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Details: Li Auto has been working with a group of high-quality and experienced authorized dealers in Central Asia, the Asia-Pacific region, and several other markets and will increase its investments in Latin America and Europe, according to Li. Meanwhile, the companys annual profit plunged by nearly a third to RMB 8 billion ($1.1
million in Series A funding led by Sequoia Capital Southeast Asia. Its API covers over 170 markets for card payments, and 85 markets for local payments collection, which means its customers can accept payments in different countries without having to set up local entities. Tazapay was created to solve those problems.
Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. Intellect describes this as “the largest venture round raised by any mental health company in Asia.”
The round was led by Hanhwa Investment & Securities, with participation from SoftBank Ventures Asia (the early-stage venture capital arm of SoftBank Group), SK Networks, Aarden Partners and other strategic partners. The Seoul-based startup announced today it has raised a $60 million Series B.
Iyuno-SDI Group , a provider of translated subtitles and other media localization services, announced today it has raised $160 million in funding from SoftBank Vision 2. How localization leader Iyuno Media Group opens entertainment to international audiences. The company said this makes the fund one of its largest shareholders.
Based in Tallinn, Estonia, Warren’s self-service distributed cloud platform is gaining traction in Southeast Asia, one of the world’s fastest-growing cloud service markets, and Europe. ” Many local providers also offer lower prices and give a large amount of bandwidth for free, attracting SMEs. . It recently closed a $1.4
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. Igloo currently works with 20 global, regional and local insurers across Southeast Asia.
Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. In terms of competition, Chan said he sees two categories: local payroll software and imported software from overseas. Time off rules also vary.
However , there’s little noise about the corridors between Africa and other regions like Latin America or Asia. Wapi Pay , a Kenyan startup with offices in China and Singapore, is carrying out this play and has carved a market for itself by facilitating payments between both extreme remittance worlds of Africa and Asia.
Tech layoffs have hit almost every region in the world , and Southeast Asia is no exception , with companies like Sea , Crypto.com and JD.ID ” In Malaysia, regional companies still hire cross-border, but local companies have shifted back to local hiring. among those affected.
V2Food is one of many new contenders in the alternative protein space, founded in Australia but now setting its sights on Europe, Asia and beyond. The €45 million round is a “B Plus,” led by European impact fund Astanor, with participation from Huaxing Growth Capitol Fund, Main Sequence and ABC World Asia.
To do that, it develops programs for its app, available as an employee benefit, with local providers that take into account religion, gender stereotypes, racial representation, communication style and values, co-founder and CEO Bjorn Lee told TechCrunch. seed to make mental health support more accessible in Southeast Asia.
The startup has aspirations to become Outschool of Asia. “The education market in the English-speaking and North American regions is undoubtedly large, but we [at Glorang] understand that each country’s local D2C education market in Asia can be just as substantial,” Hwang said. billion in 2027 , from $17.6
TikTok is exploring the local life services sector in Southeast Asia as it tries to replicate sister app Douyins path in China. According to a recent job posting on the companys official careers website, its venture into services aims to make the daily life experience richer, more unique and more innovative.
This means as content providers tackle worldwide expansion, demand for localization services, including translated subtitles, is also growing. Iyuno Media Group is one of the largest media localization companies, and works with clients including Netflix, Apple iTunes, DreamWorks, HBO and Entertainment One.
Financial apps are proliferating across Southeast Asia, making things like bookkeeping or securing an online loan easier. Brick wants to simplify the process with a suite of APIs that connects financial apps to “hyper-local” sources of data, including banks, mobile wallets and telecoms.
Its new funding will be used to add more warehouses and transport operators to Locad’s network and on hiring in Southeast Asia and Australia, with the goal of building the region’s largest network of warehouses over the next five years. 4 ways to use e-commerce data to optimize LTV pre- and post-holiday.
The company wants to focus on the Indonesian market, one of the largest markets in Southeast Asia, for the next 12 months, then expand to other Southeast Asian countries, such as Malaysia, Vietnam, Thailand and the Philippines, Bang told TechCrunch. The startup looks to challenge e-commerce players like Shopify in Southeast Asia. “I
Apple is limiting orders to two per customer, and the AirPods Pro will only be available at retail Apple Stores as well as Apple’s local websites in each region. They’re 1,999 yuan ($310) in mainland China , for example, and they’re also for sale in Hong Kong, Taiwan, Singapore, and Malaysia.
as well as many other users across Latin America and Asia. Combining data from satellites, ground-based cameras, aerial observations and local weather information, OroraTech detects threats to natural habitats and alerts users in real time.
Increased access to online and mobile giving technology in Africa, Asia, and South America will likely grow these numbers significantly in coming years. 67% volunteer locally, 9% volunteer internationally, and 56% attend fundraising events. View: Giving Trends in Asia Data Sheet. Donors are also highly engaged in civic life.
The strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia. Una, one of the largest e-commerce aggregators in Asia, has already established its presence across Asia, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021. .
Southeast Asia’s largest car producer and exporter, Thailand has also become a strategic location for Chinese automakers wishing to diversify their operations and reduce geopolitical risks, according to researchers from the Global Policy Institute. Aions first overseas plant is set to begin production in July. billion baht ($63.2
According to Nikkei Asia, the new companies will include the Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Service Group, Cainiao Smart Logistics, Global Digital Commerce Group, and Digital Media and Entertainment Group. Read Entire Article
Ninja Van will use the proceeds to strengthen its operations including micro supply chain solutions to optimize e-commerce opportunities in Southeast Asia. “We strongly believe in the potential of e-commerce in Southeast Asia, in particular the power of technology-enabled logistics to fuel e-commerce growth.
As startup funding increases around the world, The Exchange has poked its head into markets as far-flung as Southeast Asia , Europe , Africa , Latin America and elsewhere. Wherever we looked, we’ve found venture capital flowing in record quantities.
Indonesias trade officials said Temus business model conflicts with local government regulations, which require a distributor or intermediary to be present in the product’s journey from factory to consumer.
A startup called Peeba has built a B2B wholesale online platform that connects independent retailers across Asia with unique brands around the world. The Hong Kong-headquartered company wants to help Asia-based B2B retailers reduce inventory risk and offer higher operational efficiency with lower costs via its platform. .
The funding was led by Asia private equity firm TGVest Capital. “We We plan to use the new funding to double down on expanding our footprint in key markets, including Taiwan, Japan, Hong Kong, Korea and Asia,” founder and CEO Ming Chen told TechCrunch. “In In Japan alone, we added 35,000 new activities.”.
Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia. About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
Enterprise project management and team collaboration unicorn monday.com is digging deeper into the Asia-Pacific region with the opening of its new regional headquarters in Sydney. It also has local channel partners like Work Perfect and Upstream. The number of its customers in Australia and New Zealand grew 122% year-over-year.
In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack of localized software and a more fragmented logistics industry where SMBs dominate.
In the local context, Kenyan’s give an extremely high proportion of their earnings as donations (cc. The lack of trust between NGOs and local Kenyans and the expectancy that NGOs are funded from outside Kenya are the key reasons for limited local fundraising towards NGO in Kenya.
On Friday, BEYOND EXPO organizers invited a group of distinguished entrepreneurs for the Asia-Latam Tech Forum, aiming to explore opportunities for collaboration in business and technology, while promoting cultural exchange and understanding between Asia and Latin America.
The cell-cultured chicken will eventually be produced under Eat Just’s new GOOD Meat brand through partnerships with local manufacturers and go on sale to restaurants before it is available to consumers. Eat Just partners with Proterra to launch a new subsidiary in Asia.
Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 One of Dat Bike’s advantages is that its bikes are developed in house, with locally-sourced parts. Son Nguyen, founder and chief executive officer of Dat Bike.
The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars. For investors, it hopes to help them build local market intelligence.
At the same time, Stambolis said it was pretty clear that more developed ecosystems such as Silicon Valley didn’t care much about meeting struggling regions’ local health and development targets. Zenysis currently provides its software to governments and partners in nine countries across Africa, South America and Asia.
Financial services, especially those for people who don’t have access to traditional bank accounts or lines of credit, are proliferating in Southeast Asia. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. It also plans to enter the Philippines in the third quarter.
The Bangalore-based company announced today it has closed a $75 million Series C from LeapFrog and Khosla Ventures, with plans to grow its user base in India, Southeast Asia and North America. When it enters a new market, the company localizes its services using a playbook. We begin by building a food database with local foods.
Though it is best known as a payment infrastructure provider, referring to itself as “a Stripe alternative build for Indonesia and Southeast Asia” on its website , Xendit is also working on other services. “In In Southeast Asia, you can’t just focus on one thing, you can’t just focus on payments,” said Wijaya.
And Southeast Asia is no exception. The company describes itself as building out financial services and digital payments infrastructure “in which the next generation of Southeast Asian SaaS companies can be built on top of,” or put more simply, it aspires to be the Stripe of Southeast Asia.
Kuik told TechCrunch that Summer International looks for creators and influencers who have a strong connection with their audience based on engagement rates, how active they are a video-first platforms and whether they have a strong localized community and global presence.
Europe and Asia, including Michael Novogratz’s, participated in the round. It connects retailers to local and multinational distributors of consumer brands, like Unilever, Nestlé, Procter & Gamble, Dangote, and PZ. Today’s news is from Alerzo , a little-known B2B e-commerce retail startup based in Ibadan, Nigeria.
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