Category: Tech News

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Fight climate change by eating your leftovers this holiday season

In my family, there are two traditions when it comes to holiday meals: there must be way more food on the table than everyone can eat, and everyone must take home a plate of food at the end of the meal to make sure all the hard work that went into its preparation wasn’t wasted.… Continue reading Fight climate change by eating your leftovers this holiday season

Chinese AI-based drug maker Xbiome bags nearly $100m in Series B round …

Xbiome, a Chinese drug development platform that utilises AI, has pocketed nearly $100 million in a Series B round.  The fresh round saw participation from investors including 5Y Capital, Legend Capital, China-focused private equity firm Primavera Capital, Gaorong Capital, and HIKE Capital. Xbiome plans to primarily invest the proceeds in clinical trials, investigational new drug… Continue reading Chinese AI-based drug maker Xbiome bags nearly $100m in Series B round …

SG-based e-commerce aggregator Una Brands sets aside $35m for Indonesian brands

Singapore-based e-commerce brand acquirer Una Brands has set aside Rp500 billion ($35 million) as part of its Indonesian push. Una Brands will support local brands through acquisitions, capital injection, and operational support, it said in a statement on Wednesday. The startup said it has signed exclusive agreements with several Indonesian brands and targets to acquire… Continue reading SG-based e-commerce aggregator Una Brands sets aside $35m for Indonesian brands

China’s NASN Auto bags $78m from GL Ventures, CATL, others

NASN Automotive Electronics (NASN Auto), a manufacturer of electronic products used in automobiles, has closed a Series C funding round raising 500 million yuan ($78 million). Investors who participated in the round were: Hillhouse Capital’s venture capital arm GL Ventures, Bank of China’s Hong Kong-based subsidiary Bank of China Group Investment, CMC-SDIC Capital, and CATL… Continue reading China’s NASN Auto bags $78m from GL Ventures, CATL, others

People’s Digest: ShopUp hires new CFO; Openspace adds third general partner

Bangladesh-based ShopUp has hired former CICC executive director and head of Singapore M&A Vashistha Maheshwari as its CFO, while Openspace has promoted executive director Jessica Huang Pouleur as its third general partner. ShopUp hires chief financial officer Bangladesh-based business-to-business (B2B) commerce startup ShopUp has hired former China International Capital Corporation (CICC) executive director and head… Continue reading People’s Digest: ShopUp hires new CFO; Openspace adds third general partner

US pension commits $125m to Bain Capital’s second Asia special situations fund

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading US pension commits $125m to Bain Capital’s second Asia special situations fund