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Markets plunge into September chaos: Tech titans tumble as global tensions ignite

As the calendar flips to September 1, 2025, the global financial landscape reflects a cautious start to the month, with major US stock markets shuttered for the Labour Day holiday. This closure comes on the heels of a turbulent end to August, where Wall Street grappled with a tech-fuelled downturn that capped off the month on a sour note.

Asian markets, stepping in to kick off the week’s trading, have largely followed suit by opening lower, echoing the unease from Friday’s US session. Investors are navigating a complex web of influences, from persistent inflation pressures and tariff anxieties to the allure of artificial intelligence advancements and the anticipation of Federal Reserve policy shifts.

This mix signals a market at a crossroads, poised for potential rebounds driven by technological innovation but vulnerable to macroeconomic headwinds that could prolong volatility. The story here is not just about numbers on a screen but about how these forces interplay to shape investor confidence in an increasingly interconnected world.

US stocks stumble: Tech sell-off steals the spotlight

Turning first to the US markets, the recap from August 29, 2025, paints a picture of restrained optimism giving way to broader concerns. The S&P 500 closed down 0.64 per cent at 6,460.26, slipping from its recent record highs amid losses in key artificial intelligence-related stocks.

The Nasdaq Composite, heavily weighted toward technology, fared worse, declining 1.15 per cent to 21,455.55, underscoring the sector’s outsized influence on overall market performance. Even the Dow Jones Industrial Average, typically more insulated from tech swings, edged lower by 0.3 per cent.

This session marked the end of a fourth consecutive winning month for the S&P 500, which still managed a 1.4 per cent gain for August, but the Friday pullback highlighted emerging cracks in the rally. Tech giants bore the brunt of the selling pressure, with Nvidia shares tumbling over three per cent following reports of heightened competition from Chinese firm Alibaba’s advanced chip development.

Dell Technologies’ stock plummeted nearly nine per cent after the company’s third-quarter profit guidance disappointed analysts, despite robust demand for AI infrastructure. Marvell Technology’s shares cratered 19 per cent on a weak sales forecast, further amplifying the sector’s woes. On a brighter note, Affirm Holdings surged 11 per cent after reporting a quarterly profit, offering a rare counterpoint in an otherwise downbeat day for growth stocks.

Also Read: Markets on edge: One inflation report could trigger a stock market surge or collapse

Inflation fears and tariff turmoil: The hidden market killers

Beyond the tech sell-off, broader economic signals contributed to the muted sentiment. The University of Michigan’s consumer sentiment index dipped in August, as respondents expressed growing fears over inflation. The core Personal Consumption Expenditures index, the Fed’s preferred inflation gauge, held above the two per cent target in July, muddying the waters for a potential September rate cut. Tariff uncertainties loomed large, with Caterpillar’s comments on potential earnings impacts from higher duties weighing on industrial sentiment.

This tariff narrative is particularly under-appreciated. While they aim to protect domestic industries, they risk inflating costs across supply chains, potentially stifling the very growth they’ve helped foster in areas like manufacturing and tech hardware. The market’s reaction suggests investors are starting to price in these frictions, especially as global trade tensions simmer.

Despite these headwinds, the month’s overall gains, S&P up 1.4 per cent, Dow up two per cent, Nasdaq up 1.6 per cent, indicate resilience, buoyed by strong AI-driven earnings from select mega-caps. However, the divergence between winners like Affirm and losers like Marvell suggests a selective market, where only the strongest narratives prevail.

Asia awakens to red screens: Tech restrictions fuel the fire

Shifting focus to the Asia-Pacific region on this September 1 morning, markets have opened with declines, mirroring the weakness in US tech and broader global jitters. Japan’s Nikkei 225 fell 0.26 per cent to 42,718.47, dragged down by tech and export-oriented stocks amid ongoing concerns about trade data. South Korea’s Kospi index dropped around two per cent in early trading, hit hard by losses in memory chip giants Samsung Electronics and SK Hynix, which slid after the US Commerce Department revoked their authorisation to ship certain goods from China without licenses.

This move exacerbates US-China tech tensions, directly impacting supply chains for semiconductors critical to AI and consumer electronics. Hong Kong’s Hang Seng Index showed mixed results, leaning lower at around 24,858.82, influenced by regional volatility. A standout exception was Alibaba, whose shares surged 13 per cent on news of its more advanced AI chip, providing a rare boost in an otherwise subdued session.

In China, the CSI 300 index hovered flat, but auto makers faced headwinds, with BYD reporting its first quarterly profit drop in over three years due to aggressive domestic discounting. India’s Sensex and Nifty indices dipped slightly, pressured by foreign capital outflows and tariff concerns stemming from global trade dynamics.

Also Read: Jackson Hole looms: Can Powell save markets from a global risk meltdown?

From my perspective, Asia’s performance highlights the ripple effects of US policy; restrictions on tech exports not only harm specific companies but also erode broader market confidence, potentially slowing the region’s recovery from post-pandemic sluggishness. However, Alibaba’s gain hints at China’s push for self-reliance in AI, which could reshape the competitive landscape over time.

Gold’s golden surge: Safe havens shine amid the storm

Several other key drivers are at play, amplifying the market’s choppy mood. Gold prices have continued their ascent, touching new all-time highs in late August, fueled by expectations of a Fed rate cut and escalating geopolitical uncertainties.

This safe-haven rally reflects investor caution, as lower interest rates typically weaken the dollar and boost non-yielding assets, such as gold. Overall sentiment remains volatile, as it is influenced by the robust AI earnings of some firms, offset by disappointments from others, and further complicated by trade tensions. This duality captures the market’s current paradox: technological progress offers long-term promise, but near-term risks from inflation and tariffs could trigger sharper corrections if unresolved.

Bitcoin’s brutal breakdown: Crypto kings crumble under pressure

Diving deeper into cryptocurrencies, Bitcoin has extended its decline, falling 0.96 per cent to around US$108,253 over the past 24 hours, marking a 4.19 per cent weekly drop. Three primary factors are driving this: a macro risk-off sentiment, where simultaneous outflows from Bitcoin and gold ETFs signal broad investor caution amid Fed policy ambiguity; a technical breakdown below the critical US$118,000 support level, activating stop-loss orders and bearish indicators like a MACD of -1,931.67 and RSI at 32.47; and a liquidation cascade, with US$24.45 million in Bitcoin liquidations amplifying the downside momentum.

The Fear & Greed Index at 39 underscores prevailing fear, discouraging buy-the-dip activity. Looking ahead, upcoming data like August Non-Farm Payrolls and the Fed Beige Book could provide policy clues, but a close below US$107,000 might test lower Fibonacci levels around US$117,958.

In my view, Bitcoin’s sensitivity to macro shifts highlights its maturation as an asset class, once seen as uncorrelated, it’s now intertwined with traditional markets, offering hedge potential but also exposing it to the same uncertainties. While some forecasts eye US$125,000 by September or even US$221,000 by year-end, the risk of deeper pullbacks looms if institutional demand wanes.

Ethereum’s edge of collapse: Liquidations loom large

Ethereum, meanwhile, has underperformed the broader crypto market, dipping 0.77 per cent to US$4,407 in the last 24 hours. Key pressures include liquidation risks near US$4,400, where over US$1 billion in long positions could unravel if breached, following US$108 million in network-wide liquidations; a bearish technical setup, with ETH struggling below its seven-day simple moving average of US$4,444 and showing MACD divergence at -54.73; and macro caution ahead of US jobs data and Fed signals.

The RSI at 52.74 indicates neutral momentum, but failure to hold US$4,400 risks a drop to the 50 per cent Fibonacci retracement at US$4,155. On the upside, a rebound above US$4,550 could squeeze shorts and target US$4,550 resistance. Ethereum’s ecosystem remains vibrant, with upcoming upgrades like Fusaka enhancing scalability, but competition from faster blockchains like Solana poses threats.

Also Read: The intersection of tech and climate change: 5 key forces that will redefine the global market

Personally, I see Ethereum’s trajectory as more promising than Bitcoin’s in the medium term; its DeFi dominance and staking mechanisms provide utility beyond speculation, potentially driving it toward US$5,000-US$10,000 by year-end if rate cuts materialise and institutional inflows resume. However, liquidation clusters and technical weaknesses demand vigilance.

The volatile road ahead: Will markets rebound or crash further?

In wrapping up this analysis, the markets on September 1, 2025, embody a delicate balance of hope and hesitation. The US holiday pause offers a moment for reflection, but Asia’s early slides suggest the tech sell-off’s aftershocks persist. With gold shining as a refuge and cryptos navigating their own storms, investors must weigh AI’s transformative potential against inflation’s stubborn grip and tariff-induced frictions.

I believe the path forward favours adaptability; those who pivot toward resilient sectors like AI infrastructure while hedging against policy risks stand to thrive. However, if tariffs escalate or inflation reaccelerates, we could see prolonged turbulence, reminding us that in finance, as in life, equilibrium is fleeting. The coming weeks, with key data releases and Fed decisions, will likely dictate whether this is a mere dip or the onset of a deeper recalibration.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Former Ant Group exec’s Obita raises US$10M to bridge Web2 and Web3 payments

Obita, an enterprise-level cross-border payment and digital financial network based in Singapore, has closed an angel funding round, securing over US$10 million.

The funding round was co-led by Vision Plus Capital and Mirana Ventures, with additional participation from prominent investors such as Legend Capital, HashKey Capital, and Web3.com Ventures.

The significant investment aims to accelerate the deployment of its stablecoin-based cross-border payment network, with a particular focus on high-growth markets, including Southeast Asia.

Also Read: Blockchain technology: Revolutionising global payment solutions and cross-border remittance

The capital raised will also be used for:

  • System research and development (R&D).
  • Compliance infrastructure development.
  • Global market expansion.

Obita is constructing a blockchain-native payment network under its Obita Mesh framework, designed to offer global enterprises low-cost, real-time settlement solutions that are regulatory compliant. This initiative directly addresses prevalent industry challenges such as high foreign exchange costs, delayed settlements, and a lack of transparency in fund flows.

Dayong ZHANG, co-founder and CEO of Obita, stated: “Cross-border payments are at a tipping point driven by stablecoin innovation. We aim to integrate blockchain technology’s revolutionary potential into real-world global capital flows through our enterprise-grade, end-to-end, compliant, secure, and high-quality integrated services.”

Obita plans to redefine capital flows for cross-border trade, e-commerce, and supply chain platforms by integrating enterprise-grade compliance systems, cross-border clearing networks, and unified treasury management tools.

The company’s initial strategic focus will be on high-growth markets across Southeast Asia, Central Asia, Africa, and Latin America.

The leadership team at Obita comprises seasoned professionals from the fintech, cross-border payments, and digital asset industries, bringing deep technical expertise and a forward-looking vision.

Prior to Obita, ZHANG served as CCO of HashKey Group and CEO of HashKey Onchain BG, where he played a pivotal role in developing fiat products, leading HashKey Chain to become a preferred compliant blockchain for Real World Assets (RWA) projects in Hong Kong, and facilitating HKDR’s entry into the HKMA’s stablecoin issuer sandbox.

His tenure as Ant Group’s Regional Head for South Asia and Southeast Asia saw him lead the creation of multiple market-leading unicorn digital wallet products and significantly expand Ant’s global payment network..

David Toh, Managing Partner of Mirana Ventures, emphasised Obita’s catalytic role, saying, “By embedding compliant stablecoin settlement into global trade, Obita is catalysing industry-wide upgrades.”

Also Read: How blockchain is optimising payments, assets and workflows

Tony WANG, Managing Director of Legend Capital, noted the market opportunity, stating, “Bridging Web2 and Web3 worlds represents the biggest opportunity in today’s fintech landscape. Obita’s team, with deep expertise across both domains, is uniquely positioned to lead this trend.”

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Lenovo powers Southeast Asia’s digital growth at Echelon Philippines 2025

Echelon Philippines 2025 on 2–3 September unites Lenovo and the nation’s top tech disruptors in Manila. Be part of the movement!

Southeast Asia is entering a new era of digital growth, where technology is no longer just a support function but the foundation of business success. From startups to established enterprises, leaders are under pressure to modernise operations and stay competitive in an increasingly digital-first marketplace. Yet many companies still struggle with legacy systems, fragmented solutions, and the challenge of scaling their IT infrastructure to meet rising demands. This creates an urgent need for technology partners who can offer not only the right products but also the strategic guidance to make transformation possible.

Lenovo has built its reputation as a global technology powerhouse by addressing exactly these challenges. With its mission of “smarter technology for all,” Lenovo provides businesses with the tools to enhance productivity, foster collaboration, and prepare for the future. For IT managers and company leaders, Lenovo’s solutions bring clarity and confidence, ensuring that organisations don’t just keep pace with digital change but thrive in it. By focusing on inclusivity and sustainability, Lenovo also ensures that the benefits of intelligent transformation extend across industries and markets, creating impact where it matters most.

Also read: How DITP is connecting Thai startups with Philippine investors

At Echelon Philippines 2025, these conversations about digital transformation take on fresh urgency. Lenovo offers an opportunity to understand how global expertise can be applied to local challenges, and how smarter technology can help businesses strengthen resilience while positioning themselves for long-term growth. Lenovo looks forward to connecting directly with decision-makers and supporting businesses in their IT needs, while also driving engagement through its business portal.

Lenovo Pro on lenovo.com Philippines: leading the way in IT innovation

Lenovo Pro’s vision is clear: to be the leader and enabler of intelligent transformation. In the Philippines and across key markets within most of the Asia Pacific region, the company has become a trusted partner for businesses navigating the complex journey of digitalisation. More than delivering devices, Lenovo Pro is about equipping organisations with smarter solutions tailored to their evolving needs, from scaling infrastructure to supporting dynamic workforces.

What makes Lenovo Pro unique is its ability to bridge innovation with practical business outcomes. Many organisations face the challenge of modernising their IT systems without disrupting daily operations, and Lenovo Pro offers pathways that are both accessible and sustainable. Whether for startups aiming to build scalable systems, SMEs seeking guidance to expand, or corporates looking to optimise global operations, Lenovo positions itself as a partner that delivers more than technology — it delivers transformation. Beyond providing solutions, Lenovo is also committed to fostering collaboration through webinars, business outreach, and strong visibility across e27’s collaterals, ensuring that it can engage audiences in meaningful ways long after the event.

Joining Lenovo Pro is completely FREE. Sign up here.

Also read: How Shell LiveWire is powering Filipino enterprise growth

Lenovo is joining the movement at Echelon Philippines 2025

Echelon Philippines 2025, e27’s flagship event organised by Brainsparks, will take place on 2–3 September 2025 at Hall 4, SMX Convention Center Manila. The two-day conference is set to bring together founders, investors, corporates, and policymakers from across the region for a powerful convergence of ideas and action. With dedicated stages, exhibitions, and panel discussions, the event is designed to give participants actionable insights and open new market pathways, making it the go-to platform for anyone invested in Southeast Asia’s growth story.

For businesses, Echelon Philippines offers more than networking. It is a space to discover new solutions, learn from industry leaders, and position themselves within the region’s fast-evolving ecosystem. To explore how Lenovo’s technologies and expertise can help future-proof your organisation, simply request a callback here. Whether you’re exploring scalable IT solutions as a startup, seeking new growth strategies as an SME, or optimising operations as a corporate leader, Lenovo’s team is ready to provide practical strategies and access to smarter technology that drives resilience and growth.

Also read: How inDrive is challenging social injustice through mobility

At Echelon Philippines 2025, Lenovo is not just joining the conversation, it is shaping the future of digital transformation in the Philippines and beyond. Secure your spot now and join us as a participant or an official partner. Together, we can shape the future and create a lasting impact.

Enjoyed this read? Don’t miss out on the next insight. Join our WhatsApp channel for real-time drops.

This article is produced by the e27 team

We can share your story at e27 too! Engage the Southeast Asian tech ecosystem by bringing your story to the world. Reach out to us here to get started.

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What a grassroots hackathon in Sarawak taught me about AI and community-driven innovation

It all started on July 2. I was at a press conference in Kuching, just after my keynote at the Sarawak Media Conference 2025. Sarawak’s Deputy State Secretary, Datuk Hii Chang Kee, was seated right beside me.

In front of eight reporters, I blurted out midway, “Hey, let’s do an AI hackathon together!” The idea was simple but a little audacious. We wanted a small, community-driven event, one that was about passion, not corporate directives.

Our goal? To spark a conversation by blending Sarawak’s rich cultural heritage with the cutting-edge possibilities of artificial intelligence. We called it the Sarawak-Singapore Friendship AI Vibe Design Hackathon, a project that began with nothing more than a shared love for creativity and a belief in local talent.

This wasn’t some top-down initiative. There were zero big budgets or glossy campaigns. In fact, as of today, we’re still looking for a sponsor to help us livestream the demo component of our hackathon, and still couldn’t find one. Which was, frankly, a little surprising given all the buzz!

Our team, made up entirely of dedicated volunteers, was driven by passion and a commitment to nurturing a vibrant tech ecosystem from the ground up. We were dedicated to making this hackathon a world-class experience for our participants, with no one on our team taking a profit. It’s a true grassroots movement, fuelled by the conviction that the most powerful innovation comes from the community itself.

The journey has been a whirlwind of unexpected growth. The media response has been phenomenal, generating over RM 122,000 (US$26,000) in earned media value before the hackathon has even begun. This has been a testament to the compelling narrative we’ve created: that true innovation can be found in the heart of Borneo. We’ve been featured in major international outlets like The Borneo Post, Sarawak Tribune, and also the Singapore Global Network portal. This overwhelming attention proves that our story—a story of local talent and global vision—is resonating far and wide.

Celebrating a truly diverse finalist pool

What we’re most proud of is the incredible diversity of our 40 finalists. They are a living embodiment of the global and local talent we aimed to attract.

  • Global vibes: A quarter of our finalists hail from beyond Sarawak’s borders, with participants from Belarus, Canada, Singapore, Taiwan, and the UK. This international flavour has brought fresh perspectives and a competitive edge to the event.
  • Sarawakian pride: The remaining 75 per cent are proud Sarawakians, representing a beautiful cultural mosaic. Our finalists include 40 per cent Malay, 40 per cent Chinese, 10 per cent Dayak, and 10 per cent from other indigenous groups. This rich blend of backgrounds is exactly what we hoped for, proving that the future of AI is deeply rooted in local identity.
  • Gender balance and age diversity: We’re thrilled to have a strong gender split of 40 per cent female and 60 per cent male finalists, showing that AI and design are for everyone. Our participants range from seasoned pros to young, restless minds, with 15 per cent of our talent being under 21 years old.
  • A melting pot of skills: Our finalists were chosen for their diverse expertise, which is the perfect recipe for innovative projects. The group is made up of 40 per cent Computer Science majors, 30 per cent from Design and Digital Media, and 30 per cent from other fascinating disciplines like business studies, project management, and even astrology! It’s a testament to our belief that brilliant ideas can come from anywhere.

Some of these finalists are already seasoned pros, with impressive portfolios and awards from other hackathons. They bring a wealth of experience, but it’s their passion that truly sets them apart.

Also Read: Vibe coding: Why Singapore needs more tech built for joy, not just utility

Why a grassroots approach to AI is the future

Our decision to host this hackathon in Sarawak was no accident. We believe that design is in the DNA of all Sarawakians, and with the state government’s clear vision for AI in Borneo, we saw a unique opportunity.

Instead of a top-down approach, which can sometimes feel disconnected from the people it’s meant to serve, we’ve taken a grassroots, community-first strategy. We’re leveraging Sarawak’s true strengths—its heritage, its incredible design sense, and the raw talent of its people—to drive AI development. This bottom-up method to AI and vibe design is something no one has done in Borneo before, and it’s why we’ve been able to capture the attention of the entire region.

Our efforts have also created a powerful win-win for everyone involved. By shining a spotlight on these talented students and entrepreneurs, we are creating future champions for AI education. We’ve seen incredible interest from local universities, many of which are now considering educational licenses for Lovart AI and NewHero AI. This sets the stage for sustainable growth in AI education across the region, with local startups playing a leading role.

Also Read: Wan Wei Soh: Driving AI inclusivity and growth for innovators

Community first, always

This hackathon would not have been possible without the support of early partners and community organisations who believed in the vision when it was just an idea. Their commitment reminded us of the difference between simply sponsoring an event and truly investing in a community.

For us, this journey is a labor of love — 100 per cent driven by volunteers, built for the community, and powered by the belief that AI and design can be tools for social good. As we head toward the grand finale on September 6th, we’re excited to celebrate not just the winners, but the spirit of collaboration that has brought this project to life.

We truly believe that our hackathon will be a milestone event in the Sarawak AI roadmap, a testament to what can be achieved when a community comes together.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Why Southeast Asia’s edutech must go beyond chatbots to truly transform learning

My friend “S” is a tuition teacher. She deals with all the challenges of long hours, demanding parents, curriculum changes, different paces of learning for students, and these are often issues that aren’t pushed to the forefront of discussion and that she often discovers midway into teaching the student. As a human being, just like you and me, this is fuel for burnout.

In one of my earlier coffee chats with her, we were working on an app for her to bring across her expertise to larger groups and to have a more efficient way to work with parents and students. It’s definitely an interesting space to be in, and we were even down to brainstorming if we could use existing infrastructure, such as Google Classrooms, to complement the existing app and how to best match the syllabus to each student’s pace.

Education gaps in SEA

We thought of the problems we face with education in Singapore, which is finding affordable tuition for the lower to middle class and also an overly strong emphasis on memorisation, rote learning, content drilling and rigorous examinations and saw that all of these systems leave students unprepared for eventual technological disruptions in the world.

Also Read: The future of education is AI: Here’s how it will look

Nonetheless, this is still very different from that of our neighbours, be it due to geography or population size. There, on-demand learning resources, affordable course subscriptions, proper direction, and teaching “how to learn” become even more important.

If you were a student in rural Indonesia, the reality of your classroom would be worn wooden desks, a blackboard at the front with chalk dust clinging to its edges, and the hot sun streaming in through open windows. Distracting sounds of roosters crowing and motorbikes passing might bite at your thoughts. And maybe you’ve got to till the fields today, or go home and care for your siblings, and have no time (or limited energy) to flip a book.

One way these barriers are being addressed is through Indonesia’s fast-growing edutech sector. Platforms like Ruangguru, which began by targeting students outside the big cities, have shown what’s possible when design is tailored to local realities. They work on low-bandwidth connections, allow offline access, and blend live tutoring with gamified learning tools to make studying more engaging for first-time digital learners.

The results suggest that access paired with thoughtful design can move the needle. Independent evaluations found that students using Ruangguru improved test performance across core subjects like maths, Indonesian, and English. More importantly, over 70 per cent of its users came from outside urban centres—precisely the communities that traditional tuition rarely reached.

Also Read: AI: The secret ingredient for unlocking developer success in Asia

The promise of AI in education

To truly close education gaps in SouthEast Asia, these statements have to continue to be addressed. Teachers lack time to create strong syllabuses while public facilities and teaching standards are often not well maintained in the Philippines, at some ends a gender and religious divide causes differences in education level in Indonesia, and we are still dealing with a pandemic learning loss rate and high dropout rates in Malaysia.

The space calls for more tailored solutions to fit each student profile, which manual labor cannot fully replicate, and maybe this is where AI based learning solutions can step in to fill the gap. A solution that goes beyond a conventional chatbot could seamlessly blend AI to feel personable, supportive and guiding a student with the right principles, while being accountable to the educators’ needs, would be a perfect solution to see in this market. What would you fund to make edutech sustainable?

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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How Shell LiveWire is powering Filipino enterprise growth

Echelon Philippines 2025 on 2-3 Sept unites Shell LiveWire and PH’s top tech disruptors in Manila. Be part of the movement!

Unemployment and underemployment remain pressing issues in the Philippines. The 2020 pandemic only intensified the need for stronger, more resilient livelihoods. Entrepreneurship has emerged as a powerful driver of inclusive growth, creating opportunities for communities while sparking solutions that address social and environmental challenges. Enterprise development is now essential in building a sustainable future where innovation translates into jobs and long-term impact.

Shell LiveWire champions the growth of Filipino startups and community enterprises by providing more than just financial support — it offers mentorship, technical expertise, and access to markets. Through its participation in Echelon Philippines 2025, Shell LiveWire empowers its entrepreneurs with additional regional exposure, a platform to showcase their innovations, and valuable connections to help them scale and thrive.

Shell LiveWire: meeting challenges and leading enterprise development

Early-stage entrepreneurs often face limited market access, a lack of mentorship, and gaps in enterprise management that hold back promising ideas from reaching commercial viability. Shell LiveWire responds to these challenges through deep enterprise development, helping startups and community enterprises refine products, professionalise operations, and connect with wider markets.

Also read: How OneCFO is transforming startup finance in Southeast Asia

Established 42 years ago in Scotland and now active in 18 countries across six continents, Shell LiveWire is Shell’s flagship enterprise development programme dedicated to strengthening local economies by empowering entrepreneurs to build sustainable businesses. Introduced to the Philippines in 2020 by Shell Pilipinas Corporation and its social arm, Pilipinas Shell Foundation, Inc. (PSFI), the programme combines global expertise with local insight.

This approach ensures that Filipino innovators are not only supported within their communities but are also equipped to compete and collaborate on a regional and global stage. At Echelon Philippines 2025, this vision comes to life as Shell LiveWire’s cohort of tech startups and community enterprises showcase how local entrepreneurship can thrive within global value chains.

Shell LiveWire is joining the movement at Echelon Philippines 2025

Echelon Philippines 2025, e27’s premier event organised by Brainsparks, will take place on 2–3 September 2025 at Hall 4, SMX Convention Center Manila. The two-day conference brings together leading founders, investors, corporates, and policymakers for a convergence of ideas and action that drives the country’s tech ecosystem forward.

Designed to empower startups, scale-ups, SMEs, government agencies, and ecosystem enablers, Echelon provides the insights, connections, and tools needed for sustainable growth. This year’s focus is on capital readiness, collaboration across the ecosystem, and actionable playbooks for high-growth sectors.

Also read: How inDrive is challenging social injustice through mobility

Participants can expect dedicated content stages, exhibitions, panel discussions, and interactive knowledge-sharing activities that open new market pathways and increase brand visibility. Alongside these opportunities, the event offers access to growth and market access programmes, a curated digital solutions marketplace, and valuable peer-to-peer learning.

For Shell LiveWire, joining Echelon Philippines is a way to extend its support for Filipino entrepreneurs by connecting its startups and community enterprises to a wider regional audience. It is also an opportunity to explore new partnerships with investors, incubators, accelerators, and institutions that share its mission of building resilient, self-reliant communities.

Secure your spot now — join us as a participant, exhibitor, or official partner, and be part of the movement shaping the future of the Philippine tech ecosystem.

Enjoyed this read? Don’t miss out on the next insight. Join our WhatsApp channel for real-time drops.

This article is produced by the e27 team

We can share your story at e27 too! Engage the Southeast Asian tech ecosystem by bringing your story to the world. Reach out to us here to get started.

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Markets on edge: One inflation report could trigger a stock market surge or collapse

Global markets tread carefully today as traders hold back from bold positions ahead of the upcoming inflation report, which many expect to shape the Federal Reserve’s approach to interest rate reductions. Investors digest a mix of signals from recent economic indicators, with the overall mood reflecting caution rather than panic. The United States economy shows resilience, yet uncertainties linger about how quickly the Fed might ease policy to support growth without reigniting price pressures.

This delicate balance keeps risk appetite in check, as participants weigh the potential for softer inflation numbers against the backdrop of ongoing geopolitical tensions and domestic fiscal debates. Traders around the world monitor these developments closely, knowing that a single data point can swing sentiment dramatically, influencing everything from stock allocations to currency hedges.

In Europe, similar hesitancy prevails, with major indices like the FTSE and DAX showing minimal movement as they await ripples from United States data. Emerging markets, particularly in Latin America and Southeast Asia, feel the pinch more acutely, where local currencies fluctuate in tandem with the dollar’s strength, amplifying the global interconnectedness of these economic threads.

US equities performance

United States equities managed modest gains on Thursday, pushing the Dow Jones Industrial Average and the S&P 500 to fresh all-time highs. The S&P 500 rose 0.32 per cent, the Nasdaq climbed 0.53 per cent, and the Dow added 0.16 per cent. A key driver behind this advance came from the upward revision to second-quarter gross domestic product data, which revealed stronger growth than initially estimated at 3.3 per cent annually.

Consumer spending and business investments, particularly in artificial intelligence and related sectors, fuelled this surprise upside, according to economic reports. Such revisions often bolster investor confidence by signalling underlying economic strength, even as tariffs and trade frictions pose headwinds. Improvements in intellectual property investments, light trucks, and commercial structures helped offset earlier concerns about a slowdown.

Businesses ramped up spending on AI technologies, contributing to the revised figures and lifting market spirits. This positive data countered some of the gloom from prior quarters, where trade disputes had hindered expansion, reminding everyone that the economy rebounds when core drivers like consumption and innovation take hold.

Also Read: The US$18.7B ghost market: Why Asia’s femtech revolution starts with listening

Tech-heavy sectors led the charge, with companies involved in cloud computing and semiconductors posting notable gains, while traditional industries, such as manufacturing, showed steadier but less spectacular progress. Overall, the session highlighted a market that rewards resilience, even in the face of looming policy decisions.

Bond yields and currency movements

Bond markets reacted with nuance to the same data. The yield on the 10-year United States Treasury note fell three basis points to close at 4.21 per cent, indicating that investors seek safety in longer-term bonds amid expectations of Fed easing. In contrast, the two-year yield edged up two basis points to 3.63 per cent, reflecting bets on near-term policy adjustments. Yields typically move inversely to bond prices, and this divergence suggests the market anticipates a measured pace of rate cuts rather than aggressive action.

With inflation data on the horizon, traders position for outcomes that could either confirm cooling prices or reveal stubborn pressures, influencing the yield curve further. The curve itself has flattened somewhat in recent weeks, a sign that long-term growth expectations temper amid short-term rate volatility. Investors in fixed income parse these shifts meticulously, as they impact everything from mortgage rates to corporate borrowing costs, rippling through the broader economy.

The United States Dollar Index slipped 0.4 per cent to 97.81, extending its recent weakness as the greenback loses ground against major peers. A softer dollar often emerges when economic data points to potential rate reductions, as lower interest rates diminish the currency’s appeal to yield-seeking investors.

Currency traders adjust positions accordingly, with the euro and yen gaining modestly against the dollar in response. This movement also affects international trade, making United States exports more competitive while imports become pricier, potentially influencing inflation dynamics down the line. Emerging market currencies, often pegged informally to the dollar, experience their own volatility, with some appreciating as capital flows shift toward higher-yield opportunities elsewhere.

Commodities update

Gold prices advanced 0.6 per cent to US$3,416.69 per ounce, benefiting from the dollar’s retreat and its status as a haven asset during uncertain times. Precious metals like gold tend to shine when currencies weaken, and this move aligns with historical patterns where economic surprises drive safe-haven flows.

Central banks continue to accumulate gold reserves as a diversification strategy, adding to the metal’s upward pressure. Silver, often moving in tandem, saw similar gains, though industrial demand tempers its trajectory compared to gold’s purer safe-haven role. Investors turn to these assets when equities waver, providing a buffer against potential downturns.

Brent crude oil settled 0.8 per cent higher at US$68.62 per barrel, buoyed by hopes of a peace deal between Russia and Ukraine that could stabilise supply chains. Oil prices react sensitively to geopolitical developments, and any de-escalation reduces risk premiums baked into futures contracts.

Also Read: September’s market curse: Are you ready for the volatility storm?

Yet, broader economic data influences commodities too, with stronger growth potentially boosting demand for energy while a weaker dollar makes oil cheaper for foreign buyers. Supply-side factors, including OPEC decisions and United States shale production, play into this equation, creating a complex web of influences. Natural gas and other energy commodities follow suit, with prices edging up on seasonal demand expectations heading into cooler months.

Asian markets and futures

Asian equity markets opened with mixed results in the early session today, mirroring the cautious global tone. Some indices gained modestly on hopes of local stimulus, while others dipped amid concerns over the United States-China trade dynamics. For instance, Japan’s Nikkei rose slightly on the strength of the tech sector, while China’s Shanghai Composite edged lower due to regulatory news weighing on sentiment. The South Korean and Australian markets exhibited varied performances, with mining stocks benefiting from the uptick in commodity prices.

Futures for US stocks indicate a lower open, suggesting that the optimism from Thursday’s GDP report fades as attention shifts to the inflation print. Markets often pause before major releases like the Personal Consumption Expenditures index, which the Fed favours as its key inflation gauge.

If the data indicate that inflation is easing toward the two per cent target, risk sentiment could brighten, encouraging more inflows into equities and commodities. However, hotter-than-expected figures might spark fears of delayed cuts, pressuring stocks and strengthening the dollar. Traders in Asia, operating in earlier time zones, often set the tone for global sessions, making their reactions a bellwether for the day ahead.

Bitcoin’s recent movements

Bitcoin faces turbulence, halting its advance at around US$112,000 after a gradual loss of momentum last week. The cryptocurrency dropped to a multi-week low under that level on Friday, only to surge more than US$5,000 following Federal Reserve Chair Jerome Powell’s speech, which hinted at possible rate cuts.

Yet, selling pressure emerged quickly above US$117,000, pulling the price back to US$115,000 over the weekend. Bears intensified their push on Sunday evening, driving Bitcoin below US$111,000 and liquidating millions in long positions. A brief bounce occurred Monday morning, but the asset shed value again, tumbling to a seven-week low just under US$109,000 by Tuesday.

This volatility highlights Bitcoin’s sensitivity to Fed signals and broader economic cues, as lower rates typically boost risk assets like cryptocurrency by making borrowing cheaper and encouraging speculation. Traders note consolidation in the US$112,000 to US$117,000 range, with potential tests of higher resistance at US$118,000 to US$120,000 if support holds.

Others warn of further drops to US$106,000 if key zones are breached, emphasising the need for caution amid the current downtrend. Institutional interest remains high, with exchange-traded funds continuing to attract inflows, but retail traders bear the brunt of these sharp swings, often amplified by leverage.

Ethereum price analysis

Ethereum mirrors this bearish tilt, initiating a fresh decline from the US$4,700 area and displaying signs of weakening momentum. The token struggles to establish a footing above US$4,630, trading below US$4,550 and the 100-hourly simple moving average. A break below a bullish trend line at US$4,550 on the hourly chart exacerbates the downside, with the price now eyeing support at US$4,400.

Also Read: Markets at a crossroads: Trump’s Fed clash, Powell’s pivot, and global ripple effects

After testing US$4,320, Ethereum recovered above US$4,400 and US$4,450, surpassing the 23.6 per cent Fibonacci retracement of the drop from US$4,955 to US$4,310. However, bears defend the US$4,630 resistance fiercely, rejecting two attempts and enforcing a pullback below US$4,600. The 50 per cent Fibonacci level acts as a stubborn barrier, aligning with broader technical indicators flashing red. The hourly MACD gains pace in the bearish zone, while the RSI dips below 50, signalling oversold conditions but persistent seller control.

If Ethereum closes below US$4,400, losses could extend to US$4,320 or even US$4,250, with US$4,150 as the next major floor. Upside resistance looms at US$4,550 and US$4,600, but a clear break above US$4,630 might propel it toward US$4,720 or higher. Network activity, including decentralised finance transactions and non-fungible token sales, influences Ethereum’s price, with upgrades like sharding potentially offering long-term boosts but short-term volatility persisting.

Bottom line

The current setup strikes me as a classic inflection point where macro forces collide with asset-specific dynamics. The subdued global risk sentiment ahead of inflation data appears justified, given the pivotal role these releases play in steering Fed policy.

Lower-than-expected inflation could trigger a wave of relief rallies across equities and cryptocurrencies, as rate cuts would boost liquidity and embolden risk-taking. I view the GDP revision as a genuine bright spot, demonstrating that investments in technology, such as AI, can propel growth even amid challenges, and this could sustain stock highs if policy cooperation is maintained. However, cryptocurrencies like Bitcoin and Ethereum appear particularly vulnerable in this regard.

Bitcoin’s wild swings around Powell’s speeches reveal its role as a high-beta play on monetary easing, jumping on cut signals but retreating on profit-taking or macro jitters. Ethereum’s bearish technicals, with diverging momentum and oversold RSI, suggest exhaustion after its run-up, potentially dragging altcoins lower if Bitcoin falters further.

In my view, investors should approach with prudence, favouring diversified portfolios that include gold as a hedge against dollar weakness or oil for geopolitical plays. While the bull case for crypto in a low-rate world excites me, the risk of hotter inflation delaying cuts could extend this choppy phase, testing even the most steadfast holders.

Looking ahead, if the Fed delivers on expectations with a September cut at over an 88 per cent probability, we might witness a broader risk-on surge; however, persistent tariff threats and labor market softening add layers of complexity.

Ultimately, data will dictate the narrative, and I advise closely watching the PCE, as it holds the key to unlocking or constraining market momentum in the coming weeks. This environment rewards patience and informed decision-making, where jumping on every headline can lead to costly mistakes, but staying attuned to fundamentals often pays off in the long run.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Cracking the code-switch: How a Hong Kong AI firm helps turn linguistic chaos into commercial clarity

Fano exhibits with the HKSTP pavilion at the Singapore FinTech Festival 2024, showcasing advanced language AI solutions that transform voice data into actionable insights.

Fano exhibits with the HKSTP pavilion at the Singapore FinTech Festival 2024, showcasing advanced language AI solutions that transform voice data into actionable insights.

Multicultural societies involve complex daily conversations. In vibrant, multicultural hubs like Hong Kong, daily conversations wave effortlessly between Cantonese, English and Mandarin. A business meeting might shift languages in a heartbeat. Similarly, in Malaysia, English often dominates commerce, but side conversations might flow in Bahasa Malaysia, Mandarin or Tamil. This dynamic code-switching, a hallmark of diverse metropolises, fosters connection and accommodates varied linguistic backgrounds, shaped by immigration, regional influences and global pop culture. Yet, it can also create confusion, as non-professional interpreters struggle to convey nuances, risking miscommunications and lost trust.  

Fano, a provider of AI-based speech recognition services, aims to address this issue. Despite operating in a competitive space, Fano distinguishes itself through its extensive research, which underpins its solutions, its ability to handle the granularity of mixed language scenarios, and its capacity for insight generation based on the content it processes. Its solutions are domain-specific catering to the clients’ industries, with a focus on helping organisations understand customer intent, identify opportunity and guard against risk.

Tackling low-resource languages and diverse accents

Based in Hong Kong, the 10-year-old company is the product of real-world challenges that its founders — former researchers and professors at Hong Kong University — saw around them every day. It bills its solutions as globally applicable but Asia-focused, with support for 15-20 languages and emphasis on “low resource” ones like Cantonese. Despite being spoken by approximately 85 million people across Hong Kong, Macau, China’s Canton region, and overseas Chinese nationals, transcription data for Cantonese remains limited. 

This scarcity is compounded by the wide range of accents and intonations found in multicultural hubs like Hong Kong. As an international financial centre and a premier innovation and technology centre, the city attracts professionals from around the world. While their accents vary, many embrace the local language as part of their immersion in the community. Fano’s strategy involves gathering extensive data from all regions where the language is spoken to enable a robust model that recognises a wide range of intonations.

From Hong Kong roots to compliance-driven growth

Fano claims to process mixed language interactions that involve frequent switching with over 90% accuracy and can cut through and decipher thickly accented English in a way that others may not be able to.

“The language environment in Hong Kong is very complicated — too intricate for traditional AI to handle,” explains Dr Albert Lam, Fano’s Chief Technology Officer and Chief Scientist. “We can’t control how people speak, so we saw the need for technology to address these mixed language scenarios, not just identify what was being said, but truly understand the details.”

Dr Albert Lam, Fano's Chief Technology Officer and Chief Scientist.

Dr Albert Lam, Fano’s Chief Technology Officer and Chief Scientist.

Having completed a Series B funding round in May 2024, Fano is in expansion mode, with its eyes on Southeast Asia and the Middle East. In every market it operates in, finance and the public sector are core segments. Within those, as well as customer service applications, supporting compliance and risk management has become an important area. Its emergence was partly driven by the pandemic. Unable to pursue international growth plans under lockdown, Fano started to explore new ways to provide assistance to organisations in Hong Kong. 

“We thought, why don’t we explore how conversations evolve in banks? That led us to step into compliance, especially sales compliance,” says Dr Lam. One example of this is analysing conversations for omissions such as disclaimers and risk disclosures to avoid penalties from regulators. As non-banking financial organisations come under greater scrutiny, the breadth of companies it helps stay compliant looks likely to widen.

Mr. Paul Chan, Financial Secretary of HKSAR, visits Fano’s booth at the Hong Kong FinTech Week 2024 at HKSTP Pavilion. Fano demonstrated their innovative voice fraud and deepfake detection solutions, specifically designed for banks and financial institutions.

Mr. Paul Chan, Financial Secretary of HKSAR, visits Fano’s booth at the Hong Kong FinTech Week 2024 at HKSTP Pavilion. Fano demonstrated their innovative voice fraud and deepfake detection solutions, specifically designed for banks and financial institutions.

Fighting fraud and deepfakes with voice technology

Another potential application involves detecting fraudulent intent through voice screening of natural conversational speech using deep neural networks (DNN) as opposed to a pre-determined phrase. The process involves verifying someone’s identity using voice biometrics technology and it is content-independent, meaning the verification process can be completed while the conversation goes on. There are multiple benefits to this versatile approach, including the prevention of so-called replay attacks, where a bad actor gains access to a system by using recorded speech.

The need for technology to recognise the fine details of an individual’s voice is becoming pronounced as AI becomes more sophisticated in its ability to mimic the voices of others. Dr Lam says Fano has developed an “audio-defect model” to distinguish AI-generated voice content. He notes that this kind of defence technology exists in a constant state of evolution akin to antivirus software given the pace at which AI, and with it, deepfake capabilities, are advancing.

Moving towards agentic AI in customer service

Fano’s customer service support is evolving too. “We are moving to the agentic world,” Dr Lam says. Where AI is currently used to reduce the demands on human agents by performing relatively simple tasks, Fano envisages “AI agents” with far greater capacity for logic, decision making and overall autonomy. Key to this is the ability to reason — the interstitial between input in the form of data from a multitude of past conversations, and the ultimate output. 

Dr Lam sees this as the basis for “a group of AI agents working together” with different functions, some high-level and some lower, much like a human team. He underscores that while this would potentially save manpower and reduce costs, the focus would be on “helping customers achieve breakthroughs” rather than downsize their staff.

Hong Kong Science and Technology Parks Corporation leads park companies to participate in exhibitions and connect with investors worldwide, fulfilling its role of helping enterprise to go global and attract foreign investment to Hong Kong. 

Hong Kong Science and Technology Parks Corporation leads park companies to participate in exhibitions and connect with investors worldwide, fulfilling its role of helping enterprise to go global and attract foreign investment to Hong Kong.

Fano’s ambitious future is closely entwined with Hong Kong Science and Technology Parks Corporation (HKSTP). The organisation has been instrumental in helping Fano engage with customers in sectors and markets outside its immediate sphere, including those in the public service sector. Fano is currently working with HKSTP to explore the potential of its solutions for healthcare, as well as raising its profile in markets such as the UAE, Singapore, the UK and Europe.

As technology’s role in society expands, human and linguistic complexity remain a fact of life. Fano both celebrates this reality and offers practical tools to navigate it.

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e27 and HKSTP collaborated on this article.

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Ecosystem Roundup: Bitkraft’s Jonathan Huang on Web3 gaming revival | ViSenze joins Rezolve AI for APAC push | Investors wary of Trump-Intel deal impact

The story of Web3 gaming is beginning to resemble the broader cycles of technological disruption: hype, collapse, and eventual rebirth.

Jonathan Huang of Bitkraft Ventures highlights a crucial truth often missed in the first wave of play-to-earn experiments: games succeed only when they are fun. By treating blockchain as infrastructure rather than a selling point, the new generation of studios is shifting focus back to design, creativity, and long-term player engagement.

Huang’s dismissal of flashy but shallow narratives, like interoperable swords, reflects a welcome maturity. Instead, his emphasis on portable reputation and identity across games points to a far more meaningful use case for blockchain—one that addresses real gaps left by Web2 platforms. This pivot from gimmick to utility mirrors other industry resets, from the dot-com bust to the collapse of social gaming, which ultimately cleared the path for enduring innovations.

Southeast Asia’s evolving role is particularly noteworthy. Once the stage for speculative frenzy, the region fosters patient builders with multi-year visions. With its mobile-first gamers and openness to experimentation, it may again become the crucible for the next big wave. If history is any guide, sceptics should brace themselves: the real Web3 games are just getting started.

REGIONAL

ViSenze acquired by Nasdaq-listed Rezolve AI to power APAC expansion
ViSenze develops “breakthrough” visual search capabilities for retail and introducing multimodal AI search to revolutionise online and in-store product discovery | The move will transform ViSenze’s Singapore base into Rezolve’s regional headquarters for APAC expansion.

Temasek revamps into three entities in big shake-up
The three entities are Temasek Global Investments (TGI), Temasek Singapore (TSG), and Temasek Partnership Solutions (TPS) | It is in one of the biggest overhauls in the state-owned investor’s 51-year history, as it prepares for a new generation of leaders.

Atome defies market headwinds with 63 per cent income surge, US$4B GMV run rate
Net revenue surpassed US$500Min Q2 2025, driven by an over US$4B annualised GMV | The Atome PayLater Anywhere Card in the Philippines saw accelerated adoption, with the total number of cards issued exceeding 1.5M as of June 2025.

Tether, Binance, OKX join forces with police to halt US$50M crypto scam in SEA
This follows a similar high-profile case in November 2023, where Tether and OKX collaborated with the US to freeze ~US$225M in USDT | These funds were tied to an international human trafficking syndicate in SEA, which was also responsible for romance scams.

Atlas Consolidated scores US$18.1M to help banks escape legacy core systems
Investors are Getz, Inc. and Woodside Holdings | Atlas Consolidated will use the funds to accelerate the global expansion of its flagship platform, HugoHub, enabling financial institutions worldwide to embrace digital transformation.

Indonesian SaaS firm Mekari buys social commerce platform Desty
The deal will allow Mekari to integrate Desty’s inventory, order, and customer management tools with its existing financial, HR, and operational software | Mekari serves over 35,000 businesses and offers products for HR, payroll, accounting, CRM, and expense management.

Singapore’s Origgin Ventures debuts Japan arm for deeptech growth
The new initiative aims to connect research and startups between Japan and Southeast Asia by supporting commercialisation of university and corporate technologies | Origgin signed two MoUs with Japanese partners to support joint projects and strengthen the ecosystem.

Indonesian Web3 platform Hypr launches NFT-based F&B investments
The platform’s first portfolio company is DORÉ by LeTAO, a Japanese dessert brand known for its cheesecakes, which operates in Indonesia | Hypr uses NFT-backed smart contracts to secure investor profit rights and distributes monthly profits.

ZUZU Hospitality nets US$5.9M to scale AI-powered revenue platform for hotels
Investors include Wavemaker Growth, Velocity Ventures, Vulpes Ventures, and Latin Leap | The capital will accelerate the deployment and scaling of ZUZU’s AI-powered revenue management platform RevMate, expand data capabilities, and scale its go-to-market efforts.

Indonesia’s Bang Jamin secures US$4M pre-Series A to scale digital insurance
Investors include Braxton Capital, SBI Ven Capital, BNI Ventures, and BRI Ventures | Bang will use the capital to expand products, enhance technology, and penetrate underserved Indonesian markets through strategic B2B partnerships.

Bluente lands US$1.5M to scale AI-driven document translation worldwide
Lead investor is Informed Ventures | Singapore-based Bluente offers an AI-powered document translation platform that preserves exact formatting while delivering contextually accurate translations |Bluente’s AI preserves formatting across 120+ languages.

REPORTS, FEATURES & INTERVIEWS

Who uses AI-powered mobile apps? A closer look at audience and usage patterns
AI is no longer confined to experimental chatbots or specialist tools | It has spread across verticals, powering everything from calorie counters and editing software to lifestyle guidance platforms.

AI remains a travel underdog, but satisfaction soars among early adopters: Kaspersky
Only 28 per cent of travellers currently use the tech to plan their journeys, but a staggering 96 per cent of those who do report high satisfaction | 84 per cent of travellers plan to use it again.

Web3 gaming isn’t dead; it’s about to get good: Bitkraft’s Jonathan Huang
He says blockchain should be the infrastructure, not the value proposition | The design space only becomes interesting once you ask: are you solving a real problem in Web2 gaming, or unlocking a new kind of use case?

Asia leads global surge in AI-powered mobile apps, SensorTower finds
Beyond chatbots, AI has made significant inroads into categories such as health and wellness, jobs and education, financial services, and lifestyle | Over 200 apps in these sectors added AI references to their descriptions in just six months, signalling that developers are not only embracing the tech but also keen to highlight it to consumers.

Nakul Kothari on building, scaling, and the future of fintech
Nakul Kothari, Head of APAC & Middle East at Juspay, a global payments infrastructure platform, shares fintech insights from scaling payments across regions, urging startups to ground AI in real operational challenges.

INTERNATIONAL

SK Telecom fined US$97M over data breach affecting 23M users
The Personal Information Protection Commission imposed the penalty for inadequate protection of customer data and delayed breach reporting, and ordered SK Telecom to strengthen its data oversight | The Ministry of Science and ICT also recommended in July that the company waive penalties for customers leaving the network after the incident.

Alibaba in talks to refinance US$6.5B loan in 2026
The company is proposing a new five-year revolving credit facility, offering a rate of less than 80 basis points above the Secured Overnight Financing Rate to current lenders | Negotiations are ongoing, and terms may still change.

ByteDance said to eye US$330B valuation, plans share buyback
The repurchase, expected in autumn, will offer employees US$200.4 per share, up from US$189.9 about six months ago | ByteDance’s Q2 revenue reached around US$48B, up 25% year-on-year | In Q1, its revenue topped Meta’s US$42.3B, making it the largest social media company by sales.

SEMICONDUCTOR

Intel says it gets US$5.7B from US government for 10% stake
The government’s stake is intended as an incentive for Intel to retain control of its contract manufacturing business, known as its foundry | The White House said the deal is still being finalized by the Department of Commerce and remains under discussion.

Investors fear Trump’s Intel deal may affect private companies
Some investors and analysts warn that such deals could blur the lines between government and business interests, citing risks around insider trading, decision-making conflicts, and broader market implications.

US government has no plans to acquire Nvidia after Intel deal
Analysts and investors have expressed concern over the government’s growing influence in publicly traded firms, with some warning that such moves set a precedent for direct state intervention | Government stakes in strategic industries are more common in Europe and Asia, notably in China’s SMIC.

White House talks on China chip sales will take time: Nvidia CEO
Jensen Huang said talks had begun about selling a scaled-down chip that would be 30-50 per cent less capable than the original | Nvidia is seeking approval to access China’s estimated US$50B AI market.

Malaysian chip firm SkyeChip unveils first local edge AI processor
Edge AI processors are less powerful than advanced chips from companies like Nvidia, but the launch marks a significant step for Malaysia as it seeks to expand its role in the global AI sector | Malaysia already has a foothold in chip manufacturing and has recently increased its investments in AI.

Taiwan charges 3 in TSMC tech theft case
One of those charged is a former TSMC employee who later worked at Japanese chip equipment maker Tokyo Electron, and prosecutors are seeking a 14-year sentence for this person | Prosecutors allege the former employee persuaded ex-TSMC colleagues to share confidential technology, leading to indictments for two others.

GlobalFoundries says CHIPS Act does not involve equity
The announcement comes days after the US government converted CHIPS Act grants into equity at Intel, and made separate agreements with Nvidia and AMD to receive a share of their China sales revenue from advanced chips.

AI

Embracing AI evolution: The crucial role of data management and cybersecurity in AI success
In today’s hyper-connected digital landscape, the symbiotic relationship between data management, cybersecurity, and the success of AI cannot be overstated | As organisations increasingly rely on AI to drive business, the importance of robust data management practices and stringent cybersecurity measures becomes even more critical.

Glance AI wants to bring joy back to shopping with Generative AI
For years, online shopping has prioritised efficiency. Consumers search, browse, compare and, eventually, purchase. While effective, the process has often “lacked joy”| According to Mansi Jain, Senior Vice President of Glance AI, the company saw an opportunity to introduce creativity, fun and personalisation into the commerce experience.

THOUGHT LEADERSHIP

Eric Trump is headlining a Bitcoin conference and China just silenced its top officials
While political pressures threaten to stifle innovation in hubs like Hong Kong, the inexorable march of corporate adoption of Bitcoin suggests that decentralised finance may ultimately transcend national rivalries, offering a hedge against traditional economic uncertainties.

The US$18.7B ghost market: Why Asia’s femtech revolution starts with listening
Asia Pacific’s femtech market is projected to reach US$18.7B by 2030, yet remains starved of funding and attention | While fertility apps dominate headlines, our region’s real pain points- menopause-driven talent attritionare where transformational change begins. Yet its true potential hides in “ghost markets” where stigma silences suffering.

How a team of women designed the perfect e-commerce tool for Vietnam’s rural sellers
Across rural Vietnam, thousands of women entrepreneurs were adapting mainstream social platforms to create micro-businesses | They were selling everything from handmade crafts to fresh produce, often during live sessions where they could build personal connections with customers.

Rails of fortune: How China’s US$124B BRI boom is creating new startup arteries in SEA
State-backed giants China Galaxy Securities and China International Capital Corp are rolling out over US$1B in new private equity funds targeting Southeast Asia—focused on healthcare, AI, advanced manufacturing, renewables, consumer products, and even a US$100M fund for Malaysia’s gaming sector.

Joanna Wong’s second act: Reinvention as a founder strategy
For over two decades, Wong was a brand builder | She started in agencies, then spent 16 years at Eu Yan Sang, where she rose to become Head of Corporate Communications and Brand Management | It was there that she shaped campaigns across Asia.

How digital banking is driving financial inclusion in SEA
As digital natives, digital banks can leverage technology to lower the cost of funding and provide a better customer experience | For instance, using AI for customer service reduces labour dependency, turnaround times and customer waiting times, resulting in better efficiency and higher customer satisfaction.

Why tomorrow’s data scientists need storytelling skills to succeed?
The ability to communicate the analysis of data with precise acuity and brevity will become one of the most valuable skill sets moving forward, as Singapore accelerates its Smart Nation efforts, and as more companies turn to data to inform business recovery and future growth.

How blockchain is optimising payments, assets and workflows
The technology opens doors to progressive audiences (millennials and Gen Z) who demand instant digital services, international partners from regions with limited banking infrastructure, and B2B clients from industries with elevated transparency requirements (pharmaceuticals, food production).

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How DITP is connecting Thai startups with Philippine investors

Echelon Philippines 2025 on 2–3 September unites our Innovation Showcase Partner, The Department of International Trade Promotion (DITP) and the Philippines’ top tech disruptors in Manila. Be part of the movement!

Southeast Asia’s startup ecosystem is one of the fastest-growing in the world, with the Philippines emerging as a hotspot for innovation, investment, and digital adoption. Thai companies, known for their ingenuity in sectors such as healthcare, fintech, and transport, are increasingly looking abroad for opportunities to scale. Yet while the demand for cross-border collaboration grows, many startups still struggle with the challenge of finding the right partners and investors to accelerate their international expansion.

The Department of International Trade Promotion (DITP), under Thailand’s Ministry of Commerce through Thai Trade Center Manila, recognises this gap and has stepped forward to support Thai startups in bridging it. By connecting young companies with investors and ecosystem leaders in the Philippines, DITP is not only helping individual firms thrive but also strengthening regional trade and innovation ties. Get to know them at Echelon Philippines 2025!

Addressing common challenges in startup growth

For many early-stage and growth-stage startups, exposure is often limited to their home markets. Without access to international networks, scaling efforts can stall. In Thailand, this has meant that many promising businesses have seen strong success locally but have lacked meaningful opportunities to break into neighbouring markets.

As our Innovation Showcase Partner, DITP’s participation at Echelon Philippines 2025 directly responds to this challenge. By curating a delegation of 14 Thai startups under the Thailand Pavilion, the agency is providing a platform for these companies to showcase their products and services to Philippine investors, corporates, and government agencies. This first-time participation also marks an important step for DITP as it explores new ways to promote and support Thailand’s startup ecosystem internationally.

Meeting DITP at Echelon Philippines 2025 offers attendees the chance to engage directly with these startups, discover innovative solutions, and explore collaborative opportunities that extend beyond borders.

Also read: Innovators shaping the future at Echelon Philippines 2025

Thai startups at the Echelon Philippines 2025 Pavilion

  • 3DS (PAM) provides real time marketing automation. It turns customer data into meaningful journeys, simplifies complex processes, and helps brands connect with customers.
  • Ample Work researches, develops, and manufactures biodegradable plastics from Thai farm-sourced starch to replace single-use packaging.
  • Appointment Anywhere (AApoint) is an online appointment booking platform for service SMEs such as restaurants and clinics, integrated with Reserve with Google to allow customers to book directly through Google Search and Maps.
  • Awakern (HarJod) provides crowdsourced parking intelligence. They gather and share real-time parking information to make finding parking easier.
  • Buzzebees helps brands collect and unify customer data from online and offline channels, using AI for analytics, loyalty programs, receipt uploads, surveys, and e-commerce.
  • Daywork is an on-demand staffing platform that connects employers with nearby job seekers. It uses AI to create shortlists quickly and a two-way scoring system to improve worker and job quality.
  • Horganice is a property management platform that combines smart management tools, IoT devices, payment systems, and services.
  • Megenius (AIYA) provides AI-powered location-based marketing tools and AI chatbots, Messenger broadcasting, and live-stream sales management. AiBeacon detects nearby customers and sends promotions via the LINE app.

Also read: How inDrive is challenging social injustice through mobility

  • Prain Fintech (ChillPay) provides a payment gateway that connects merchants to over 30 payment channels on one platform. It is the only provider in Thailand offering next-business-day settlements for all payment methods.
  • QueueQ is a mobile app that lets customers book a queue spot from up to 2 kilometres away, with real-time updates and alerts when their turn is near.
  • Student Care is a school management platform that helps schools manage academics, student well-being, communication, and administration. Features include AI insights, instant parent communication, cashless payments, and digital document and dormitory management.
  • System Stone (Factorium) is a maintenance management app and contractor management system. Supports preventive and corrective maintenance, spare part tracking, and warehouse management.
  • Thai Marine Protection makes construction materials like anodes, special coatings, and epoxies for corrosion protection in steel and concrete structures.
  • Via Group provides a Mobility-as-a-Service platform for fixed-route transport. Products include a real-time transit app, smart stop signage, and a transit management system for operators and regulators.

DITP: leading the way in trade promotion and startup support

The DITP has long played a pivotal role in advancing Thailand’s global trade presence. Tasked with providing information to foreign buyers and facilitating international trade relations, DITP is represented globally by Thai Trade Centres, including the Thai Trade Center Manila.

With its mission to connect Thai startups to Philippine investors, DITP is going beyond traditional export promotion. Its involvement in Echelon Philippines is not only about showcasing products but also about fostering long-term partnerships that contribute to the growth of Thai businesses in international markets. The Thailand Pavilion’s participation highlights DITP’s proactive approach to aligning with emerging industries and creating meaningful exposure for startups.

Also read: How OneCFO is transforming startup finance in Southeast Asia

DITP is joining the movement at Echelon Philippines 2025

Echelon Philippines 2025, e27’s premier event, organised by Brainsparks, is a two-day conference on 2–3 September 2025 at Hall 4, SMX Convention Center Manila. It brings together the region’s leading founders, investors, corporates, and policymakers for a powerful convergence of ideas and action.

Echelon is a platform designed to empower startups, scale-ups, SMEs, government agencies, and ecosystem enablers with the insights, connections, and tools needed to drive sustainable growth. As the Philippines moves beyond early-stage momentum, Echelon Philippines 2025 focuses on capital readiness, ecosystem-wide collaboration, and actionable playbooks for high-growth sectors.

Expect dedicated content stages, exhibitions, panel discussions, and dynamic knowledge-sharing activities — all crafted to equip you with practical strategies, open new market pathways, and elevate your brand’s visibility. Participants will also gain access to growth and market access programmes, a curated digital solution marketplace, and invaluable peer-to-peer learning.

Whether you’re looking to scale your company, tap into emerging opportunities, or present your innovations to a global audience, Echelon Philippines 2025 offers an unmatched experience to connect, innovate, and grow.

Secure your spot now — join us as a participant, exhibitor, or official partner, and be part of the movement shaping the future of the Philippine tech ecosystem.

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This article is produced by the e27 team

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Featured Image Credit: DITP

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