Issue #062: SPAC 101, StanChart digital bank, Bitmain & Georgia, NFT Fest Australia…

Asia’s tech, startup and funding news in brief, drawn from South & SE Asia, Australia & NZ, with wider-world items for reference. Get the app here

What exactly is a SPAC? The special purpose acquisition company as an alternative to the
A SPAC is a “blank check” shell corporation created to take companies public without the traditional IPO process. Find out how & why this trend is taking off.

Standard Chartered inks deal with BetaPlus, part of Singapore’s biggest union group, to form digital bank

Standard Chartered said it would invest 144M Singaporean dollars ($107 million) and own 60% of the business, while BetaPlus would put in 96M SG dollars for the remainder. They have given the venture the temporary name of SC Bank Solutions…

Indonesia: Segari online grocery platform raises $16M Series A led by Go-Ventures, arm of

Segari has adopted a different model compared with its peers HappyFresh and other ride-hailing players’ e-grocery arms by sourcing products directly from farmers instead of supermarkets…

China’s Bitmain inks deal with data center, power partners to house 56K AntMiner units in US state of

According to a statement on Wednesday, the entire mining fleet will be using 200 megawatts (MW) of capacity when fully deployed by October 2022. The first 20 MW of capacity is expected to be up…

Wild Digital Indonesia: 8–9 September 2021 / 40% off with codes SNASIAGA & SNASIAP

Singapore’s TechLawFest 2021 event set for September 22–24, looking at subjects including legal analytics…

‘…how legal technology has transformed the legal industry digitally and made an economic impact over the years with strong government and judicial partnerships in driving legal innovation. They will…’

India: Dukaan online retail startup raises $11M as part of pre-A

Dukaan, a roughly one-year-old online retail platform that helps merchants deal with the pain points in setting up digital storefronts, has secured fresh capital to fuel its expansion plans…

In July, China’s first blockchain-based carbon offset certificate was issued, first step towards carbon

Tianjin released China’s first blockchain-based carbon offset certificate, Binhai Times reported, days after the world’s second-largest economy launched its national carbon market…

Australia: NFT Fest Aus virtual event set for September 30th, celebrating all things

Ape into the buzz around the impact of NFT tech on artists, musicians & athletes. Find out what it’s about, where it’s at and get a glimpse into where it’s going…

KPMG: Digital Wealth Management In Asia Pacific 2021 (pdf)

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WK Wright

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