SEA

Alibaba Cloud commits to $1 billion investment to boost ecosystem capabilities while showcasing new products and comprehensive customer support for complete services.

The company’s main objective for the next 12 to 18 months is to achieve positive cash flow as soon as possible.

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.

In the interview, Senju also shared his views on the opportunities and challenges he sees in Southeast Asia.

The listing in the US market would be attractive given the liquidity and the diverse investor reach that it can provide, Capital A previously said.

Surge in digital adoption shows no sign of slowing down as three in four expect mobile usage to increase, with Thai respondents leading this trend, a study showed Monday.

The investment firm has set up a Singapore office earlier this year. Its notable exits include include Meta, Razer, and Zoom, data platform Crunchbase showed.

An estimated 10,000 attendees, 1,500 startups, 300 speakers are expected to turnout by the end of the two-day event, which is currently underway in physical form at ICONSIAM, Bangkok for the first time in two years.

Singapore-based proptech firm PropertyGuru saw its revenue for the second quarter ended June 30 rose 43.6 percent to S$33.03 million ($23.74 million) from $23 million ($16.53 million) a year ago, underpinned by growth across all markets and business segments.

Southeast Asia’s super app Grab announced Thursday that its revenue surged 79 percent year on year to a record high of $321 million, driven by strong growth in mobility and deliveries revenue, including contributions from its recently-acquired Malaysian retail chain Jaya Grocer.