Dec 19, 2021
Asia’s tech news #125: EVs in India, Philippines play-to-earn, Australian startups funded…
In this issue: Hyundai’s investment in India’s electric vehicles market, Malaysia Fintech Week 2022 set for January, China’s hydrogen energy ambitions, more on the metaverse…
Australia: 13 startups selected for backing under 4th Seed Investment Program from Skalata — www.startupdaily.net
The baker’s dozen takes the total Skalata portfolio to 43 since its launch in 2018, backed by Melbourne businessman Paul Little and Darrell Wade.
India: Hyundai to invest $530M to launch 6 EV models in India by 2028 — asia.nikkei.com
Stricter emission regulations by governments are propelling automakers globally to invest in EVs, sales of which are expected to increase to about a quarter of total global vehicle sales by 2030 from about 2% today.
Philippines: AcadArena raises $3.5M with focus on developing student gaming communities — www.gmanetwork.com
Iloilo-based startup AcadArena has raised $3.5 million or P176 million from its seed funding round, led by founders of Twitch and Crunchyroll among others, which the firm will use to expand its campus gaming communities.
Singapore’s Trovio merges with Australia’s TCM Capital to form crypto entity valued at $200M — www.startupdaily.net
A raise as part of the merger, led by Ellerston Capital, Sun Hung Kai Strategic Capital and Amherst Holdings, tipped in $20 million.
ICYMI: Meta embeds Novi payments into WhatsApp in move on US P2P payments and crypto space — www.emarketer.com
US P2P payments are expected to near $1 trillion in transaction volume next year, according to Insider Intelligence forecasts. Meta can take advantage of WhatsApp’s vast US user base — which we forecast will hit 63.8 million in 2022 — to tap into…
Hydrogen: “China will account for over 60% of global electrolyzer installations globally in 2022…” — www.bnnbloomberg.ca
Chinese companies spent 10 years aggressively maneuvering to become the dominant players in solar power. Now they’re seeking to lead the way in developing the next big thing in clean energy…
India: ‘Celebrating Innovation Ecosystem’ week set for January 2022 — www.pib.gov.in
The key objectives of the Innovation Week will be to bring together the country’s key Startups, entrepreneurs, investors, policy makers and other national/ international stakeholders for a specially…
“…all human activity that hasn’t moved online is about to move online in the next 5 to 10 years…” — markets.businessinsider.com
Skeptics argue that no-one really knows what the metaverse is.Tyrone Siu/Reuters Investors should consider the metaverse as like the early days of…
Australia, South Korea ink $1BN defense deal to build armoured vehicle centre of excellence facility — ow.ly
The Hanwha Howitzer contract was signed during Moon’s four-day visit to Australia and will see South Korean defense manufacturer Hanwha supply the Australian army with weapons, vehicles and radars.
A 101 guide to stablecoins and how they act as a bridge to the crypto economy — www.fintechna.com
Without stablecoins, there would have been no decentralized finance (DeFi) booms, which means there probably would have also been no non-fungible token (NFT) boom. Stablecoins have been…
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