SEA
Southest Asia internet economy is expected to reach $1T GMV by 2030 – report
Continued shifts in consumer and merchant behaviour, matched with strong investor confidence, have ushered Southeast Asia (SEA) into its “Digital Decade” - and the region is on its way towards $1 trillion gross merchandise value (GMV) by 2030.
Malaysia launches new technology commercialization agency MRANTI, merging tech-focused agencies TPM & MaGIC
The announcement also comes as Malaysia aims to create more tech startups, unicorns and accelerate M towards becoming an innovation-driven economy.
JD.com-backed Tiki raises $258M in Series E funding round led by insurer AIA
The new funding brings the company’s valuation to close to $1 billion.
Indonesia’s Alpha JWC Ventures closes $433M Fund III, the largest early-stage fund in Southeast Asia
Alpha JWC Ventures has closed an oversubscribed third fund, at $433 million, securing its place as Southeast Asia’s largest VC fund targeting early-stage companies. The fund saw strategic investment from global and regional Limited Partners and investors, including World Bank’s International Finance Corporation and Morgan Stanley Alternative Investment…
Vietnam’s Loship eyes opportunities in ‘quick commerce’ as it strives for NYSE listing by 2024
In the interview, Nguyen also shared his views on competition, Loship’s competitive advantages, the firm's planned timeline to profitability, and the latest progress of its US listing plan.
Malaysia unicorn Carsome seeks $200M in pre-IPO funding round – report
The Malaysia’s first tech unicorn is working with an adviser for the planned fundraising and aims to complete it as soon as in the coming weeks, Bloomberg reported.
AirAsia’s Teleport to raise $50M to $100M in Series A funding – report
Teleport is valued at $300 million in a deal announced in August where the firm acquired Malaysia food delivery platform Delivereat at $9.8 million.
Singapore-based Accelerating Asia announces fifth cohort with nine startups
The startups cover eight verticals: fashion e-commerce, agritech, FinTech, e-commerce, HealthTech, InsurTech, and EdTech, industries that are poised to grow significantly and capitalize on digitization trends across Southeast and South Asia.
Foodpanda Malaysia apologizes, updates its Wastage Policy amid several vendors’ protests & complaints
Foodpanda Malaysia’s statement came after local media reported that several vendors on the platform have called for protests against ‘hidden’ or promotion charges which caused them to incur losses.
AirAsia partners more airlines to sell competitors’ flights on super app
AirAsia's move to partner with more airlines and sell more flights on its super app comes as Malaysia and other countries in Southeast Asia are beginning to reopen their economies and tourism sector to welcome back tourists.
