Micron to invest $4b to expand Singapore facility

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Micron Technology (Micron – NASDAQ:MU) will invest about $ four billion to expand its fabrication plant in Singapore, the company said, marking one of the largest investments in the semiconductor space in the city state. The chipmaker said it plans to add another 255,000 square feet of clean room space… Read more »

Exclusive: YuuZoo in early talks to raise $100m, mulls secondary listing on NASDAQ

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Singapore-based social and e-commerce firm YuuZoo Corporation is in early talks with financial investors to raise up to S$100 million, to fund growth, a top company executive said. YuuZoo, the first and the only social e-commerce network operator to be listed on the Singapore exchange, is expected to sell about 20… Read more »


SM Prime, Solar forge $20m VOD biz in PH

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Philippine property developer SM Prime Holdings Inc and Solar Entertainment Corp — via their business units — signed a memorandum of understanding (MOU) on Thursday to develop video-on-demand business (VOD) venture for the Philippines market. Top executives of SM Prime’s lifestyle and entertainment solutions company SM Lifestyle and Entertainment Inc. (SMLEI), and… Read more »


Investors warm up to Xurpas, shares up 50% on opening day

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Philippine company Xurpas Inc’s shares soared nearly 50% on its first day of trading, Tuesday, as investors jumped at an opportunity to grab a piece of the first technology startup to list on the local exchange. Shares of the company, which does mobile content like casual games, mobile stickers, messaging, among… Read more »


Singapore’s Gimmie secures $700k funding from IdeaRiverRun

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Singapore-based startup GimmieWorld Pte Ltd has secured $700,000 (MYR2.34 million) from private investment company and incubator IdeaRiverRun Sdn Bhd  (IRR), the companies said. Gimmie, which provides digital marketing tools such as loyalty and rewards programmes, will use the proceeds to support its Asian expansion. The company is also developing GimmieX, considered… Read more »


Aureus Analytics raises $850k seed funding from global angel investors

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Singapore-headquartered Big Data analytics startup Aureus Analytics Pvt Ltd has raised $850k from a group of marquee investors including Google India managing director Rajan Anandan, Hive Data’s managing director Arihant Patni and Murugappa group scion Arun Venkatachalam among others. The seed financing was led by Steven Sule, partner at Mumbai-based… Read more »


Appefize launches Celebrity Apps, mulls funding

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Philippines based software startup company Appefize has launched a new content-to-app platform, that turns entertainment media into “freemium” gamified multi-platform mobile apps. Appefize CEO Russel Tomas said by early next year, the company is contemplating an angel round or Series A funding. Co-founded by Carlos Campa, Terry Davies, Johnjee Aniban, and Steph Ong,… Read more »


Ideabox, Amazon Launch Myanmar in the Cloud

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Ideabox Myanmar announced that it has joined the Amazon Web Services (AWS) Activate program to provide more resources to its portfolio of startup companies. AWS Activate is a program designed to provide startups with the resources needed to get started quickly and easily on AWS platform. “It’s a great program to… Read more »


Temasek, Winklevoss twins invest $7m in FiscalNote

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Singapore wealth fund Temasek Holdings and Winklevoss twins, famous for their lawsuits against Facebook, have joined other investors to pump in $7 million in Series A funding into the US-based startup F​iscalNote, that uses artificial intelligence to predict the outcome of legislation. The investment was led by Visionnaire Ventures, a… Read more »


Remitly’s remittance volume to PH surpasses $100m

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US-based startup company Remitly, which enables residents to send money to the Philippines, has surpassed the $100 million (P4.5 billion) mark in its annual remittance volume, pushing its year-on-year growth rate to almost 400%. Remitly, however, did not disclose its percentage earnings of such transfers. In its bid to make… Read more »