SEA

Malaysia’s Carsome records EBITDA of $4.3M in the first quarter

Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform starts 2025 strong, posting earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4.3 million in the first quarter, and continuing the positive momentum from its profitable close to FY2024.

Grab prices upsized $1.5B convertible notes offering

Grab Holdings Limited announced Wednesday the pricing of an upsized offering of $1.5 billion aggregate principal amount of zero coupon convertible senior notes due 2030.

NASDAQ-listed Grab denies reports of talks with Indonesia’s GoTo for a potential deal

Grab has held on-and-off talks with GoTo for years, according to earlier media reports. But a merger never materialized, partially due to antitrust concerns likely to arise from combining Southeast Asia’s two dominant ride-hailing and food-delivery groups.

Atome secures $75M asset-backed facility from Lending Ark to expand financial access in the Philippines

Atome, Singapore-based buy now pay later (BNPL) provider and part of Advance Intelligence Group, announced Monday that it has secured a $75 million asset-backed financing facility from Lending Ark, to accelerate financial inclusion in the Philippines.

BEYOND Expo GBA Innovation Tour 2025 concludes: empowering participants with deep China tech insights

The BEYOND Expo Greater Bay Area 2025 Innovation Tour provided an insightful experience into the technological advancements and innovative spirit thriving within the Greater Bay Area.

Indonesia’s wealth fund Danantara weighs role in $7B Grab-GoTo deal – report

Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to people familiar with the matter, the report said.

TNGlobal Tracker: startup funding snapshot for April 2025

Southeast Asia’s startup funding landscape saw a remarkable rebound in April 2025. The region recorded $439 million across 9 funding rounds, marking a 334.7 percent surge from March 2025’s $101 million and a 218.1 percent increase from $138 million in April 2024.

[BEYOND Expo 2025] Alibaba’s Joe Tsai emphasizes “trust” as 5th BEYOND Expo concludes

This year’s BEYOND Expo attracted more than 800 companies, 800 investors and 25,000 visitors, across sectors from AI, HealthTech and Clean Energy to Robotics and SportsTech, making it the biggest BEYOND Expo yet and one of the largest annual pan-Asian technology gatherings.

TNGlobal Tracker: Startup Funding Snapshot for May 2025

The Southeast Asia (SEA) Monthly Funding Tracker for May 2025 indicates a sharp decline in funding activity. Total funding stood at $128.8 million across 16 rounds, which represents a 70.70 percent drop from April 2025 and a 26.42 percent decline from May 2024.

Alibaba, SAP team up to accelerate AI-powered digital transformation in markets including SEA

Chinese multinational technology company Alibaba Group and German multinational software firm SAP SE announced Wednesday a strategic partnership to jointly accelerate enterprise innovation and digital transformation through advanced cloud and artificial intelligence (AI) technologies.