ShopsUp, a virtual shopping buddy which empowers customers to find the best local fashion and shopping spots has raised US$1 million in its seed funding round from two individual investors, one of which is the former president of Huawei.

After purchasing Groupon Indonesia in August, KFit Group now acquires the company's Malaysian operation as it pivot to become a full-fledged online-to-offline (O2O) platform.

US shoppers went all out on the festivity as Black Friday shopping has yet again surpassed its own milestone with an Adobe report tracking US$3.34 billion from the holiday sales.

Philippines‘ Jollibee buys out partner stake in China-based food Joint Venture Happy Bee for US$10.4 million.

China's largest travel site, Ctrip to buy Skyscanner with deal valuing the British travel-search company at US$1.74 billion,

Malaysia's MaGIC, Uber and Digi have launched a six-day program for the top 20 shortlisted startups to learn how to develop key aspects of their future business.

HTC Corp recently signed a strategic partnership with Shenzhen municipal government in China, creating a RMB10 billion (about US$1.5 billion) investment fund, and a research center to boost virtual reality developments.

The Japan-based developer, Seven Dreamers, announced last Monday that the startup has secured 6 billion yen (around US$ 60 Million) in funds from SBI Investment, in addition to Panasonic and Daiwa House.

The Securities and Exchange Commission (SEC) on Friday has approved Shakey's Pizza Ventures Inc's plan of initial public listing (IPO) at a stock exchange from which the pizza franchise is expected to raise up to P5.5 billion (about US$113 million).

Malaysian food delivery startup, Dah Makan is looking for a larger funding round with global venture capital firms in order to upgrade their technology and improve their user experience.