Bringing you the latest updates on funding deals and activities in the Asia Pacific.
Pi-xcels raises USD 2.7 million to expand NFC e-receipt technology
Pi-xcels, a Singapore-based retail tech startup, has raised USD 2.7 million in its second funding round, led by venture capital firm Headline.
Other participants include Wavemaker Partners, Hustle Fund, Shizen Capital, and Seedstars International Ventures. This latest funding brings Pi-xcels’ total capital raised to USD 4.4 million....
Pi-xcels, an interactive e-receipt technology firm, announced Tuesday the completion of its second funding round, securing $2.7 million in investment.
This latest round was led by Headline, with continued participation from existing backers such as Wavemaker Partners, Hustle Fund, and various angel investors, alongside new strategic investors including Shizen Capital and Seedstars International Ventures, the company said in a statement.
This funding round builds on the momentum of...
Malaysia’s digital economy is poised to reach $31 billion in gross merchandise value (GMV) in 2024, an increase of 16% from 2023 according to the latest e-Conomy SEA 2024 report by Google, Temasek, and Bain & Company.
The trio said in a statement that Malaysia’s digital economy has progressed towards profitability while maintaining double-digit growth for GMV.
They noted deeper digital participation among users, effective monetization strategies, and the recovery of...
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Global commerce technology company Shopify Inc. and Malaysian logistics and technology solutions provider GDEX Berhad (GDEX) are teaming up to help Malaysian retail businesses enhance their online commerce experience and expand market reach.
The partnership was cemented through an official signing ceremony today at Grand Millennium Hotel Kuala Lumpur, witnessed by the Counsellor (Trade) and Senior TradeCommissioner of the High Commission of Canada in Kuala Lumpur, Eric Pelletier, and the...
Animoca Brands’ subsidiary Mocaverse has partnered with South Korea’s information and communications technology platform SK Planet to co-develop Web3-enabled experiences with Realm SDK and MOCA Coin.
Animoca Brands said in a statement on Tuesday that the duo planned to co-create blockchain-enabled user experiences within SK Planet’s existing internet services, which will make use of Mocaverse’s Realm SDK.
SK Planet and Mocaverse are planning to onboard SK...
The decentralized finance (DeFi) sector is transforming global financial systems by offering reduced costs, increased transparency, and broader market access. While institutional investors are beginning to explore its potential, challenges like security vulnerabilities, regulatory ambiguity, and insufficient protections remain significant barriers. Trust and robust safety measures are critical to bridging this gap and enabling large-scale institutional adoption.
Why trust and safety are...
Despite headwinds, 20% of listed companies reach new heights in first-half earnings.
One in five Japanese listed companies reported record profits for the first fiscal half that ran from April to September, despite economic headwinds, a Nikkei tally shows.
Some 248 companies posted record earnings while overall corporate earnings slowed due to a sluggish Chinese economy and other factors. Companies that tapped growing demand for power infrastructure and defense equipment, and...
Dubbed the “Nvidia of China,” Moore Threads is set to become a bellwether of China’s semiconductor sector.
While Chinese game developers innovate tirelessly, the country’s semiconductor sector is experiencing a fervent race to go public, with chipmakers moving swiftly to secure IPOs.
Following announcements by Enflame Technology and Biren Technology about entering IPO guidance, Moore Threads made a significant step forward by reclassifying as a joint-stock company on...
Strong sales of the Mona M03 and P7+ highlight Xpeng’s growing momentum in the EV market.
Xpeng Motors has delivered a striking turnaround, unveiling its most robust financial results since going public. In Q3 2024, the company delivered 46,533 vehicles, raking in RMB 10.1 billion (USD 1.4 billion) in revenue while posting a record-breaking gross profit margin of 15.3%.
As of September 30, Xpeng held RMB 35.7 billion (USD 5 billion) in cash reserves and limited its quarterly...
Longtime managing partner Nisa Leung steps down as Qiming hands the reins to a new leadership trio.
After months of speculation, leadership changes at Qiming Venture Partners have been confirmed.
Nisa Leung, a managing partner with 18 years at the firm, is stepping down, according to ChinaVenture. This move aligns with Qiming’s “ten-year succession plan,” under which Duane Kuang, another managing partner, is also set to gradually transition out.
Taking the reins are three...
Web3 technologies are fundamentally changing how we interact online, promising a new era of user control, transparency, and security. Recent projections from Markets and Markets indicate that the global blockchain market is projected to grow from $20.1 billion in 2024 to $248.9 billion by 2029, driven by increased venture capital funding and institutional investment in blockchain.
This is a promising outlook, but newcomers still face substantial barriers that could hinder widespread...
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