Social Media
Society Pass’s Thoughtful Media acquires Indonesia-based KOL management agency Newave Strategic
Thoughtful Media Group Inc (TMG), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (SoPa), has on Wednesday announced the acquisition of Newave, an Indonesia-based KOL management agency.
Facebook-parent Meta to cut 10,000 jobs in second round of layoffs
Meta owns social media platforms including Facebook, Instagram and WhatsApp.
Bigo Live partners TripleA to enable users pay with crypto
Bigo Live, a Singapore-based social live streaming platforms, has partnered with TripleA, a Singapore-based licensed crypto payment gateway, to enable users to pay with cryptocurrencies.
Singapore’s Partipost raises $7M led by iGlobe Partners
Partipost, a Singapore-based crowd influencer marketing and commerce platform, announced Tuesday that it has secured an investment of over $7 million.The oversubscribed round is led by iGlobe Partners, with participation from Temasek’s Pavilion Capital, Taiwan Mobile, Cathay Venture, and Quest Ventures.
Malaysia’s respond.io raises $7M funding led by Headline Asia
Respond.io, a Malaysia-based social to conversational commerce software as a service (SaaS) platform, has closed $7 million in Series A funding. The round was led by Headline Asia with participation from AltaIR Capital, Smart Partnership Capital, Sterling Oak Group & Calendula Ventures.
India’s ShareChat closes $520M round at $5 billion valuation
ShareChat (Mohalla Tech Pvt Ltd), India’s largest homegrown social media company, announced Thursday the closure of its multi-tranche funding round through which it raised a total of $520 million and reached $5 billion in valuation.
Elon Musk now says $44B Twitter deal “temporarily on hold”
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk wrote in a tweet.
Elon Musk’s $44B Twitter buyout challenged in shareholder lawsuit – report
According to Reuter's report, the lawsuit seeks to delay the merger's closing until at least 2025, declare that Twitter directors breached their fiduciary duties, and recoup legal fees and costs.
Singapore’s The Parentinc acquires Vietnam women online community Webtretho
The Parentinc, a Singapore-based community platform for parents, announced Thursday the successful completion of acquisition of Webtretho, a Vietnam-based women and parenting community.
Singapore social music creation platform BandLab raises $65M Series B funding
BandLab, a Singapore-based social music platform, announced Tuesday the close of its Series B round totaling $65 million with a post-money valuation of $315 million. The company welcomed Prosus Ventures, the venture investing arm of Netherlands-listed Prosus, which is majority-owned by Naspers (the largest shareholder of Tencent), to its list of investors.
