Startups

Carousell to merge with 701Search, valuing Singapore start-up at over $1.16 billion

SINGAPORE - Online marketplace operator Carousell has agreed to merge with 701Search, the classifieds firm owned by Norwegian telco Telenor Group, in a deal that values that Singapore-based start-...

Eastern Pacific, Techstars launch maritime startup accelerator

SINGAPORE ship management company Eastern Pacific Shipping (EPS) has partnered US-based seed accelerator Techstars to roll out a global early-stage maritime accelerator programme.

Airbnb lobbies local Japan governments to ease curbs for Olympics

[TOKYO] Airbnb Inc said on Tuesday it is lobbying local governments in Japan to ease curbs on short-term home rentals during next year's Tokyo Olympics, seeking to counter a thicket of rules...

Spotify-backer Northzone raises US$500m for new investments

[LONDON] Venture capital (VC) firm Northzone said it raised US$500 million to create its ninth fund for investing in startups across Europe and the US, following lucrative early bets on companies...

WeWork under probe by New York attorney general as job cuts loom: Sources

NEW YORK (REUTERS) - The New York State Attorney General (NYAG) is investigating WeWork, according to two people familiar with the matter, adding to a mounting series of problems that have turned...

Battle for China's meatless market heats up

[BEIJING] US plant-based "meat" makers targeting China like Impossible Foods and Beyond Meat Inc will need to battle homegrown rivals which are developing local favourites such as dumplings and...

WeWork may lay off 4,000 employees across global operation

NEW YORK • WeWork is preparing to cut at least 4,000 people from its workforce as it tries to stabilise itself after the company's breakneck growth racked up heavy losses and led it to the brink...

Asia Partners banks on 'Golden Age' from rising affluence of the middle class

THRONGS of firms have sprung up to follow the scent of South-east Asia's burgeoning startup scene. Asia Partners, one of the new investors in town, wants to capitalise on what it calls the "Golden...

SoftBank's second Vision Fund starting life smaller than the first

SOFTBANK Group Corp has quietly completed an initial money-raising push for its second technology fund, at a fraction of its targeted US$108 billion.

Rising number of tech grads set to plug gap in sector

The number of local university graduates from technology-related courses is set to grow by two-thirds by 2022, which experts say will go some way towards plugging the gap in the sector.

Digital health provider expands AIA tie-up

Digital health provider WhiteCoat is expanding its partnership with AIA to provide on-demand telemedicine services to customers of AIA's Integrated Shield plan.