Latest news and trends about tech
SoftBank-backed chip designer Arm aims to raise at least $8B in US IPO – report
The preparations for the IPO are expected to be kick-started in the US in the coming days and the valuation range has not yet been finalized.
India’s Greenko raises $700M in equity funding for growing its cloud storage platform
Greenko Energy Holdings (Greenko), an India-based energy transition firm, is raising $700 million in equity funding from its existing shareholders to grow its cloud storage platform to ~50 GWh.
Philippine Enstack raises $3M in Series A funding round led by Mangrove Capital Partners
Enstack, the Philippines-based small and medium-sized enterprise (SME) superapp, has announced the completion of a $3 million Series A funding round led by Mangrove Capital Partners.
Jaya Grocer launches membership program integrated with Grab
Malaysian premium supermarket chain Jaya Grocer, has launched its first membership program, leveraging the Grab platform. The membership, which is accessible right on the Grab app, aims to enhance consumers’ overall shopping experience by allowing them to conveniently earn and redeem GrabRewards points at all Jaya Grocer outlets nationwide.
Southeast Asian banks well-placed against FinTech disruptors after successful digital transformation, says Moody’s
Banks in Southeast Asia have made significant progress on their digital transformation journey, and incumbents that are willing to invest in technology are well placed to compete with fintechs, Moodys's said Thursday.
Animoca Brands and Manga Productions sign strategic partnership for Web3 industry across MENA region
Hong Kong-based gaming firm Animoca Brands, has partnered with Middle East animations, comics, and games production company Manga Productions, for Web3 industry across Middle East and North Africa (MENA) region.
How grassroots community effort saved $100,000 from being stolen from a DAO — and where we go next
This is the story of how a community collaboration saved a DAO $100,000.
Hong Kong’s Mapxus raises $5M in series B funding led by Kawasaki Heavy Industries
Mapxus, the Hong Kong-based indoor Geographic Information System (GIS) platform, has on Thursday announced the successful completion of its Series B funding round, raising over $5 million in investment. The funding round was led by Kawasaki Heavy Industries.
EV sales collapse as subsidies and tax credits come to an abrupt halt, says Rystad Energy
The global electric vehicle (EV) market is reeling from one of the most dramatic collapses in monthly sales to date, with Rystad Energy research showing that only 672,000 units were sold in January, almost half of December 2022 sales and a mere 3 percent year-on-year increase over January 2022.
