Startups & Tech
China’s Momenta teams up with Grab on autonomous driving in South-east Asia
The autonomous driving startup receives an undisclosed amount of strategic investment from Grab
Hans Patuwo gets GoTo shareholders’ nod as CEO amid investor push for Grab deal
He takes over from Patrick Walujo with immediate effect
GoTo’s rebound hinges on shareholder vote as Grab merger eyed
The company’s stock has risen about 20% in Jakarta so far this quarter
China AI chip firm Biren to launch Hong Kong IPO in coming weeks: sources
The company is banking on rapid growth as China seeks to develop domestic alternatives to US semiconductors
STRAIGHT TO YOUR INBOX
Fridays: Hottest updates on the local SME scene to wrap up your week.
German regulator orders oversight, limits on GIC-backed online bank N26
The measures mark the second time since 2021 that BaFin has directed a special monitor to oversee the fast-growing Berlin-based lender
January Capital’s private credit fund marks final close at over US$130 million
The fund offers growth-stage, sponsor-backed tech firms in Apac less-dilutive financing through senior secured loans
Intel nears US$1.6 billion deal for AI chip startup SambaNova
Intel CEO Tan Lip-Bu is chairman of the startup
China’s DeepSeek uses banned Nvidia chips for AI model: report
Beijing has meanwhile pushed Chinese technology companies to rely on domestic equipment to develop artificial intelligence
Validus raises US$30 million Series D round led by Malaysia’s sovereign wealth fund Khazanah
Startup matches SMEs’ supply-chain financing needs to its pool of institutional investors
Customer experience tech startup Toku files preliminary prospectus for Catalist IPO
It will use the proceeds to fund R&D, market expansion and to improve its financial position
