SEA

The partnership covers various areas, exploring to integrate more payment methods and providing acquiring services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and to cooperate in enhancing access to sustainable finance while transitioning to a low carbon economy for the Micro, Small & Medium…

The Southeast East Asia (SEA) tech startup ecosystem secured a total funding of $816 million in the first quarter of 2024 to date (till March 15, 2024), the lowest-funded quarter in the past five quarters in the SEA tech sector, Tracxn said Wednesday.

Global lender HSBC has on Wednesday announced the launch of a $150 million Venture Debt offering in Singapore, and a $1 billion ASEAN Growth Fund, targeting new economy businesses.

GrabAds, the advertising arm of Southeast Asian superapp Grab, has on Tuesday announced that Marketing Manager is now available on mobile to empower micro, small and medium-sized enterprises (MSMEs) in Southeast Asia.

Five ASEAN member countries, namely Singapore, Indonesia, Thailand, Malaysia and Philippines, signed a memorandum of understanding on payment integration between the countries in 2022 and began interaction in several areas.

94 percent of ASEAN+ Chief Investment Officers deem artificial intelligence (AI) critical for business in 2024, but only 11 percent invest in generative AI (GenAI), Lenovo study showed Tuesday.

Carro, Southeast Asia's largest online used car platform, has on Thursday announced its acquisition of Beyond Cars, one of the leading used car platforms in Hong Kong. With Hong Kong under its belt, the firm is now present in a total of seven markets, including Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan.

UnaFinancial said Wednesday that the number of fintech companies per one million people in Southeast Asia may double by 2027, reaching 100. This is supported by the growing super-platform economy, conducive regulatory frameworks and favorable economic conditions.

Shein is said to be in the early stages of exploring the London option as the company has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the report added.

Southeast Asia superapp Grab Holdings Limited has posted a profit of $11 million in the fourth quarter ended December 31, 2023, compared to a net loss of $391 million in the prior year period. The achievement was primarily due to the improvement in group adjusted EBITDA, fair value changes in investments, and lowered share-based compensation expenses.