SEA

Mandala Capital, a private equity fund investing in the agriculture and food sectors across South and Southeast Asia, announced last Thursday that the Green Climate Fund (GCF) has officially approved the Mandala Capital SSEA Food Fund at its 43rd Board Meeting.

Since its founding in Malaysia, Mantayay has grown to serve global clients in gaming, FMCG, and technology across Southeast Asia. The company today manages over 4,000 TikTok creators, produces more than 1,000 short-form videos each month, and generates over 100 million monthly views across TikTok, YouTube, and Instagram.

The competition, one of the projects under the Korea - ASEAN Digital Innovation Flagship Project (KADIF), funded by the ASEAN-Korea Cooperation Fund through the Government of Korea, seeks to advance the growth of the regional AI startup ecosystem and contribute to the achievement of the United Nations Sustainable Development Goals (SDGs).

Carro, Asia Pacific’s largest online automotive platform, has posted a strong FY2025, achieving record revenues of S$1.2 billion ($920 million) and a gross profit of S$149 million ($111 million).

TikTok, the subsidiary of the China-based tech firm ByteDance, has signed a Memorandum of Understanding (MOU) with the Center of Digital Transformation under Vietnam's Ministry of Culture, Sports and Tourism to boost the country's digital ecosystem.

Kahoot! sees Southeast Asia as one of the most exciting and diverse regions for digital learning.

Global Affairs Canada is deepening its commitment to regional cybersecurity capacity-building by expanding its investment in advancing cybersecurity capacity building through the Malaysia Communications and Multimedia Commission (MCMC) and BlackBerry Cybersecurity Center of Excellence (CCoE) in Cyberjaya of Malaysia.

Minister of Digital Gobind Singh Deo said that the mission aimed to strengthen Malaysia–Singapore collaboration by fostering strategic partnerships, driving cross-border innovation with key digital players and promoting Malaysia as the gateway to ASEAN for global and regional technology companies.

May Mobility, Inc., the United States-based autonomous vehicle (AV) technology company, will expand its AV Technology into Southeast Asia with Grab Holdings investment.

The Southeast Asia region’s initial public offering (IPO) market stabilized in the third quarter of 2025, with 25 listings raising $2.5 billion in the quarter, up from 22 IPOs raising $700 million in the second quarter of 2025, EY said Wednesday.