Tech in Asia

Bilibili will acquire a 4.72% stake in game operator XD by buying 22.7 million shares at HK$42.38 (US$5.45) per share.

The company is in talks with advisors on a share sale as it plans on listing itself as soon as the fourth quarter.

We explore whether tourism is really on the road to recovery and look at what fresh funding will do for this BNPL startup.

The latest investment comes after Conicle closed US$900,000 in a seed round last year.

Easebuzz will use the fresh funds to offer more payment-based app programming interfaces to SMEs.

Co-founder Pamitra Wineka will take over as the Openspace Ventures-backed firm's new chief executive.

Which are the startups that are on the path to becoming the next big thing?

The funds will be used to roll out Oyika's battery-swap service for e-motorbikes in Indonesia, and for the company's expansion in Vietnam later this year.

The new fund Elevate will provide follow-on capital to high-performing later-stage companies in B Capital's portfolio.

The fund will focus on investment opportunities in Japan and global markets South Korea, the US, China, and Southeast Asia.

It raked in US$1 million from companies such as Seeds Capital, Octava, EduSpaze, and Govin Capital in its seed round.

ShopeeFood is expected to come with Shopee’s customary cash burn and incentives blitz. But GoFood and GrabFood may have enough to withstand the onslaught.

The new funds will be used to scale up the Singapore business and expand into other key Asian markets, such as Hong Kong, said the firm in a statement.

Here are the companies in Southeast Asia that are attracting tons of investors and have the resources to spend on software, talent, and expansion.

Qiandama could also raise US$305 million in a pre-IPO financing round, pushing the value of the firm up to US$3.81 billion.

Funds raised will be used to develop Uniphore's technology in AI, automation, and machine learning across the enterprise.

This will allow Atome Financial to expand its business in Indonesia through consumer financing.

Billy Naveed also had stints at Morgan Stanley and Credit Suisse.

How China’s antitrust stance will impact tech giants and Southeast Asian startups, and the Singapore-bases SaaS startup that recently raised money

Uable said it plans to use the new funds to further build out its global team and add more experiences for its users.