AsiaConnect Team

East Ventures Launches $100m South Korea Fund with SV Investment

East Ventures Launches $100m South Korea Fund with SV Investment

East Ventures Launches $100m South Korea Fund with SV Investment ast Ventures, a leading early-stage venture capital firm in Southeast…
Belgium probes Alibaba hub amid spying concerns

Belgium probes Alibaba hub amid spying concerns

Belgium probes Alibaba hub amid spying concerns Belgium’s state security service is investigating Alibaba’s European hub in Liege over concerns…
Ripple gets license for digital token services in Singapore

Ripple gets license for digital token services in Singapore

Ripple gets license for digital token services in Singapore Ripple gets license for digital token services in Singapore Ripple, a…
Taiwan tech firms help Huawei build chip plant network in southern China

Taiwan tech firms help Huawei build chip plant network in southern China

Taiwan tech firms help Huawei build chip plant network in southern China Taiwan tech firms help Huawei build chip plant…
Singapore-based Rainforest posts 9x jump in 2022 revenue

Singapore-based Rainforest posts 9x jump in 2022 revenue

Singapore-based e-commerce aggregator Rainforest has reported a 9x jump in 2022 revenue, reaching US$37.5 million from US$4.2 million in the…
TikTok Shop officially closes in Indonesia tomorrow

TikTok Shop officially closes in Indonesia tomorrow

TikTok Shop, the social commerce platform owned by TikTok, will officially close in Indonesia tomorrow, October 4, 2023. This comes…
Singapore launches $15m cybersecurity center to boost economy

Singapore launches $15m cybersecurity center to boost economy

Singapore launches $15m cybersecurity center to boost economy Singapore has launched a $15 million cybersecurity center to boost the country’s…
Co-founder of short film platform Viddsee steps down

Co-founder of short film platform Viddsee steps down

Derek Tan, the co-founder of Viddsee, a Singapore-based short film platform, has stepped down from his executive role as the…
Fitch maintains A+ rating for Tencent, expects ‘steady’ revenue growth

Fitch maintains A+ rating for Tencent, expects ‘steady’ revenue growth

Fitch Ratings has affirmed Tencent’s A+ issuer default rating (IDR) and senior unsecured rating with a stable outlook, expecting “steady”…
Microsoft Mulled Selling Bing Search Engine to Apple

Microsoft Mulled Selling Bing Search Engine to Apple

Microsoft reportedly considered selling its Bing search engine to Apple in 2020, according to people with knowledge of the matter…