News before Dec 11, 2019

China launches driverless train for commercial line

For the first time, China launched its Autonomous Rail Rapid Transit (ART) for commercial use in the Sichuan city of Yibin.

Ismawati AsmatDec 11, 2019

Indonesia’s Evermos secures $8.25 million in Series A Funding

The funding round led by Jungle Ventures with the participation of Shunwei Capital and Alpha JWC.

Ismawati AsmatDec 10, 2019

Vietnam’s wealthiest man to sell cars to the US — putting his own $2 billion cash on the line

He aims to export electric vehicles to the US by 2021 with the six-month-old auto startup; Vinfast.

Syamil FaisalDec 10, 2019

Google and Facebook plan to set up data centers in Indonesia

Communications and Information Minister Johnny G. Plate said Google and Facebook are considering setting up data centers in Indonesia.

Ismawati AsmatDec 09, 2019

Sequoia set to invest $2.4 billion into startup growth in China — despite the ongoing US - China tech war

Today more venture firms are moving towards India and Southeast Asia instead of China.

Syamil FaisalDec 09, 2019

Meet the 9 startups that presented at Chinaccelerator's Batch 16 Demo Day

After a 3 months intensive programme in Shanghai, China

Ismawati AsmatDec 06, 2019

India is boosting its electric vehicles (EV) industry to convert 200 million vehicles electric by 2026

It’s high time for EV startups and investors to look to India as the government is providing full-on support.

Syamil FaisalDec 06, 2019

Grab launches GrabPay Card, partnering with Mastercard

GrabPay Card enables its users to access rewards ecosystem and conduct payments.

Ismawati AsmatDec 06, 2019

Hong Kong’s Area28 receives over $2.1 million from Vectr and Alibaba

The funding round led by Vectr Ventures and Alibaba Hong Kong Entrepreneurs Fund, with support from APES Ventures, Bright Success Capital, and Ironfire Ventures.

Ismawati AsmatDec 05, 2019

Starbucks sees slow growth in China despite opening a new cafe every 15 hours

Its sales struggle to keep up with its rapid expansion in China.

Syamil FaisalDec 05, 2019

Online credit platform Kredivo raises US$90M to expand its lending business in Indonesia

The Series C funding round was led by Asia Growth Fund and Square Peg Capital.

Ismawati AsmatDec 05, 2019

Boxben is Helping Businesses Increase Revenues by Automating their entire Sales Processes.

Through a powerful solution to nurture customer relationships and handle billing processes.

Wallace HoDec 04, 2019

LITE-ON's Antenna Alignment and Monitoring Solution wins the 2019 International Innovation Award

The award validates LITE-ON’s successful transformation to a solution provider.

Ismawati AsmatDec 04, 2019

Indonesia’s Komunal secures seed funding from East Ventures

Komunal announced that it has secured an undisclosed amount of seed funding led by East Ventures and Skystar Capital.

Ismawati AsmatDec 04, 2019

MVLLABS secured $5 million in Series A funding round — looks to grow its mobility ecosystem

Its ride-hailing service TADA is the first blockchain-based in the world.

Syamil FaisalDec 04, 2019

Google announces 6% digital tax for Malaysian users started next year

To be in compliance with Malaysia’s new Sales & Services Tax, Google will charge a 6% Services Tax to its users in the country, starting from January 1, 2020.

Ismawati AsmatDec 03, 2019

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