Breakeven is near for Malaysian unicorn Carsome, says CEO Eric Cheng
Editor’s note: TechNode Global’s signature Southeast Asia-focused tech event, ORIGIN Conference, will be held on May 11 as one of the BEYOND Week events in Macao. Join us if you wish to learn more about tech unicorns and the startup scene in Southeast Asia.
Malaysia-headquartered used car e-commerce platform Carsome is confident to break even this year, supported by its consistent growth…
Nothing Launches Ear (2) – The Ultimate Hi-Res Audio Certified True Wireless Earbuds
Better sound. Better clarity. Just better.
KUALA LUMPUR, Malaysia and LONDON, March 23, 2023 /PRNewswire/ -- London-based consumer tech brand Nothing has launched Ear (2), a set of true wireless earbuds that celebrates Nothing's iconic transparent design with elite engineering and next-level personalization for the ultimate audio experience.
Nothing Launches Ear (2) – The Ultimate Hi-Res…
Gobi Partners and MAVCAP works with Paywatch to address demand for earned wage access
Gobi Partners, an interconnected Pan-Asian venture capital (VC) firm, has invested in Paywatch via Gobi’s Superseed II Fund to meet increasing demand for earned wage access (EWA) in the region.
Malaysia Venture Capital Management Berhad (MAVCAP), one of the backers of Superseed II Fund, is also working with Paywatch to support its mission of providing fair financial access for all workers in…
Joel Neoh departs Fave as Chief Executive Officer
Fave, a consumer fintech platform in Southeast Asia, has announced that its Founder and Chief Executive Officer Joel Neoh will leave from his role by early March 2023.
Fave said in a statement on Tuesday that its Co-Founder Yeoh Chen Chow will continue to lead the business together with Avantika Jain, General Manager in Singapore, Aik Kuang Heng, Fave’s newly appointed General Manager in…
Gobi Partners onboards Malaysian startups Durioo+, Lapasar, Paywatch and pitchIN to the Gobi Superseed II Fund
Gobi Partners, the Pan-Asian venture capital (VC) firm with $1.5 billion in assets under management, has onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).
Gobi said in a statement that the four firms being onboarded are Islamic-themed streaming service Durioo+, e-commerce marketplace Lapasar, earned wage access provider Paywatch and online…
Leading organizations in Asia-Pacific Lauded with the Frost & Sullivan Best Practices Award
6 companies commended for their outstanding performance and valuable contributions in shaping new trends across the region
SINGAPORE, Dec. 20, 2022 /PRNewswire/ -- Frost & Sullivan's Best Practices Awards commend best-in-class companies that have accomplished innovative or disruptive breakthroughs in their industries and have continually demonstrated excellence.
"My heartiest congratulations…
Fitch Solutions sees passenger EV sales in Malaysia to expand rapidly in 2023
Fitch Solutions, a Fitch Group unit, said Thursday that it expects passenger electric vehicle (EV) sales in Malaysia to expand rapidly in 2023, albeit from a low base due to the introduction of incentives to boost adoption.
The research house said in a note that it forecasts passenger EV sales in Malaysia to increase by 45.6 percent in 2023 to reach an annual sales volume of around 4,449…
Carsome Mobility Lab unveils five up-and-rising stars
Five mobility startups have presented their innovative pilot projects on Wednesday during the Carsome Mobility Lab demo day.
In a statement, Carsome said the five companies are Asia Mobiliti Tech (smart mobility solutions), Carmen Automotive (SG) (vehicle data analytics solutions), Moovby (peer to peer car-sharing marketplace), MyBump Media (leading crowd advertising platform) and SparexHub…
Indonesia’s unicorn Kopi Kenangan debuts in Malaysia – report
Indonesian unicorn Kopi Kenangan has made its debut in Malaysia with the official launch of its outlet at Suria KLCC, a shopping mall at the iconic Petronas Twin Towers in Kuala Lumpur, marking its first outlet outside its home country.
The coffee chain Co-Founder and Chief Executive Officer Edward Tirtanata said the company's expansion beyond the Indonesian market started with Malaysia and…
NEC Selected as Technology Partner in the Implementation of Biometric Solutions for NIISe
KUALA LUMPUR, Malaysia, Oct. 18, 2022 /PRNewswire/ -- Leading IT and Network Technologies company, NEC Corporation of Malaysia Sdn Bhd (NEC Malaysia) has been awarded the sub-contract for the implementation of its class leading Automated Biometric Identification System (NEC ABIS) and Border Control Solution (e-Gate) by the main contractor for the National Integrated Immigration System (NIISe),…