HSBC launches $1B ASEAN Growth Fund; introduces Venture Debt Fund

Global lender HSBC has on Wednesday announced the launch of a $150 million Venture Debt offering in Singapore, and a $1 billion ASEAN Growth Fund, targeting new economy businesses. The bank said in a statement that high-growth companies in Singapore that are backed by venture capital or private equity investors can now access HSBC’s Venture Debt offering which provides flexible funding…

Malaysia’s Applecrumby raises $4.2M from 500 Global

Applecrumby, a Malaysia-based babycare brand and eCommerce platform, has raised $4.2 million growth investment from multi-stage venture capital firm, 500 Global. The investment will accelerate the company’s growth through its high quality, safe and affordable babycare products, including the world’s first 100 percent totally chlorine-free mass market diapers, PureBasics™ by Applecrumby,…

TECHNOLOGY VETERANS JOIN STARBURST TO TRANSFORM THE DATA WAREHOUSE INDUSTRY

BOSTON, March 27, 2024 /PRNewswire/ -- Starburst, the open lakehouse company, announced today the appointments of Steven Chung as President, Tobias Ternstrom as Chief Product Officer, and Adam Ferrari as Senior Vice President of Engineering. "For decades, enterprises and governments around the world have endured the costs and constraints of traditional data warehouses. Starburst's open lakehouse…

CDNetworks Bolsters Its Presence in Latin America as Regional Traffic Reaches Tbps-Level Milestone

Witnessing the Burgeoning Growth of Media & Entertainment Consumption, CDNetworks Envisions Infusing Renewed Vitality into Latin America's Internet Landscape. SINGAPORE, March 27, 2024 /PRNewswire/ -- In a landmark move signaling its bullish outlook on digital transformation, CDNetworks, the APAC-leading network to deliver edge as a service, announces a strategic expansion of its investments…

Datasea Enters into 5G AI Multimodal Communication Cooperation Agreement Expected to Expand its China 5G Services Revenue

The Agreement with an Estimated Value of $30 Million Supports its Revenue Guidance of $86 Million, a 1,128% Year-Over-Year Increase for its Full Fiscal Year BEIJING, March 26, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada corporation engaged in innovative businesses in high-tech intelligent acoustics and 5G-Artificial Intelligence ("AI") multimodal…

The Inner Mountain Foundation Connects Chinese Entrepreneurs with the International Women’s Community at DHgate’s 2024 Seller Conference

SHENZHEN, China, March 26, 2024 /PRNewswire/ -- The Inner Mountain Foundation, a newly-launched global women's empowerment organization, joined corporate partner and global leading B2B cross-border e-commerce marketplace DHgate at its 2024 Seller Conference on March 26th, 2024, to empower female entrepreneurs through a peripheral event. The Foundation's presence at the Seller Conference aimed to…

DHgate Emphasizes AI Innovation and Improved Localization at 2024 Seller Conference

With cross-border e-commerce now comprising the bulk of China's exports, DHgate emphasized the importance of innovative business growth at its 2024 Seller Conference. SHENZHEN, China, March 26, 2024 /PRNewswire/ -- DHgate, the global leading B2B cross-border e-commerce marketplace, hosted its 2024 Seller Conference in Shenzhen on March 26th, 2024, where the company also announced their core…

Be Friends Holding Limited announces FY2023 financial results: annual GMV exceeded RMB12 billion, revenue increased by approximately 152% YoY, and adjusted net profit surged by approximately 601% YoY

HONG KONG, March 26, 2024 /PRNewswire/ -- Be Friends Holding Limited (together with its subsidiaries, the "Group") (stock code: 1450.HK) today announced its annual results for the year ended 31 December 2023. The Group achieved a revenue of approximately RMB1,074.3 million for FY2023, representing an increase of approximately 152.4% year-on-year; whereas adjusted net profit also surged by…

ICANN Opens Application Cycle for Global Grant Program

Program to fund innovative projects that support the growth of an open and resilient global Internet LOS ANGELES, March 26, 2024 /PRNewswire/ -- The Internet Corporation for Assigned Names and Numbers (ICANN), the nonprofit organization that coordinates the Domain Name System (DNS), announced today that the application window for the first cycle of the ICANN Grant Program is officially open. This…