Exclusive: Aemulus plans R&D, ops expansion, fundraising for 2015

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Malaysia’s semiconductor testing equipment designer Aemulus Corp Sdn Bhd has three strategies this year – to expand its research and development (R&D) resources and capex; expand its sales and marketing channels to China and the US; and to raise funds for those two strategies. Speaking to DEALSTREETASIA, founder and CEO… Read more »

MPU, 2C2P launch Myanmar’s first e-commerce payments platform

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Singapore-based payment services provider 2C2P (Cash and Card Payment Processor) and Myanmar Payment Union (MPU), the national payment network of Myanmar, have developed and implemented Myanmar’s first electronic commerce payments platform. The platform will allow MPU card holders to search, select and directly pay for online purchases, the firms said…. Read more »


Ooredoo, GSMA to develop app for farmers in Myanmar

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Ooredoo Myanmar is set to develop a new mobile application which aims to stimulate the development of Myanmar’s agricultural sector during this year with the support from GSMA (Groupe Speciale Mobile Assocition). GSMA, a confederation of telecom companies, telecom equipment makers and solution providers, is providing its support to the… Read more »


Rocket Internet backs Everjobs’ Asia, Africa expansion plans

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Rocket Internet is supporting the expansion of online jobs portal Everjobs across Asia and Africa, following its successful launch in Myanmar. Everjobs co-founder Ronald Schuurs said the company sees an immense opportunity to create a convenient job portal for fast growing economies in the two continents. “Everjobs challenges the status… Read more »


SpaceWays tapping into Australia’s $725m self-storage market

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After expanding operations across Europe,US and Canada, digital startup SpaceWays is tapping into Australia’s $752 million self-storage market. The UK-based startup announced its tech mission in Australia, saying the country is currently witnessing a rise of web-based home services, coupled with a booming home renovation market. According to SpaceWays co-founder Rob… Read more »


Carmudi gets $25m funding to boost Asia, Latin America operations

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Germany-based online car classified platform Carmudi, backed by Rocket Internet, raised $25 million to boost its operations in Asia and Latin America. Involved investors are Asia Pacific Internet Group (APACIG), a joint venture of Rocket Internet and Ooredoo, Holtzbrinck Ventures, a leading consumer internet investor, Tengelmann Ventures, a division of… Read more »


Dianping in talks to raise $800m from investors including Tamesek

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China’s leading restaurant review and group-buying app Dianping Holdings Ltd is in talks to raise around $800 million from a group of investors that includes, Tencent Holdings Ltd, as well as Singapore state-fund Temasek Holdings, private-equity firm Fountainvest Partners, and Chinese conglomerate Wanda Group, a report said, citing people familiar with… Read more »


YuuZoo acquires Infocomm Asia for $14.4m in shares

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Singapore-based social and e-commerce firm YuuZoo Corporation has bought 100 per cent of gaming company Infocomm Asia Holdings (IAH), for about $14.4 million in shares. YuuZoo will acquire all shares of loss making IAH, and in exchange issue 50 million consideration shares at an issue price of S$1 apiece. This is… Read more »


Singapore’s data analytics startup Latize raises Series AA round

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Singapore-based startup venture, Latize, which focuses on linked data analytics solutions, completed a Series AA round of funding. The financing was led by August Capital Partners (ACP) and Spring Seeds Capital (SSC) along with other unnamed private investors. The amount is claimed to be in single-digit millions. The latest round of funding will be used to grow capacities… Read more »


MoneyMax pioneers online pawnbroking platform

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Catalist-listed MoneyMax Financial Services just launched MoneyMax Online, making it Singapore’s first pawnbroking chain to offer an online platform and mobile application for buying, selling and appraising valuables. Both website and mobile app have been designed to make it more convenient for customers to value their pre-owned items, such as jewellery,… Read more »