Asia’s tech news #117: Korean VC in Singapore, AI & med-tech, Japan e-commerce, Australian legal-tech…

WK Wright
4 min readNov 29, 2021

In this issue: Indonesian shrimp farming technology, artificial intelligence in medical testing, Microsoft Asia’s Platform Amplify, Korean venture capital in Singapore, China’s suspension of Tencent updating…

Accenture & Microsoft Asia launch Project Amplify, supporting 33 startups and social
The investment focuses specifically on social impact and sustainability, by helping APAC businesses scale emerging solutions and business models.

Korea’s TheVentures, early-stage incubator & VC, enters

Moving projects to Singapore as home base to commercialize Invest in SEA startups, create new incubation system, bringing business models…

Japan: Forest e-commerce aggregator raises $8M for sustainable products &

Japan has been the birthplace of traditional arts and crafts since ancient times. Craftmanship, meticulous attention to detail and balance of design and functionality have contributed to creating unique…

China: Ministry tells app stores and platforms to suspend Tencent from updating or launching new
It is not known how long the suspension will last and the Chinese ministry has not published any information about the ban.

ICYMI: StartupBlink Ecosystem Summit set for November

The world’s foremost leaders in ecosystem development, and offers a forum for learning and knowledge-sharing on what it takes to create an environment where entrepreneurship flourishes.

Unicorn Battle Worldwide, 2022 Season / Startup applications now open
Unicorn Battle Worldwide, 2022 Season / Startup applications now open

Singapore: Quantumcyte takes SLINGSHOT Grand Winner with AI-driven disease test

Quantumcyte has developed an AI-integrated tissue dissection solution for modern pathology, that provides deep insights to patients’ diseases, who would have been missed, otherwise.

Indonesia: Jala Tech shrimp farm mgmt firm raises $6M, providing hardware & data

The platform is equipped with functions such as shrimp growth information, harvest prediction, financial management and disease alerts. The recommendations provided are generated…

PwC Australia NewLaw partners Checkbox no-code platform for in-house legal

“Workflow automation is a critical element for in-house legal departments’ legaltech journeys, resolving headaches in managing contracts, triaging enquiries from multiple stakeholders, fulfilling…”

Facebook’s metaverse: “…acquiring VR and AR companies, hiring over 10K people…tens of billions…”

Even if these criticisms and questions stand, Facebook’s investment in the metaverse is something we should take seriously. Zuckerberg sees the metaverse as the “successor to the mobile internet”…

ICYMI: El Salvador to create ‘Bitcoin City’, issuing $1BN ‘bitcoin bond’

‘Bitcoin City’ will be located along the Gulf of Fonseca near a volcano. The government plans on locating a power plant by the volcano to provide energy for both the city and bitcoin mining…

Malaysia FinTech Week: January 24–28 2022
Malaysia FinTech Week: January 24–28 2022

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WK Wright

All things tech, startup & funding: Short form for the time-poor at Startup News Asia