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Google Cloud unveils new AI initiatives to unlock economic value for Indonesia

Google Cloud announced Thursday a series of artificial intelligence (AI)-focused initiatives designed to unlock further economic value for Indonesia, in alignment with the government’s Indonesia Emas 2045 vision. The firm said in a statement that The initiatives focus on AI growth in startups and enterprises as well as AI skills development, and follows Google Cloud’s recent move...

2025-05-31 14:45:55

ANGIN announces new investments in Collabit and Arconesia

Indonesian investment platform ANGIN has announced its latest investments in Collabit and Arconesia, two Indonesian startups committed to driving sustainable impact through innovative business models. ANGIN said in a statement on Thursday that these investments are made possible through continued support from KEM (Koalisi Ekonomi Membumi), which has extended funding for ANGIN to deploy as...

2025-05-31 13:41:08

Malaysian government clarifies not involved in Skyvast and Huawei powered AI project

The Ministry of Investment, Trade & Industry (MITI) of Malaysia said Wednesday that the launch of a privately driven artificial intelligence (Al) infrastructure initiative involving Skyvast Corporation and Huawei Technologies is not endorsed by government. MITI said in a statement that the ministry would like to clarify that the said initiative was not developed, endorsed, or coordinated...

2025-05-30 10:00:50

Airwallex’s $6.2B valuation soars with $300M Series F backing

Airwallex, the global payments and financial platform, has completed a $300 million Series F funding round at a $6.2 billion valuation. The firm said in a statement on Wednesday that the round includes $150 million in secondary share transfers. The new investment, which brings Airwallex’s total funding to more than $1.2 billion, includes Square Peg, DST Global, Lone Pine Capital,...

2025-05-30 09:56:56

Alibaba Cloud joins forces with PayNet to power Malaysia’s first fintech-focused hub

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced Wednesday its partnership with Payments Network Malaysia Sdn Bhd (PayNet) as a Cloud Partner for its newly launched PayNet Fintech Hub – Malaysia’s first dedicated fintech-focused community and accelerator. Spearheaded by PayNet, the hub is set to become a catalyst for Malaysia’s...

2025-05-30 09:24:47

Indonesia’s Ringkas secures $5.1M funding to advance AI-driven mortgage solutions across Southeast Asia

Ringkas, an Indonesia-based mortgage financing platform, has announced the closing of a Pre-Series A round at $5.1 million. The firm said in a statement on Wednesday that the funding was raised from participating investors, including Flourish Ventures, Kadan Capital, and several strategic and existing investors. It noted that the funding marks a pivotal step in its mission to enable millions...

2025-05-30 09:19:58

Maybank sees stable-to-improving competition in the mobility segment in Indonesia and Singapore

Maybank Investment Bank said Wednesday that it sees stable-to-improving competition in the mobility segment in Indonesia and Singapore. The research house said in a note that its on-demand-service (ODS) pricing tracker in Indonesia and Singapore reflects stable-to-rising prices while competition remains rational. According to Maybank, Grab’s affordability strategy is gaining traction,...

2025-05-30 04:35:49

Indosat Ooredoo Hutchison launches AI Experience Center in Eastern Indonesia

Indosat Ooredoo Hutchison has officially inaugurated its AI Experience Center (AIEC) in Jayapura, Papua Province, as part of its commitment to expanding access to and the benefits of artificial intelligence (AI) technology for communities across Eastern Indonesia. Indosat said in a statement on Wednesday that this milestone reinforces the firm’s role as a driving force in...

2025-05-30 04:31:08

HashKey partners with Alibaba Cloud to advance Web3 innovation

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has partnered with HashKey Group, a Hong Kong-based digital asset financial services group in Asia, to accelerate Web3 innovation and drive business growth. By leveraging Alibaba Cloud’s robust, secure, and scalable infrastructure, HashKey Group has reduced data operation costs by over 50 percent, Alibaba...

2025-05-30 04:27:20

Temasek-backed SeaTown invests $89M in healthcare firm AddVita

Temasek-based investment firm SeaTown Holdings International announced Wednesday its investment via SeaTown Private Capital Master Fund (SeaTown PCap Fund) in AddVita, a Singapore headquartered healthcare and life sciences distribution company. With a capital commitment of up to S$115 million ($89.09 million) from SeaTown PCap Fund, this investment positions AddVita as an enduring home for...

2025-05-30 02:36:17

Smarter angel investing powered by AI and data

Angel investing has always been an exciting but high-risk venture. Investors offer early-stage funding to startups in exchange for equity, helping to fuel innovation while simultaneously carrying the potential for substantial financial returns or devastating losses. Traditionally, angel investing was based on a mix of gut instincts, personal networks, and the intuition of experienced investors....

2025-05-30 02:33:53

Rabbit Care acquires GluayGluay.com to expand to insurance brokerage market

Rabbit Care, Thailand’s direct-to-consumer insurance comparison platform and a subsidiary of BTS Group, has acquired GluayGluay.com, one of Thailand’s digital motor insurance brokerages, cementing its leadership as the top consolidator in Thailand’s fragmented insurance broker market. Rabbit Care said in a statement last Friday that this strategic acquisition expands the...

2025-05-30 02:28:51

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