Vertical

Riiid Inc., a Softbank Vision Fund-backed artificial intelligence (AI) education technology company, announced Thursday the acquisition of Qualson Co Ltd., a leading English language learning and content provider based in South Korea.

Japan-based investment firm Mercuria Holdings Co., Ltd. has partnered Singapore financial services group Overseas-Chinese Banking Corporation Limited (OCBC) to launch a fund to finance sustainability projects in ASEAN.

The four EV producers have also expressed their readiness to follow the regulations in Indonesia, including complying with the 40 percent domestic component level rule.

Tencent Cloud, the cloud business of Chinese tech company Tencent, has unveiled its latest artificial intelligence (AI) and media solutions to local partners at Inaugural Tencent Cloud Day in Malaysia. The move solidifies the company’s commitment to driving innovation in the industry.

Keppel Infrastructure Fund Management Pte. Ltd. (KIFM), as Trustee-Manager of Keppel Infrastructure Trust (KIT) is committing up to €109m ($119.81 million) to acquire a 45 percent effective stake in German renewable energy (RE) firm Enpal B.V. (Enpal)’s solar portfolio (AssetCos) through a special purpose vehicle (SPV).

While 2023 has been a down year for startup investment in most industries, cleantech and sustainability-focused categories have held up comparatively well, Crunchbase said Tuesday. Per Crunchbase data, global investors have poured approximately $13.9 billion this year into companies working on everything from battery recycling to water-conserving crops.…

Tikehau Capital, a global alternative asset management group, and Nikko Asset Management, one of Asia’s largest asset managers, have entered into advanced discussion to form a business and capital alliance. The contemplated strategic partnership would involve Tikehau Capital and Nikko Asset Management entering into distribution agreements in Japan and…

“We’re advising some clients to issue tokens for fundraising,” Kasikornbank’s co-president Pipit Aneaknithi said in an interview with Bloomberg on Monday.

The #Web3 industry should prioritize creating high-quality products and services with real utility for users. There is no other path forward now. Especially as traditional finance is now lending its weight to an increasing array of #crypto #finance products, which are widening trading accessibility for individuals and institutions.

Bayanat AI PLC (Bayanat), a Abu-Dhabi-based artificial intelligence (AI)-powered geospatial solutions provider, and Al Yah Satellite Communications Company P.J.S.C. (Yahsat), a leading global satellite operator, have agreed a potential AED 15 billion (over $4 billion) merger.