Ant-backed Akulaku raises US$100M from Japan’s MUFG
The capital infusion counts because the second strategic funding closed by the Indonesia-based firm this yr, following the US$100M funding it raised from SCB firstly of this yr.
Line Man Wongnai in talks to purchase Foodpanda’s Thai unit
A Bloomberg report says that Foodpanda Thailand, owned by Supply Hero SE, was beforehand valued at US$100M however the potential deal measurement might have been trimmed as a consequence of market headwinds.
Tencent chief blasts managers in fiery townhall: sources
Founder Pony Ma instructed workers many corruption points had been found throughout the firm and mismanagement was draining its vitality; Tencent reported a second straight quarterly income drop final month.
Hyphen Group secures US$22M in funding led by PCCW
The fintech agency concurrently introduced that its CEO Sam Allen has stepped down; Headquartered in Hong Kong and Singapore, Hyphen has reached 8M+ month-to-month customers and partnered with over 270 monetary establishments.
Indonesian B2B development startup BRIK mentioned to finalise US$12M funding
It’s in talks for pre-Sequence A spherical with AC Ventures, Accel, and B Capital; In July, BRIK raised US$3M from AC Ventures, Accel, and Alternate Ventures.
ALVA raises US$10M from Normal Chartered Indonesia
The capital will assist ALVA, a subsidiary of IDX-listed Indika Vitality, produce electrical bikes to construct sustainable practices inside its provide chain techniques.
Singaporean Alchemy Foodtech nets US$3M in prolonged bridge spherical
The buyers embrace Thai President Meals, Pine Enterprise, Thai Union, Heritas, and SEEDS Capital; Alchemy Foodtech supplies tasty, more healthy meals choices that cut back the detrimental affect of extra carbs and sugar on folks’s well being.
Baidu expands driverless robotaxi service in Wuhan
Baidu’s automobiles are geared up with multi-layer applied sciences equivalent to redundancy monitoring, distant driving, and a security operation system; These mechanisms are backed by the agency’s over 32M kilometres of self-driving mileage.
Vietnamese on-demand warehousing platform Wareflex closes pre-seed spherical
Genesia Ventures and Antler are the buyers; Wareflex has a community of over 100 warehouses throughout Vietnam and supplies versatile warehouses of all sorts on a pay-per-use foundation.
YouTrip’s 4 steps to make sure monetary resilience throughout disaster
The funds startup’s CFO Weijern Lim additionally shares the corporate’s expertise in making use of for grants, a superb various to VC funding for startups.
Local weather conferences received’t save us: Sparking techniques change that advantages us all
Everybody can and may play an element, there’s a distinctive and worthwhile half each can play in advancing the local weather combat.
What’s the future regulation of crypto?
With out the institution of constant worldwide guidelines, clients’ property can’t be protected, and the crypto asset business can’t be additional developed.
Anticipating 2023: What’s on our radar
As an entrepreneur, you should all the time be available to pivot to new modifications as a result of the enterprise surroundings will continuously evolve.
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