Economy

MVCA joins ASEAN Venture Council to bolster growth in regional VC industry

ASEAN Venture Council (AVC) welcomes Malaysia as its fourth member country.

NRF Singapore sets up Data Science Consortium and AI program with US$107 million investment...

Both initiatives are aimed to bring together the government, academia, research institutes and industry to develop artificial intelligence capabilities in frontier technologies.

P&G partners EDB to launch US$100 million digital innovation centre in Singapore, its first...

P&G and EDB will set up an e-center in Singapore to boost digital capabilities and strengthen partnerships with SMEs to co-develop new solutions.

MAS and Abu Dhabi Global Market in collaboration to boost fintech innovation

The Monetary Authority of Singapore (MAS) and the Abu Dhabi Global Market (ADGM) on Wednesday signed an agreement to foster closer cooperation on developments and initiatives that nurture financial technology entrepreneurship and support innovation in financial services in both countries.

South Korean home cleaning startup Miso launches on demand moving-out cleaning service

South Korean home cleaning startup Miso launches the on demand moving-out cleaning service beginning March in three major cities in South Korea - Seoul, Incheon, and Gyeonggi-do.

Indonesian Kejora Ventures announces first close of US$80 million fund for growth-stage startups in...

Indonesia-based VC firm Kejora Ventures has announced on Wednesday news regarding the first close of its Kejora Star Capital II Fund, which is targeted...

China establishes US$1.44 billion Asia Fintech Fund of Funds (FOF) focusing on M&A deals

Asia Fintech Fund of Funds (FOF), a foundation that targets financial and tech mergers and acquisition (M&A) in Asia has been established with funds of US$1.44 billion.

Galaxy Holdings, Puji Capital announces joint venture platform to back foreign businesses in Shenzhen

Galaxy Holdings and Puji Capital has recently formed a strategic joint venture to provide investment capital and act as a business incubator for foreign companies entering the China market. They will invest in more than 10 startups across mobile gaming, media technology and consumer hardware.

Dasin Retail Trust seeks Singapore IPO to raise US$84.5 million

Chinese mall business, Dasin Retail Trust is looking to raise at least 586.4 million yuan (about US$84.5 million) in its initial public offering on the Singapore Exchange (SGX) mainboard.

Healthcare startup, eBeeCare to expand into India and China in 2017

eBeeCare, a healthcare startup is leveraging the rise of MedTech in India and China.
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