SEA
Thai EdTech firm Globish succeeds in closing $2.36M fundraising deal & progressing to Series A+
The more than 90-million-baht ($2.36 million) investment will accelerate Globish for international markets and expansion to ASEAN following the company’s business in Vietnam. There are huge potentials for Thailand to achieve regional leadership in EdTech. In the contemporary labor market, language is a crucial skill and always the first to be upskilled and…
Singapore’s ShopBack extends oversubscribed Series F with $80M from 65 Equity Partners
Singapore-based shopping and rewards platform ShopBack announced Monday that it has entered into a subscription agreement with 65 Equity Partners for $80 million of equity capital in an extended Series F funding round.
Alpha JWC partners Google and others for SEA founders upgrading program
Indonesia borne venture capital firm Alpha JWC Ventures (Alpha JWC) has announced strategic partnerships formed with Google Asia Pacific (APAC), integrated global communications agency The Hoffman Agency and regional content house Hepmil Creators Network as knowledge partners.
Indonesia’s Traveloka gets $300M investment from BlackRock, Allianz, Orion Capital Asia and others
Indonesia Investment Authority (INA), BlackRock, Allianz Global Investors, Orion Capital Asia, and other leading global financial institutions have signed an agreement to provide a financing facility of $300 million to Traveloka, an Indonesia-based travel and lifestyle platform.
Malaysia’s Carsome announces ‘group-wide accelerated profitability plan’ including job cuts
As part of the "employee base optimization", Carsome said it will focus on improving productivity across the business, aligning resources with contributions to the bottom line, and enforcing stricter performance management. This strategy will impact a certain number of employees, who will receive their full severance package and extended health benefits…
Softbank-backed Carro sees ‘many’ opportunities in Japan market; eyeing Australia, Philippines, Vietnam
Besides Japan, Carro is also eyeing several markets including Australia, Philippines, Vietnam markets, Narushima said.
AC Ventures partners CTO-as-a-service firm 8020cto to boost Southeast Asian tech teams
8020cto, a CTO-as-a-service company, has partnered with AC Ventures by committing to provide engineering leadership solutions for the firm’s portfolio companies.
Alibaba Cloud to invest $1B as it unveils strategic roadmap for international business
Alibaba Cloud commits to $1 billion investment to boost ecosystem capabilities while showcasing new products and comprehensive customer support for complete services.
Sea Ltd’s top management to forgo salaries as firm cuts cost – report
The company’s main objective for the next 12 to 18 months is to achieve positive cash flow as soon as possible.
US’s Orbital Insight expands to Southeast Asia with Thailand as its first target
Orbital Insight, a geospatial analytics and location intelligence solutions provider based in Palo Alto, California, announced Thursday its expansion into Southeast Asia. The firm has recently announced its first partnership in the region with Thaicom, Thailand’s leading satellite operator and provider of integrated satellite communications.
