The worldwide digital gaming market grew 7 percent year-over-year in March, according to research firm SuperData. This brought it to a new high of $8 billion.
Southeast Asia’s online travel spend is expected to reach $76 billion by 2025 and Google feels that’s one of the best areas for opportunity and investment in the region.
Ant Financial, the mobile and online payment platform owned by Chinese e-commerce giant Alibaba, has merged with helloPay Group, which runs the helloPay payment platform on online shopping and selling platform Lazada.
Zen Rooms, a budget hotel network targeted predominantly at Southeast Asia, has closed a $4.1 million Series A round to expand its presence in the region, according to Techcrunch.
Sycamore Media, the parent company of entrepreneur media platform, Inc., has raised US$1.2 million from REAPRA, a Singapore-based VC led by Shuhei Morofuji.
Venture capital is soaring in Southeast Asia, and that bodes well for the region’s startups, according to Nikkei Asian Review.
Japan will propose a plan for improving customs procedures and e-commerce in the Association of Southeast Asian Nations, an effort to spur progress in negotiations for a free trade agreement in the wider Asian region, according to Nikkei Asian Review.
Google today announced that it will invest in a new subsea cable that will connect Singapore to Perth and Sydney in Australia (with a branch to Jakarta, Indonesia). The so-called Indigo cable will be almost 5,600 miles long and will be built by a consortium that also includes AARNet, Indosat Ooredoo, Singtel, SubPartners and Telstra.
Entrepreneurs and venture capital firms view Southeast Asia as largely uncharted territory offering huge potential and opportunities, according a report by China Daily.
Twitter is losing the head of its Asia Pacific business, Aliza Knox, after she announced the end of her near-five year tenure with the company, according to TechCrunch.