Asia Pacific
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After $23 B in Q1 losses, SoftBank’s founder promised cost cuts
After suffering losses of US $23 billion in the most recent quarter, Masayoshi Son, the founder of Japanese giant SoftBank,…
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Australia to launch CBDC pilot program
A trial program for its own central bank digital currency will be undertaken, according to the Reserve Bank of Australia…
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Indonesian Paxel raised $23 M Series C funding
million to the series C fundraising round of Indonesia-based logistics firm Paxel. The investors are various subsidiaries and venture arms…
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Social networking firm NextBlock raised $362k Pre-seed funding
The social networking firm NextBlock in Singapore secured S$500,000 (US$361,895) in a pre-seed round of investment that was headed by…
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Sequoia Capital China raised $9 B to support innovative startups
According to The Information, a subsidiary of Sequoia Capital China has raised $9 billion in new funding to support the…
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$4.3 M textile research centre to be launched by NTU, RGE
A sustainable textile research centre has been established by Nanyang Technological University (NTU) in collaboration with Royal Golden Eagle (RGE),…
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Indonesia’s edtech Zenius again laid off its employees
Due to the challenging financial climate and changing consumer behaviour, Indonesian edtech firm Zenius is firing staff members for the…
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By selling its Alibaba shares, SoftBank raised $22 B
According to the Financial Times, SoftBank plans to sell up a portion of its long-term stake in Alibaba in order…
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$3 M invested in Skyports by SG engineering firm’s VC arm
The VC arm of Singapore-based ST Engineering contributed US $3.13 million to the closing of the series B capital round…
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South Korean fintech Openull raised undisclosed Pre-series A funding
An unknown sum was raised by South Korean fintech company Openull in a pre-series A round that also included Shinhan…
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