Kamet Capital invests $8.4M in Singapore’s AI avatar platform TopView

Kamet Capital, a multi-single-family office headquartered in Singapore, has announced the completion of its exclusive Series A investment of approximately $8.4 million into artificial intelligence (AI) avatar platform TopView.ai (TopView) at a valuation of around $30.7 million. Kamet Capital said in a statement on Tuesday that the fast-rising AI-powered product content creation platform is…

Ant International’s WorldFirst gets approval to provide payment services in Malaysia

WorldFirst, the payment firm of Ant International, has secured approval to provide payment services in Malaysia. Ant International said in a statement on Thursday that it has obtained approval from Malaysian Central Bank to carry out business under a Class A Money Services Business license. The license will empower the firm's WorldFirst — an all-in-one digital cross-border payment and…

Alibaba.com’s CoCreate 2025 Highlight s Global Shifts in Entrepreneurship

From over 20,000 entries worldwide in its $1 million pitch competition, AI emerges as a necessity for entrepreneurs, while innovations focused on women and sustainability drive new business trends NEW YORK, Aug. 7, 2025 /PRNewswire/ -- Alibaba.com, a leading business-to-business (B2B) e-commerce platform, today announced that CoCreate Pitch , the world's largest product-focused pitch…

Singapore’s AgnesAI surpasses 20,000 daily active users in three weeks

AgnesAI, an artificial intelligence (AI)-native collaboration platform developed by a team of researchers and engineers from the National University of Singapore (NUS), has rapidly reached over 20,000 daily active users (DAU) in under three weeks since its debut on Product Hunt. “Our goal was to make AI the intelligent center of collaboration, not just an assistant, “Reaching 20,000 DAU…

Sephora’s ‘Perfect Shade’ Campaign Redefines Beauty Standards Across Asia

SINGAPORE, Aug. 7, 2025 /PRNewswire/ -- Sephora has launched 'The Perfect Shade For You,' a major new campaign across Asia Pacific that sets out to redefine beauty standards by championing individuality, authenticity and inclusivity. Building on Sephora's global brand signature, 'We Belong to Something Beautiful', the campaign underscores the brand's commitment to inclusive beauty in the…

Maybank sees slight concerns for Shopee in Brazil amid MELI’s competitive moves

Maybank Investment Bank has foreseen slight concerns for Singapore-based technology conglomerate Sea Ltd's e-commerce arm Shopee in Brazil amid MercadoLibre (MELI)'s several competitive moves. Maybank said in a note on Tuesday that MELI is strategically leveraging lower pricing, free shipping, and broader selection to attack Shopee’s stronghold in low-ticket categories. "Early indicators…

Malaysia’s tokenized asset market could reach $43B by 2030

Malaysia’s tokenized asset market could reach $43 billion by 2030, spanning regulated products such as unit trusts, bonds and sukuk, a whitepaper showed Wednesday. Kenanga Investment Bank Berhad, Saison Capital Pte Ltd, Helicap Labs Pte Ltd and Satori Research Ltd said in their reports titled "Project Juara: Malaysia’s Asset Tokenization Opportunity" while digitalization has enhanced customer…

SOUTH KOREA’S FIRST FULLY AUTOMATED MULTI-PRODUCT ORDER FULFILMENT DISTRIBUTION CENTRE FOR LOTTE CHILSUNG

SEOUL, South Korea, Aug. 7, 2025 /PRNewswire/ -- Dematic, a global leader in supply chain automation, has announced the successful deployment of an advanced integrated logistics solution at Lotte Chilsung Beverage's Bupyeong Logistics Centre. The installation marks a milestone for the region as the first fully automated, mixed case order fulfilment system in South Korea and the broader Asian…

Newborn Town Issues Positive Profit Alert for First-Half 2025: Adjusted Operating Profit Surpasses RMB 600 Million, while the Profit Attributable to the Company’s Equity Shareholders Increases over 108% YoY

HONG KONG, Aug. 6, 2025 /PRNewswire/ -- On August 6th, Newborn Town (9911.HK) released a positive profit alert for the first half of 2025. The Group achieved rapid revenue expansion alongside a substantial increase in profit, driven by the dual-engine growth of its social networking and innovative businesses. For the six months ended June 30th, 2025, the Group's total revenue is estimated to…