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Deals in brief: Paper battery maker Flint lands seed funding, Pimax raises over RMB 100 million for premium VR headsets, other China deals, and moreBringing you the latest updates on funding deals and activities in the Asia Pacific. Flint lands USD 2 million seed funding for proprietary paper battery technology Flint, a deep tech company specializing in sustainable energy storage, has landed USD 2 million in a seed funding round led by a consortium of angel investors across nine countries and venture capital firm Hatcher+. The funds will...0 Comments 0 Shares 1K Views 0 Reviews
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Bosideng’s luxury pivot: Can Moose Knuckles elevate its outdoor game?Partnering with the Canadian luxury brand could bolster Bosideng’s entry into high-end outdoor apparel, but risks loom over execution and identity. “You won’t find authentic clothes like this unless you’re in Canada.” The remark came as “L,” a cross-border trader speaking to 36Kr, swiped through recent WeChat orders. Among them, a ski jacket from...0 Comments 0 Shares 1K Views 0 Reviews
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Deals in brief: Soul Parking secures Series A extension, Digital Edge raises over USD 1.6 billion, ZVC launches JPY 30 billion fund, and moreBringing you the latest updates on funding deals and activities in the Asia Pacific. Soul Parking secures Series A extension to redefine urban parking in Indonesia Soul Parking, a parking technology company in Indonesia, has closed a Series A extension round co-led by AC Ventures and AppWorks, with additional support from Taiwan Mobile, Uspace, and Wavemaker Ventures. The funds will drive the...0 Comments 0 Shares 1K Views 0 Reviews
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RT-Mart turns new page as Alibaba takes a hit with Sun Art exitOne of China’s largest hypermarket chains, Sun Art’s RT-Mart embarks on a new chapter under DCP Capital’s ownership. On January 1, Chinese internet giant Alibaba Group announced through the Hong Kong Stock Exchange its plan to sell its entire 78.7% stake in Sun Art Retail Group, the parent company of hypermarket chain RT-Mart, for up to HKD 12.298 billion (USD 1.6 billion)....0 Comments 0 Shares 1K Views 0 Reviews
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GoTo CEO Patrick Walujo commits to long haul as profitability edges closeThe CEO’s extended tenure reflects confidence in GoTo’s growth trajectory amid fierce competition in Southeast Asia. Patrick Walujo, CEO of GoTo Group, has committed to leading the Indonesian tech company through 2029. The announcement underscores the progress he has made in steering the company toward profitability, with GoTo reporting a positive adjusted EBITDA in late 2023 and...0 Comments 0 Shares 1K Views 0 Reviews
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Bilibili’s UP100 crowns gaming as the comeback category of 2024Gaming content creators reclaim the spotlight in Bilibili’s 2024 UP100 list. On January 3, Bilibili unveiled its latest UP100 list, recognizing the platform’s top 100 creators for 2024. This marks the seventh consecutive year of the annual selection process, which began in 2018. As in the previous two years, Bilibili evaluated creators based on three key criteria: professionalism,...0 Comments 0 Shares 2K Views 0 Reviews
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Chinese markets stumble into 2025 as global volatility loomsGlobal economic uncertainty adds pressure as Chinese markets face a difficult start to 2025. The Chinese public markets have started 2025 on shaky ground, with A-shares experiencing three consecutive days of losses in the year’s first trading week. All 31 industries tracked by Shenwan Hongyuan Securities recorded declines, although sectors such as coal, banking, and petrochemicals...0 Comments 0 Shares 1K Views 0 Reviews
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Calling APAC Startups: Third edition of PepsiCo’s Greenhouse Accelerator Program opens applications for sustainability innovatorsPepsiCo, a global leader in convenient foods and beverages, proudly announces the return of its Greenhouse Accelerator (GHAC) program in the Asia Pacific (APAC) region for the third consecutive year. The GHAC is a pilot-oriented, mentorship-based program in the region dedicated to fostering sustainable innovation in agriculture, circular economy and greenhouse gas emissions reduction,...0 Comments 0 Shares 915 Views 0 Reviews
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Largest Philippine fintech company GCash said to pick banks for IPOGCash, the largest fintech platform in the Philippines, has picked banks to work on an initial public offering (IPO) that could take place this year, Bloomberg reported on Thursday, quoting people familiar with the matter. GCash has selected JPMorgan Chase & Co, Morgan Stanley and UBS Group AG to work on the potential share sale, the people reportedly said. Other banks that may also help...0 Comments 0 Shares 866 Views 0 Reviews
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