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BDx Data Centers’ Mayank Srivastava on how Southeast Asia’s data centers are evolving to support AI and cloud innovations [Q&A]Southeast Asia is witnessing a rapid expansion of AI-driven data centers as demand for high-performance computing surges across industries such as finance, healthcare, and technology. The shift towards AI-optimized data centers reflects broader regional efforts to support digital transformation while addressing the unique challenges of high-power density computing and energy efficiency. In...0 Comments 0 Shares 5K Views 0 Reviews
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Behind the scenes of Synagistics’ historic de-SPAC listingWhen Synagistics decided to pursue a Hong Kong de-SPAC transaction, it marked a historic milestone not only for the company but for the city’s de-SPAC regime. As the first de-SPAC there, Synagistics’ listing offers valuable insights for startups considering a similar journey and underscores the uniqueness of Hong Kong’s de-SPAC framework. For Synagistics, its de-SPAC last...0 Comments 0 Shares 3K Views 0 Reviews
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East Ventures, SV Investment announce first close of $100M Southeast Asia-South Korea investment corridor fundEast Ventures, a venture capital firm in Indonesia and Southeast Asia, and SV Investment, a publicly listed venture capital and private equity firm headquartered in South Korea, have on Monday announced the first close of their $100 million Southeast Asia fund. The duo said in a statement that this first closing is backed by leading investors from Korea and Indonesia. With anchor capital from...0 Comments 0 Shares 4K 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 5K Views 0 Reviews
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Indonesia e-commerce firm Bukalapak to stop selling physical goods – reportIndonesian e-commerce firm Bukalapak said on Tuesday that it would stop selling physical items on its marketplace soon, Reuters reported. The announcement came amid tough competition from TikTok’s Tokopedia and Sea Ltd’s Shopee in Southeast Asia’s largest economy. Bukalapak, which went public in 2021, said in a statement that it later would only sell virtual products ranging...0 Comments 0 Shares 5K Views 0 Reviews
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Live commerce is Southeast Asia’s next chapter, and TikTok Shop is leading the wayFor cross-border sellers targeting Southeast Asia, few platforms can rival the ecosystem and expertise TikTok Shop offers. Spread across the tapestry of globalization, some trade routes, established centuries ago, continue to thrive, adapting to modern contexts while retaining their vitality. Southeast Asia exemplifies this resilience—a region that remains a bustling market brimming with...0 Comments 0 Shares 6K Views 0 Reviews
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MUFG’s JACCS takes 49% stake in Carsome Capital to boost auto financingCarsome Group, Southeast Asia’s (SEA) largest integrated car e-commerce platform, and JACCS Co., Ltd., a Japan-based consumer credit service firm of the Mitsubishi UFJ Financial Group (MUFG), have announced a strategic partnership via Carsome Capital Sdn. Bhd., the financing arm of Carsome. Carsome said in a statement on last Thursday that as part of this strategic partnership, JACCS...0 Comments 0 Shares 4K Views 0 Reviews
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PropertyGuru CEO Hari V. Krishnan steps down; Lewis Ng appointed as new CEOSingapore-based property technology firm PropertyGuru Group announced Monday that Hari V. Krishnan will step down as the company’s Chief Executive Officer (CEO). The firm said in a statement that after a decade of successful leadership and significant accomplishment, Krishnan has decided to pursue new interests. According to the statement, Krishnan has played a central role in...0 Comments 0 Shares 5K Views 0 Reviews
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SEA-6 green investments rise 43 percent year on year to $8 billion, led by solar and waste managementSoutheast Asia-6 (SEA-6) – Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam – saw a notable 43 percent spike in private green investments to $8 billion in 2024 compared to the previous year, with Malaysia and Singapore contributing over 60 percent of deals, a report showed Tuesday. According to the latest Southeast Asia’s Green Economy report by Bain and...0 Comments 0 Shares 6 Views 0 Reviews
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Thailand’s HD HD boosts Series A to $7.8M to accelerate healthcare marketplace and AI in Southeast AsiaHD, a Thailand-based healthcare and surgery marketplace, has on Thursday announced the close of a Series A-1 strategic extension round with participation from the United States-based healthcare firm Merck Sharp & Dohme (MSD), bringing HD’s total Series A funding to $7.8 million. HD said in a statement that with additional support from from MSD, HD is poised to expand its impact even...0 Comments 0 Shares 6K Views 0 Reviews
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Tracxn : Southeast Asia’s FinTech funding drops 23 percent in 2024Southeast Asia’s (SEA) Fintech ecosystem witnessed total funding of $1.6 billion in 2024, a 23 percent drop from $2.1 billion in 2023 and a significant 75 percent decrease from$6.3 billion in 2022, Tracxn said Monday. The data platform said in a statement that the funding in 2024 returned to pre-pandemic levels, reflecting challenges posed by macroeconomic conditions, rising interest...0 Comments 0 Shares 5K Views 0 Reviews
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