SEA
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.
Igloo partners TrueMoney to provide critical health insurance products to Thai users
Singapore-based regional insurtech Igloo has on Tuesday announced its partnership with TrueMoney, a Thailand-based e-payment and financial service provider, to provide critical health insurance products to Thai users.
Conservation International Ventures gets $1.5M grant from Coca-Cola Foundation to launch new climate resilience project
The Coca-Cola Foundation (TCCF), the global philanthropic arm of The Coca-Cola Company (TCCC), and Conservation International Ventures (CI Ventures), have on Tuesday announced the launch of a new, innovative climate resilience project in Southeast Asia to protect and restore mangrove areas - which play a critical role in guarding against the impact of…
EQT Private Capital Asia acquires PropertyGuru for $1.1B
Hong Kong-based Asian investment firm EQT Private Capital Asia will acquire Southeast Asia leading proptech company PropertyGuru for $1.1 billion.
Singtel teams up with Bridge Alliance to offer GPU-as-a-Service in Southeast Asia
Singtel, a Singapore-based communications technology group in Asia, and Bridge Alliance, a mobile alliance of 35 member operators worldwide, have on Monday announced a strategic partnership that will bring Singtel’s GPU-as-a-Service (GPUaaS) offerings to enterprises across the region.
Grab’s revenue grows 17 percent year-on-year in second quarter
Singapore-based superapp Grab announced Thursday that its revenue grew 17 percent year-over-year to $664 million in the second quarter of 2024, driven by revenue growth across all segments.
HKSTP brings 14 companies to Techsauce Global Summit 2024
The Hong Kong Pavilion features market-ready innovations in Artificial Intelligence, Advanced Electronics, Digital Transformation, and Sustainable Technology.
