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Regulations — 29 Feb 2024

Indonesian tech giant GoTo and its Chinese-owned partner TikTok are on track to fully comply with Indonesia’s regulations banning in-app transactions on social media platforms. According to GoTo’s CEO, compliance is expected to be reached within the next six weeks. The announcement, made on Wednesday, aims to ensure that GoTo and TikTok operate in accordance […]

Financial Technology — 21 Feb 2024

Transparently.ai, headquartered in Singapore, has secured an investment from Franklin Templeton as part of its entrance into the asset manager’s FinTech Incubator program. The investment comes as the AI company, specializing in identifying accounting fraud, announced its successful pre-Series A funding round of US$3 million. With a focus on combating financial crime, the collaboration with […]

Crypto — 19 Feb 2024

Japan’s cabinet has given the green light to a bill that permits investment funds and venture capital firms in the country to hold cryptocurrency assets, according to an announcement from the Ministry of Economy, Trade and Industry on Friday. The decision comes as Japan aims to ease restrictions on venture capital crypto investments, enabling these […]

Startup — 15 Feb 2024

Chowis Company, a developer of skin, hair and scalp analysis solutions in South Korea, is introducing personalized hair diagnosis and management services in India through a new collaboration with L’Oréal Professionnel Paris. Chowis’ technology in scalp and hair analysis utilizes a smartphone-cradled hair analyzer called the Dermopico which can be easily attached onto a mobile […]

Investments — 31 Jan 2024

Vietnamese startup BlokID, specializing in blockchain-driven privacy protection solutions, recently secured $1.25 million in a seed funding round. The financing, led by Ascend Vietnam Ventures and AppWorks, is expected to boost their product development and expand market reach.  BlokID plans to launch its services by the second quarter of 2024, with a focus on empowering […]

SpaceTech — 11 Jan 2024

Orienspace, a Beijing-based startup, successfully launched the most powerful rocket developed by the Chinese private sector. The Gravity-1 rocket took off from a marine platform in the Yellow Sea. Traditionally, commercial launches have been dominated by the country’s state agencies, whereas Orienspace’s launch is a new era for private companies in the Chinese space sector. […]

Deals — 2 Jan 2024

Chinese venture capital firm GBA Capital has unveiled plans to allocate $10 billion for a Web3 fund with a focus on supporting startups in virtual reality, the metaverse, and non-fungible tokens (NFTs).  The announcement was made during the Guangdong-Hong Kong-Macao Greater Bay Area Digital Economy Development Conference held on December 26. GBA Capital aims to […]

Governments — 24 Oct 2023

Pangyo Techno Valley in Seongnam City is a global R&D hub of IT, BT (biotechnology), CT (cultural technology) and NT (nanotechnology), where R (research), P (people), I (information) and T (trade) all come together. Pangyo Techno Valley is Korea’s flagship business cluster established with the goals of technological innovation, talent development, job creation, strengthening global […]

Robotics — 16 Oct 2023

Vietnamese biometric sensor and robotic prosthetics developer Vulcan Augmetics has secured undisclosed seed funding from Singapore-based venture capital firm Quest Ventures.  Vulcan Augmetics specializes in creating customizable modular robotic prosthetics, harnessing the power of proprietary machine-learning software to enhance accessibility and affordability for amputees, particularly in underserved regions across the developing world. The startup aims […]

Governments — 26 Sep 2023

Malaysia’s Ministry of Science, Technology, and Innovation (Mosti) plans to push emerging technology and promote Science, Technology, Engineering, and Mathematics (STEM) education within the framework of Budget 2024. Minister Chang Lih Kang has outlined these focus areas in Mosti’s budgetary proposals. The initiative signaled Mosti’s plans to support innovation and technological advancement within Malaysia, particularly […]

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