Changi Airport Group (CAG) and WeChat Pay announced that they have inked a three-year marketing partnership for joint shopping promotions at the airport.
Singapore-headquartered robo-advisory solutions provider Bambu announced that it has completed a $3 million Series A funding round led by Franklin Templeton Investments.
Cainiao Network has made a US$290 million cash investment in Hangzhou-headquartered logistic service Dianwoda to strengthen its capability in last-minute delivery.
Indonesia has overturned its ban on Chinese video app Tik Tok after it agreed to censor “negative content”, according to the Communications Ministry cited by Reuters in a report.
Although China’s internet penetration is just over 50%, its sheer scale means that there are 3x the number of smartphone users and 11x the number of mobile payment users in China than in the U.S, according to a recent China Internet Report released by Abacus, 500 Startups and the South China Morning Post.
Ride-hailing giant Grab announced it is stepping into the on-demand grocery delivery service with the introduction of GrabFresh.
Indonesian ride-hailing giant Go-Jek has confirmed that it will expand its business to Singapore this year, following moves to Vietnam and Thailand.
Malaysian co-working space startup WORQ has raised a RM10 million (US$2.5 million) in funding from Bangsawan Consulting and Philip Capital.
Ascend Money, which operates the consumer-facing TrueMoney brand across six Southeast Asian countries, served 21.1 million customers in 2017.
Credit management startup AsiaCollect announced it has raised an undisclosed funding led by SiG Asia Investments.