YouTube & Shopee partner in Southeast Asia e-commerce tie-up – report
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.
US-based Checkmate secures $1.6M seed funding to expand new markets including Southeast Asia
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.
Software unicorn OutSystems sees “immense potential” in SE Asia as it taps opportunities for AI-powered low-code technology [Q&A]
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.
Carsome’s 2Q revenue hits “above $310M”, announces $46.2M new financing partnerships
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.
Finture’s YUP secures $30M in Series B funding, aims for US IPO in 3-5 years
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.
Malaysia’s MYEG partners GACC-owned East Logistics to set up National Single Window Trade Platform for ASEAN countries
MYEG announced on Friday an exclusive collaboration with East Logistics Link Co., Ltd., a wholly-owned agency of the General Administration of Customs of the People’s Republic of China (GACC), to develop and operate a National Single Window (NSW) platform for ASEAN countries, including Malaysia.
Tracxn : HealthTech, EdTech, and blockchain lead the pack with 5-year funding contributions in Southeast Asia
HealthTech, EdTech, and blockchain has led the pack with 5-year funding contributions in Southeast Asia (SEA), Tracxn said Wednesday.
EY: SEA’s InsurTech deal value jumps more than four times to $2.35B in 2023
Despite macroeconomic and geopolitical uncertainty, a hawkish inflationary environment and elevated interest rates, SEA’s InsurTech sector saw a surge in deal value in 2023 – a development not seen since 2020, Ernst & Young Global (EY) said in its recent report.
S&P: tech crackdown could boost tech expenses for South and Southeast Asia banks
Technology expenses for banks in South and Southeast Asia could continue to increase at 15 percent to 20 percent a year over the next two to three years following a recent tech crackdown, S&P Global Ratings said Monday.
J&T Express achieves positive net profit in first half
J&T Global Express Limited (J&T Express), an Indonesia-based logistics service provider, said Tuesday it has turned to net profit in the first half of 2024. In the first half of 2024, all of its profit metrics swung to positive.
