Vertical

United States-based accelerator firm Plug and Play has partnered with Singaporean government agency Enterprise Singapore (EnterpriseSG) to launch of the Global Innovation Alliance (GIA) San Francisco Acceleration Program, providing an opportunity for Singapore startups to explore and expand their products in the dynamic tech hub of San Francisco and the…

United States-based logistics firm Lineage Logistics has on Friday announced it has partially closed a joint venture arrangement with Vietnam-based cold-storage warehouse operator SK Logistics. While financial terms of the transaction were not disclosed, Lineage Logistics said the joint venture allowed the firm to expand its network in Southeast Asia.

AHG Lab, the independent venture builder in the Philippines, has secured a total of $4 million in Pre-Series A funding aimed at fueling the growth of the venture builder, its portfolio of ventures and programs, and the wider startup ecosystem. The investors of this round includes a United States family office and two Filipino family offices: the Rufino…

Taiwanese battery-swapping refueling platform Gogoro saw its net loss for the second quarter of 2023 fall to $5.6 million from $121.1 million a year ago. The group registered a revenue of $87.2 million in the second quarter, down 3.8 percent year-over-year but up 0.2 percent year-over-year on a constant currency basis.

Singapore-based digital finance platform Funding Societies said Thursday the firm is streamlining business operations in Indonesia amid global challenges. This exercise has impacted 38 out of 214 people in Indonesia.

ZujuGP, helmed by Singaporean businessman Kiat Lim and fronted by the Portuguese professional footballer Cristiano Ronaldo, has launched Kickoff by Zuju – a real-time, second-screen fan experience that enables fans to play along during a live football match.

Digital trade is reshaping opportunities for Singaporean businesses in the global economy, said Stripe Friday. Its report found that consumers and businesses are optimistic about the globalized economy, with businesses looking to expand into new international markets, and consumers increasingly willing to purchase cross-border goods and services online.

Malaysian clean energy firm Solarvest Holdings Berhad has on Friday established a new wholly-owned subsidiary, Solarvest (Taiwan) Corp Ltd (STCL) in Taipei, Taiwan, with the strategic intent to strengthen its market presence and explore clean energy project opportunities in the country.

Indonesian e-commerce platform Uway has on Thursday announced a new round of financing of $500 million. The firm will utilize this new round of financing to enhance its supply chain technology.

Vietnamese automaker VinFast Auto Ltd. (VinFast) and Black Spade Acquisition Co (Black Spade) have on Thursday announced that their previously announced business combination was approved at an extraordinary general meeting (EGM) of Black Spade’s shareholders. The business combination is expected to close on August 14, 2023.