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Alibaba Cloud Plans to Invest US$1bn in Asia Pacific Countries in Support of Developing Talent Pool

Alibaba subsidiary, Alibaba Cloud announced its plans to invest USD $1billion across several Asia Pacific countries in developing a digital talent pool and empower the growth of 100,000 startups in the technological field. Current disclosed countries to be involved in the investment plans are Malaysia, the Philippines, Indonesia, and Singapore. The investment strategy is part […]

Australia’s Tenacious Ventures closes first agrifood tech fund at $27m

Specialist agriculture and food tech venture capital firm Tenacious Ventures has closed its first venture capital fund, securing A$35 millions ($27 million), according to an announcement. The fund was founded by Sarah Nolet, founder of agrifood tech advisory AgThentic, and Matthew Pryor, co-founder of agtech startup Observant, which was acquired by Jain Irrigation. Tenacious Ventures […]

Indonesia’s GoTo Group Plans Fundraising Before IPO Launch In 2021

Last week, two of Indonesia’s largest startup companies, Gojek and Tokopedia confirmed that they will be merging to form GoTo Group with a deal of US$18 billion to US$22 billion. The merger is said to be Indonesia’s largest with a combined entity of over 100 million monthly active users, 11 million merchant partners, and more than 2 […]

China Youran Dairy to raise up to $800 million in HK IPO

China Youran Dairy Group has started briefing investors on Tuesday as it looks to raise up to $800 million in its Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as the information was not yet made public. The company, backed by […]

Tonik Raised USD17Mil for Neobank Services in Philippines

The Philippines ‘ first Neobank Tonik successfully raised USD 17 million in the pre-series B funding that brings its total funding to USD 44 million. This funding is led by Singaporean VC firm iGlobe Partners. The round of investors includes Sequoia India, Altara Ventures, Insignia Venture Partners and newly joined investors are Baring Vostok Capital Partners, […]
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