Startups & Tech
Loyalty and rewards platform HeyMax raises a US$11 million Series A round led by Peak XV partners
Funding will be used to grow HeyMax’s partnership network in the region
GIC invests in AI workspace Notion through US$270 million employee share sale
The other investors are Sequoia Capital and Index Ventures
Lawsuit claims Meta can see WhatsApp chats in breach of privacy
The complaint cites ‘whistleblowers’ as having helped bring this information to light, though it doesn’t explain who they are
Tariff risks vs AI boom: S-E Asia’s semiconductor stocks diverge but upside ahead
Investors mull over a mix of factors, but analysts cite target prices that are mostly higher
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Fridays: Hottest updates on the local SME scene to wrap up your week.
Tokyo looks to bolster IPO market by luring startups across Asia
20 startups have been chosen for the TSE initiative with half of them based in Singapore and Taiwan
Global energy giant Engie pulling out of startups in Singapore and the region
It is offering all its interests held through an Asia-Pacific VC unit for sale
Fintech Airwallex enters South Korea market via Paynuri acquisition
The financial platform is looking to tap demand for Korean entertainment and consumer goods
Changi Airport turns to driverless tractors to boost tarmac productivity
They are being used to transfer passenger bags between Terminal 1 and 4
ShopBack crosses S$1 billion in cashback to users, says experimentation is still key
Being app-driven sets it apart from competitors in markets such as the US and Germany
OpenAI CFO says annualised revenue crosses US$20 billion in 2025
For 2026, the company will prioritise “practical adoption”, particularly in health, science and enterprise, Sarah Friar says
