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Ecosystem Roundup: Huobi ordered to stop operations in Malaysia, LiveIn acquires KT Management

Long-stay rental solutions company LiveIn acquires KT Management in Malaysia
The merger aims to provide LiveIn’s community living solutions and a better O2O experience for KT Management’s thousands of tenants; LiveIn is backed by Jungle Ventures, Wavemaker Partners, Aucfan Co, and KK Fund.

Malaysia orders Huobi to stop operations due to compliance concerns
Huobi must also stop “circulating, publishing, or sending any advertisements, whether in email or on social media platforms, to Malaysian investors.”

MAS launches programme to nurture AI talent in finance
The initiative aims to increase “the supply of artificial intelligence and data analytics talent to build deep AI capabilities” in finance.

SG logistics service provider Janio secures US$8M Series B
The investors are Vertex Growth Fund and Vertex Ventures SEA & India; Janio is a 4PL partner for e-commerce brands, logistics service providers, and marketplaces; It leverages supply chain expertise, advanced analytics, and automation.

India’s Chalo raises US$45M in Series D to digitise bus commutes
The investors are Avataar Ventures, Lightrock India, and WaterBridge Ventures; Chalo’s business revolves around empowering bus operators to transition to digital payments and facilitate commute tracking.

Indian industrial IoT startup Infinite Uptime bags US$18.8M
The investors include Tiger Global, Mayfield, GSR Ventures, VenturEast, and THK; The startup helps improve manufacturing plant reliability and offers failure predictability for manufacturing facilities.

Vonage brings WhatsApp payments to Singapore
Powered by Singapore-based firm Jumper.ai, the tool allows businesses and consumers to complete shopping transactions within WhatsApp, from browsing products to making payments.

Jokowi names interim tech minister amid incumbent’s detention
Mahfud MD will temporarily lead the country’s communication and IT ministry; This decision comes after the incumbent minister, Johnny Gerard Plate, was detained on Wednesday as a corruption suspect linked to a 4G wireless base station project.

German firm invests in Singapore SaaS fintech firm Ivitech
The investor is GPS Ventures GmbH; After analysing a company profile with alternative scoring mechanics, Ivitech provides access to capital for SMEs.

Following iVS acquisition, this is how ShowHeroes plans to win APAC market
This acquisition is part of the organisation’s plan to expand into the Asia Pacific (APAC) market, including Singapore, Malaysia, the Philippines, Indonesia, Thailand and Japan.

Sony & UMG join forces with Snowcrash to revive NFTs: Here’s why the digital trend is far from dead
Exploring the future of NFTs, Web3 strategies, and the changing landscape of art and collectibles with the Co-Founder of Snowcrash, Walter De Brouwer.

The e27 Connect VCs that invested in Southeast Asian startups last week.
Eight e27 Connect investors participated in the investment rounds of just two startups — Jenfi and ORA — in the week that has just passed.

How employee rewards and recognition is adapting in post-pandemic era
A balanced hard-soft approach matters when it comes to employee rewards and recognition, which facilitates the creation of everyday moments of joy.

How to stay creative in the age of Generative AI and Web3
In the midst of an avalanche of technology news in creative industries, we navigate an unprecedented era of creativity and fear of being left behind.

15 exciting startups make it to the 2023 TOP100
Witness as 15 more startups will be battling it out at 2023 TOP100, showcasing their unique and exciting innovations!

Echelon Asia Summit 2023 brings 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 can pitch to 5000+ delegates, among other benefits like connecting with investors, visibility through the platform, and other prizes. Join TOP100 here.

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