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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 Its product-first strategy means Respond.io
The ongoing chip shortage is far from over, and rising Covid cases in key manufacturing countries like Vietnam and Malaysia are not helping a speedy recovery, as governments walk the fine line between protecting their citizens and keeping the local economy from imploding.
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.
Malaysia aims to move beyond chip assembly, partnering with Arm to develop local semiconductor design, expand exports, and strengthen its tech ecosystem.
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.
The three guests individually presented insights into their local markets and the varied challenges involved in developing the digital economy. Empowering women to build their own businesses in Malaysia Fintech, short for financial technology, refers to the use of technology and innovation to provide financial services and solutions.
The first step in making change in your life, local community or world is to learn. You may have been part of the day of action by participating in an event in your local area. We’ve taken hundreds of local cafes and bound them together into a network that lets those who want water find those willing to provide it.
They’re 1,999 yuan ($310) in mainland China , for example, and they’re also for sale in Hong Kong, Taiwan, Singapore, and Malaysia. 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.
The app also has an AI-based nutritionist called Ria that is trained for cuisines in different markets through a combination of user-tracked data, guidance from local nutritionists and databases from sources like the United States Department of Agriculture. When it enters a new market, the company localizes its services using a playbook.
The initial group of participating wallets includes Bank of China Hong Kongs BoC Pay, Octopus, PayMe by HSBC, and Tap & Go in Hong Kong; Bangkok Bank Mobile Banking and K PLUS in Thailand; NAVER Pay in South Korea; and ICBC Mobile Banking (ICBC Pay) in Malaysia.
Employment Hero began entering new markets in October 2020, launching localized versions of the platform in New Zealand, the United Kingdom, Malaysia and Singapore. After that, it plans to localize Employment Hero for Indonesia, Thailand, the Philippines, Hong Kong and Vietnam.
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.
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. BrioHR competes with local companies that are more focused on providing single solutions, like payroll management.
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.
Founded in 2014, the company operates its business across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. It currently employs more than 61,000 staff. “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.
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. . We bring to the partnership local e-commerce expertise, as well as the understanding and empathy of local brand owners’ mindsets.
In 2018, SOCAR set up a Malaysia-based subsidiary SOCAR Malaysia, which has raised a total of $73.2 Last October, SOCAR has sold a 60% stake in the ride-hailing arm to Viva Republica, the Seoul-based fintech company behind Toss. . million so far. .
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 company claims Gguge has more than 100,000 users in South Korea. .
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.
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. It’s about having a product that’s hyper-localized for each culture, each region and country as well.
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. But in each country we launch in, that will look very different, so we will look at local payment methods in every country.
” In Malaysia, regional companies still hire cross-border, but local companies have shifted back to local hiring. So from both a human capital angle and a financial capital angle, a lot of companies are now actually doing more remote hiring.
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.
ThoughtFull’s main operating markets are Singapore and Malaysia, but it now has users in 43 countries. Its app, which launched in 2020, is available in five languages: English, Bahasa Malaysia, Bahasa Indonesia, Mandarin and Cantonese, along with coaches who are also fluent in Tamil, Thai, Vietnamese and Tagalog.
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.
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. The platform brings both emerging and traditional brands to the world of local retail in Asia.
Geely will pay 36% of the total investment of the facility, where Volvos parent company plans to make cars under the Lynk & Co and Geely Auto brands initially, while Tasco, a local construction and engineering firm, will shoulder the rest of the cost. stake in Malaysian automaker Proton from conglomerate DRB-HICOM Bhd in 2017.
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.
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.,
Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. .
Xendit’s expansion strategy into new markets, like Malaysia and Vietnam, will rely on solving problems that are unique to each market. Xendit’s edge is combining a global approach with its intense focus on localization, Wijaya said. Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe.
Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia. People typically come in and start bidding on jobs at around what they’d typically make locally, and in many cases that is well below what the client would be paying locally, so they end up finding great talent and great value.
The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. Its customers include Gushcloud, Ralali, Hello Health, Lamer Fashion, Buy2sell and Mystifly.
More still, you can jump into local adventures, and level up your villagers at the esteemed valley guilds. Here’s the basic setup: Your village is actually part of a larger valley, where you and nine other players work together to build a big, wondrous utopia.
Xu declared that Thailand is one of Cherys strategic markets, along with Malaysia and Indonesia, after the Chinese manufacturer revealed plans in July to establish manufacturing facilities in the three countries as part of its expansion into Southeast Asia. Caixin, in Chinese ]
The platform will look to follow in the footsteps of the likes of Temu with an initial move to cover Asian territories including Hong Kong, Singapore, Malaysia, and South Korea. Context: Taobao sells items from numerous local clothing brands that its domestic rivals have no access to.
Presently , Wapi Pay works with local banks and platforms in China, Indonesia, India, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. The company claims to be growing at 396% year-on-year since 2019 and has hopes to continue in that fashion.
Weibo Agent is also interested in building a localized Chinese version of its service, but the monetization model will likely be different. They’re running a test in Malaysia and are gearing up to launch in Beijing soon. Quwanba is aiming to hit 120,000 transactions in the next three years.
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 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.
This marks Netas debut in Indonesia, having previously expanded to Thailand, Malaysia, and other ASEAN countries. Additionally, Neta has signed an agreement with Indonesias PT Handal Indonesia Motor to start localized assembly and production in the country from the second quarter of 2024, according to the firms statement.
Indonesia’s mortgage penetration rate is also just 3% of the local GDP, one of the lowest in Southeast Asia. In a prepared statement, AC Ventures managing partner Adrian Li said, “Indonesia’s mortgage penetration is currently at 3% of the local GDP. That is low copared to Malaysia and Singapore, which are at 30% or higher.
Xfers says it has access to more than 10 million underbanked consumers in Indonesia through its work with agent banking services, and also plans to expand into Thailand, the Philippines, Malaysia and Vietnam.
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