Elaine Huang

Tripfez raises $750k led by Gobi Partners, Intres Capital

Founded in July 2013 and launched in October 2015, Tripfez generates revenue by buying room nights from hotels and wholesalers for a nett price and selling it at a higher price. It also intends to make money through its Salam Standard membership programme that features hotels that are Muslim-friendly, which is currently free for all to use.

Singapore: Plunify raises $2m Series A from Malaysia’s KMP

“What we see in Plunify is something well ahead of current solutions in terms of the innovation and problem-solving capabilities that the company is bringing to market,” said Shahril Anwar, CEO at KMP.

Singapore: BoxGreen secures $335k in round co-led by Expara, 500 Startups

The healthy snacks company will use the new funds to increase its headcount and product offerings. In return, it hopes that these efforts will help to bring in new customers and retain existing ones.

Visa opens innovation centre in Singapore, its first in Asia

“It’s a big day for us, it’s a big day for Singapore,” said Ryan McInerney, President at VISA, at the official launch this morning. As the world becomes increasingly focussed on being mobile-first, the company finds that it is important to look at the way people interact with their devices to see how it can get involved with the conversation.

Singapore’s iFashion Group buys INVADE for $1.1m

iFashion Group intends to continue acquiring other brands in the region to become the largest online and fashion group in Southeast Asia, from offline to online and fast-moving fashion to luxury goods, and within the secondhand market as well.

HTC to launch $100m virtual reality-focussed accelerator programme

Taiwan-based electronics manufacturer HTC Corporation has announced its plans to commit $100 million to launching a virtual reality-focussed accelerator programme.

Telcos milking network for free cash flow, hence a utility: Mitchell Kim, Maybank Kim Eng

Mitchell Kim tells DEALSTREETASIA about his thoughts on investments in the e-commerce sphere in China and Southeast Asia, how he sees cryptocurrency, and the role of telcos in today’s ever-changing technology landscape.

China Dealbook: Innovation Works’ fund adds $15m from IFC, Prometheus Capital leads $7m Series A round

World Bank-owned IFC has committed $15 million to a fund under Innovation Works, and Prometheus Capital has invested $7.7 million into mouse maker company Renhuang Sky

Entrepreneurship in China is like warfare, says Ku Kay-mok, Gobi Partners

In Ku Kay-mok’s eyes, venture capital is a long term game. Based out of Singapore, Ku Kay Mok, Partner at Gobi Partners, talks to DEALSTREETASIA about his thoughts on entrepreneurship, diversity and how he looks at chaos in China.

Three Singapore-listed firms acquire Holiday Inn Express property in UK

Three Singapore-listed companies — Heeton Holdings Limited, KSH Holdings Limited, and Lian Beng Group Ltd — have acquired Holiday Inn Express, a hotel property in Manchester, UK, through a joint venture firm Prospere Hotels Pte Ltd. This is the fifth joint acquisition in the UK by the three companies.