China now has the title of the center for technological innovation, having a total of 369 unicorns, which are privately held startups valued at over $1 billion. According to a recent report, over 25% of these unicorns are involved in China’s artificial intelligence (AI) and semiconductor sectors. The report, titled the China Unicorn Enterprise Development […]

Singapore-based Health technology startup Thrixen has successfully secured an investment totaling US$7 million, as announced by its CEO Shavit Clein. The funding round was co-led by 22Health Ventures, an early-stage investor specializing in health technology, and John Ballantyne, co-founder of Aldevron, a prominent biotechnology company.  Thrixen intends to allocate these funds towards furthering the development […]

Thailand’s leading cryptocurrency exchange, Bitkub Capital Group, is gearing up to launch an initial public offering (IPO) by the close of 2025. The objective behind this move is to facilitate an expansion into the emerging markets of Southeast Asia, with a focus on countries like Cambodia, Vietnam, and Laos. Bitkub Capital Group’s founder envisions the […]

Bridgewise, an AI-based platform for analyzing global securities, has concluded a $21 million funding round led by SIX Group, with additional support from Group11, L4 Venture Builder, and other major financial institutions. This funding round brings Bridgewise’s total raised capital to $35 million. With its recent establishment of the Asia Pacific headquarters in Singapore and […]

Nibertex, a deep tech startup headquartered in Singapore and operating in the Philippines, has concluded a highly successful funding round, which was oversubscribed. This funding initiative was spearheaded by Foxmont Capital Partners, a venture capital firm based in the Philippines, with additional support from influential Southeast Asian families. With the backing of Foxmont Capital Partners, […]

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 […]

MindLogic, an AI startup based in South Korea, has secured 7 billion won in Series B funding, with investment from Lee Soo-man, the former chief producer of SM Entertainment. This makes Lee Soo-man’s investment in MindLogic 10 billion won.  Known for actively backing promising Korean startups in drones and biotech, Lee has chosen MindLogic as […]

The Hong Kong Science and Technology Parks Corporation (HKSTP) has announced the selection of the top 74 startups from a pool of over 600 contenders for its eighth annual Elevator Pitch Competition 2024 (EPiC 2024) Grand Finale, which will take place in Hong Kong on April 26, 2024.  These semi-finalists emerged from the inaugural four-city […]

OCBC Bank has introduced a new SME initiative for launch in April 2024, focusing on supporting women entrepreneurs in Singapore. The OCBC Women Entrepreneurs Programme aims to provide targeted financing solutions, facilitating the achievement of business objectives for female-owned SMEs. Women-led startups are eligible for up to S$100,000 in financing within their initial two years, […]

A former Google engineer, Linwei Ding, who was indicted by the US Department of Justice, faces allegations of stealing confidential AI technology while working for tech firms in China. The DOJ unsealed the indictment on Wednesday, charging Ding, also known as Leon Ding, with four counts of theft of trade secrets. The charges involve Ding […]