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Malaysia’s Careplus diversifies its business to electric vehicles
Malaysia-listed glove maker Careplus has diversified its existing business to include the business of electric vehicles (EV). The firm has undertaken a joint venture with Malaysia-based EV firm Go Auto to import electric vehicles under the Neta brand, by taking up a 30 percent stake in Intro Synergy Sdn Bhd (ISSB), a wholly owned subsidiary of Go Auto…
Heidi Health completes $6.3 M Series A capital raise
Heidi Health, an artificial intelligence (AI) health-tech platform, has on Thursday announced the completion of an $6.3 million Series A capital raise to power its growth and product development. The raise was led by Blackbird Ventures - with participation by Hostplus, Hesta, Wormhole Capital, Archangel Ventures, Possible Ventures and Saniel Ventures.
Singles’ Day, the evolution of e-commerce, and the trends involved
The #SinglesDay sale is the world’s biggest sales event and a global phenomenon. Set to take place again on 11 November 2023, many #ecommerce businesses are already preparing their inventories, but what may be useful is to capitalize on emerging e-commerce trends for an added boost to their revenue streams.
Singapore’s OCBC rolls out generative AI chatbot to all employees globally
Singapore-based lender OCBC announced Wednesday that it will avail a generative artificial intelligence (AI) chatbot to its 30,000 employees globally in November to assist them with writing, research and ideation. The deployment of the chatbot, a collaboration between Microsoft’s Azure OpenAI and OCBC, aims to further boost productivity and better serve…
Malaysia’s Capital A prepares to raise more than $1B in debt, equity as it prepares New York SPAC listing – report
Fernandes has agreed a deal with Aetherium Acquisition, a special purpose acquisition company trading on NASDAQ, and plans to list several businesses through it next year, the FT reported.
917Ventures creates MSME ecosystem to address digitalization woes
917Ventures, a venture builder in the Philippines, has established six startups dedicated to supporting micro, small, and medium enterprises (MSMEs) in their digital transformation efforts, from securing funding and upskilling to expanding their customer reach.
SoPa’s Thoughtful Media ventures into concert sponsoring in Indonesia
Thoughtful Media Group Inc (TMG), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (SoPa), has on Tuesday announced that it will commence sponsoring local live music events in Southeast Asia (SEA), resulting in creating unique marketing opportunities for advertisers.
Singapore’s Triple-A raises $10M Series A funding from Peak XV and Shorooq Partners
Singapore-based digital currency payment institution Triple-A has announced their $10 million Series A funding round on Wednesday. Leading the round are repeat investors Peak XV Partners (formerly known as Sequoia India & South East Asia), along with the strategic backing of Shorooq Partners, one of Middle East and North Africa (MENA)’s leading…
Malaysia’s Hextar Technologies ventures into FinTech with the launch of mobile super app
Malaysia-listed logistics, building materials and technology firm Hextar Technologies Solutions Berhad (HexTech) is venturing into fintech with the introduction of MoneyX, a one-stop fintech mobile super-app.
Singapore’s Qosmosys secures $100M seed funding to expedite strategic goals
Qosmosys, a Singapore-based space venture, has announced a seed funding round of $100 million. The injection of this seed capital allows the firm to expedite its strategic goals, fortifying its position as a premier private player in the burgeoning moon economy.
