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Articles, Links, and Press

Twitter could takeover Clubhouse with its new feature: Spaces

Twitter has been testing Spaces for a while now, and is gradually opening it up to more users.

BEAMSTART.COM

Government Grants and Funding in Malaysia - a comprehensive list for startups and SMEs

An updated list of government grants available in Malaysia for startups and new businesses

BEAMSTART.COM

Lalamove logistics services skyrocket in recent months; raising $1.5 billion

Lalamove is looking to raise a final $200 million before closing the Series F round.

BEAMSTART.COM

Zoom plans $1.5 billion share sale at 10 times its IPO price

Zoom said on Tuesday that it will sell about 4.4 million shares in a secondary offering.

CNBC.COM

PayPal to Enter China’s Online Payment Market - Pandaily

Following U.S. digital money transfer platform PayPal’s acquisition of Chinese licensed payment company GoPay in 2019, PayPal made another move to hold the full equity of GoPay today.

PANDAILY.COM

Sea Group firms up digital payments play in Indonesia with Bank BKE acquisition

The deal can be seen as part of Sea Group's ongoing plan to increase customer retention on Shopee by doubling down on ShopeePay.

DEALSTREETASIA.COM

B2B SaaS platform VComply raises $6m led by Counterpart Ventures, Accel

In July 2019, VComply, had secured $2.5 million in a seed funding round led by Accel.

DEALSTREETASIA.COM

Text marketing startup Voxie raises $6.7M – TechCrunch

Like many startups, Atlanta-based Voxie was created to solve a problem that founder and CEO Bogdan Constantin faced himself. In Constantin’s case, this was at his previous tuxedo rental startup Menguin (ultimately acquired by Generation Tux), where he said he had to market a product with a six-to-nine month sales cycle, as customers were usually weighing […]

TECHCRUNCH.COM

Banking software start-up Mambu raises $135 million at a $2.1 billion valuation

Mambu is the latest financial technology company to achieve the coveted status of

CNBC.COM

ADB invests $75m in OrbiMed's fourth Asia-focused healthcare PE fund

Manila-based Asian Development Bank has committed $75m to the fourth Asia-focused healthcare fund of US-headquartered investment firm OrbiMed.

DEALSTREETASIA.COM

KEY STAT | China's 'Nvidia rival' Horizon Robotics raises fresh money | KrASIA

The company plans to raise over USD 700 million in its Series C round.

KR-ASIA.COM

Baidu picks CLSA, Goldman for secondary listing in Hong Kong

Baidu joins a wave of US-listed Chinese firms in seeking a trading foothold in Hong Kong amid simmering tensions between the world’s two biggest economies. Companies from JD.com to NetEase raised about US$17 billion through share sales in Hong Kong last year, according to Bloomberg’s data.

SCMP.COM

Trump targets Ant’s Alipay, WeChat Pay in latest app bans

US President Donald Trump signed an order banning US transactions with eight digital Chinese payment platforms including Ant Group Co’s Alipay in 45 days, when he’ll no longer be in office.

THESTAR.COM.MY

Over One-Third of the Global Industrial Robots Were Manufactured in China - Pandaily

China’s robotics industry saw rapid growth this year. According to a report released by Buy Shares, there were 381,000 units of industrial robots globally as of September 2020.

PANDAILY.COM

Chinese Startups And Venture Capitalists Bet Big On Open Source RISC-V

Chinese Startups And Venture Capitalists Bet Big On Open Source RISC-V – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

Huawei Pay joins hands with Aleta Planet to introduce NFC, QR code payments for S'pore users | e27

Users can transact in-store and in-app using the mobile payment solution upon adding their bank card to the Huawei Wallet app

E27.CO

Investors left in the lurch as investment platform CoAssets runs into trouble

THE Monetary Authority of Singapore (MAS) will review and take necessary action if CoAssets' licensed subsidiary - now known as CA Funding - has breached regulations. Read more at The Business Times.

BUSINESSTIMES.COM.SG

AI chipmaker Graphcore raises $222M at a $2.77B valuation and puts an IPO in its sights – TechCrunch

Applications based on artificial intelligence — whether they are systems running autonomous services, platforms being used in drug development or to predict the spread of a virus, traffic management for 5G networks, or something else altogether — require an unprecedented amount of computing power to run. And today, one of the big names in the […]

TECHCRUNCH.COM

Self-driving robotaxis are taking off in China

The world has been inching toward fully autonomous cars for years. In China, one company just got even closer to making it a reality.

EDITION.CNN.COM

Tencent, Jeneration Capital Leads RMB2 Billion Round In Medbanks

Tencent, Jeneration Capital Leads RMB2 Billion Round In Medbanks – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

Cakap bags US$3M in Series A+ funding to expand its language learning platform in Indonesia | e27

Cakap claims its student numbers have grown 10X since the beginning of the year and 30X compared to the same period last year

E27.CO

China’s e-commerce titan Alibaba hit with antitrust probe – TechCrunch

China’s top market watchdog has begun a probe into Alibaba over alleged anti-competition practices at the e-commerce firm, the latest of Beijing’s efforts to curb the country’s ever-expanding internet titans. The State Administration for Market Regulation said Thursday in a brief statement that it is investigating Alibaba over its “choosing one from two” policy, in […]

TECHCRUNCH.COM

SE Asian travel app Traveloka weighs public listing including SPAC option

Jakarta-based Traveloka is among a handful of Southeast Asian companies that are targets of SPACs, bankers said.

DEALSTREETASIA.COM

India: Pine Labs' valuation tops $2b after Lone Pine investment

Lone Pine’s investment follows the strategic investment made by Mastercard in January 2020, when Pine Labs attained unicorn status.

DEALSTREETASIA.COM

China's MicuRx Pharma secures $107m in Series E round

China Merchants Securities, Korea Investment Partners, Yingke PE, Founder H Fund, Zhongtai Ventures, and Detong Capital joined the round. 

DEALSTREETASIA.COM

Internet Firms Including Alibaba And Tencent Remove Bank Deposit Products

Internet Firms Including Alibaba And Tencent Remove Bank Deposit Products – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

Coinbase Files To Go Public

The move comes as the price of bitcoin rose to a record high this week.

NEWS.CRUNCHBASE.COM

EU approves Google's $2.1 billion acquisition of Fitbit, subject to conditions

Google's $2.1 billion acquisition of Fitbit has been conditionally approved by the European Commission, the executive arm of the EU.

CNBC.COM

Speedoc snags US$5M Series A to drive faster adoption of digital health services in Singapore | e27

Speedoc operates as a platform that combines offline and online services to provide healthcare to patients in their homes

E27.CO

France, China developing biologically engineered supersoldiers: report

Last week, France gave the go ahead for augmented soldiers, and some fear the super troopers could be the new norm in the recent future.

NYPOST.COM

Gojek invests in Bank Jago, marking its entrance into digital banking | KrASIA

Our aim is to make the Gojek app a reliable resource for everyone’s financial needs, said co-CEO Andre Soelistyo.

KR-ASIA.COM

When is a pandemic over?

Consider the following scenario: a highly infectious, sometimes deadly respiratory virus infects humans for the first time. It spreads rapidly worldwide, and the WHO declares a pandemic. The death toll starts to rise and everyone is asking the same question: when will the pandemic end? Alex Rosenthal details the three main strategies governments can use to contain and end a pandemic. [Directed by Visorama, narrated by Jack Cutmore-Scott, music by Bamm Bamm Wolfgang].

TED.COM

Bumble reportedly filed confidentially for an IPO – TechCrunch

Today Bumble, a popular dating-focused startup, was reported by Bloomberg to have filed IPO documents, albeit privately. The news that Bumble is pursuing an IPO is not a surprise. TechCrunch covered the story in September, noting the huge revenues that its rival Tinder has managed to accrete, possibly indicative of a sufficiently large market to […]

TECHCRUNCH.COM

Singapore airport goes sub-zero for COVID-19 vaccine transport plan

SINGAPORE (Reuters) - As the door of the vaccine transport cart opens at Singapore's Changi airport, the sub-zero temperatures inside collide with the warm, tropical air, creating a carpet of steam like hot breath on a winter's day.

THESTAR.COM.MY

Mental wellness platform Lyra Health is raising up to $175M at a $2.25B valuation – TechCrunch

The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. Even the spread of remote work is part of the problem: As everyone stays at home, the lack of interaction and watercooler chat has left employees without in-person interaction. The need for a solution has helped tech-powered mental […]

TECHCRUNCH.COM

Tokopedia engages Morgan Stanley and Citi as plans to go public accelerate | e27

CEO William Tanuwijaya had previously expressed his desire for a dual listing to ensure local employees and Indonesians can own shares of the firm

E27.CO

Flipkart saw annual loss widen by 20% in latest financial year | KrASIA

Flipkart Wholesale, the B2B arm of the Flipkart Group reported a 22.3% dip in losses in FY 20.

KR-ASIA.COM

China Tech Digest: Report Shows Internet Jobs Ranks Lowest On Happiness

China Tech Digest: Report Shows Internet Jobs Ranks Lowest On Happiness – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

ServerDNA sets new record; one of the largest online gamers gathering in the country.

ServerDNA's event garnered over 62k participants throughout the 2 days.

NEWSASIATODAY.COM

You Can Finally Share Tweets in Snapchat

Twitter and Snapchat are technically rivals in the social media marketplace, but the two companies recently joined forces to make sharing tweets in Snapchats much easier. The new cross-platform share option is available for Twitter on iOS right now, and it’ll hit Android soon.

LIFEHACKER.COM

Roblox buys digital avatar startup Loom.ai – TechCrunch

Roblox announced today that it’s buying a digital avatar startup called Loom.ai. Purchasing a company that has focused singularly on creating more realistic human avatars is an interesting play for a gaming platform that has made such an impact by building experiences that tend to cast realism to the wayside. We covered the company’s $1.35 […]

TECHCRUNCH.COM

Public.com Secures $65M Series C For Social Investment Network

Public.com enables users to buy any stock with any amount of money, and around that, can participate in social communities.

NEWS.CRUNCHBASE.COM

SG's co-living startup Cove raises $4.6m Series A led by Keppel Land

Cove was founded in 2018 as a startup providing co-living options for young professionals and students in Southeast Asia.

DEALSTREETASIA.COM

Chinese printing technology firm Apexmic bags $488m strategic investment led by ICF

Twelve investors including Zhuhai Gree Financial Investment Management, Goldstone , and Hengqin Financial Investment also invested.

DEALSTREETASIA.COM

Helicap partners with Credit Saison Group to provide US$10M debt financing to alternative lending platforms in SEA | e27

The collaboration aims to create a significant impact, especially for low-income borrowers and micro-enterprises in Vietnam and Indonesia

E27.CO

Facebook’s UK users will lose EU privacy protections next year

The move will affect Instagram and WhatsApp users as well

THEVERGE.COM

ClickUp hits $1 billion valuation in $100M Series B raise – TechCrunch

Just six month after raising its first bit of outside funding, ClickUp has closed $100 million in new funding and reached a $1 billion valuation, a report in Bloomberg first reported. The company has seen plenty of growth in the past several months to justify that new unicorn status, including doubling the amount of users […]

TECHCRUNCH.COM

BlackRock Launches Solution for Financials and Investors to Quantify Climate Risk in Portfolios - ESG Today

BlackRock, the world’s largest asset manager, announced today the launch of Aladdin Climate, a software-based solution enabling financial institutions and investors to quantify and measure the physical risk of climate change and the transition risk to a low-carbon economy on their portfolios, using climate-adjusted security valuations and risk metrics. According to BlackRock, the new platform […]

ESGTODAY.COM

China saw first online payment using Digital Currency Electronic Payment

China’s first online order by Digital Currency Electronic Payment (DECP) was made by a Suzhou online shopper at JD.com on December 11, right after Suzhou’s government kicked off the Double 12 shopping festival and issued RMB 20 million DCEP in partnership with The People’s Bank of China, the central bank of China. Suzhou is the first city to test online consumption scenarios by DCEP, with JD Digits (JDD) providing support in technology and services, helping connect financial institutions with online purchasing applications. JDD is the first technology company to test the DCEP in China with state-owned banks, connected with online

CHINAINTERNETWATCH.COM

Malaysia’s Fave struggles to get cashback train on track

One pivot, a series of acquisitions, and a US$4 million down round later, Fave is still struggling to find a strong footing for its business.

THE-KEN.COM

JD.com ups stake in China's grocery delivery race with $700m Xingsheng investment

Xingsheng had closed about $800 million in a round led by KKR & Co, with participation from Sequoia Captial China, and others, in July.

DEALSTREETASIA.COM

Digitalization Solutions Firm DEEPEXI Secures $40 Million

Digitalization Solutions Firm DEEPEXI Secures $40 Million – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

Reddit to Buy TikTok Rival Dubsmash in New Video Push

Reddit, the 15-year-old online news aggregator and discussion forum, has agreed to buy lip-synching video app Dubsmash, one of the few remaining startups to rival TikTok, according to two people with direct knowledge of the deal. The acquisition, originally set to be announced on Monday, marks ...

THEINFORMATION.COM

UOB's second Asia impact fund hits first close at US$60M | e27

The fund will invest US$1-15M into high-growth companies working to improve the livelihoods of underserved communities in SEA and China

E27.CO

US gaming platform Roblox to delay IPO until next year

The firm had filed to raise $1 billion through an IPO on the New York Stock Exchange and was expected to join a year-end IPO wave.

DEALSTREETASIA.COM

Appboxo gets $1.1 million seed to build a mini-app ecosystem for all developers – TechCrunch

Pioneered by WeChat almost four years ago, mini-apps are now common in China and India, and gaining traction in other markets, too. Mini-apps, or lightweight apps designed for integration into host apps, allow smartphone users to access several services through one app, saving them data and storage space. They also give host apps more ways […]

TECHCRUNCH.COM

China fines Alibaba, Tencent’s e-book subsidiary over anti-trust violations – TechCrunch

The Chinese government is moving to curb the power of some of China’s most influential internet companies. The country’s top market regulator announced Monday that it is fining Alibaba and China Literature, Tencent’s e-book spinoff, for failing to report their past acquisition deals for clearance. The cases involve Alibaba’s equity investments in major Chinese mall […]

TECHCRUNCH.COM

Hartalega confirms 35 employees test positive for Covid-19

KUALA LUMPUR: Hartalega Holdings Bhd has confirmed that 35 of its employees tested positive for COVID-19, 20 of them are at the Bestari Jaya operations and 15 at the Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang.

THESTAR.COM.MY

Apple to Remove Remaining Unlicensed iOS Games from Chinese Market by Jan. 1 - Pandaily

On Dec. 2, Apple sent an email to the remaining developers who own unlicensed games on App Store China

PANDAILY.COM

Alibaba's logistics arm Cainiao launches $76.5m global open tender for partnerships

The move signals Cainiao's latest bid to build out a global logistics infrastructure, since Alibaba increased its stake to 63% in November.

DEALSTREETASIA.COM

Chinese Electric Carmaker XPeng Raises $2.16 billion in Upsized Share Sale - Pandaily

Chinese Electric Carmaker XPeng raised $2.16 billion in an upsized follow-on offering, the company announced in a statement on Wednesday.

PANDAILY.COM

Ashmore Indonesia buys 20% stake in Bukalapak's mutual fund unit for $3.5m

Ashmore will gain access to Bukalapak’s growing digital consumer base of over 100 million registered users across Indonesia. 

DEALSTREETASIA.COM

Airbnb soars to near $100bn valuation as shares more than double in IPO

Shares initially priced at $68 start trading on the Nasdaq at more than $150, amid fierce bidding

THEGUARDIAN.COM

Chinese toymaker outguns makers of Transformers, Hello Kitty after hot IPO

Beijing-based Pop Mart has become more valuable than US makers of Transformers and Barbie dolls or Japanese maker of Hello Kitty, after its sizzling stock debut in Hong Kong.

SCMP.COM

Investors double down on tech stocks in massive DoorDash, Airbnb, C3.ai IPOs – TechCrunch

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. Maybe it is a stock market bubble, or a tech-stock bubble at least. And maybe DoorDash, Airbnb and C3.ai and their bankers should have priced higher regardless to take advantage of all […]

TECHCRUNCH.COM

Korea's Hyundai buys popular Robot Dog maker Boston Dynamics from SoftBank

Boston Dynamics also produces the popular humanoid robot, Atlas.

BEAMSTART.COM

Salesforce is buying Slack for $27.7 billion

The company has been suffering intense pressure from competition

BEAMSTART.COM

TikTok owner, ByteDance launches search app to fight Baidu.

Over 1.5 billion users around the world use ByteDance services.

BEAMSTART.COM

Most business cards are thrown away, but this QR code tool changes everything.

People can now create special QR codes that save contacts automatically to phones when scanned.

BEAMSTART.COM

ScaleUp Malaysia Accelerator to invest RM200,000 into 10 of these 20 shortlisted companies.

These companies will enter the first cohort of their accelerator program.

BEAMSTART.COM

Foreign investments in Philippines decrease further in August.

Foreign investments since January are 40% lower compared to the same period last year.

BEAMSTART.COM

5 cool gadgets you'll find only at Global Sources

Some seem silly, but they're also practical

BEAMSTART.COM

Google buys Fitbit for US $2.1 billion

The wearables market is a US $25 billion industry.

BEAMSTART.COM

Foodpanda's app ratings have dropped from 4* stars to 1* star due to angry users.

Riders went on strike in the past week due the introduction of a new payment scheme.

BEAMSTART.COM

Facebook launches Horizon, a new massive-multiplayer VR game.

An entirely new virtual world for social networking.

BEAMSTART.COM

Sept 11 Digest: Grab to launch Singapore-Philippines remittance services by year end.

Gojek launches own accelerator, Gojek Xcelerate; TikTok focusing on US, Japan, and India.

BEAMSTART.COM

Gojek introduces GoGames to serve Indonesian gamers.

GoGames is an ecosystem of content, features, and payments for gaming and esports enthusiasts..

BEAMSTART.COM

Weekend News Digest: Facebook launches dating feature in the US; Alibaba leads the world with 322 blockchain patents;

Grab plans USD 150 million AI research to speed up regional growth; Singapore health tech startup CXA Group seeks to raise US$50m

BEAMSTART.COM

Business Happy Hour events to be held in Malaysia, Singapore, Philippines, and Thailand

Bringing together CEOs, Investors, and a network of Valuable Business Connections

BEAMSTART.COM

BEAM rebrands as BEAMSTART; to focus heavily on SouthEast Asia SME digitalization.

Via technology services, talent solutions, and cross-border commercialization.

BEAMSTART.COM

First Esports Company begins trading on Nasdaq

Investors are beginning to carefully watch this space.

BEAMSTART.COM

50Gram raises 6 figure seed funding from TBV Capital

The company did over RM2 million in turnover this year.

BEAMSTART.COM

Today in News: iCard is coming? Casio will stop making digital cameras

Ant Financial is raising $10 billion ahead its IPO, Tesla crash killed 2 young students.

BEAMSTART.COM

RoundUp by OpenMinds Resources Aims To Help Startups Understand Their Customers Better

By consolidating data across multiple platforms into one single, simplified dashboard.

BEAMSTART.COM

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