Bain-backed Singaporean firm acquires data centres from Malaysia’s PNB

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The acquisition will support Singapore-based Bridge’s expansion of its Asia Pacific operations.

Bridge Data Centres

HK mobile games platform ALAX raises $3.8m from its token-based fundraising

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The blockchain project for games and applications said the funding will help drive product development, international expansion and recruitment.


Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars

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Volkswagen will also jointly buy some new cars with Didi to allow the Chinese company to expand its fleet.


Philippines to allow cryptocurrency operators in economic zone

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The Philippines will allow 10 blockchain and virtual currency companies to operate in an economic zone to take advantage of tax perks while generating employment.


China’s IC fund seeks foreign money for investments in semiconductor industry

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The Chinese government has set up a fund that aims to raise up to $31.7 billion to back a spectrum of domestic firms from processor designers to equipment makers.


China’s Didi exploring collaboration with automakers for ‘purpose-built’ cars

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Didi says it wants to establish “open platforms” whereby it could share its customer and operational skills with automakers or parts suppliers.


Australia’s tech unicorn Canva acquires presentation startup Zeetings

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Canva seeks to challenge PowerPoint’s traditional presentation software by letting meeting participants interact.


China’s NIO, Horizon Robotics gains fundraising momentum in car tech push

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Chinese investors have been pouring billions of dollars in developing or acquiring overseas technologies as the electric, autonomous and shareable-vehicle concepts disrupt the industry.


Vietnamese fintech space to continue to attract investor interest: EY report

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The tremendous scope for growth in fintech and retail banking sector in Vietnam is primarily driven by the demographics.


SpaceX seeks to raise $507m in latest funding round at $26b valuation

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The company has outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024.