Digital Transformation

Malaysia's AirAsia Group Berhad has announced a name change for the group holding company to become Capital A Berhad, to reflect the group’s new core business strategy as an investment holding company with a portfolio of synergistic travel and lifestyle businesses, which have rapidly transformed the AirAsia brand into much more than just an airline.. By…

Etaily, a fast-growing Philippines-based e-commerce-enabler led by former Zalora executives, announced today that it has wrapped up a $4.3 million seed extension round, on top of its initial $1.6 million funding round announced in August 2021.

AirAsia triggered the financial distress criteria, known as PN17 back in July 2020. This came after its external auditor flagged significant uncertainties that cast doubt on its ability to continue as a going concern.

Restaurant Brands International Inc. (RBI) has announced a regional partnership to leverage Ant Group’s digital solutions to accelerate digital transformation of its restaurant operations across Asia Pacific. This deal further complements RBI’s continuous efforts to support local franchisee operations and expansion in the Asia Pacific market.

Qashier announced Thursday a $4.7 million fundraise from Exor Seeds, the technology-focused venture arm of Exor. The company will be expanding its presence in Malaysia following the fundraise, as entering other parts of the Southeast Asian market is next in line as part of the company’s growth plan.

Continued shifts in consumer and merchant behaviour, matched with strong investor confidence, have ushered Southeast Asia (SEA) into its “Digital Decade” - and the region is on its way towards $1 trillion gross merchandise value (GMV) by 2030.

The announcement also comes as Malaysia aims to create more tech startups, unicorns and accelerate M towards becoming an innovation-driven economy.

To support the development of the local EV industry, the government proposes to provide import duty, excise duty and sales tax exemptions on EVs.

The firm is also expected to rake in revenue of more than $6 million this year as demand for its astrology, tarot card reading services gained popularity.

The digital ID will use the latest biometric technology such as fingerprints, facial or iris recognition.