SEA
JIL invests $22.5M in Genesia Venture Fund IV Investment
Japan Investment Corporation (JIC) has announced its decision to make an limited partner (LP) investment of JPY3.5 billion ($22.5 million) in Genesia Venture Fund IV Investment Limited Partnership (GV-4), which is managed by Genesia Ventures, Inc. (Genesia).
Tracxn : SEA tech holds ground at $2B in 1H as investors bet big on late-stage growth
Total funding for the Southeast Asia (SEA) tech ecosystem amounted to $2 billion in the first half, a drop of 24 percent compared to the $2.6 billion raised in the second half of 2024, and an increase of 7 percent compared to the $1.8 billion raised in the first half of 2024, Tracxn said last Thursday.
Southeast Asia’s platform e-commerce GMV reaches $128.4B; top 3 platforms increase market share to 84 percent
Platform-based ecommerce in the Southeast Asia region reached $128.4 billion in gross merchandise value (GMV) in 2024, representing a 12 percent year-on-year growth, Momentum Works said Wednesday in third edition of its Ecommerce in Southeast Asia report.
Gen AI could unlock $131B annual value in Southeast Asia’s Ecommerce by 2030: Momentum Works & Lazada report
High adoption of generative artificial intelligence (AI) could unlock $131 billion annual value in Southeast Asia’s ecommerce ecosystem, according to a new report jointly released by Momentum Works and Lazada.
S&P affirms Grab Holdings ‘BB-‘ rating with stable outlook
S&P Global Ratings has affirmed Singapore-based mobility, delivery, and digital financial services provider Grab Holdings 'BB-' rating with stable outlook as it sees the firm can absorb $1.5 billion bond issuance.
Analyst sees ASEAN digital spending remains strong
ASEAN internet sector is set for sustained elevated growth amid steady digital spending, Maybank Investment Bank said last Friday.
Maybank : Grab’s convertible issuance boosts net cash position to $7.7B
With Grab’s announcement to raise $1.5 billion through a convertible note, its net cash position is expected to rise to $7.7 billion, Maybank Investment Bank said Tuesday.
Standard Chartered-backed Audax eyes opportunities in SE Asia & Gulf Nations’ Islamic digital finance ecosystem [Q&A]
In the interview, Indra also insights on Malaysia’s strategic position in revolutionising Islamic finance. With deep expertise in the evolving needs of today’s financial institutions, Indra was instrumental in forging audax’s strategic partnership with Maybank Islamic, driving innovation and expanding digital banking capabilities in the Islamic finance…
Serikandi and Solarvest secure Brunei’s largest national solar PV project
Malaysia-based clean energy infrastructure developer, Solarvest Holdings Berhad, through its wholly-owned subsidiary, Atlantic Blue Sdn Bhd, has secured Brunei’s largest national solar project via a joint venture company, Seri Suria Power (B) Sdn Bhd, in partnership with Serikandi Oilfield Services Sdn Bhd and Khazanah Satu Sdn Bhd.
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.
