Vertical
Geely-backed EV firm Polestar secures $950M external funding
Geely-backed Polestar Automotive Holding UK PLC, the Swedish electric performance car brand, has on Wednesday announced that it has secured $950 million in external funding. The financing is being provided by 12 leading international banks including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC and SPDB, in the form of a three-year loan facility.
QIA to invest $1 billion to support local and regional entrepreneurs
Qatar Investment Authority (QIA) is set to launch Qatar's first venture capital (VC) fund of funds, a strategic investment program to foster innovation in Qatar. The fund of funds program will invest more than $1 billion in international and regional venture capital funds.
KMP invests in AI computer vision and consumer engagement advertising platform SmartRetail
Kumpulan Modal Perdana (KMP), a Malaysian government-owned tech-focused venture capital, announced Tuesday their successful investment in SmartRetail, a Singapore-based computer vision artificial intelligence (AI) profiling solutions and consumer engagement advertising technologies platform.
iFLYTEK, Zense Entertainment, and Chulalongkorn University ink deal to accelerate advancement of Thai speech recognition
China-based artificial intelligence (AI) and speech technology provider IFLYTEK has announced a collaboration with Thailand entertainment technology firm Zense Entertainment and academic institution Chulalongkorn University, to accelerate advancement of Thai speech recognition.
Humane partners SoftBank to transform AI experience in Japan
Humane Inc has on Thursday revealed plans for a telco partnership with SoftBank Corp.(SoftBank) for the Humane Ai Pin, the first stand-alone Ai device and proprietary Ai-driven OS, CosmOS. This partnership, as part of a strategic investment opportunity, will see SoftBank become the exclusive telecom provider for Ai Pin in Japan, leveraging SoftBank’s…
Mocaverse strengthens Korean presence with Cube Entertainment, IPX, Daehong Communication (LOTTE Group), Nine Chronicles M, GOMBLE
Mocaverse, the marquee growth network with an interoperable infrastructure layer of account, identity, reputation, and PointFi systems seeded by Animoca Brands, announced Wednesday it entered into various partnership agreements for strategic expansion of Mocaverse Partner Network in the South Korean market to bridge, integrate, and export Korean Web3…
GoTo, TikTok compliance with Indonesia’s trade regulation nears 100%, says GoTo CEO – report
Indonesian minister for small and medium enterprises Teten Masduki said last week TikTok had yet to comply with the regulation.
Malaysia government mulling one-off subsidy to boost EV ownership – report
"This suggestion is being fine-tuned by the Finance Ministry," deputy minister said.
Fintech penetration in Southeast Asia will double by 2027, says UnaFinancial
UnaFinancial said Wednesday that the number of fintech companies per one million people in Southeast Asia may double by 2027, reaching 100. This is supported by the growing super-platform economy, conducive regulatory frameworks and favorable economic conditions.
Tikehau Capital partners UOB-Kay Hian to launch new private credit strategy
Tikehau Capital, the global alternative asset management group, has joined forces with Singapore-based brokeragefirm UOB-Kay Hian (UOBKH), to launch a new private credit strategy. Both sponsors will be contributing $50 million each in capital commitments to the strategy, demonstrating strong alignment of interest with investor clients.
