Latest news and trends about tech
Malaysia’s Sime Darby Motors partners UK’s AstraZeneca to accelerate electric vehicle adoption
Malaysia’s automotive player Sime Darby Motors (SDM) Malaysia and United Kingdom-based biopharmaceutical company AstraZeneca have recently partnered to accelerate the adoption of electric vehicles (EVs) under Sime Darby Motors for AstraZeneca’s employees.
Grab could achieve adjusted EBITDA breakeven in 3Q following layoff exercise, say CGS-CIMB analysts
“Layoff exercise in June leads us to believe Grab can achieve adjusted EBITDA breakeven in 3Q23F (forecast), one quarter ahead of guidance,” CGS-CIMB analysts Ong Khang Chuen and Kenneth Tan wrote in a research note on Thursday.
Atome partners TikTok Shop to drive e-commerce growth in Malaysia
Atome, a Singapore-based digital consumer financing platform, has joined forces with TikTok Shop to revolutionize the e-commerce landscape in Malaysia. This strategic partnership enables businesses of all sizes, but particularly young entrepreneurs and small and medium enterprises (SMEs), to harness the potential of online shopping and foster economic…
Silicon Box launches $2B advanced semiconductor manufacturing foundry in Singapore
Silicon Box, a Singapore-based semiconductor integration startup, has launched its $2 billion advanced semiconductor manufacturing foundry to revolutionize the chip manufacturing sector, develop local capabilities, and boost Singapore's position as a global hub for semiconductor manufacturing.
Singapore’s GIC invests in Aichi logistics facility developed by Daiwa House Industry
GIC, a Singapore-based investment firm, has announced that it will acquire a logistics facility in Yatomi city, part of the Greater Nagoya metropolitan area.
Sequoia Capital partner Michael Moritz to exit firm after almost four decades – report
Moritz will now focus on Sequoia Heritage.
India’s o9 Solutions raises $116M investment at $3.7B valuation
o9 Solutions, an India-based enterprise artificial intelligence (AI) software platform provider has on Wednesday announced that its existing investors, led by General Atlantic’s BeyondNetZero, have invested an additional $116 million in the company.
Shinhan Bank, SCB TechX, other financial institutions complete stablecoin remittances pilot on Hedera
South Korean bank Shinhan Bank, Siam Commercial Bank's technology innovation business unit SCB TechX, and the largest financial institution in Taiwan have on Tuesday announced the successful completion of a stablecoin remittance proof-of-concept (PoC) pilot.
KKR leads $190M Series C round in South Korean online fashion platform MUSINSA
MUSINSA, an online fashion platform in South Korea, has raised $190 million in Series C fundraise led by KKR, a global investment firm. The round also saw participation from Wellington Management, one of the world’s largest independent investment management firms.
AIOX Apex Angel Fund invests in Singaporean global design studio XM HoldCo
Singapore-based global design studio XM HoldCo Pte Ltd and its subsidiaries (collectively the XM Group) has announced that it has completed its latest round of fundraising, led by AIOX Apex Angel Fund (AIOX), together with some of its existing institutional shareholders including Heliconia Capital Management Pte Ltd and ICH Capital.
