Singapore

Linnovate Partners raises $40M in funding led by SeaTown

Linnovate Partners, a Singaporean firm involved in asset servicing and fintech for the alternative investment industry, has announced the successful closure of $40 million funding commitment by SeaTown Private Capital Master Fund.

Singapore’s NSG BioLabs raises $14.5M in financing round led by Celadon Partners

NSG BioLabs, Singapore's largest provider of biotech co-working laboratory and office space, has successfully concluded a $14.5 million financing round. The round was led by Celadon Partners, an Asian private equity firm.

Alipay+ partners Nepal Clearing House Ltd to enable merchants in Nepal to accept cross-border mobile payments from travellers

In the coming months, users of more than 10 mobile wallets and banking apps, which are payment partners of Alipay+ will be able to use cashless payments when they travel to Nepal.

Princeton Digital Group secures $280M green loan for AI-ready data center campus in Malaysia

Princeton Digital Group (PDG), Asia’s leading data center provider, has secured its first MYR 1.27 billion ($280 million) green loan for its 150MW artificial intelligence (AI)-ready JH1 campus in Sedenak Tech Park (STeP) in Johor, Malaysia.

The Radical Fund collaborates with Keppel on sourcing for climate solutions to decarbonize the built environment

The Radical Fund has signed a non-binding Memorandum of Understanding (MOU) with Keppel’s Real Estate Division to signify a strategic partnership with the shared goal of driving innovation in sectors such as the built environment, renewable energy, decarbonization, and infrastructure technology.

Ant International to expand business in Saudi Arabia

Ant International has inked a Memorandum of Understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA) to expand its business into the Kingdom.

AWS to invest additional $9B in Singapore cloud infrastructure by 2028

Amazon Web Services (AWS) has announced plans to invest an additional SGD 12 billion ($8.87 billion) into its existing cloud infrastructure in Singapore from 2024 to 2028 to meet growing customer demand for cloud technology and services in the country.

Japan’s EMURGO partners liquidity provider GSR to strengthen Cardano ecosystem

EMURGO, a Japan-based blockchain technology company that facilitates commercial adoption of the Cardano blockchain, has on Tuesday announced a strategic relationship with GSR, the global cryptocurrency trading firm and liquidity provider.

Temasek-backed AI firm Blaize secures $106M funding

Blaize, a global artificial intelligence (AI) computing firm, has on Monday announced it has raised $106 million from investors including Singapore state investment firm Temasek.

Singapore’s Beam sees revenue grow 36 percent on year in 2023

Fueled by surging demand and strong expansion, Singapore-based micromobility company Beam saw a 36 percent increase in gross revenue from 2022, to a record $53 million in 2023.