Baichuan, a Chinese AI startup, has successfully secured $300 million in financing, with Alibaba Group Holding Ltd., Tencent Holdings Ltd., and Xiaomi Corp. leading the investment. This funding round is said to be a prominent investment in the Chinese AI industry, as startups like Baichuan plan to capitalize on the growing demand for ChatGPT-like services. ... Read more ›
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UwUFUFU, a South Korean data platform targeting Gen Z and Millennials, has gained 1.1 million monthly active users (MAU). Reportedly, each month, users participate in over 2.7 million quizzes. Its 568% year-to-date growth shown by the platform is one of the highest amongst its industry peers. UwUFUFU‘s presence extends to TikTok, where its augmented reality ... Read more ›
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The Gyeonggi provincial government announced that it plans to create a total of 660,000 square meters of startup business space in more than 20 regions, centered around Pangyo Techno Valley, and support 3,000 startup companies by 2026. On October 12, the Gyeonggi Provincial Government held the “Startup Vision Declaration and Win-Win Partnership Agreement Ceremony” at ... Read more ›
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Vietnamese biometric sensor and robotic prosthetics developer Vulcan Augmetics has secured undisclosed seed funding from Singapore-based venture capital firm Quest Ventures. Vulcan Augmetics specializes in creating customizable modular robotic prosthetics, harnessing the power of proprietary machine-learning software to enhance accessibility and affordability for amputees, particularly in underserved regions across the developing world. The startup aims ... Read more ›
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The global events and meetings industry is a powerhouse, driving billions of dollars in economic activity with countless business opportunities. The dynamic tech landscape is continually reshaping the way we approach business events. Founded by Younghak Ahn, EVENTUS is not just another startup; it’s a tech force rewriting the script for business events, and its ... Read more ›
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The Digital Open Lab, an epicenter for digital innovation, is the cornerstone for startups diving into artificial intelligence and ICT. Located within Pangyo Techno Valley, it is the foundation for startups aiming at global reach. According to the “AI Market – Global Forecast to 2030” report by the global research firm Markets and Markets, the ... Read more ›
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Courier startup J&T Global Express is preparing for an initial public offering (IPO) in Hong Kong to achieve an approximately $13 billion valuation. The company, which originated in Indonesia and has since expanded its footprint across Southeast Asia and China, had initially aspired to raise $1 billion in its IPO. However, after discussions with potential ... Read more ›
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Singapore’s Jungle Ventures has announced the launch of First Cheque@Jungle, a new program aimed at investing in startups during their pre-seed and seed stages. First Cheque@Jungle is designed as a bespoke program targeting operators and innovators at the idea stage and those seeking support in their pre-seed and seed stages. The First Cheque program plans to ... Read more ›
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Over the last decade, the landscape of venture investing in the U.S. has undergone transformations, and this evolution has not escaped the keen eyes of tech investors. Team Asia Daily spoke one such venture capitalist Jessie Wu, an early-stage investor at Upshot Ventures, in an exclusive interview, shedding light upon her investment journey while paving the ... Read more ›
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Chinese electric vehicle (EV) startup WM Motor has officially filed for bankruptcy. The Shanghai Third Intermediate People’s Court has processed the bankruptcy application, as disclosed in a recent announcement on the national enterprise bankruptcy information platform. WM Motor, once considered a promising contender among China’s EV manufacturers, is now navigating the challenging terrain of bankruptcy ... Read more ›
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The Singapore-based tech subscription service Circular has secured $7.6 million in seed funding. The funding round was led by venture capital firm AirTree Ventures from the investment landscape. Additional participants in the round included YC Continuity Fund, Global Founders Capital, Partech Ventures, and January Capital. Circular operates as a high-end electronics subscription platform catering to ... Read more ›
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Indonesia-based venture capital firm East Ventures and Seoul-based venture capital firm SV Investment have joined forces to establish a new fund targeted at $100 million. The primary goal of this fund is to promote investment opportunities and collaboration between Southeast Asia and South Korea, bridging the gap between the two dynamic tech ecosystems. This fund’s ... Read more ›
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Indonesian fintech lending platform Investree has secured a substantial €220 million (approximately $230.8 million) in a Series D funding round, marking a significant milestone for the company. Qatar’s JTA International Holdings spearheaded the funding round and saw participation from established investor SBI Holding, further underlining Investree’s prominence in fintech. The financial boost comes as Investree ... Read more ›
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According to the “2022-2024 Global Semiconductor Revenue Forecast” report released in April 2023 by Gartner, a global IT research and consulting firm, the semiconductor market is expected to decline in 2023 due to declining demand for electronic products and oversupply of semiconductors. However, it is predicted that revenues will reach approximately $630.9 billion in 2024, ... Read more ›
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CMCC Global, a prominent venture capital firm specializing in crypto and blockchain, has recently secured US$100 million for its newly inaugurated Titan Fund. With a primary focus on nurturing early-stage Web3, startups will play a key role, especially in those rooted in Asia and Hong Kong. The inaugural funding round, which concluded successfully last Wednesday, ... Read more ›
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The search market is changing. When you type in a single word, you get a huge amount of data in various forms, such as dictionary definitions, videos, and blogs. Today, however, services that simplify search results and provide customized information that users actually want are growing rapidly. Even in Korea, the market share of search ... Read more ›
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EdgeCortix, a Japan-based fabless semiconductor development and design company specializing in edge artificial intelligence (AI), announced the successful conclusion of its $20 million funding round. EdgeCortix has also partnered with Renesas Electronics Corporation, a prominent provider of advanced semiconductor solutions. Leading this financing endeavor were Japan’s venture capital firm, SBI Investment Co. Ltd., and Global ... Read more ›
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In an age where everyone is suffering from information overload, generative AI is seen as only amplifying the overwhelming amount of content in our feeds. But what if it also held the solution to this problem? This was what serial entrepreneur Ian Mendiola is trying to achieve with his GenAI-powered news summary app, Gem. “We ... Read more ›
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MADCash, the Malaysian fintech startup specializing in zero-interest micro-funding for women entrepreneurs, has successfully concluded its pre-Series A funding round with a RM 5 million investment. Artem Ventures led the investment charge, with contributions from MSW Ventures and the ScaleUp Founders Fund. With the funding, MADCash aims to empower women entrepreneurs who are often unbanked ... Read more ›
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Singapore-listed Vertex Technology Acquisition Corp., a special purpose acquisition company, is set to become the city-state’s first blank-check firm to acquire a target, with a proposed merger with Taiwanese live streaming platform 17Live Inc. The deal, valued at S$925.1 million ($676 million), was announced by Vertex in a statement on Monday. The move is the ... Read more ›
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Most popular sources
Business Insider
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30% 5 |
Wired
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9% 6 |
The Verge
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7% 0 |
Android Authority
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6% 2 |
Tech Wire Asia
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6% 5 |
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27.11.2024 03:33
Last update: 03:26 EDT.
News rating updated: 10:20.
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