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Chinas Great Wall Motor is poised for its big entry into Southeast Asia, as the automaker said on Monday it would begin manufacturing its cars in Malaysia and Indonesia as early as July, in addition to its planned entry into Vietnam, local media reported.
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. Today it announced it has added $10 million to its war chest in a Series A extension led by Tiger Global, bringing the round’s total to $20 million.
Employment Hero doubled the number of its full-time employees to 200 last year, and launched versions in New Zealand, the UK, Malaysia and Singapore. Localized versions of Employment Hero include pre-built employment contracts and policies that comply with local laws. 6 VCs share their bets on the future of work.
The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital, the venture firm co-founded by former Y Combinator partner Justin Kan (in 2015, Xendit became the first Indonesian startup to participate in the accelerator program). “For We’re going to hire a whole team on the ground.”.
All this brought them to the conclusion that while many companies have started building the mechanical side of things for EVs locally in the market, the core tech side continues to leave a lot to be desired. Tiger Global co-led the pre-Series A round of $5.2 Sri Lanka and Malaysia.
The first step in making change in your life, local community or world is to learn. This past Sunday was October 10th, 2010 – also know as 101010, the Global Work Day for climate action supported by 350.org You may have been part of the day of action by participating in an event in your local area. org and others.
Australia-based Employment Hero raises $45M AUD for its global expansion. “We Employment Hero began entering new markets in October 2020, launching localized versions of the platform in New Zealand, the United Kingdom, Malaysia and Singapore. How to do remote work right, from the teams that know it best.
The company fits into a theme I’ve noticed amongst startups, namely a focus on taking proven software genre approaches to specific parts of the world, localizing them and building in-region winners. The investment was led by Global Founders Capital , and saw participation from East Ventures and angel investors.
With the theme of Technology for a Sustainable Future, the INCLUSION Conference on the Bund was held in Shanghai from September 7 to 9, bringing together global experts, scholars, and entrepreneurs to explore technological developments in economic industries. MADCash looks to offer one model for bypassing these traditional barriers.
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. . Una says that South Korea, the fifth-largest e-commerce market globally, is considered a key market for Una Brands. .
Vashisht said HealthifyMe is India’s top health and fitness app, but its long-term goal is to become the global leader. About 25% of HealthifyMe’s revenue comes from outside of India, including Singapore and Malaysia. When it enters a new market, the company localizes its services using a playbook.
million in Series A funding led by Tiger Global, with participation from returning investors Global Founders Capital and HOF Capital. It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines.
Alibabas China-focused marketplace Taobao has joined the wave of Chinese e-commerce platforms launching cross-border operations with a plan to ship clothing globally for free. Why it matters: The move illustrates Taobaos efforts to tap into a broader global market while also engaging in competition with Pinduoduo at home.
Despite dealing with the pandemic’s impact in all of its markets, including Hong Kong and Malaysia, the company began to see business improve during the second quarter of this year. Taiwan startup FunNow gets $5M Series A to help locals in Asian cities find last-minute things to do.
Glorang will use the Series A to expand its service to Japan and Malaysia by the fourth quarter of this year and Taiwan, Thailand and Vietnam in the following years, Hwang said. It also plans to increase its headcount. . The Asia Pacific is one of the fastest-growing regions in the adoption of Edtech, increasing to $64.5 billion in 2019.
With the latest funding, Peeba plans to double its headcount and expand local offices to improve local language support across 11 Asia countries. Lai said its localization effort isn’t just focused on supporting multiple languages. Peeba is bringing about the next stage of global retail innovation.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. Additionally, we’re seeing local employers interested in hiring both tech talent locally and also remote hiring as well.
For us, the opportunity is not about taking market share from other players, it’s really about expanding the awareness of online work and hiring these virtual global teams as an alternative to traditional way of recruiting or building a company,” he said. But managing someone online is entirely different than working with someone in person.
to send money to the region, much higher than the global average of 6.8%. “We spent some time in Asia, given the growing trade relationship between the two corridors [Africa and Asia], and saw the growing need to make this more efficient, faster and cheaper, evolving from remittances to global payments. ” he added.
More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas. One of Dat Bike’s advantages is that its bikes are developed in house, with locally-sourced parts. In 2018, he moved back to Vietnam and launched Dat Bike.
Luckin Coffee plans to bring its beverage brand to the Malaysian market with a local partner as the Chinese coffee chain expands beyond Singapore, its first foreign location. Malaysias media outlet The Edge cited sources familiar with the matter in a report on Thursday. The Edge ]
The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital.
The global shift toward more digital transactions over the past year led to increased demand for Xendit’s infrastructure and services, according to Wijaya. Xendit recently expanded into the Philippines and also is considering other countries in Southeast Asia, such as Thailand, Vietnam, Malaysia and Singapore, according to Wijaya.
Waze, the Google-owned navigation and mapping service, will lay off 5 percent of its global workforce, or about 30 people out of 555 total employees, the company’s CEO said in an email to employees. Globally, Waze customers drove 60 percent fewer miles in March, when lockdowns started going into effect, as compared to February.
The Indonesian government believed that TikTok Shop’s business model would impact the livelihood of local small businesses, leading to the shutdown order. NVIDIA’s collaboration with Malaysia’s YTL Group to build a $4.3 billion AI data center in Malaysia. Later, TikTok announced a $1.5
The Indonesian government believed that TikTok Shops business model would impact the livelihood of local small businesses, leading to the shutdown order. NVIDIAs collaboration with Malaysias YTL Group to build a $4.3 billion AI data center in Malaysia. TikTok Shop being shut down in Indonesia by the government was unexpected.
Payfazz, which announced a $53 million Series B in July from investors including Tiger Global and Y Combinator, also offers loans and payment services for offline retailers. Customers deposit cash with agents, and that balance can used to pay phone, electricity and other bills.
Investors include 500 Startups, Kingsway Capital, 468 Capital, Presight Capital, Global Founders Capital and Maximilian Bitner, the former CEO of Lazada who currently holds the same role at secondhand fashion platform Vestiaire Collective. Target Global leads $150M round for Amazon Marketplace consolidator Branded.
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. Rivals such as SAIC, Great Wall Motor, and Hozon Auto are also making their EVs locally.
million electric vehicle factory in the countrys coastal Rayong province, the latest development by Chinese automakers to expand their reach in the global car market. Chinas Changan Automobile on Tuesday signed an agreement with Thailands Board of Investment in Beijing to build a $241.7 BYD last September revealed plans to establish a 17.9-billion-baht
When looking at the industry as a whole, Mainland China has around 38% of the global packaging market, the only part of the semiconductor value chain that it leads in, and three of the top ten companies globally. Often the goal is to be able to stack, for example, two 7nm chips to reach the performance of a 3nm chip.
We proudly welcome NGO partners Vietnet-ICT and the Lin Centre in Vietnam, as well as ASEAN Foundation , Kopernik Marketplace , and YCAB Foundation in Indonesia to the TechSoup Global family. They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia.
Few Chinese automakers have succeeded yet at globalization, but JETOUR is thriving as a multinational by trying a delicate strategy that only a very flexible, forward-thinking enterprise with a strong sensitivity to consumer needs can accomplish, which distinguishes it from many of its peers.
There, she was responsible for the Singapore, Indonesia, Malaysia and Bangladesh markets, plus the primary verticals of SaaS, B2B marketplaces, proptech, edtech, commerce and consumer internet. Sellers who opt to sell their home on the market will be paired with a local Zillow Premier Agent partner.
Its commodities include high-value products like lobster, which are shipped by exporters to markets like Malaysia, Singapore, China, Taiwan, Hong Kong, Canada and the United States. The platform currently has about 20 product categories and will use its funding to expand into more.
The accelerator, founded by Cyril Ebersweiler and Sean O’Sullivan and now part of the Global Accelerator Network , got its start two years ago, graduating 6 startups in its first class and 9 in its second. They’re running a test in Malaysia and are gearing up to launch in Beijing soon.
Level Infinite, the overseas gaming distribution arm of Tencent Games, announced on Thursday that it has launched a global version of its hit mobile game Honor of Kings in a swathe of new international markets including Japan, South Korea, North America, and Europe. billion ($1.88 billion ($4.77 billion).
Canada, CIS Region, Malaysia, Indonesia and Argentina — with the startup offering proprietary localized content for each target region (although its users are spread across some 40 countries). Kodland’s remote courses for children aged 6-17 are currently available in the U.K., Ireland, the U.S.,
Four hundred million people in the region already use the internet, but by year’s end, one estimate suggests that 80% of the population over the age of 15 in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will be digital consumers. Since Big Tech came to Denver, investors can’t buy enough local startups.
Having been at TechSoup Global for eight years now, I can remember what it was like before we added the “Global” to our name (literally and figuratively). We’ve also launched a NetSquared Local in Singapore, and are working to include the Philippines and Thailand in the near future.
TechSoup Global’s Dara Westling attended the recent Global Donors Forum in Washington, D.C. She is our vice president of development alliances and global media for TechSoup Global’s domestic and international programs. We connect the local with global resources.” Dara Westling.
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