Around 68% of SEA retailers plan to increase social commerce investment over the next 12 months

Singapore – Southeast Asian retailers are placing big bets on social media as 68% plan to increase investment in social commerce over the next 12 months, according to the latest data from Shopify. This dovetails with the finding that social media is now the biggest driver of brand and product...

airasia academy rebrands as Outclass, with vision to improve workforce development through personalised learning platform

Kuala Lumpur, Malaysia – airasia academy, Capital A's digital edtech company, has recently rebranded as 'Outclass', a learning experience platform designed to enable individuals to develop in a changing workforce context.  Outclass expands on airasia academy's tradition of bridging the computer skills gap, it now provides a personalised learning experience...

Superbank receives additional IDR1.2t investment from Grab, Singtel and Kakaobank to improve services and products 

Jakarta, Indonesia – Superbank announced an additional investment of IDR 1.2 trillion from its shareholders, which include Grab, Singtel, and KakaoBank. This increased investment made by the three shareholders will help Superbank improve services and product developments to fulfil its customers' different financial demands and lifestyles.  Additionally, this investment highlights...

Jirnexu announces acquisition of MoneyHero’s B2C brand CompareHero

Kuala Lumpur, Malaysia – Local fintech company Jirnexu has announced the acquisition of CompareHero, the B2C brand exclusively operated by MoneyHero in Malaysia. Moreover, MoneyHero will retain an equity stake in Jirnexu to enhance its long-term strategy for the Malaysia market. Through this transaction, CompareHero’s website, domain names, select user...

OpenAI, TIME sign multi-year content partnership

New York, USA – OpenAI has announced a multi-year partnership with global media company TIME to bring TIME's journalism to OpenAI’s products, including ChatGPT. The new partnership furthers TIME’s commitment to expanding global access to accurate and trusted information.  Through this collaboration, OpenAI will gain access to current and historic...

Amazon, IMDA team up to enhance digital skills, safety, and financial inclusion in Singapore

Singapore – Singapore's Infocomm Media Development Authority (IMDA) and Amazon have launched a strategic partnership as part of Singapore's Digital for Life initiative. The partnership aims to improve Singaporeans' essential digital skills, focusing on areas such as safe online shopping and Gen AI. Community workshops will be organised to deliver...

Philippine real-time payments surge by 24% in 2023 with growing digital demand

Philippines – In 2023, real-time payment transactions in the Philippines experienced a 24% year-on-year (YoY) growth, with transaction volumes reaching 777 million, according to a report by ACI Worldwide. The report also projects that the volume will soar to 1.54 billion by 2028. The real-time payments’ share of all digital...

MiQ partners with Hoppr to deliver access to ultra-premium ad inventory on CTV in Singapore

Singapore – MiQ, a programmatic media partner to brands and agencies, has partnered with Hoppr, a connected TV (CTV) platform, to enhance customers’ access to ultra-premium inventory with a first-in-market guaranteed view in Singapore.  MiQ's mission is to develop the most comprehensive advanced TV (ATV) solution on the market. Through...

Viddsee partners with Risingjoy to bring Chinese microdramas to Southeast Asian audiences

Singapore – Viddsee, a short-form drama platform, has joined forces with Chinese content investment and licensing company Risingjoy to bring and introduce the popular Chinese micro drama content to Southeast Asia.  Microdramas, known for their concise narratives and compelling storylines, have surged as a cultural phenomenon in China and globally...

Superbank integrates banking services into Grab to provide Indonesian users with improved financial inclusion 

Indonesia – Superbank has become Indonesia's first bank to integrate digital banking services directly into the Grab app.The partnership allows millions of Grab users and partners to open accounts, save money, and make payments without having to download an additional app.  The integration provides consumers with a 6% yearly savings...