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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 7K Views 0 Reviews
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AIFT, Shin Kong Life forge strategic partnership to enter Vietnam’s digital insuranceHong Kong-based insurer AIFT and Taiwan-based insurer Shin Kong Life have signed a strategic cooperation agreement on Thursday to enter Vietnam’s digital insurance. The duo said in a statement that this partnership signifies a joint commitment to transform Vietnam’s digital insurance market through AIFT’s IXT modern digital insurance capabilities alongside Shin Kong Vietnam...0 Comments 0 Shares 2K Views 0 Reviews
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AirAsia MOVE appoints travel industry veteran Manfredi Lefebvre d’Ovidio as ChairmanMalaysia-based Capital A’s online travel agent (OTA) platform AirAsia MOVE has announced the appointment of Manfredi Lefebvre d’Ovidio as its new Executive Chairman, effective immediately. AirAsia MOVE said in a statement on Tuesday that d’Ovidio is succeeding Kamarudin Meranun who has been instrumental in shaping AirAsia MOVE into a travel powerhouse in ASEAN. According to...0 Comments 0 Shares 8K Views 0 Reviews
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AirAsia MOVE’s monthly active users and number of transactions up quarter on quarter in fourth quarter 2024Malaysia-based Capital A’s online travel agent (OTA) platform AirAsia MOVE has achieved higher monthly active users (MAUs) and number of transactions during the fourth quarter of 2024, driven by continuous improvements of the platform. The firm said in a statement on Wednesday that it saw 16 percent quarter on quarter increase in MAUs to 15.22 million during the fourth quarter last year....0 Comments 0 Shares 8K Views 0 Reviews
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Airwallex’s $6.2B valuation soars with $300M Series F backingAirwallex, 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,...0 Comments 0 Shares 3K Views 0 Reviews
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Alibaba Cloud joins forces with PayNet to power Malaysia’s first fintech-focused hubAlibaba 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...0 Comments 0 Shares 3K Views 0 Reviews
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Analyst: Malaysia’s data center interest revives after US AI regulation rollbackThe overhang on the data center theme in Malaysia has eased for now, after the United States scrapped its artificial AI diffusion rules that were proposed during the wane of the Biden Administration, RHB Investment Bank said Monday. The research house said in a note that the proposed data center builds in Malaysia will no longer be subject to graphics processing unit (GPU) cap restrictions,...0 Comments 0 Shares 3K Views 0 Reviews
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Analysts see US AI chip export curbs has limited impacts on Malaysia’s tech spaceThe United States artificial intelligence (AI) chip export curbs has limited impacts on Malaysia’s technology space, Malaysian analysts said Friday. RHB Investment Bank Research said in a note that it believes the direct impact from US AI chip export curbs on Malaysian technology firms is limited. “While the indirect impact is difficult to ascertain, we note that local tech supply...0 Comments 0 Shares 7K Views 0 Reviews
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Ant Group’s unit to seek stablecoin permits in Hong Kong, Singapore – reportJack Ma-backed Ant Group Co’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, Bloomberg reported on Thursday, quoting people familiar with the matter. Singapore-headquartered Ant International will apply for the stablecoin issuer’s licence in Hong Kong as soon as the city’s Stablecoins Ordinance goes into effect in August, the...0 Comments 0 Shares 2K Views 0 Reviews
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Arm and SoftBank contribute $15.5M to advance AI through Carnegie Mellon University’s partnership with Keio UniversityCarnegie Mellon University (CMU), Arm and SoftBank Group Corp. (SBG) announced last Thursday that Arm and SBG will contribute $15.5 million to CMU to support its partnership with Keio University (Keio), a collaboration to accelerate the global advancement of artificial intelligence (AI). Softbank said in a statement that a year ago, the United States and Japan launched a research partnership...0 Comments 0 Shares 4K Views 0 Reviews
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Aura Private Equity leads $28.5M investment into Singapore’s Global Incentive SolutionsAura Private Equity has on Thursday announced a AU$28.5 million ($18 million) investment into Singapore-based Global Incentive Solutions, the parent company of Giftaway, a business with capabilities in digital rewards and incentives in the Philippines. Aura Private Equity said in a statement that this investment, made in collaboration with its co-investors, will fuel Giftaway’s growth as...0 Comments 0 Shares 8K Views 0 Reviews
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