Indonesia’s UangTeman under scrutiny over alleged tax evasion
The tax authorities have contacted its shareholders, including Alpha JWC, for the investigation; According to a source, UangTeman hasn’t paid its income tax since 2020.
VinFast to list in US through SPAC deal
The Vietnamese automobile manufacturer will merge with Black Spade Acquisition Co; The business combination values VinFast at an enterprise valuation of ~US$72B and an equity value of ~US$23B.
Comma3 Ventures makes US$20M first close of US$45M Web3 fund
Comma3 aims to become a research-driven Web3 investment firm; It writes a ticket size of US$250,000 to US$1M and aims to invest in about 80-100 projects.
AnyMind Group agrees to acquire Indonesian e-commerce enabler DDI
DDI provides a range of services across the e-commerce value chain to enterprises in Indonesia, with a focus on consumer goods brands; This is the first acquisition agreement by AnyMind since its public listing in Japan’s stock market.
Singapore AI firm Locofy raises US$4.3M funding
The investors include Northstar Ventures and Golden Gate; Locofy helps designers automate front-end code directly from their designs and integrate them with existing workflows, leveraging AI to convert designs into coding languages to save time.
Binance to exit Canada amid regulatory challenges
Earlier this year, Canada prohibited certain crypto trading platforms from “permitting Canadian clients to enter into crypto contracts to buy and sell any crypto asset” that is considered a security or a derivative.
Olympic gold medalist Greysia Polii invests in Ayo Indonesia
The lead investor is Alpha Momentum Indonesia; Ayo is a Jakarta-based sport-tech company that enables users to book sports venues and find opponents or teammates via its online platform.
Blibli to issue 4B (3.38%) shares as compensation to management, staff
As of April 30, 83.68% of the company’s shares were held by Global Investama Andalan, an affiliate of local conglomerate Djarum Group, while the rest belonged to the public.
P2P lender Danamart officially pivots to crowdfunding
With the latest permit, it can provide SMEs with business capital of up to US$677,700; It is now a sustainability-driven crowdfunding platform, with debts as its financing instrument.
AirAsia taps Foodpanda for food delivery
Foodpanda will handle the travel app’s food delivery business as both sides embark on a strategic partnership; This means that AirAsia’s food offerings will transition to a dine-in model.
AI can bring more intelligence and automation into drones industry: Aerodyne CEO
AI can automate the process of extracting intelligence from data, which can make a significant impact on the industry, says Aerodyne’s CEO.
PasarPolis: selling insurance in a country that considered purchasing insurance a ‘loss’
Thus far, the company claims to have issued over one billion policies; in 2022 alone, it issued 500 million policies; It provides microinsurance or low-priced coverage solutions for any type of risk (from broken gadgets to accidents).
Unleashing AI’s potential: The vital role of human guidance in AI’s growth and learning
Artificial intelligence and humans have the potential to become invaluable partners in our pursuit of knowledge, growth, and innovation.
Gen Zs, Millennials, and Baby Boomers: When are they most productive at work?
Understanding the needs of a modern, intergenerational work environment is essential for attracting and retaining talented employees.
Meta culture rising: Game-changing trends shaping identity and values in 2023 and beyond
Meta Foresight shares its unique understanding of what matters to more than 3.7 billion people who use Meta technologies around the world.
Six exhibitors to wow you at the 2023 Echelon Asia Summit
Check out the exciting innovations of Anapi, Buyandship, fewStones, INK IDÉE, Parlon, WAOHire and more at Echelon!
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Echelon Asia Summit 2023 is bringing together APAC’s leading startups, corporates, policymakers, industry leaders, and investors to Singapore this June 14-15. Learn more and get tickets here.
Echelon also features the TOP100 stage, where startups get the chance to pitch to 5000+ delegates, among other benefits like a chance to connect with investors, visibility through the e27 platform, and other prizes. Join TOP100 here.
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