MUFG, also known as Mitsubishi UFJ Financial Group, and its subsidiary Mitsubishi UFJ Innovation Partners Co., Ltd. (MUIP) have jointly announced the establishment of the MUFG Innovation Partners No. 3 Investment Partnership, a fund with a capitalization of JPY 20 billion. MUFG has been actively engaged in various initiatives to meet the financial needs of ... Read more ›
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Data analytics is revolutionizing various sectors. From commerce, where it’s fine-tuning marketing strategies, to healthcare, where it aids in rapid advancements, data is key. The sports industry is no exception. Popularized by movies like “Moneyball”, featuring Brad Pitt, data-driven player selections are transforming teams with middling records into championship contenders. In Korea, data has enhanced ... Read more ›
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In a significant move, AIMMO, a leading AI data solutions provider, has successfully secured 14.4 billion won in its pre-IPO investment round. Esteemed investors, including NVESTOR, Korea Investment & Securities, DS Asset Management, S&S Investment, and E&invest, have shown their confidence in AIMMO by participating in this round. AIMMO’s flagship solution, AD-DaaS, specializes in providing ... Read more ›
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Web3-focused accelerators have emerged to offer specialized programs and resources, aiding startups in navigating the unique hurdles of this domain. The accelerators aim to address the recent decline in funding for Web3 startups in the past year, leading to challenges for emerging projects during their early stages. Among the venture accelerators committed to aiding entrepreneurs ... Read more ›
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The startup ecosystem, including Pangyo Techno Valley, is rapidly aligning with the ESG (Environment, Social, and Governance) trend. ESG embodies a company’s commitment to maintaining sustainable business practices, upholding core values, and transparently reporting non-financial performance metrics. Investors are increasingly gravitating towards businesses embracing ESG management. Their heightened interest is reflected not just in their ... Read more ›
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Venture capital firm 500 Global has successfully closed its 500 Southeast Asia III fund, amassing $143 million in capital. It is the firm’s largest early-stage fund dedicated to Southeast Asia. It serves as its primary investment vehicle for startups throughout the region’s growth journey, from pre-seed stages to the cusp of initial public offerings (IPOs). ... Read more ›
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Gyeonggi-do Business and Science Accelerator (CEO Kang Sung-cheon) is holding an online event to match global venture capital firms with innovative startup companies in Pangyo. The event is called “Pangyo x Silicon Valley: Bridging Innovations” and will be held on Friday, September 8th at the Gyeonggi Creative Center for Economy and Innovation building. This event ... Read more ›
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The Merah Putih Fund, an Indonesian government-backed venture capital firm, has successfully secured $300 million in the first phase of its inaugural fund. The initiative brings together five state-owned venture capital companies, each with a corporate focus. The companies include Mandiri Capital Indonesia, MDI Ventures from Telkom Group, BRI Ventures, BNI Ventures, and Telkomsel Mitra ... Read more ›
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The Domestic External Enterprise Storage System Market Forecast Report (2022-2026) expected that the Korean Internet Data Center will be worth KRW 840.2 billion won by 2026. As the business environment is going digital, cloud storage is prevalent not only in large companies but also in startups, using it to save files and share them. It ... Read more ›
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Pangyo 2nd Techno Valley is scheduled to be completed by the end of 2023. The 2nd Pangyo Techno Valley was constructed by Korea Land and Housing Corporation (LH) and Gyeonggi Housing and Urban Corporation (GH) on the sites of Siheung-dong and Geumto-dong, Sujeong-gu, Seongnam-si, Gyeonggi-do, with the industrial complex plan approved in November 2015. A ... Read more ›
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LINE MAN Wongnai and LINE Company (Thailand) Limited have acquired the shares of Rabbit LINE Pay Company Limited (RLP) from its previous shareholders, RabbitPay System Company Limited and Advanced mPAY Company Limited. The companies revealed the collaboration in a joint statement released on Thursday. This acquisition integrates RLP’s payment services more deeply within the LINE ... Read more ›
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Indonesian digital bank Superbank, supported by Grab, Singtel, and Emtek Group, is collaborating with Singapore’s Genesis Alternative Ventures to offer a financing package of $40 million for startups in Indonesia. Through a joint announcement, the entities unveiled their intention to combine conventional bank credit with venture capital investment, all while ensuring minimal equity dilution for ... Read more ›
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The tally of recognized startups and acquisitions, burgeoning to 84,012 in 2022 from a mere 452 in 2016, is a testament to the positive impact of investment incentives and simplified business regulations, as highlighted by the Economic Survey 2022-23. As we embrace 2023, the Southeast Asian startup landscape is abuzz with anticipation surrounding cross-border acquisitions ... Read more ›
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Indonesian coal mining firm TBS Energi Utama Tbk (TOBA), has successfully acquired Asia Medical Enviro Services, a leading medical waste treatment startup based in Singapore. The transaction was carried out through one of TOBA’s subsidiaries. With this move, TBS Energi Utama plans to diversify its business portfolio beyond coal mining. Asia Medical Enviro Services, Singapore’s ... Read more ›
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If you are taking a stroll through the bustling Nihonbashi district of Tokyo, you might come across Fujin Tree – Taiwanese Cuisine & Champagne, a restaurant showcasing a brilliant fusion of Taiwanese delicacies with a touch of French elegance. Meanwhile, 2,000 kilometers away in Taipei, the super-popular Tokyo hamburger steak brand Hikiniku To Come has ... Read more ›
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The semiconductor sector is gaining global prominence with powerhouses like the United States, China, and Japan in a race to dominate the industry. The US even enacted legislation in 2022 to bolster its national semiconductor industry. Amid this competitive landscape, Uniqconn Inc., a fast-emerging global semiconductor firm located in Seongnam Pangyo Techno Valley, is making ... Read more ›
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In its recent Series A funding round, Vietnamese fintech platform MFast has successfully raised US$6 million. Wavemaker Partners, an early-stage venture capital firm with offices in Los Angeles and Singapore, led the funding. New investors include Headline Asia, based in Tokyo, and Finnoventure Fund I. MFast operates under the umbrella of Vietnam-based startup DigiPay. The ... Read more ›
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VNG, Vietnam’s first unicorn, will become the country’s first technology company to list in the US publicly. Sources cited by Reuters reveal that VNG had initially entered a preliminary agreement with NASDAQ in 2017 to explore the possibilities of an IPO. According to Reuters, Vietnam’s VNG has announced its intention to raise $150 million through ... Read more ›
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The Pangyo Techno Valley, Korea’s representative game valley, is growing into a content & culture complex, hoping to become a ‘pump-priming’ for the Korean gaming industry. Pangyo Techno Valley, fondly known as Korea’s game valley, is a burgeoning epicenter for the gaming industry. It’s the operational base for gaming juggernauts like NCSOFT, Neowiz Games, WEMADE, ... Read more ›
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Startup Island TAIWAN, an initiative backed by Taiwan’s National Development Council, recently joined forces with domestic venture capitalists and listed companies to present a significant event showcasing the prowess of Taiwanese digital tech startups. This event, known as Taiwan Tech Solution Day, took place in Ho Chi Minh City on August 23, where 14 Taiwanese ... Read more ›
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Most popular sources
Business Insider
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21% 11 |
Wired
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10% 5 |
The Verge
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
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7% 3 |
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27.11.2024 05:41
Last update: 05:36 EDT.
News rating updated: 12:32.
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