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Animoca Brands leads Hivello funding round ahead of token listingHivello, a DePIN aggregator that enables users to earn by monetizing idle computer resources across multiple decentralized networks, has announced that Animoca Brands, the Hong-based company driving digital property rights to help build the open metaverse, is leading its current funding round. Hivello said in a statement on Monday that the firm will use the funds to further innovate and...0 Comments 0 Shares 563 Views 0 Reviews
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Maybank : concern raised as Temu may turn aggressive in ASEAN amid US challengesMaybank Investment Bank said Wednesday that the elimination of de minimis exemption by the United States has raised concerns among investors that Chinese e-commerce firm Temu may become aggressive in ASEAN. The research house said in a statement that if Temu turns aggressive in ASEAN, there could be a strong pushback by Singaporean technology firm Shopee. “We don’t rule out it may...0 Comments 0 Shares 576 Views 0 Reviews
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AirTrunk plans to develop its second cloud and AI-ready data center in MalaysiaAsia Pacific and Japan (APJ) hyperscale data center specialist AirTrunk has announced plans to develop its second cloud and artificial intelligence (AI)-ready data center in Malaysia, named AirTrunk JHB2 (JHB2) located in Iskandar Puteri, Johor region. Scalable to over 270 megawatts (MW), JHB2 will support demand from global public cloud and technology companies in the region, AirTrunk said in...0 Comments 0 Shares 545 Views 0 Reviews
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Gobi Partners backs ArmourZero to boost cybersecurity for SMEs across Southeast AsiaGobi Partners, an Asian venture capital firm, has announced a strategic investment in ArmourZero Holdings Pte Ltd, a cloud-based cybersecurity platform offering AI-powered application security and security-as-a-service (SECaaS). The duo said in a statement on Wednesday that this investment, made through the Gobi Dana Impak Ventures (GDIV) fund backed by Khazanah Nasional Berhad, aligns with...0 Comments 0 Shares 682 Views 0 Reviews
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Klook secures $100M in funding led by Vitruvian PartnersKlook, a Hong Kong-based platform for experiences and travel services, has on Tuesday announced $100 million in funding led by the global growth investment firm Vitruvian Partners. The latest investment underscores continued confidence in Klook’s vision, market leadership, and operational excellence as the company accelerates its efforts to capture the fast-growing market of next...0 Comments 0 Shares 683 Views 0 Reviews
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MAS and ABS to establish new payments entity to position national payment schemes for next stage of growthThe Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have on Wednesday jointly announced that a new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes to position these schemes for the next stage of growth. The duo said in a statement that the entity will also collaborate with MAS on the...0 Comments 0 Shares 761 Views 0 Reviews
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ADI invests $8M in AC Ventures’ Climate and Sustainability FundAustralia’s flagship impact investment fund Australian Development Investments (ADI) has announced a $8 million anchor commitment to Indonesian venture capital firm AC Ventures’ Climate and Sustainability Fund. Australian Embassy Indonesia said in a statement on Monday that the investments will be in sectors including renewable energy, electric mobility, energy efficiency, waste...0 Comments 0 Shares 676 Views 0 Reviews
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Amazon unveils new Singapore office as AWS Asia Pacific HubAmerican multinational technology company Amazon has continued to expand its presence in Singapore with a new corporate office at IOI Central Boulevard. The firm said in a statement on Wednesday that the new Amazon Web Services (AWS) Asia Pacific Hub is designed to optimize agile working, learning, and collaboration as AWS continues to grow its business, operations, and investments in...0 Comments 0 Shares 619 Views 0 Reviews
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CGC Digital, Funding Societies, and FarmByte team up to support agricultural financing in MalaysiaMalaysia-based fintech firm CGC Digital, Singapore-based financing platform Funding Societies | Modalku, and Malaysia-based agricultural digital service firm FarmByte have teamed up to support agricultural financing in Malaysia. The trio said in a statement on Wednesday that they have signed a memorandum of understanding (MoU) aimed at narrowing the financing gap for micro, small, and medium...0 Comments 0 Shares 691 Views 0 Reviews
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