SPAC-ing the Southeast Asia story

Alibaba and Tencent weigh openings in ‘walled gardens’ to make services accessible to each other, report says

Food delivery platform Elmenus raises USD 10 million from Fawry and Luxor Capital

VCs pump in USD 10.15 billion in Indian startups in H1 2021

About 990 investors pumped in USD 10.15 billion in venture capital across 543 startup deals in H1 2021.

Israel’s Future Meat opens world’s first cultured meat production facility

The new facility will be able to produce up to 500 kg of cultured products a day, which is equivalent to 5,000 hamburgers, or one cow.

Social media influencers prepare for the third wave of COVID-19 in India

As social media influencers helped people with COVID-19 emergencies during the second wave, they are better prepared for the upcoming third wave.

Days of uncertainty in the great edtech depression in China

Edtech is experiencing a great depression in China after Beijing’s crackdown on the sector.

Biotipac wins Women of AgriFood Nation 2021 competition

Biotipac will receive a USD 200,000 investment from COPIA to help the company innovate and expand its technology.

From electric vehicles to renewable energy, CATL’s expansive investment strategy promises bright future

Over 20 Chinese investment firms backed battery giant CATL, altogether generating over RMB 100 billion in profits from the venture.

Gathern raises USD 6 million in Saudi Arabia’s largest Series A round for a woman-led firm

Saudi Arabia is investing billions of dollars in different tourism initiatives to diversify its revenue sources and reduce its dependence on oil exports.

Chinese brokerage apps ride on Singapore’s retail trading frenzy

Tiger Brokers and Futu are battling for Gen Z traders in Singapore amid intensifying interest in investments.

Orca-Tech’s autonomous watercraft are clearing trash out of waterways | Inside China’s Startups

Orca’s self-driving boats are mapping the country’s urban rivers, lakes, and reservoirs.

SoftBank-backed Zhangmen files for US IPO as China steps up regulation on private education

Although several Chinese education companies were fined in April, Zhangmen hasn’t received any warnings or penalties so far.

PUBG to make a comeback in India with a new name

PUBG had 170 million installations in India, contributing 24% of its total downloads.

After fining Alibaba, Chinese regulators start antitrust probe into Meituan

Earlier this month, Meituan was among 34 tech firms that were urged to correct anti-competition practices.

A cross-border cosmetics boutique and beauty brand incubator all within WeChat: Inside China’s Startups

IDS BuyBuyBuy blends content and e-commerce into a WeChat mini program to lure modern beauty shoppers.

Able Jobs makes entry-level hiring easier for companies in India: Startup Stories

The HR tech startup targets users looking for jobs in sales and customer support.

Apna is ‘our’ LinkedIn for India’s sprawling workforce

Last year, during the lockdown in India, around 120 million workers were laid off or placed on furlough.

LemonBox is personalizing nutrition for Chinese millennials | Inside China’s Startups

Chinese consumers’ demand for healthier lifestyles has been increasing since the COVID-19 pandemic.

Nalagenetics advances genetic testing for more accurate, personalized medicine

The Singaporean-based startup wants to reduce adverse drug reactions and increase prescription efficacy through pharmacogenetic testing.

Ricult is building a ‘Bloomberg Terminal’ for Thailand’s agricultural sector: Startup Stories

Can a free app improve the livelihoods of smallholder farmers? Aukrit Unahalekhaka thinks so.

Webuy is Southeast Asia’s breakout social commerce service: Startup Stories

Taking a page from the likes of Pinduoduo, Webuy hosts a fleet of community leaders to funnel groceries to customers in Singapore, Malaysia, and Indonesia.

Wiz.AI devises AI talkbots for Southeast Asia | Startup Stories

AI talkbots are being used by enterprises around the world to provide customer service at scale.