Temasek’s portfolio value sees US$6B loss in FY 2023
The company also posted a -5.07% slump in one-year total shareholder returns; The slump is attributed to challenging global market conditions, including a reversal of gains in key sectors and heightened geopolitical tensions.
Doctor Anywhere’s FY 2022 revenue up 62%, losses widen to US$33M
Expenses for operating activities, which jumped 170% to US$27.9 million, mainly drove the healthtech company’s losses; DA reported a revenue of US$38.2 million, up 62% from 2021.
Antler partners with Khazanah, to invest in 30+ Malaysian startups over next three years
Its inaugural Venture Generation Programme in Malaysia will begin in October 2023; Antler will also provide Malaysian startups access to its global platform and network.
Indonesian agritech startup Eratani bags US$2M seed funding
The investors include SBI Ven Capital, Genting Ventures, and Orvel Ventures; Eratani supports a network of 20K rice farmers with supply chain management, crop distribution, agricultural assistance, and funding.
China unveils provisional rules for generative AI
The rules require generative AI providers to adhere to core socialist values, which prohibit everything from pornography and terrorism to racism and content that threatens China’s national security.
KarirLab secures funding to help fresh graduates navigate the job market
The lead investors are Alpha JWC Ventures and M Venture; KarirLab bridges the gap between students, universities, and employers by providing a career development and management platform.
1982 Ventures invests in fintech platform for social commerce sellers Orderfaz
Orderfaz is designed to help brands and sellers improve online sales conversion rates in Indonesia’s booming social commerce market.
East Ventures backs immersive game-based learning platform SoLeLands
SoLeLands takes a multiplayer online role-playing game genre to provide an engaging learning experience through hyper-localised settings.
Meet the 55 finalists vying for prizes worth US$1.9M at SMU’s LKYGBPC competition
The 11th edition of LKYGBPC received 1,000 submissions from 1,100 universities, including Harvard University and Imperial College London, across 77 countries.
Razorpay launches payment gateway in Malaysia via Curlec
Now Curlec by Razorpay, the service allows businesses to accept payments and automate payouts. It also marks the first international launch of a payment gateway for Razorpay, which serves 10 million businesses in India.
Co-founder of Indian crypto unicorn 5ire to depart over internal dispute
Vilma Mattila didn’t clarify the exact timeline of her upcoming departure, but she said her resignation was due to “other co-founders making the management and financial decisions” without her consent.
Indonesia’s OJK appoints new boss to oversee fintech, crypto
Hasan Fawzi will also serve as a commissioner for the OJK from 2023 to 2028; A law passed in December 2022 gave OJK the responsibility of supervising Indonesia’s crypto industry.
Hmlet rebrands to Habyt, names ex-Uber head as APAC CEO
This follows Hmlet’s merger with the German company of the same name in April 2022; Former Uber and CloudKitchens executive Jonathan Wong has been appointed Asia-Pacific CEO.
AI-generated content, generative AI can improve metaverse experience: BIGO
Generative AI can power intuitive chatbots that can respond with human-like responses, providing users with a seamless and more immersive virtual experience
‘Climatetech startups can help SMEs bridge sustainability, digital transformation’
The major issue lies in the fact that businesses view sustainability and digital transformation in silos and not as intertwined, says Felix Berndt of Paessler.
Exploring the game-changing role of AI in online courses
AI has the potential to provide a higher quality online course experience by making it more personalised, interactive, and efficient.
Rethinking wastewater treatment to support Singapore’s ambitious water goals
One area with immense potential for enhancing water self-sufficiency lies in improving industrial wastewater treatment.
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