Latest news and trends about tech

EVMOS StayKing House, a decentralized finance protocol developed by engineers from Sooho.io, the South Korea-based DeFi infrastructure service provider, won the Grand Champion award of $80,000 worth of USDC and EVMOS at Evmos’ inaugural Momentum Hackathon.

Asean saw a total of 96 IPOs raising $3.8 billion, up 4 percent in deal numbers and a decline of 57 percent in proceeds YOY. The notable decline in proceeds was due to a lack of mega IPOs (IPOs with proceeds equal to or greater than $1 billion) in YTD 2022.

The notion that Web3 is relatively new makes it a hotbed for ambitious startups and developers. As with any new industry, time will tell as to how the next evolution of digital apps will take off. 

The IPO plan follows the $1.1 billion IPO of GoTo Group, Indonesia's biggest tech firm, earlier this year and the 2021 $1.5 billion IPO of BukaLapak.

The Southeast Asian economy is forecasted to grow by 4 percent to 5 percent annually over the next 10 years, with Vietnam leading the charge at a projected growth of 5 percent to 7 percent, according to a joint report by Bain & Company and Monk’s Hill Ventures’ Angsana Council.

Mastercard and Grab, the Singapore-based super app, announced Tuesday the “Small Business, Big Dreams” regional program to digitally upskill gig economy workers and small businesses in Indonesia, the Philippines, and Vietnam.

Whether it’s manufacturing, healthcare, or retail, it’s hard to imagine businesses succeeding without data. In the hospitality industry, though, the impact of data is often overlooked.

Founded in 2017, Kopi Kenangan expanded to more than 850 outlets in 64 cities in Indonesia and officially became the first Southeast Asia company to achieve 'unicorn' status in the F&B category in December last year.

As many regions around the world enter an adjustment period, startup founders and investors have to adjust to a slower fundraising pace. Still, some investors see the adjustment as a healthy thing since it produces more reasonable valuations, weeds out unproductive firms, and forces founders to focus on creating real value.

The immense competition to deploy autonomous vehicles, particularly in industrialized nations, has captured the attention of public policymakers in regard to autonomous mobility and the possible impact it could have.