SEA

In the interview, Mehta also shared about Igloo's plans and strategy after the fundraise last year. He also shared his views about the insurance industry in Southeast Asia, the challenges Igloo faces expanding in the region and the company plans to address these challenges, among others.

The Southeast Asia (SEA) region experienced a year on year rise in initial public offering (IPO) volume of 26 percent and value of 31 percent in the first half amid slowing global market, EY said in a statement on Tuesday.

Hong Kong and Malaysia also signed 11 MoUs, including the one involving MTR Corporation.

Gobi Partners, a pan-Asian venture capital firm, and The Hongkong and Shanghai Banking Corporation (HSBC) have on Friday signed a Memorandum of Understanding (MOU) to deepen their partnership to support the innovation economy in Hong Kong and ASEAN.

Haymarket HQ, an Australia-based go-to-market accelerator, has on Thursday announced the launch of the Southeast Asia Tech Immersion Mission, which is funded by Investment NSW, to support tech companies and investors from Sydney’s Tech Central interested in exploring and connecting with the region’s ecosystem.

Singapore tops the digitalization ranking in Southeast Asia (SEA) with 1588 points, said Robocash on Wednesday. The second place is taken by Malaysia (1495 points), and the third by Indonesia (1419 points). Vietnam had the lowest points of 1258.

In the interview, Alibaba Cloud Vice President and General Manager of Enterprise Service Cloud William Xiong also shared about how digitization can help carbon neutralisation, insights on the latest development and technology for carbon management, Alibaba’s own approach to carbon reduction, among others.

China-based global travel platform Trip.com Group has partnered with Singapore-based dining platform Chope to provide instant restaurant reservations to Southeast Asian-bound travellers.

“Layoff exercise in June leads us to believe Grab can achieve adjusted EBITDA breakeven in 3Q23F (forecast), one quarter ahead of guidance,” CGS-CIMB analysts Ong Khang Chuen and Kenneth Tan wrote in a research note on Thursday.

Founded in 2012, Lazada Group is one of the leading eCommerce platforms in Southeast Asia. It is available in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.