Startups
Indonesian startups chasing growth test waters in the Gulf
Startup funding in Indonesia has been on a decline since 2021
MiniMax, China’s second ‘AI tiger’ to go public, doubles in value on Hong Kong debut
The listing, which raises HK$4.8 billion in its IPO to fund R&D, easily outshines a solid 13% climb in Thursday’s debut by Zhipu AI
Musk’s xAI reports wider quarterly loss, plans to power Optimus
The startup has been raising both equity and debt
Baillie Gifford, GIC are said to buy shares in MiniMax’s HK$4.8 billion Hong Kong IPO
Norway’s Norges Bank Investment Management and asset manager Schroders are also among buyers, sources say
AI chatbot Anthropic said to be in GIC-led funding talks at US$350 billion valuation
There is speculation that the company is eyeing an initial public offering in the next 12 to 18 months
China reviews Meta’s US$2 billion deal to buy AI startup Manus
Beijing has in recent years aggressively pushed domestic firms to develop technology to replace American software and circuitry
Indonesian employment platform Pintarnya secures US$14 million credit facility
The startup currently serves more than 10 million users and 40,000 employers
Mobileye to acquire humanoid robotics startup Mentee for US$900 million
First proof-of-concept deployments with customers are expected in 2026
Tencent-backed fintech Airwallex to invest in the Netherlands
The company will prioritise growth in Europe and the Americas after a decade focused on Australia and Asia-Pacific markets
Welcome to the office. Now take off your shoes
[NEW YORK] People entering a house party might expect to see a rack overflowing with shoes by the door. Lately, people entering some startup offices might, too.
