Latest news and trends about tech

Altruist, a US-based custodian for registered investment advisors (RIAs), announced Tuesday that it has raised $152 million in Series F funding led by GIC, a Singapore-based institutional investor.

The direct-to-consumer (D2C) sector is making its mark in Southeast Asia (SEA)’s startup ecosystem, with more than 2,000 companies and all-time funding of $300 million, Tracxn said Wednesday.

Bee Alternatives Management Ltd. (BAM), the equity holding company of Malaysia-based Bee Alternatives Limited (BAL), announced Wednesday that it has entered into a definitive agreement to acquire 100% of the shares in JAFCO Investment (Asia Pacific) Ltd. (JAFCO Asia) from JAFCO Group Co., Ltd. (JAFCO).

Japanese semiconductor firm Ferrotec Holdings Corporation has broken ground on its second high-tech manufacturing facility at Kulim, Kedah of Malaysia, with an investment of MYR 1 billion ($226 million).

Delivery Hero SE, the Germany-based delivery platform, announced Wednesday that foodpanda, its Asia-based business, will stop operating its platform, food and grocery delivery services in Thailand on May 23, 2025.

Malaysian social enterprise Pepper Labs has embarked on a strategic collaboration with Microsoft to expand the artificial intelligence (AI) for Malaysia’s Future (AIForMYFuture) initiative, a skilling program designed to democratize AI fluency across Malaysia.

F5, a global multi cloud application security and delivery company, has on Wednesday announced the expansion of its global network with a new point of presence (PoP) site in Indonesia.

Google has on Tuesday announced the integration of ShopeePay and TNG eWallet (an Alipay+ Partner) with Google Pay in Malaysia, marking Google Pay's first eWallet integrations in Southeast Asia.

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