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2024-11-23 23:08:14

South Korea flounders in quest to restrain power of online platforms
Proponents and opponents of regulation both spurn South Korean President Yoon Suk Yeol’s attempt at compromise. As the operator of a burger shop in southern Seoul, Hwang Seong-koo had a growing feeling that he was not feeding customers so much as sating the appetite of online delivery services like Coupang Eats and Baedal Minjok, known as Baemin. These companies, which accounted for...

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2024-11-23 13:42:31

Singapore’s Toku closes $5M Series A extension round led by Betatron Venture
Toku, a Singapore-based provider of enterprise cloud communications and customer experience solutions, announced Thursday the successful completion of a $5 million Series A extension round led by Betatron Venture Group. The funding, which included participation from the Hong Kong Innovation and Technology Venture Fund (ITVF) and other investors, brings Toku’s total funding to $18 million...

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2024-11-23 13:21:45

Malaysia’s Petronas, Southeast Asian energy players call for progressive approach to methane emissions reduction
Malaysia’s state-owned oil and gas firm Petroliam Nasional Berhad (Petronas), alongside Southeast Asia’s other leading energy companies, have called for progressive approach to methane emissions reduction. Petronas said in a statement on Thursday that they have released a joint statement to coincide with the 29th United Nations Climate Change Conference (COP29) calling for a...

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2024-11-23 12:43:02

Malaysia’s Gentari inks deal with Perodua for EV charging facilities
Malaysian clean energy company Gentari has inked a deal with automaker Perodua for electric vehicle (EV) charging facilities. Gentari said in a statement on Thursday that Perodua wholly owned subsidiary Perodua Sales Sdn Bhd has signed a memorandum of understanding (MOU) with its subsidiary Gentari Green Mobility Sdn Bhd. The MoU will see Gentari setting up charging facilities at existing...

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2024-11-23 12:41:02

Malaysia’s Theta Edge partners iStream360 to develop AI, blockchain solutions
Malaysia’s information communication and technology (ICT) service provider Theta Edge has teamed up with local data-science company iStream360 to develop, promote, and market transformative artificial intelligence (A.I), blockchain, and advanced system solutions. Theta Edge said in a bourse filing on Thursday that Theta Innovation Sdn Bhd, its wholly-owned subsidiary, has entered into a...

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2024-11-23 12:38:34

Cradle and KLDX team up to introduce alternative fundraising platform for Malaysian startups
Cradle Fund Sdn Bhd (Cradle), the focal agency for Malaysia’s startup ecosystem, has partnered with Kapital DX Sdn Bhd (KLDX), a local digital securities exchange platform, to provide Malaysian startups with an alternative avenue for fundraising. This partnership offers startups greater flexibility in choosing funding options that align with their unique needs, enabling companies that...

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2024-11-23 12:29:18

An interview with Hong Kong’s Cyberport Chief Public Mission Officer Eric Chan – Part I
Editor’s note: TNGlobal’s reporter was invited to attend Cyberport Venture Capital Forum 2024 (CVCF 2024). (sponsored) Cyberport is Hong Kong’s digital technology flagship and incubator for entrepreneurship with over 2,000 members including over 900 onsite and close to 1,100 offsite start-ups and technology companies. It is managed by Hong Kong Cyberport Management Co Ltd,...

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2024-11-23 12:26:21

AppWorks partners with Google Cloud to support next generation of AI & Web3 startups across Greater Southeast Asia
Taiwan-based VC firm and accelerator AppWorks has announced a partnership with Google Cloud to advance its mission of fostering the next generation of entrepreneurs in Taiwan and Southeast Asia. This partnership gives startups in AppWorks Accelerator support from the Google for Startups Cloud Program, including access to a breadth of Google resources designed for early-stage startup founders...

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2024-11-23 12:22:40

TNGlobal Tracker: startup funding snapshot for October 2024
Editor’s notes: data provided by data platform Tracxn Startup funding in Southeast Asia saw a notable uptick in October 2024, with a total of $359 million raised across 33 rounds. This represents a 194 percent increase from September 2024, although the figure remains a striking 42 percent lower than the same month last year.Dominance of Early-Stage Funding in October● The funding...

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2024-11-22 16:28:00

B2B payments are the emerging battleground for Asian banks
For the longest time, owning the consumer payments space has been Asian banks’ key focus However, the shift is likely to change in favor of the underserviced B2B payment segment and right now banks are coming up short in their offering. The need for banks to lift their B2B payments game is being driven by three trends. First, consumers’ use of digital wallets has reached an...

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