Latest news and trends about tech

Central Bank the National Bank of Cambodia (NBC) and China-based payment firm UnionPay International (UPI) have officially launched the second phase of their cross-border payment initiative for Cambodians.

Women-led tech startups in Southeast Asia (SEA) secured $198 million in total funding in 2024, accounting for 6 percent of the region’s overall $3.09 billion tech startup funding, Tracxn said Tuesday.

Southeast Asia’s (SEA’s) ecommerce market is projected to reach $325 billion by 2028, fueled by the rapid adoption of digital payments and regional interoperability, unlocking more opportunities in cross-border commerce for businesses, IDC said Tuesday.

Chitose Bio Evolution, a Singapore-based biotech firm and the headquarters of Chitose Group, has announced the issuance of new shares of JPY 7.3 billion ($49 million) through a third-party allotment for expansion.

Agros, a Singapore-based agri-tech startup, has closed a $4.25 million Series A funding round to accelerate its expansion and innovation.

Choco Up, an Asia-based growth financing platform, has entered into a strategic partnership with Wonder Capital Group Limited, a Hong Kong-based independent investment management firm, to begin a series of private credit funds projected to raise $50 million, to fund Asia Pacific (APAC) small and medium-sized enterprises (SMEs).

Philippine electric vehicle (EV) logistics firm Mober said Tuesday that it has officially opened Central Charge, the largest commercial EV Charging hub in the country to date.

Indonesian telecommunications firm Indosat Ooredoo Hutchison has announced a strategic collaboration with Swedish telecommunications firm Ericsson and Google Cloud to consolidate its business support system (BSS) onto a single cloud-based platform.

Yinson GreenTech, a Malaysia-based electrification ecosystem, announced Monday that its electric vehicle (EV) charging business, chargEV, had received an investment from the country's sovereign wealth fund Khazanah Nasional Berhad.

Grab, the Singapore-based superapp, has on Monday announced the signing of new memoranda of understanding (MoUs) with four prominent autonomous technology companies: Autonomous A2Z, Motional, WeRide and Zelos.