Startups

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 

Engie Factory Apac’s office in Golden Agri Plaza at Pasir Panjang was relatively quiet when BT visited it on Wednesday (Jan 21) at 4.30 pm.

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

Arnold Chan, general manager, Asia-Pacific, Airwallex, says the Paynuri acquisition will allow Airwallex to operate directly in South Korea.

Temasek-backed fintech Airwallex enters South Korea market via acquisition of Paynuri

The financial platform is looking to tap demand for Korean entertainment and consumer goods

Friar says that the company is keeping a “light” balance sheet by partnering rather than owning and structuring contracts with flexibility across providers and hardware types.

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

OpenAI, the maker of ChatGPT and other AI tools, is also developing its own chip with Broadcom.

OpenAI signs US$10 billion deal with Cerebras for AI computing

The infrastructure will be built in multiple stages “through 2028”, the companies say

Atome has secured a bigger credit facility to accelerate its expansion.

Atome secures bigger US$345 million credit facility, HSBC and DBS among lenders

The new credit line will also be used to expand its Pay Later Anywhere card in Singapore, Malaysia and the Philippines

Zhejiang High-Flyer Asset Management has become a cash cow for DeepSeek founder Liang Wenfeng.

DeepSeek founder Liang’s funds surge 57% as China quants boom

High-Flyer’s strong performance could boost the cash available for the AI start-up

BrainCo, founded in 2015 by Han Bicheng, develops bionic limbs and non-invasive technologies for human brains.

‘Hangzhou Six’ tech startup BrainCo is said to file for Hong Kong IPO

The startup is working with CICC and UBS on the share sale

Analysts have projected that humanoid robots could outnumber industrial robots on the factory floor by 2034.

Asia’s AI robotics race: China leaps forward while South-east Asia finds its footing

High costs and labour trends slow the pace of robotic adoption in South-east Asia