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China-based food delivery giant Meituan is said to be exploring a potential acquisition of Delivery Hero SE’s business in Southeast Asia as the company looks to diversify beyond its domestic market, Bloomberg reported on Friday, quoting people familiar with the ...
Visionaries are leading the next gaming era with cutting-edge methods. Central to this shift is the incorporation of new models that rethinks the importance of community-led gaming, and its impact on game development. As the $344 billion competitive gaming market ...
Malaysia’s first tech unicorn Carsome Group, which operates a Southeast Asian used-car online marketplace, is said to be cutting “hundreds of jobs” to reduce costs as it works to reach profitability ahead of a potential stock-market listing, Bloomberg reported on ...
At the Singapore FinTech Festival 2023, we learn how innovations are rewriting the narrative of financial empowerment, enabling a future where everyone, regardless of their geographical or socio-economic background, will have access to essential financial tools and services. Yang Peng, ...
Hong Kong-based game software firm Animoca Brands, global cloud computing platform Amazon Web Services (AWS), and United States-based software solutions provider Polygon Labs have on Thursday announced MoonRealm Express Accelerator, a strategic collaboration to support Web3 builders around the world ...
The Monetary Authority of Singapore (MAS) has on Thursday launched Gprnt (Greenprint), an integrated digital platform that harnesses technology to simplify how the financial sector and real economy collect, access and act upon environmental, social and governance (ESG) data to ...
Southeast Asia has raised approximately $5.5 billion via initial public offering (IPO) in the first 10.5 months of 2023, the lowest in eight years, Deloitte said Thursday. Deloitte said in a statement that the total IPO raised down from $7.6 ...
The Monetary Authority of Singapore (MAS) on Thursday unveiled three initiatives to ensure the safe and innovative use of digital money in Singapore, namely a blueprint outlining the infrastructure required for a digital Singapore dollar; expanding digital money trials; and ...
Singapore-based credit scoring and risk models assessment solution Bizbaz has announced a strategic partnership with Philippine retail bank Rizal Commercial Banking Corporation (RCBC Bank) to integrate AI-driven credit scoring to expand lending and increase financial inclusion. Bizbaz said in a ...
HashKey Exchange, Hong Kong’s licensed virtual asset exchange, has officially closed the deal with OneInfinity by OneDegree, a licensed insurer for digital assets in Asia. The duo said in a statement on Thursday that OneInfinity by OneDegree will provide insurance ...
Wize, a Dubai-based startup providing sustainable solutions for last-mile delivery, has raised $16 million in a pre-Seed funding round co-led by Mena-focused angel investors. The funds will be spent to enhance the company’s presence in the United Arab Emirates (UAE) ...
A mere 14 percent of organizations globally are fully prepared to deploy and leverage Artificial Intelligence (AI)-powered technologies, according to Cisco’ inaugural AI Readiness Index released on Tuesday. Cisco said in a statement that its new research found that while ...
Singapore-based digital asset platform StraitsX has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) as major oayment institutions licensed for digital payment token services, for the purpose of issuing XSGD and XUSD respectively. StraitsX said in a ...
Despite a degree of cautious optimism, Indonesia’s venture capital deal value is expected to decline 70 percent to 80 percent in 2023, according to a report revealed by Indonesia-based venture capital firm AC Ventures and global consultancy Bain & Company ...
Antler, a Singapore-based global early-stage venture capital firm, has announced a trio of significant appointments – Shao-Ning Huang and Lorenzo Peracchione as Venture Partners, and Tudor Coman as Investment Director. Antler said in a statement on Thursday that these appointments ...
MY E.G. Services Berhad (MYEG), a e-government service provider in Malaysia, has partnered with non-profit organization Yayasan Chow Kit (YCK) to foster digital inclusivity for marginalized youth in and around Chow Kit area in Kuala Lumpur. MYEG said in a ...
The Monetary Authority of Singapore (MAS) has on Wednesday announced the successful conclusion of phase one of Project MindForge which seeks to develop a risk framework for the use of Generative Artificial Intelligence (GenAI) for the financial sector. MAS said ...
Enovix Corporation, an advanced silicon battery company, will invest MYR 5.8 billion ($1.23 billion) to establish its first high-volume manufacturing facility (Fab2) in Malaysia. This marks a significant milestone in the company’s global expansion strategy, Enovix said in a statement ...
The government of Malaysia and global tech giant Google have on Thursday announced a strategic collaboration to create inclusive growth opportunities for more Malaysians and homegrown companies in the fast-growing digital economy. Google said in a statement that the collaboration ...
The Monetary Authority of Singapore (MAS) has on Wednesday announced that it is working with the financial industry to expand asset tokenization initiatives and develop foundational capabilities to scale tokenized markets. MAS said in a statement that these developments under ...