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Animoca Brands Japan partners Drecom to expand Web3 gaming
Animoca Brands Japan, a strategic subsidiary of global Web3 company Animoca Brands, will be commencing full-scale efforts to support the global expansion of Japan's web3 gaming sector, starting with a partnership with gaming app Drecom Corporation.
Antler India approaches final close of maiden $75M pre-seed fund
Early stage investment platform Antler in India has closed commitments of INR 500 crores ($60 million) and is approaching the final close of its maiden INR 600 crores ($75 million) pre-seed fund. The fund is significantly oversubscribed on its base corpus target, and is now completing the exercise of the greenshoe portion to reach nearly double the initial…
China’s Ant Group expands Singapore presence and launches Ant International Foundation
Ant Group, an affiliate company of the Chinese conglomerate Alibaba Group, has on Thursday unveiled its new Singapore office as home to its various international business and technology segments, including Ant International.
Australian AI startup Neara closes $24M Series B funding from Prosus Ventures and others
Neara, an Australia-based infrastructure modeling platform, has closed $24 million Series B funding from Prosus Ventures and its existing investors, Skip Capital and Square Peg Capital.
Thailand insurance firm Roojai completes DirectAsia acquisition
Roojai, a Thailand-based online insurance company, has on Wednesday announced that it has completed the acquisition of Singapore-based insurance firm DirectAsia group. Roojai has entered into an agreement to acquire DirectAsia group from Hiscox.
Tracxn : SEA tech startups witness lowest quarterly funding in five years
Southeast Asia (SEA) funding has seen a big drop of 74 percent in quarter-on-quarter in the third quarter, making it the lowest funded quarter in the last five years, said Tracxn on Thursday. the SEA tech startup ecosystem raised a total of $835 million in the third quarter, a huge 74 percent drop from $3.2 billion raised in the second quarter of 2023 and a…
The innovative technology behind near-fireproof electric vehicle batteries
The advanced technology in #electricvehicle #batteries, particularly the advances achieved in making them fire-resistant, is a crucial aspect of this revolution. This innovation addresses one of the main issues with lithium-ion batteries, making #EVs safer as well as more environmentally beneficial.
Temasek-backed True Light raises $3.3B to invest in Greater China
Temasek-backed unit True Light Capital Pte. Ltd. (True Light) has on Thursday announced the final closing of its first flagship fund, True Light Fund I. The fund was closed at $3.3 billion, with capital commitments from global investors, including sovereign wealth funds, foundations, financial institutions, and family offices.
Indonesia bans e-commerce transactions on social media platforms such as TikTok – report
The government said the move, which takes effect immediately, is aimed at protecting offline merchants and marketplaces, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises.
AtoZero Asean 2023 to be held in KLCC, Malaysia from Oct 4-6
AtoZero, or “Accelerate To Net Zero”, is a new series of events bringing together key decision makers and changemakers to comprehensively explore pathways, policies and business opportunities that will catalyse an acceleration of net zero pathways.
