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Hong Kong’s Wada Bento bags $2.8M Pre-Series A funding for expansion
Wada Bento, A Hong Kong start-up with a new decentralised foodservice platform, announced Wednesday the successful conclusion of a fresh round of Pre-A funding, landed over HK$22 million ($2.8 million) since seed funding. Investors include Golden Resources Development Limited, Cyberport Macro Fund, EthAum Capitals in Singapore, Hong Kong Tech300, Gravity…
Higher interest rates challenge APAC digital banks, says Fitch
Fitch Ratings said Wednesday that it believes that many new digital banks in the Asia-Pacific (APAC) region will find it more challenging to achieve financial viability as interest rates increase, economic growth slows, and funding conditions tighten.
Y Combinator-backed Philippine startup Shipmates raises $2.2M to grow shipping platform
Shipmates, Philippine-based shipping platform backed by Y Combinator and Iterative, announced Thursday that it had raised $2.2 million in a seed funding round. The seed round was participated by Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X, Sketchnote Partners and other prominent investors.
Iglobsys Technology acquires Malaysia’s Mason Games for $1M
Mason Games Sdn. Bhd., a mobile game development studio announced Thursday that it has been acquired by Iglobsys Technology Sdn. Bhd for $1 million. The acquisition, which took place one year after the establishment of Mason Games in July 2021, is to bolster the studio’s growth in various areas including embarking on their maiden blockchain game project.
Vietnamese EdTech startup EDUPIA raises $14M Series A funding led by Jungle Ventures
Vietnamese EdTech startup EDUPIA has announced a $14 million Series A fundraise led by Jungle Ventures. The round also saw participation from Alibaba-backed eWTP Capital, and Vietnam-based VC, ThinkZone Ventures.
Ascend Vietnam Ventures prioritizes FinTech, blockchain, EdTech, Future of Work, Saas as Vietnam tech sector enters ‘Golden age’ [Q&A]
In the interview, Tran also shared his views on the VC firm’s plans and exit strategy and his views on the tech ecosystem in Vietnam, among others.
CREDAI and Venture Catalysts form $100M Proptech fund in India
The Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts, an India-based integrated incubator and accelerator for startups, have partnered to set up a $100 million PropTech fund to invest in startups bringing in innovative disruption in the realestate sector.
China’s Tencent up stake in French gaming firm Ubisoft
Chinese multinational technology and entertainment conglomerate Tencent has increased its stake in French gaming firm Ubisoft to 9.99 percent from 4.5 percent. Tencent is paying €300 million ($297.19 million), including €200 million ($198.13 million) share acquisition and €100 million ($99.06 million) capital increase, to Guillemot Brothers for 49.9 percent…
How will AI continue to contribute to the gaming experience?
Soon, AI will assist game developers in creating realistic worlds that don’t cost as much as a Hollywood blockbuster. For instance, it can take dozens of hours for a game artist to create a single building or vehicle, costing thousands of dollars.
Malaysia government wants to tap huge potential in UAS sector – report
The government will also develop the UAS Traffic Management System (UAS-TM).
