HSBC’s David Liao: Digital transformation no longer a choice, but a necessity for businesses [BEYOND Virtual]

The BEYOND Virtual Opening presents world-class entrepreneurs, scientists, global investors, and tech experts to share with us the trends of technology, investments, and the impact of each industry in shaping the world we live in today and the future. In his opening remarks,  David Liao, Co-Chief Executive, Asia-Pacific, HSBC said when the COVID pandemic struck, it became very clear that…

Indonesia’s Eden Farm closes $19M Series A financing from AppWorks and AC Ventures to scale-up its food ecosystem

Eden Farm, an Indonesia AgriTech company, announced Monday the completion of a $19 million Series A round of financing co-led by AppWorks and AC Ventures, with participation from Trihill Capital, OCBC Ventures, Investible, Corin Capital, and existing investor Global Founders Capital. “By the end of 2022, we plan to expand to 25 cities and 8 regencies, supplying more than 100,000 customers with…

ScaleUp Malaysia announces its Top 20 Companies for its 3rd Cohort

Growth stage accelerator, ScaleUp Malaysia announced Monday the selection of the Top 20 Companies for Cohort 3 which it announced in August. ScaleUp Malaysia said the team has evaluated over 200 applications not just from Malaysia but also startups from as far as the United States, Indonesia, Singapore, Japan, and Egypt. “We selected these companies based on their ability to develop…

Vietnam’s Loship eyes opportunities in ‘quick commerce’ as it strives for NYSE listing by 2024

Vietnam-based delivery startup Loship, which aims to list on New York Stock Exchange (NYSE) by 2024, is eyeing opportunities in quick commerce as the firm expands into tier-3 and tier 4 cities of its home country. “We’re accelerating our expansion in new markets, especially the Tier-III and IV cities, after marking our presence in the metropolitans and Tier-II cities," its Co-Founder and Chief…

MyCloudFulfillment raises $7.4M Series B from JWD Group & SCB 10X to support warehouse & service improvement & regional expansion

MyCloudFulfillment, an order fulfillment service provider in Thailand, has raised $7.4 million Series B fund from Thailand logistics firm JWD Group and Siam Commercial Bank subsidiary SCB 10X for regional expansion. The funding will be mainly used for improving warehouse and service capability, expanding the management and software development team, and expanding its service to neighboring…

Singapore’s Una Brands raises $15M Series A funding co-led by White Star Capital and AlphaJWC

Just five months after securing $40 million in its Seed round, Singapore-based e-commerce acquirer Una Brands announced that it has raises a further $15M equity in its Series A funding co-led by White Star Capital and AlphaJWC. Its current investors as well as Alvin Teo, Co-Founder of regional logistics unicorn Ninjavan, also participated in the round. Una Brands said in a statement that it…

Taiwan’s ALP to invest $1B to develop smart warehousing parks in Malaysia

Taiwan’s largest warehousing infrastructure developer Ally Logistic Property Co. Ltd. (ALP) is set to invest $1 billion in Malaysia to develop smart warehousing solutions to boost the nation’s logistics industry. ALP said in a statement that its plans in Malaysia are already underway with the development of its $180 million 27-acre logistics park with a smart warehousing facility called OMega,…

Singapore shopping and rewards platform ShopBack to acquire BNPL player hoolah

ShopBack, a Singapore shopping and rewards platform, said Tuesday it will acquire 100 percent of "buy now, pay later" (BNPL) player hoolah for an undisclosed amount. hoolah, combined with ShopBack's position as the market-leading publisher and shopping companion across the Asia-Pacific, will transform the shopping experience for shoppers, while providing a one-stop solution for demand…