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Latest news from Digital Economy

TNL Media Group, the Taipei-based media and journalism company, announced it has acquired mobile ad technology startup Ad2iction. In addition to digital advertising and data analytics, Ad2iction also operates verticals like Agent Movie, a film site, and its brands will remain independently run after joining TNL Media Group. Ad2iction currently serves about 500 brands with […]

Singapore-based Credence Partners has announced the launch of its first venture capital fund and has made the first close at US$50 million. The VC firm targets the final close at US$100 million. Credence will invest mainly in Series A and B companies in Southeast Asia. It looks to invest in defensible businesses solving real problems, […]

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Manila-based accelerator programme IdeaSpace announced today the launch of Opportunity Fund, which aims to invest in startups within and outside of the company’s portfolio. According to a press statement, the fund aims to cater to early-stage to pre-Series A startups, particularly founders who may be looking for funding to help make key business and strategic decisions. […]

The post IdeaSpace launches new fund for early-stage startups in the Philippines appeared first on e27.

Sales automation firm Novocall lands US$500K from 500 Durians, others Novocall, a Singaporean startup that automates sales processes for agents, has raised US$500,000 in a round led by 500 Durians, the Southeast Asia-focussed fund of 500 Startups. Other participants in this round include 500 Startups Thailand, Expara Asia Ventures, and Exabytes founder and CEO Chan […]

The post Afternoon News Roundup: Novocall lands US$500K from 500 Durians, others appeared first on e27.

Business Funding for proptech in Southeast Asia holds strong at US$72.9M Southeast Asia poses the second highest number of deals and undisclosed funding across of Asia Pacific in 2019, showing a strong focus in proptech since 2017, reveals a JLL-TechInAsia study. This is despite an overall funding decline by 38.4 per cent in Asia Pacific […]

The post Morning News Roundup: Proptech investments in Southeast Asia grew to US$72.9M in 2019, says study appeared first on e27.

The COVID-19 (Coronavirus) outbreak has resulted in empty shopping malls across Asia, especially in countries such as Singapore, South Korea, and China where the spread of the virus has been even more pronounced. Except for the initial weeks where consumers wiped out supermarkets of toilet paper, instant noodles, and rice, most are avoiding crowded areas […]

The post How COVID-19 is changing traditional retail and e-commerce in SEA appeared first on e27.