Unicorn
Thailand finally got its first fintech unicorn
Thai fintech startup Ascend Money, whose investors include Alibaba affiliate Ant Group and Thailand’s privately-owned conglomerate Charoen Pokphand Group, after a recent financing round...
Alibaba, Brunei invest in Singapore logistic firm Ninja Van
Singapore-based logistics startup Ninja Van has raised $578 million in a new funding round backed by China’s e-commerce giant Alibaba Group and the Brunei...
E-cigarette startup wants to become Malaysia’s first unicorn
Vaping has become popular in Malaysia and abroad
Malaysian e-cigarette maker NSTY Worldwide, doing business as Nasty, seeks...
Singapore online car sales startup Carro gets $360 million from SoftBank, venture funds
Online car sales portal Carro, founded and headquartered in Singapore and also operative in Indonesia, Malaysia and...
E-commerce logistics startup becomes Thailand’s first unicorn
Thailand’s logistics services provider for e-commerce, Flash Group, after successful funding rounds has become the country’s first...
First Philippine startup valued at more than $1 billion
In what can be seen as a major milestone for the Philippine startup sector, an innovative Makati-based company creating prefabricated designer homes became the...
Latest
Indonesia halts license issuance for fintech lenders to rein in digital loan sharks
Indonesia’s President Joko Widodo on October 15 ordered to halt license issuances for financial technology companies whose business entails digital lending to consumers and...
Stories of the week
Indonesian rupiah expected to outperform Asian currencies through end-2021
Indonesia’s currency, the rupiah, is likely poised to become Asia's best-performing currency for the rest of the year as rising commodity prices are pushing...