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Malaysia-based Respond.io helps businesses juggle multiple messaging apps

TechCrunch

The Malaysia-based company said today it has raised $7 million in Series A funding led by Headline, with participation from AltaIR Capital, Smart Partnership Capital, Sterling Oak Group and Calendula Ventures. For example, it recently localized Respond.io Malaysia-based Respond.io has grown its revenue 25x.

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UnionPay International partners with WeChat Pay to enable cross-border payments

TechNode

UnionPay International announced a new partnership with WeChat Pay yesterday, enabling cross-border payments for international UnionPay wallet users through WeChat Pays payment system. Payments will be automatically converted from local currencies to Chinese yuan.

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Great Wall Motor readies car plants in Malaysia and beyond

TechNode

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.

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A Country’s ‘Radical Approach’ to Chip Production Includes New $250M Deal

TechRepublic

Malaysia aims to move beyond chip assembly, partnering with Arm to develop local semiconductor design, expand exports, and strengthen its tech ecosystem.

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Taiwan-based FunNow, an instant booking app, raises $15M Series B

TechCrunch

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.

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Employment Hero gets $140M AUD Series E led by Insight Partners, grows valuation to $800M AUD

TechCrunch

The new capital will be used to hire for its engineering teams and for the company’s continuing international expansion. Employment Hero began entering new markets in October 2020, launching localized versions of the platform in New Zealand, the United Kingdom, Malaysia and Singapore.

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SoftBank-backed Oyo files for $1.16 billion IPO

TechCrunch

The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 The startup said in the filing today that four markets — India, Indonesia, Malaysia and Europe — account for about 90% of its overall revenue.

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