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The coolest concept car at the New York auto show is a Kia

Crazy looking concept cars have become a rarity at the New York auto show in recent years as carmakers focus more on production models. Some brands, like Kia, still bring fanciful concepts to the show. This year, Kia debuted the HabaNiro concept at the show. The eye-catching electric concept SUV features butterfly doors along with a slew of autonomous driving and artificial intelligence technology. The 2019 New York International Auto Show will be open to the public until April 28 at the Javit...


Saleswhale lands $5.3 mln Series A

Singapore-based Saleswhale, which uses artificial intelligence to automate sales emails, has raised $5.3 million in Series A funding, according to a blog post on its site. Monk’s Hill Ventures led the round with participation from GREE Ventures, Wavemaker Partners and Y Combinator.
Tags: Singapore, Trends, VC Deals, Hill Ventures, GREE Ventures Wavemaker Partners


Tay joins TA Associates

TA Associates said April 23 that it hired Andrew Tay as a senior vice president in its Hong Kong office. Tay was previously a vice president at Baring Private Equity Asia in the firm’s Singapore office. PRESS RELEASE TA Associates Announces New Hire in Hong Kong BOSTON and HONG KONG, April 23, 2019 – TA Associates, a leading global growth private equity firm, today announced the hiring of Andrew Tay as a Senior Vice President in its Hong Kong office. “We are pleased to welcome Andrew to TA Assoc...
Tags: Asia, Hong Kong, China, Singapore, Trends, People, Asia Pacific, New Zealand, Columbia University, Ta, Andrew, Asia Pacific region, Tay, SDA, Andrew Tay, Operations Research


Wirecard lands $1 billion investment from Japan’s Softbank: Reuters

BERLIN (Reuters) – Japan’s Softbank Group Corp will buy a 5.6 percent stake in Wirecard for around 900 million euros ($1 billion), the German company said on Wednesday, joining forces in the digital payments sector. Shares in Wirecard jumped 10 percent to the top of Germany’s blue-chip index as analysts welcomed the investment as a vote of confidence in the business that will allow the Munich-based firm to enlarge its operations in Asia. Under the agreement, Wirecard will issue bonds exclusively...
Tags: Asia, South Korea, Japan, Germany, Berlin, Singapore, Softbank, Trends, Munich, Credit Suisse, Dax, Financial Times, Reuters, SoftBank Group Corp, Reuters Japan, Commerzbank


Biotech startup RWDC Industries snaps up $22 mln

Singapore-based biotech startup RWDC Industries has raised $22 million in funding. Vickers Venture Partners and Eversource Retirement Plan Master Trust, the pension fund of Eversource Energy, led the round. Source: Press Release
Tags: Singapore, Trends, Healthcare, VC Deals, Eversource Energy, Vickers Venture Partners, RWDC Industries


Binance’s hotly-anticipated Singapore crypto exchange is now live — and underwhelming

Binance, the company widely seen as the world’s largest crypto exchange, has officially set up shop in Singapore after it launched a service in the country. The new Singapore service, however, bears more of a resemblance to U.S. rival Coinbase than a classic Binance exchange. Binance’s rapid ascent is thanks to a service that lets users trade a range of crypto tokens with very little verification or individual data required. It’s Singapore venture is quite the opposite: it allows customers to...
Tags: Asia, Money, Southeast Asia, Singapore, Tech, Spokesperson, Author, Economy, Uganda, Bitcoin, United States, Cryptocurrencies, Coinbase, Cryptocurrency, Blockchain, Decentralization


World stocks mixed, oil soars on Iran sanctions fears

SINGAPORE (AP) — World stocks were mixed on Tuesday ahead of the release of U.S. housing data and more earnings reports. Oil prices soared to their highest level since October on supply fears, after the Trump administration said it would soon impose sanctions on all buyers of Iranian oil. Markets across Europe reopened after the […]
Tags: Europe, Business, News, Singapore, Iran, Ap, Nation, Trump, Nation & World


Asian stocks rise, oil soars on Iran sanctions worries

SINGAPORE (AP) — Asian stocks mostly rose Tuesday and oil prices soared to their highest level since October after the U.S. said it would soon impose sanctions on all buyers of Iranian oil. Japan’s Nikkei 225 index closed 0.2% higher at 22,259.74 and the Kospi in South Korea added 0.2% to 2,220.51. Hong Kong’s Hang […]
Tags: South Korea, Hong Kong, Business, Japan, News, Singapore, Iran, Ap, Nation, Nation & World


Resurgent HappyFresh raises $20M for its online grocery service in Southeast Asia

It’s been a tricky past few years for HappyFresh, the startup seeking to bring Instacart-like grocery deliveries to Southeast Asia. It’s been through a series of rebuilding measures, but there’s light at the end of the tunnel after it announced a $20 million Series C. Launched in 2015, HappyFresh quickly raised $12 million to expand its vision of digital deliveries across Southeast Asia. In late 2016, however, the tough economics of its business saw it pull out of two markets, as it raised an...
Tags: Fundings & Exits, TC, Asia, Indonesia, Finance, China, Southeast Asia, Singapore, Funding, Tech, Ceo, Economy, Thailand, Philippines, Malaysia, Middle East


I flew out of the most hated airport in the US — and I was shocked at how much better it became in less than a year

New York's LaGuardia Airport has a reputation for being one of the worst airports in the US. I reviewed my experience flying out of Terminal B in December 2017 and found it to be dirty, cramped, and poorly lit. I flew out of the terminal again in November 2018 and noticed improvements. In its current state, LaGuardia is still not equipped to be a transit hub for one of the biggest cities in the world, but recent improvements indicate that it's on the right track. Visit BusinessInsider.com for ...
Tags: New York, Singapore, US, Trends, North America, Laguardia, Laguardia Airport, Jet Airways, Changi Airport, JD Power


Sequoia reveals first cohort for its ‘Surge’ accelerator program in India and Southeast Asia

Back in January, Sequoia India announced plans for its first early-stage startup accelerator program in India and Southeast Asia, and today the firm revealed the first cohort of 17 startups. To recap, the program — which is called Surge — gives each startup a $1.5 million check and participation in a four-month program that’s split across India and Singapore, as well as the wider Sequoia global presence in China and San Francisco. The program kicked off last month, but the startups were only unv...
Tags: Google, Fundings & Exits, Facebook, Y Combinator, Asia, Business, Indonesia, Entrepreneurship, China, Southeast Asia, Singapore, India, Funding, San Francisco, Tech, Spokesperson


Learn Mandarin In Singapore: Why It’s So Beneficial When Starting Up An International Business

Mandarin is the most widely spoken first language of the world. Many countries, among them Singapore, speak it. If you’re in Singapore, you can learn Mandarin in many ways through private schools, local community clubs or government-accredited agencies. Aside from gaining new knowledge and fluency in another language, learning Mandarin is also beneficial when it comes to starting up an international business. Here’s why: 1. You can be at par with the competition. Learning Mandarin through lan...
Tags: Startups, China, Singapore, Culture, Chinese Culture, Language, Others, Mandarin, Yi Mandarin


VC-backed Onfido appoints CTO and CRO

Onfido, a identity verification provider, has named Kevin Goldsmith and Thomas Ammirati as chief technology officer and chief revenue officer, respectively. Also, Onfido has added Frank van Veenendaal, former chief sales officer and vice chairman of Salesforce, to its board. Onfido’s backers include SBI Investment and Salesforce Ventures. PRESS RELEASE 18th April 2019, LONDON and SAN FRANCISCO: Global identity verification provider Onfido today announces that Thomas Ammirati and Kevin Goldsmith ...
Tags: Spotify, London, Singapore, US, San Francisco, Trends, People, Salesforce, Cto, Salesforce Ventures, Thomas, Onfido, Kevin, Bitstamp, Kevin Goldsmith, Frank van Veenendaal


China’s Luckin Coffee raises $150 mln from BlackRock, others: Reuters

China’s Luckin Coffee, a self-declared challenger to Starbucks Corp, has raised $150 million in its latest round of funding from investors including BlackRock Inc, which values the company at $2.9 billion. The investment, $125 million of which came from a private equity fund managed by BlackRock, follows a $200 million funding round in November that had increased the company’s valuation to $2.2 billion, Luckin said in a statement on Thursday. The up-and-coming coffee chain with ambitions to chal...
Tags: China, Singapore, Trends, Credit Suisse, Goldman Sachs, Starbucks, Morgan Stanley, Blackrock, Reuters, BlackRock Inc, Starbucks Corp, GIC, PE Deals, U S IPO, Consumer/Retail, Luckin Coffee


Singapore's March CPI seen edging up at 0.6 percent year-on-year: Reuters poll

Singapore's annual headline and core inflation are expected to have accelerated in March due to higher transport costs, a Reuters poll showed on Thursday.
Tags: Money, Singapore, businessNews, Reuters


Coinbase launches in 11 countries with crypto-to-crypto conversions only

Coinbase has been available in 42 countries around the world before today — mostly in North America, Europe, Australia and Singapore. Today, the company is aggressively expanding by opening 11 countries at once in Latin America and South East Asia. But there’s a trick — there’s no crypto-to-fiat conversions. Coinbase competitor Binance has taken the crypto world by storm by focusing on crypto-to-crypto conversions. You can only fund and withdraw cryptocurrencies from your Binance account. And...
Tags: Startups, Singapore, New Zealand, Latin America, Coinbase, Cryptocurrency, Blockchain, Litecoin, South East Asia, USDC, North America Europe Australia, Distributed Ledger, Binance, Argentina Mexico Peru Colombia Chile India, Hong Kong South Korea Indonesia the Philippines


TPG-led investor group to invest in jewelry brand APM Monaco

A TPG-led investor group has agreed to invest in APM Monaco, a jewelry brand. No financial terms were disclosed. According to terms of the deal, TPG and its partners China Synergy and Trail will acquire a minority stake in APM Monaco. Natixis provided financial advice to APM Monaco on the transaction. PRESS RELEASE BEIJING, April 17, 2019 /PRNewswire/ — China International Capital Corporation Limited (CICC) today announced that TPG, a leading global alternative asset firm, has led a consortium o...
Tags: Asia, Hong Kong, Europe, France, China, Singapore, Trends, Beijing, Frankfurt, Paris, Monaco, Mainland China, Company, ODM, Paul Weiss, Natixis


Singapore seizes water plant from Hyflux after launching accounts probe

Singapore moved to take control of debt-laden Hyflux's key water treatment plant on Wednesday, a day after authorities said they were reviewing the company's disclosures to see if it has breached any laws.
Tags: Money, Singapore, businessNews, Hyflux


PathAI raises $60 mln

PathAI said April 17 that it raised $60 million in Series B funding led by General Atlantic. General Catalyst invested in the round and other existing investors. PathAI, of Boston, provides artificial intelligence-powered technology for pathology. PRESS RELEASE PathAI Secures $60M in Series B Funding Led by General Atlantic and Existing Investor General Catalyst Computational Pathology Leader Plans to Accelerate Industry Impact Boston, Mass. – April 17, 2019 – PathAI, a global provider of artifi...
Tags: Boston, Singapore, Trends, Atlantic, Novartis, General Atlantic, General Catalyst, Bristol Myers Squibb, VC Deals, Atlantic General Atlantic, David Fialkow, PathAI, Michelle Dipp, Andy Beck, San Francisco Palo Alto New York City, Airbnb BigCommerce ClassPass Datalogix


Monk’s Hill Ventures appoints two as partners

Southeast Asia-based Monk’s Hill Ventures, an early-stage tech venture firm, has named Michele Daoud and Justin Nguyen as partners. The appointments became effective immediately. Daoud’s background includes leadership roles at Udemy, Google and Oliver Wyman while Nguyen joined MHV as an operating adviser in 2016. PRESS RELEASE Singapore, April 16, 2019 – Monk’s Hill Ventures (‘MHV’), a leading Southeast-Asia early-stage tech venture capital firm, today announced the appointment of Michele Daoud ...
Tags: Asia, China, Southeast Asia, Singapore, Trends, People, Thailand, United States, Silicon Valley, Vietnam, Justin, Kuala Lumpur Malaysia, Oliver Wyman, Michele, Africa Middle East, Nguyen


Gosk joins General Atlantic

Michael Gosk has joined General Atlantic as an operating partner. Gosk was previously vice president and chief tax officer at General Electric. PRESS RELEASE Michael Gosk Joins General Atlantic as Operating Partner New York – April 15, 2019 – General Atlantic, a leading global growth equity firm, announced today that Michael Gosk, former Vice President and Chief Tax Officer at General Electric (“GE”) has joined the firm as an Operating Partner. Based in New York, Mr. Gosk will provide expertise ...
Tags: New York, Ge, Singapore, Trends, People, Atlantic, Bill Ford, Kpmg, General Electric, General Atlantic, Michael, GE Capital, McDermott Will Emery, New York University School of Law, About General Atlantic General Atlantic, Munich Palo Alto São Paulo Shanghai


Malaysia's Petronas acquires Singapore-based solar power company Amplus Energy

Malaysian state-owned oil and gas firm Petronas said on Monday it had acquired a Singapore-based solar energy company as part of a strategy to move into renewable energy, chasing high-growth business to complement its mainstay operations.
Tags: Money, Singapore, businessNews, Malaysia, Petronas, Amplus Energy


Most Asian currencies slip as MAS adds to slowdown concerns

Most Asian currencies edged lower against a stronger dollar on Friday, as slower growth expectations by Singapore's central bank reinforced concerns about the health of the global economy.
Tags: Money, Singapore, businessNews


Singapore central bank stands pat on monetary policy as growth eases

Singapore's central bank on Friday kept its monetary settings unchanged after two consecutive rounds of tightening, as policymakers expect slower growth and inflation for the city state in the face of 'significant' global economic risks.
Tags: Money, Singapore, businessNews


Singapore's airport goes for retail high with billion-dollar mall

A sprawling retail complex with the world's tallest indoor waterfall is what Singapore hopes will bring more travellers and visitors to the airport to shop and dine.
Tags: Money, Singapore, businessNews


Asian shares fall as Fed minutes show data may tweak stance

SINGAPORE (AP) — Asian markets were mostly lower on Thursday after the U.S. Federal Reserve released minutes of its meeting in March. While most officials believed the central bank would leave interest rates unchanged for the rest of the year, several said their views could shift with incoming data. Hong Kong’s Hang Seng gave up […]
Tags: Hong Kong, Business, News, Singapore, Ap, Nation, Fed, U S Federal Reserve, Nation & World


BNP Paribas beefs up NZX credentials as depositary participant

BNP Paribas has expanded its local credentials, becoming the first global custodian to join NZX Clearing Depository. NZX today accredited the Australian branch of the French bank as a depository participant. Its Singapore branch... [Author: [email protected]]
Tags: Business, Singapore, BNP Paribas, NZX Clearing Depository NZX


CleverTap scores $26 mln Series B

CleverTap, a customer lifecycle management platform, has secured $26 million in Series B funding. Sequoia India led the round with participation from Tiger Global Management and Accel. PRESS RELEASE SAN FRANCISCO, CA, (April 10, 2019)— Customer lifecycle management platform, CleverTap, today announced a $26 million Series B funding round, led by Sequoia India with participation from new investor, Tiger Global Management, and existing investor Accel. The funds will be used to accelerate CleverTap...
Tags: Europe, Singapore, Americas, San Francisco, Trends, Tiger Global Management, Accel, Recruit Holdings, APAC, VC Deals, Scott Shleifer, Sequoia India, CleverTap, Sequoia Capital India Advisors, Mohit Bhatnagar, Prashanth Prakash Partner


Police bust 2 goons linked to $3B OneCoin cryptocurrency pyramid scheme

Two men were charged in Singapore today for promoting a cryptocurrency-based multi-level marketing scheme. Local police believe this is the first case of its kind in the country. The perpetrators in question had been promoting the notorious multi-billion dollar pyramid scheme OneCoin, Channel News Asia reports. One of the men was also charged with running a company called One Concept Pte Ltd set up to promote the scheme. Singapore residents that took part in the scheme were sold educational cour...
Tags: Startups, Asia, Singapore, Cryptocurrency, Blockchain, Hard Fork, OneCoin Channel News, One Concept Pte Ltd


ShopBack, a cashback startup in Asia Pacific, raises $45M from Rakuten and others

ShopBack, a Singapore-based startup that offers cashback and consumer rewards in Asia Pacific, has closed a $45 million round led by new investors Rakuten Capital and EV Growth. Founded in 2014, the startup had been relatively under-the-radar until late 2017 when it announced a $25 million investment that funded expansion into Australia among other things. Now, it is doubling down with this deal which sees participation from another new backer, EDBI, the corporate investment arm of Singapore’...
Tags: Food, Fundings & Exits, Ecommerce, Asia, Business, Indonesia, Australia, Southeast Asia, Singapore, Funding, Tech, E-commerce, Ceo, Economy, Taiwan, Companies



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