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Cainiao Ranks Top 10 in Hurun Report’s Global Unicorn Index 2023
Cainiao emerged as the 10 th best performing unicorn in the world with an estimated valuation of $27 billion, an $8 billion increase from the company’s pre-pandemic valuation.
Singapore’s emerging tech startup landscape maintains steady momentum amid challenging early-stage fundraising environment, report shows
Singapore’s emerging tech startup pipeline appears to be maturing to reach a ‘steady state’ with approximately 60 startups incorporated annually, but early-stage startups looking to fundraise this year may face especially challenging conditions, according to the Singapore Early-Stage Emerging Tech Startups 2022 landscape report.
Thailand’s Banpu NEXT invests in Singaporean battery-as-a-service provider Oyika
Banpu NEXT, a subsidiary of Banpu, a Thailand-based smart energy solutions provider, has announced a strategic investment in Oyika, a Singapore start-up that offers battery swap solutions and battery-as-a-service (BaaS).
Vietnam’s Selex Motors raises $3M from ADB Ventures, Schneider Electric Energy Access Asia and others
Vietnam-based Selex Smart Electric Vehicles JSC (Selex Motors) is currently in a $3 million convertible note investment round with ADB Ventures - Asian Development Banks's venture arm, Schneider Electric Energy Access Asia, Touchstone Partners, and Sopoong Ventures.
India’s Mesa School of Business raises $4.1M from Elevation Capital, other prominent angel investors
With an aim to build India’s first business school focused on creating startup leaders, Indian education services provider Mesa School of Business (Mesa), has raised INR 34 Crores ($4.1 milllion) from Elevation Capital and notable angel investors.
United States’ Nextiva acquires Indian AI company Simplify360
Nextiva, the United States-based conversation platform, has on Wednesday announced its acquisition of Simplify360, an artificial intelligence (AI) customer experience platform based in India.
Alipay+ E-Wallet partnerships power iQIYI’s fast asia expansion
Popular Asian e-wallets are helping iQIYI, a China-based international streaming platform, accelerate its expansion through Alipay+ to help digital and entertainment (D&E) platforms reach young middle-class consumers looking for quality online video content.
Bain: SEA private equity deal value falls 52% in 2022
Southeast Asia’s (SEA) private equity (PE) market deal value fell 52 percent in 2022 compared to the previous year, with deal count also declining 15 percent year-on-year, Bain & Company (Bain) said Thursday.
Foodpanda partners TADA for new user benefits in Asia
Foodpanda, Asia’s largest food and grocery delivery network outside of China, has entered into a strategic partnership with TADA, a blockchain-based ride hailing platform in Singapore, to introduce new user benefits for customers in Asia, starting with Singapore and Cambodia.
Airwallex launches global payments in Canada further building on expansion in Americas
Australia-based FinTech firm Airwallex has on Wednesday announced the launch of its global payments services in Canada.
