Money

Cathay Financial, Indovina Bank, Finaxar tie-up to improve SME financing in Vietnam

VIETNAM’S small and medium enterprises (SMEs) can now access up to 500 million dong (S$29,220) in funds online, under a new cross-border partnership to improve access to SME financing.

US cloud provider 8x8 buys Singapore’s Wavecell for US$125m in cash, stock

WAVECELL, a privately held communications platform-as-a-service (CPaaS) provider based in Singapore, has been acquired by New York-listed 8x8 for around US$125 million in cash and stock, marking...

Is Singapore's venture capital funding starting to decline?

THE year 2019 has been a big one for initial public offerings (IPOs), with Uber, Lyft, Pinterest and Slack receiving some of the highest valuations. But these big IPOs have distracted the media...

Tickled Media raises up to US$30m in Series C funding; sets eyes on Africa expansion

TICKLED Media, the startup behind parenting portal theAsianparent, is now eyeing the African parent community with the backing of Chinese corporate giants Fosun International and JD.com.

Go-Jek snags investment from Thailand's largest lender

[SINGAPORE] Ride-hailing giant Go-Jek has secured an investment from Siam Commercial Bank, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder, according to people...

Datapulse taking 5% stake in Bay Hotel Singapore for $12.1m

Datapulse Technology is buying a 5 per cent stake in Bay Hotel Singapore for about $12.1 million, the disk producer said.

Singapore-backed AI startup Taiger wins US$25m from investors

[HONG KONG] Taiger, a Singapore-backed artificial intelligence (AI) startup whose clients include Bank of America, AIA Group and Banco Santander, has raised US$25 million of funding for its...

China's venture capital boom shows signs of turning into a bust

CHINA went through a five-year surge in venture capital (VC) investment that fostered a new generation of startups from ride-hailing giant Didi Chuxing to TikTok-parent Bytedance Ltd. Now the boom...

Chinese tech company seeks US$500m to prepare for tough times

[HONG KONG] Tencent Holdings Ltd.-backed grocery delivery startup Missfresh is seeking up to US$500 million of new funding to help tide it over tougher times, according to people familiar with the...

Asia leads global VC arena with US$129b in deals for 2018: Preqin

ASIA surpassed North America in Venture Capital (VC) deals in 2018, recording US$129 billion worth of deals for the year, as opposed to North America's US$113 billion, a report by alternative...

 

 

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