Greenwave opens new R&D facility in Singapore

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Convergent with the recent ‘Smart Nation’ initiative launched by the Infocomm Development Authority (IDA) of Singapore, software company Greenwave Systems has launched a new research and development (R&D) centre on the Internet of Things (IoT), developing solutions for the high-growth sector. IoT refers to a network of interconnected gadgets and systems which communicate over the Internet. Research… Read more »

Croak.It acquired by Bangalore-based Exotel

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Singapore-based voice sharing social media app, Croak.It, was acquired by Bangalore-based cloud telephony startup Exotel, their first overseas acquisition. As of now, details of the deal are undisclosed. Following this acquisition, the co-founders of Croak.It, IIT Kharagpur graduates Protik Roychowdhury and Srinivasa Teja, the duo will now join Exotel. Incorporated in 2012,… Read more »


Taiwan’s largest e-commerce firm PChome forays into Thailand with $100m JV

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The e-commerce scene in South East Asia’s second largest economy is heating up. The latest entrant is Cal-Comp Electronics (Thailand) Plc, a subsidiary of New Kinpo Group and a leading global electronic manufacturing services (EMS) company, which has formed a joint venture with Taiwanese Internet media company PChome Online to provide… Read more »


BKAV partners with Qualcomm for smartphones

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Vietnam’s leading antivirus software provider BKAV has reached an agreement with semiconductor company Qualcomm to use the US-based group’s patent in producing BKAV smartphones, according to Qualcomm’s country director for Vietnam, Laos and Cambodia, Thieu Phuong Nam. Domestic media reported that BKAV was the first company in Southeast Asia to… Read more »


SEC seeks bids from service providers for Yangon Exchange

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The Securities and Exchange Commission (SEC) has invited applications for service providers for the prospective Yangon Stock Exchange, setting February 27 a deadline for submission of applications. The commission will grant four kinds of services licences – underwriters, dealers, brokers and consultants, prescribing different levels of capital requirement for each,… Read more »


Soft Space partners Maybank, Maxis for payment solutions

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Soft Space International Sdn Bhd, a digital payments technology provider is partnering with one of the larger financial group’s in Malaysia, MayBank and telecommunication company Maxis, to enable small, medium enterprises (SMEs) and small retail businesses to leverage off wireless payment mobility. Maybank targets to attract 4,000 new merchants in the first… Read more »


The next wave of super Startups? Look at CleanTech

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A blog post by cleantech private equity investor Rob Day of Black Coral Capital says that the next wave that venture capital funds, private equity firms and business development firms – may want to explore is the cleantech sector. Clean technology involves technologies and business models revolving around recycling, renewable energy (e.g. solar… Read more »


HK’s Bitspark ties up with Indonesia’s Artabit for Bitcoin-based remittance service

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Bitspark Limited, a Hong Kong venture, has inked a deal to collaborate with PT Artabit Indonesia (ArtaBit) to provide remittances services for Indonesian workers based in Hong Kong, who wish to remit cash. This is similar to what Bitspark had done in the Philippines. Using bitcoin as a mean of low-cost electronic… Read more »


MedTech startup VolitionRx looking at $12m potential funding

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VolitionRx, a Singapore-based medical technology venture that plans to bring low-cost cancer diagnostics tests to the masses, might be looking at a potential funding of up to $12 million. Beginning of the month, VolitionRX filed for an “uplisting” on the New York Stock Exchange (NYSE), superseding its existing listing on… Read more »


Startup Travels plans Asia Pacific expansion

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Startup Travels, a Copenhagen-based travel startup has big plans for Asia, particularly for the growth markets of Southeast Asia.  Prior to its Asian launch, it had already attracted 10,000 entrepreneurs from 130 countries and almost 1200 cities. Launched in October 2014, it functions as a platform and professional social network for… Read more »