Singapore fashion tech startup MadThread has raised US$500,000 in seed funding. The deal was managed by AngelCentral, an angel investment community that supports startups in Southeast Asia, and Phey Teck Moh. Eleven other investors also participated. Founded…
Struggling grocery delivery company and grocer Honestbee has won another new lease on life with the appointment of a new CEO who has promised to revive the business with the support of investors. Details of the additional investment were not immediately…
Starbucks Coffee Company has announced a deal with Brightloom (formerly Eatsa), a San Francisco and Seattle tech company that is working to create a best-in-class end-to-end digital customer experience platform for the restaurant industry. Starbucks is…
Digital-payments company Visa has invested an undisclosed amount into Southeast Asian ride-sharing and services startup Go-Jek giving it a foothold in the company’s payments platform. The two companies say they will work together to provide greater options…
Quick. Name the most valuable brand name in the world. Apple? nope. Google? That answer is so 2018. According to the 2019 BrandZ Top 100 Most Valuable Global Brands rankings computed by WPP and Kantar, Amazon is the most valuable brand with a value of $315…
Chinese retailer Suning will present its latest smart technologies at this year’s CES Asia. Suning will be demonstrating its smart home appliances based on its proprietary Biu OS system, which aims to create an open platform for sharing resources across the…
ABI Research noted that of the 205 companies it surveyed for its Location Technologies Supply Chain and Ecosystem Tracker, 24% of them are currently offering solutions covering both indoor and outdoor location services. The researcher cited growing need for…
Japan’s SoftBank has announced that its joint venture HAPSMobile will invest $125 million in Google’s Project Loon to advance the use of high-altitude vehicles to carry mobile base stations. HAPSMobile, the joint venture between SoftBank and US-based unmanned…
Following a successful Series B funding round, SME lending platform Validus Capital is launching in Indonesia. SME lending platform Validus Capital has launched in Indonesia, its first Southeast Asian market outside its home country of Singapore, the firm…
Audi will be presenting the AI:ME concept at the Shanghai Auto Show 2019. Beside this car, the company will also showcase the Q2L e-tron, which was designed especially for China and is built in the Foshan plant. The compact SUV, which will be delivered to the…
US retailer Walmart is adding thousands of robots to its stores to handle cleaning tasks, allowing workers more time to help customers. Walmart said by February 2019, it will have introduced the 920-pound autonomous floor scrubbers at 1,860 of its 4,700 US…
Hong Kong business incubator and tech springboard The Mills Fabrica celebrated the launch of its first retail store Techstyle X on Saturday at The Mills. According to the group, the term “techstyle” covers material and supply chain innovation, wearables…
South Korean eyewear label Gentle Monster has partnered with Chinese tech giant Huawei to produced connected eyewear. The networked eyeglass frames allow wearers to answer calls without picking up their phone, and feature antennae, noise-reduction microphones…
Ever-changing market dynamics and audience preferences are pushing retailers into a digital-driven world to respond promptly to consumer needs. Though e-payment machines are an increasingly common in-store sight, there are other retail tech trends that will…
AirAsia has unveiled a new technology centre in Bengaluru, India’s Silicon Valley, housing 35 software engineering and technology experts each tasked to design and create custom-built solutions for AirAsia’s airline and digital businesses. The new centre…
The technology boom powering Asia’s economies is about to get a reboot. Explosive growth in new-era gadgets such as wearable devices and internet-linked home appliances is tipped to offset cooling sales of smartphones, which has already dinged Asia’s tech…