News
BIMB sees policy shifts Malaysia from import-driven to localization-driven EV growth
1+ hour, 7+ min ago (708+ words) The research house said in a recent note that Malaysia's recent protectionist measure, will require all completely built-up (CBU) EV imports to meet a minimum cost, insurance and freight (CIF) value of MYR 200, 000 ($50, 333) and power output of at least 180k W,…...
Singapore suspends review of proposed $1. 1 B M1-Simba telco consolidation
2+ hour, 24+ min ago (37+ words) Singapore's Infocomm Media Development Authority (IMDA) has suspended its assessment of the proposed consolidation between M1 and Simba worth S$1. 43 billion ($1. 12 billion), pending the outcome of an investigation into Simba's use of radio frequency spectrum....
Bain Capital raises $10. 5 B for Asia Fund VI
1+ hour, 48+ min ago (238+ words) Bain Capital, a private investment firm based in the United States, has announced the final close of Bain Capital Asia Fund VI, raising total capital commitments of $10. 5 billion, including approximately $9. 1 billion from external investors for investments across Asia. In a…...
DAMENG's 2026 Hong Kong New Product Launch Event Concludes Successfully
3+ hour, 15+ min ago (188+ words) At the event, DAMENG unveiled two flagship products and outlined its AI'era technology roadmap. DAMENG Database Management System DM9 Introduced by Mr. Xu Gang, Deputy General Manager of DAMENG, DM9 features a fully upgraded kernel with revolutionary performance gains: Presented by Product…...
Lightrock launches $500 M Accelerate7 fund, focuses on energy access in Southeast Asia
7+ hour, 16+ min ago (202+ words) Lightrock, a London-based investment platform focusing on technology-enable companies, has launched its Accelerate7 fund, following the final close of a USD $500 million fund focused on businesses advancing United Nations Sustainable Development Goal 7 (UNSDG 7). The fund is backed by investors and energy…...
Ride-hailing service GSM, local dealers to deploy 18, 497 EV in Philippines
6+ hour, 20+ min ago (278+ words) GSM Green and Smart Mobility JSC (GSM), a ride-hailing service founded by chairman Pham Nhat Vuong of Vietnam's top conglomerate Vingroup, and 75 transport companies and cooperatives in the Philippines will join hands to deploy up to 18, 497 Vin Fast electric vehicles…...
Vietnam's EV maker Vin Fast adds 29 aftersales partners per global expansion strategy
6+ hour, 17+ min ago (286+ words) Vin Fast, the electric vehicle maker under Vietnam's conglomerate Vingroup, has added 29 aftersales partners during its Global Business Conference held from May 4 to May 10, 2026. In a statement last Friday, Vin Fast said it has signed memoranda of understanding with the…...
Entrepreneur Universe Bright Group Reports First Quarter 2026 Financial Results
2+ day, 6+ hour ago (143+ words) XI'AN, China, May 16, 2026 /PRNewswire/ " Entrepreneur Universe Bright Group (EUBG" or the Company"), a Nevada corporation, reported its unaudited financial results for the three months ended March 31, 2026. First Quarter 2026 Financial Highlights In addition, on February 25, 2026, the Company effected a 1-for-10 reverse…...
Shoplazza Showcases AI-Native Commerce Operating System at Saa Str AI Annual 2026
2+ day, 17+ hour ago (150+ words) New AI agents help brands launch faster, market smarter, and scale more efficiently SAN MATEO, Calif. , May 16, 2026 /PRNewswire/ " Shoplazza, a leading commerce platform for DTC brands, showcased its expanding AI-native Commerce Operating System at Saa Str AI Annual 2026, where more…...
VEVOR Launches Monthly Power 15, a New Monthly Brand Event for Home Improvement
2+ day, 19+ hour ago (212+ words) HOUSTON, May 15, 2026 /PRNewswire/ " Starting May 15, the monthly event brings curated value across VEVOR's full-category home improvement lineup, helping customers upgrade more spaces with pro-level performance without the pro-level price. VEVOR Launches Monthly Power 15 How Monthly Power 15 Works For the May…...