Indonesia’s Dash Electric secures seed funding to scale EV-as-a-Service across Indonesia
Dash Electric, Indonesian electric vehicle (EV)-as-a-service startup, has on Wednesday announced the successful close of its oversubscribed seed funding round, led by The Radical Fund and co-led by Bali Investment Club (BIC).
Other participants in the round include Schneider Electric Energy Access Asia (SEEAA), Aksara Ventures, and Kevin Aluwi, Co-founder and former Chief Executive Officer of…
Mastercard goes OTP-free in APAC for faster, safer online transactions
Bringing together its leading technology, including tokenization, Click to Pay and biometric authentication via payment passkeys, to help consumers breeze through online checkouts
SINGAPORE, Nov. 6, 2024 /PRNewswire/ -- As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric…
ewpartners Announces $50 Million Strategic Investment in Leshines to Localize Manufacturing in the Middle East
Leshines is the supply chain solution provider of Lenovo Group, which ranks among the top ten on Gartner's prestigious Top 25 supply chain list.
The move reinforces ewpartners' and Leshine's commitment to fostering local industrial growth and empowering enterprises in Saudi Arabia.
RIYADH, Saudi Arabia, Nov. 5, 2024 /PRNewswire/ -- ewpartners (formerly eWTP Arabia Capital), the first…
Digital economy will reach $263B in GMV next year, says report
Google, Temasek, and Bain & Company have projected that the digital economy in Southeast Asia (SEA) will reach $263 billion in gross merchandise value (GMV) in 2024, a 15 percent increase over last year.
The firms said in its e-Conomy SEA report on Tuesday that digital economy revenues in the region have grown 14 percent and are projected to reach $89 billion in 2024.
This suggests…
Funding Societies secures third credit facility with HSBC to extend access to MSMEs in Southeast Asia
Funding Societies, the Singapore-based unified digital finance platform for micro, small and medium enterprises (MSMEs) has on Tuesday announced signing the third credit facility with HSBC under its ASEAN Growth Fund.
The overall transaction, an accumulative commitment of over $100 million, also includes the two annual credit facilities extended to Funding Societies, reaffirms HSBC’s continued…
Funding Societies secures third credit facility with HSBC to extend access to MSMEs in Southeast Asia
Part of HSBC's ASEAN Growth Fund, an accumulative commitment of over US$100 million to Funding Societies since its partnership established in 2022
SINGAPORE, Nov. 5, 2024 /PRNewswire/ -- Funding Societies | Modalku (Funding Societies), the largest unified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia today announced signing the third credit facility*…
Xtend Reports Record 113% Revenue Growth in First Half of 2024/2025 Fiscal Year, Fueled by Global Expansion and Advanced AI Innovations
SINGAPORE, Nov. 4, 2024 /PRNewswire/ -- Xtend, a leading AI-powered digital marketing company, has announced record financial results for the first half of the 2024/2025 fiscal year, achieving a remarkable 113% increase in revenue and a 147% rise in gross profit. This exceptional growth is credited to Xtend's strategic global expansion, breakthrough AI technologies, and robust new strategic…
[Discover Vietnam Tech] Navigating Vietnam’s tech future: Opportunities and challenges
Editor’s note: Discover Vietnam Tech is a new series where we dive deep into the vibrant and rapidly growing tech and innovation ecosystem of Vietnam. In this collection of interviews and editorials, we will spotlight key players—entrepreneurs, innovators, and thought leaders—who are driving the country’s emergence as a global tech hub.
Through candid conversations with industry leaders, we…
Real Star Umbrella: An Umbrella That Opens for the World
YIWU, China, Nov. 2, 2024 /PRNewswire/ -- Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. According to statistics from Yiwugo, "umbrella" is one of the most popular categories on Yiwu's market, ranking within the top 20 search keywords on the platform as of October 2024. Real Star Umbrella, a market leader both of this…
Dingdong to Report Third Quarter 2024 Financial Results on November 6, 2024
SHANGHAI, Nov. 1, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on November 6, 2024.
The Company will hold an earnings…