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2024-12-19 12:45:56

ATM Capital founder: Chinese entrepreneurs to reshape Southeast Asia’s consumer market
The Chinese-led venture capital firm aims to co-create Southeast Asia’s next major consumer brands by backing some of China’s top entrepreneurs. Several updates have emerged regarding Chinese consumer brands in the Southeast Asian market. Xiaomi, after securing its position in the smartphone industry, is set to expand into Southeast Asia’s home appliance market—marking...

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2024-11-20 11:29:42

Deloitte: Southeast Asian IPO market remains tepid in 2024 with capital raised falling to the lowest in nine years
Southeast Asian initial public offering (IPO) market remains tepid in 2024, but momentum builds towards a 2025 rebound, Deloitte said in a statement on Tuesday. The firm said in a statement that For the first 10.5 months of 2024, the IPO capital markets in Southeast Asia saw a count of 122 IPOs, raising approximately $3.0 billion. While the number of IPOs remains healthy, the total capital...

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2024-11-12 11:39:50

Intudo raises $125M to bring the world to Indonesia & Indonesia to the world
Intudo, an investment firm with operations in Indonesia and Silicon Valley dedicated to bringing the world to Indonesia and Indonesia to the world, announced Tuesday the closing of $125 million across two investment funds—Intudo Ventures IV, LP, a $75 million venture fund, as well as a $50 million fund that will invest in downstreaming natural resources and renewable energy. Intudo...

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2024-12-10 06:55:05

Localization drives growth and expansion in 2024’s emerging markets
From Mexico to Africa, thriving in today’s global hotspots means mastering local infrastructure, payment systems, and regulatory nuances. Whether through investment or business expansion, localization has become a global trend in 2024. In the process of exploring markets, the competition is no longer just about the ability to migrate and expand brands. Instead, a company’s...

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2024-12-18 10:57:53

Singapore’s Tyme raises $250M in Series D funding round led by Nubank
Tyme Group, the Singapore-based multi-country digital banking group, has on Tuesday announced that it has raised $250 million in Series D funding round led by Brazilian neobank Nubank. Tyme said in a statement that Nubank has joined its shareholder base through a strategic investment during the raise. Having completed its latest investment round, Tyme Group has now firmly achieved unicorn...

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2024-11-28 05:54:26

TikTok wants to become “most trusted” company as US ban looms
TikTok’s CEO spoke at the APEC event in Latin America, where the app’s user base is growing rapidly. TikTok wants to become a trusted champion of free speech, CEO Shou Zi Chew said on November 15, as the social media platform faces tightening scrutiny in the US, Canada, and Europe for alleged links to the Chinese government. “We are doing everything in our power to try to...

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