Everledger’s Kemp and Omise’s Hasegawa join TC Blockchain

Blockchain technology and the decentralizing effects of distributed ledgers have enormous amounts of potential and may mean the Internet will never be the same again. The fact that one could eventually run vast applications without any servers is equally transformational. But it’s still very much a wild west out there in terms of ascertaining who […]

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Microsoft signs its first renewable energy deal in Asia with Singaporean solar firm Sunseap

 As part of its goal to use more renewable energy in its datacenters, Microsoft said it has entered an agreement with Singapore-based clean energy firm Sunseap. The value of Microsoft’s investment was not disclosed, but an announcement today said it will create “the single-largest solar energy portfolio in Singapore to date.” Read More

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Uber rival Grab acquires Indian startup to bulk up its mobile payment platform

 Grab, Uber’s main rival in Southeast Asia, is continuing to develop its mobile payment strategy after it announced the acquisition of India-based startup iKaaz. The deal — which is undisclosed — will see iKaaz’s engineering team join the Bangalore-based engineering office which Grab opened last year. The firm declined to say how many new recruits are moving over… Read More

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Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai

 Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the Singapore-based firm raised a massive $2 billion led by SoftBank and China’s Didi Chuxing last July with plans to extend the round by a further $500 million. Back in August, it… Read More

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Baidu and AMI launch Southeast Asia joint venture and $200M fund

 Baidu teamed up with Asia Mobility Industries to launch a new Singapore-based mobility venture fund, called “Apollo Southeast Asia.” This will also help establish a foothold for Baidu to pursue commercialization of its autonomous driving platform in the region, and source strategic partners for its deployment. Read More

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WeWork banks on a local approach and Powered By We to crack Southeast Asia

 WeWork charged into Asia two years ago but it finally moved into Southeast Asia in the second half of 2017 through the acquisition of SpaceMob and the opening of its first space in Singapore — which became number 200 worldwide. Now, the company is relying on a formula with two key focuses to further its push and conquer the co-working space in this emerging region. Consumer… Read More

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Teabox raises $7M for its global tea-commerce business

 Teabox, the company pioneered the concept of selling tea to direct to consumers online, has served up $7 million in fresh funding to grow its five-year-old business.
This new infusion of capital — last tea joke, I promise — is a Series B round that takes Teabox, which has head offices in India and Singapore, to just shy of $15 million in funding to date. The round was led by… Read More

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Techstars is launching its first accelerator program in Asia in partnership with Rakuten

 Techstars is bringing its global accelerator program to Asia for the first time in partnership with Japanese e-commerce giant Rakuten and its chat app Viber. The companies will run a three-month program in Singapore starting in July, according to a joint announcement made today. The focus will be on social messaging and, in particular, technologies and startups that align with Viber, the… Read More

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Amazon launches its Prime membership service in Singapore

 Amazon is increasing its focus on Southeast Asia after the e-commerce giant launched its Prime service in Singapore. The U.S. firm landed in Singapore, its first market in Southeast Asia, in July initially offering Prime Now, its e-commerce service with an aggressive two-hour delivery window. From this week, however, it is offering its full Prime bundle which includes free international… Read More

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Tech In Asia raises $6.6M led by Korean conglomerate Hanwha

 Tech In Asia, the Singapore-based media and events startup, has closed $6.6 million in fresh funding. The lead investor is a name that may not be too familiar to regular readers (yet) and that’s Hanwha, a Korean conglomerate which started out in explosives in 1952 but has since expanded into a range of verticals including (now) a focus on tech in emerging markets. With $55.5 billion… Read More

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