Venture News

KFit Acquires Groupon Malaysia To Expand Beyond Fitness Into Local Services

After purchasing Groupon Indonesia in August, KFit Group now acquires the company's Malaysian operation as it pivot to become a full-fledged online-to-offline (O2O) platform.

Black Friday Sales Mark All-Time-High With Mobile Revenue Exceeding US$1 Billion

US shoppers went all out on the festivity as Black Friday shopping has yet again surpassed its own milestone with an Adobe report tracking US$3.34 billion from the holiday sales.

Phillipines Jollibee Completes Buyout Of Happy Bee In China

Philippines‘ Jollibee buys out partner stake in China-based food Joint Venture Happy Bee for US$10.4 million.

China’s Ctrip.com To Buy Out Skyscanner In US$1.74 Billion Deal

China's largest travel site, Ctrip to buy Skyscanner with deal valuing the British travel-search company at US$1.74 billion,

Malaysia’s MaGIC, Uber, And Digi Initiate Ideation Lab – ASEAN’s Next Great Idea To...

Malaysia's MaGIC, Uber and Digi have launched a six-day program for the top 20 shortlisted startups to learn how to develop key aspects of their future business.

China’s HTC Places US$1.5 Billion Investment Fund In Research Center For Virtual Reality

HTC Corp recently signed a strategic partnership with Shenzhen municipal government in China, creating a RMB10 billion (about US$1.5 billion) investment fund, and a research center to boost virtual reality developments.

Japan’s Seven Dreamers Laundry-Folding Robot ‘Laundroid’ Secures US$60 Million In Series B Funding Round

The Japan-based developer, Seven Dreamers, announced last Monday that the startup has secured 6 billion yen (around US$ 60 Million) in funds from SBI Investment, in addition to Panasonic and Daiwa House.

Philippines Shakey’s Pizza Parlor Plans For IPO That Will Raise Up To US$113M Receives...

The Securities and Exchange Commission (SEC) on Friday has approved Shakey's Pizza Ventures Inc's plan of initial public listing (IPO) at a stock exchange from which the pizza franchise is expected to raise up to P5.5 billion (about US$113 million).

Malaysian Food Delivery Startup ‘Dah Makan’ Is In Talks With Global VCs For Their...

Malaysian food delivery startup, Dah Makan is looking for a larger funding round with global venture capital firms in order to upgrade their technology and improve their user experience.

Trip Free Secures Seed Funding To Offer Free SIM Card Service For Tourists In...

Trip Free secures seed funding from iSGS Investment Works to offer free SIM card services to international visitors in Japan.
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