Southeast Asia Volanews

SINGAPORE RIDE-HAILING Grab

Grab to launch geo-mapping services in Indonesia this year amid EV push Southeast Asian ride-sharing firm Grab is targeting to launch its high definition (HD) mapping in the region’s most populous market, Indonesia, this year.

by DealStreetAsia

2020-01-21

SINGAPORE FINTECH Kristal.AI

SG’s digital wealth manager Kristal.AI raises $6m in Series A round Kristal.AI is a digital wealth platform offering holistic wealth management solutions to its clients.

by DealStreetAsia

2020-01-21

SINGAPORE Biotechnology TurtleTree

Singaporean biotech startup TurtleTree secures pre-seed from Saudi entrepreneur Prince Khaled bin Alwaleed TurtleTree uses technology to create real milk from animal cells without requiring the animal.

by e27

2020-01-21

THAILAND E-COMMERCE Pomelo

Pomelo accelerates growth by acquiring fashion e-commerce platform Looksi Formerly known as Zalora Thailand, Looksi will have its platform and social media presence being merged into Pomelo ecosystem.

by e27

2020-01-21

INDONESIA IoT Roambee

US-based IoT startup Roambee receives Series B1 investment from Indonesia’s TMI, MDI Ventures The VC capital arm of Indonesian network provider Telkomsel collaborates with fellow CVC MDI Ventures in investing out of its US$40 million-joint fund with Singtel Innov8.

by e27

2020-01-21

MALAYSIA 5G POLICY

Malaysia on track for commercial 5G rollout by Q3 Prime Minister Mahathir Mohamad is hoping the technology will propel the country into a developed nation by 2035.

by bangkokpost

2020-01-21

VIETNAM RIDE-HAILING POLICY

Vietnam finalises regulations for taxi operators, ride-hailing firms The decree will take effect from April 2020.

by DealStreetAsia

2020-01-20

MALAYSIA Healthcare Affinity Partners

Buyout firm Affinity Partners weighs sale of Malaysia’s Island Hospital Island Hospital, founded in 1996, has 300 beds with over 50 full-time specialists who treat more than 300,000 patients a year, according to its website.

by DealStreetAsia

2020-01-20

INDONESIA ENTERTAINMENT Telkom Indonesia

Telkom Indonesia’s Faisal Djoemadi and Joddy Hernady on blocking Netflix and monetization from video games As new revenue sources emerge, so does Telkom’s business strategy.

by kr-asia

2020-01-20

INDONESIA VC SOFTBANK

Softbank offers to invest USD 40 billion in Indonesia’s new capital The construction of the new capital will start later this year.

by kr-asia

2020-01-20

INDONESIA RIDE-HAILING GOJEK

Being less capitalized player puts Gojek in good shape in pursuit of profitability, say execs Since it was founded in 2010, Gojek has raised a total of just over $3 billion of capital in 12 rounds.

by DealStreetAsia

2020-01-19

SINGAPORE E-COMMERCE theAsianparent

theAsianparent onboards ex-Mumbrella Asia GM Dean Carroll to drive offline initiatives for brands, communities Dean Carroll is brought on board to “diversify the business into experiential marketing and offline spaces for theAsianparent’s community of parents”.

by e27

2020-01-19

THAILAND RETAIL Central Retail

Singapore’s GIC, Capital Research investing in Thailand’s Central Retail IPO The IPO, first announced in July, comes after Thailand took the top IPO ranking in Southeast Asia in 2019 with $4 billion in fundraisings.

by DealStreetAsia

2020-01-19

US FINTECH MORGAN STANLEY

Morgan Stanley to hire dozens in HK, Singapore to boost wealth business The New York-based bank is looking to add 30 to 35 private bankers in the two cities this year.

by DealStreetAsia

2020-01-19

INDONESIA Industry INVESTMENT

Indonesia set to become Southeast Asia’s biggest stock market Indonesia, Southeast Asia’s largest economy, is finally poised to take the title of the biggest equity market in the region.

by DealStreetAsia

2020-01-17

SINGAPORE FOOD Temasek

Temasek joins $225m funding round for almond milk maker Califia Farms It plans to use the money raised from the latest funding to launch more plant-based milks and expand its line of oat products, a growing category in the plant-based market.

by DealStreetAsia

2020-01-17

INDONESIA E-COMMERCE Moladin

Motorcycle e-commerce Moladin raises pre-series A round led by East Ventures, to build auto mortgage loans Moladin is Indonesia-based motorcycles e-commerce and aims to become a “one-stop automotive platform”.

by e27

2020-01-17

THAILAND Pomelo

Thai fashion platform Pomelo appoints former H&M executive as Chief Retail Officer Pomelo pulls in experience from Swedish multinational clothing-retail company H&M for retail expansion.

by e27

2020-01-17

INDONESIA OTA Traveloka

Indonesia’s Traveloka partners with state lender BNI for PayLater service More traditional banks are venturing into Indonesia’s PayLater segment.

by kr-asia

2020-01-16

SINGAPORE E-COMMERCE StoreHub

StoreHub set for SEA expansion after securing US$8.9M in Series A+ round Co-founder of StoreHub, Wai Hong Fong, believes that e-commerce will continue to grow as the region experiences a shift driven primarily by technology.

by e27

2020-01-16