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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.
SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). It will also use the funding for global expansion, Kimura said. SmartRyde announced today it has secured a $1.6
Ascend Money , the Thailand-based fintech startup behind TrueMoney, an e-wallet service, announced today it has raised a $150 million Series C round at a valuation of $1.5 About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
Chinas Zeekr and Xpeng Motors will begin delivering their electric vehicles to Thailand later this year while eyeing expansion to other Southeast Asian countries, as they seek further overseas growth amid slowing opportunities at home. Rivals such as SAIC, Great Wall Motor, and Hozon Auto are also making their EVs locally.
Chinas Changan Automobile on Tuesday signed an agreement with Thailands Board of Investment in Beijing to build a $241.7 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.
Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. 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.
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.
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. We always thought Insight Partners would be a great partner,” Thompson told TechCrunch. “We
T his might not seem spectacular from a global perspective because it took the startup a year and two months to achieve but it’s a noteworthy feat in African markets. The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria.
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.
Igloo currently works with 20 global, regional and local insurers across Southeast Asia. An example of Igloo’s insurance policies include ones for gig economy riders that it sells through its partnership with Foodpanda in Thailand, Singapore and the Philippines, and Lozi and Ahamove Vietnam.
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.
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.
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.
Additionally, the Volkswagen-invested battery maker announced its participation in the global race to make all-solid-state batteries, as China looks to catch up with rivals in producing an alternative battery success story. It already makes batteries in Thailand , as well as at one of its European factories. to 25% in 2026.
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.
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.
In 2005, we got a chance to meet face-to-face in London at the Global Voices Blogging Summit after I transitioned from being the Cambodia bridge blogger. When you teach internationally, it is important to localize your content and Tharum was able to provide many local and regional examples and tips.
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.
million, and will be used to expand the number of categories in its app, adding night clubs, karaoke bars and catering, for example, and enter new countries, including Thailand, Singapore and Japan. Taiwan startup FunNow gets $5M Series A to help locals in Asian cities find last-minute things to do.
Chinese auto tech unicorn Horizon Robotics has recently partnered with Hong Kong Science and Technology Parks Corporation (HKSTP) with plans to expand its local research team and invest a total of HK$ 3 billion in the territory by 2028, according to an announcement published in December. Details: In addition to providing a $25.6
While Indonesia isn’t the most crypto active in the region — total crypto value received was less than half of Thailand’s from July 2021 to June 2022, according to Chainalysis — the country is thought to hold huge potential for web3 adoption, thanks to a young and sizable (270 million) population as well as a vibrant Web 2.0
Many local entrepreneurs complain about the local talent here in Singapore , but honestly what did they expect? Engineers and product folks there tend to know how to build products suitable for their respective market, but not necessarily something that can take off globally. Cast a wide net.
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. ” Singapore-based Xfers Lands $2.5M
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.
Snapchat’s parent Snap became the latest tech company to announce a huge round of layoffs, confirming ongoing rumors yesterday that it was cutting 20% of its global workforce , affecting at least 1,200 people. which may be partly why Snap is less enamored by Zenly’s enduring popularity in locales elsewhere.
In February, Rad Power Bikes raised $150 million from investors like Morgan Stanley’s Counterpoint Global Fund and Fidelity Management & Research Company. electric bike startup, to scale globally, expanding beyond the $100 million in sales it generated in 2019. It used the funds, one of the largest of a U.S.
Read More » Local Government Web Managers Notes: Responding to Economic Uncertainty Michael Walsh in Influence 18 May 2010 In the past few months, world-wide political and economic uncertainty has shaken global confidence, which in turn has resulted in continued market instability and volatility. We also saw some.
To gather my thoughts on where things were likely headed, I wrote an article in 2009 titled The Path to Globalization of Chinas Automotive Industry where I predicted the emergence of Chinese brands as global players, and described a plausible path for this to occur.
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.
Chinese automakers will over time become a dominant force worldwide despite the US and Europe imposing extra duties on their electric vehicles, consultants AlixPartners said on Wednesday, highlighting that Chinas vehicle makers are on track to grab over 30% of the global market by 2030.
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.
Problem: Today with more than 300 members, The Code remains lean with just two staff and 35 regionally dispersed local representatives across 35 countries, while providing maximum impact. Salesforce analytics also enables organizations to better track patterns of human trafficking and identify high-risk territories.
Ancient8 partners with P2E games to produce educational content for local communities in Vietnam and educate people about both blockchain and P2E games, Xu said. Global crypto venture capitals are flocking to the gaming guilds. Andreessen Horowitz invested in the Philippine-based crypto gaming guild YieldGuildGames last year.
That year, 12 boys and their soccer coach became trapped in a flooded cave in Thailand. He has accused British politicians of abetting rape genocide, merely because they favored investigating child sex abuse rings on a local level rather than a national one. But authorities deemed Musks offer impractical and turned it down.
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