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The Southeast Asian IPO market is doing relatively well amid the global economic downturn

According to the research, there were 137 IPOs in the region in 2022 that raised US$6.5 billion, compared to 134 that raised US$13.2 billion in 2021.

According to the research, there were 137 IPOs in the region in 2022 that raised US$6.5 billion, compared to 134 that raised US$13.2 billion in 2021. Indonesia led the way with 60 listings worth $2.2 billion, trailed by Thailand, Malaysia, the Philippines, and Singapore. Globally, the market began to decline sharply in 2021, with only 1,333 public offerings totaling US$179.5 billion last year. Larger Southeast Asian IPOs were restricted in 2022, although they may return in 2023 with less Covid19 restrictions. Read More..

B2B Tech News | 2 months ago        

South Africas net foreign exchange reserves rose to $53.827 billion in December

The Reserve Bank of South Africa reported on Monday that the countrys net foreign reserves increased to $53.827 billion in December from $53.391 billi

The Reserve Bank of South Africa reported on Monday that the countrys net foreign reserves increased to $53.827 billion in December from $53.391 billion in November. In December, gross reserves grew to $60.570 billion, up from $59.877 billion in November. The central banks forward position, which comprises unsettled or swap transactions, declined to $0.554 billion from $0.561 billion. Read More..

B2B Tech News | 2 months ago        

Virohan Rakes $7M in Series A Virohan Rakes $7M

Blume Ventures led a $7 million preSeries B1 fundraising round for Gurugrambased healthcare edtech firm Virohan. According to a corporate statement, B

Blume Ventures led a $7 million preSeries B1 fundraising round for Gurugrambased healthcare edtech firm Virohan. According to a corporate statement, Bharat Inclusion Seed Fund, Rebright Partners, and Lesing Artha Limited, among others, participated in the round. The current investment takes the startups total funding raised to $11 million. With this funding, Virohan hopes to open 200+ new schools across India and train over 7,000 students. According to the statement, this money will also enable the company expand into Japanese markets with the help of its existing investors ALES and Rebright Partners. Read More..

B2B Tech News | 2 months ago        

With Qualcomm technology, Sony and Honda have unveiled the Afeela EV prototype.

Sony 6758.T of Japan showed a prototype of the new Afeela electric vehicles it will construct alongside Honda 7267.T on Wednesday, saying it will us

Sony 6758.T of Japan showed a prototype of the new Afeela electric vehicles it will construct alongside Honda 7267.T on Wednesday, saying it will use its massive entertainment resources to become a player in nextgeneration cars. Qualcomm Inc QCOM.O technology, notably its Snapdragon digital chassis, will be used in the vehicle. According to Mizuno, the Afeela will have more than 40 sensors. The joint venture between Sony Group Corp and Honda Motor Co Ltd expects to produce its first electric vehicles in North America by early 2026. Read More..

B2B Tech News | 2 months ago        

Manish Pant is hired by Schneider Electric as executive VP of global operations.

Pant has worked for Schneider Electric for over two decades, holding significant responsibilities in operations, business divisions, and joint venture

Pant has worked for Schneider Electric for over two decades, holding significant responsibilities in operations, business divisions, and joint ventures. Schneider Electric has appointed Manish Pant as executive vice president of international operations. Schneider Electric, a global leader in digital energy management and automation, has named Manish Pant as its next executive vicepresident of international operations, beginning November 1, 2022. Pant previously served as president of the East Asia and Japan Zone from 2021 to 2022, where he oversaw commercial operations in 14 countries, including SouthEast Asia, Taiwan, Korea, Japan, and Mongolia, while also driving business performance and transformation. Read More..

B2B Tech News | 2 months ago        

The additional €15 million goes to Ganymed Robotics.

Ganymed Robotics, a Parisbased provider of computer vision software and surgical robotics solutions, has received an extra €15 million in a Series B

Ganymed Robotics, a Parisbased provider of computer vision software and surgical robotics solutions, has received an extra €15 million in a Series B round extension, bringing the total amount raised to a healthy €36 million. The European Innovation Council EIC Fund gave €14 million through the EIC Accelerator Program, as did Cap Horn Invest a part of the Anaxago Group, while Bpifrance supplied €1 million in loan financing. The new capital will be used to complete the development of Ganymed Robotics surgical robotic assistant for knee arthroplasty TKA, accelerate regulatory and market access activities, and help the company move beyond TKA surgeries through a diversified product offering, as stated in the companys initial €21 million Series B announcement last July. Read More..

B2B Tech News | 2 months ago        

The economic strategy that Tunisia unveiled places a strong emphasis on private investment.

TUNIS – Tunisias government unveiled a threeyear growth plan on Tuesday, relying significantly on private sector investment, particularly in manufac

TUNIS – Tunisias government unveiled a threeyear growth plan on Tuesday, relying significantly on private sector investment, particularly in manufacturing, and increasing phosphate production. Tunisian officials want to receive a nearly $2 billion bailout from the International Monetary Fund, which they hope will open the door to other sources of international financing. The plan also aims to increase phosphate output, one of Tunisias rare natural resources, from 3.7 million tonnes last year to 12 million tonnes by 2025. The government also intends to allow the use of farmland for solar and wind energy generation, as well as smallscale solar projects in a sector now dominated by stateowned enterprise STEG. Read More..

B2B Tech News | 2 months ago        

A 200MW/400MWh battery storage project in South Australia will be delivered to Neoen by NHOA Energy and Elecnor.

NHOA is pleased to announce, as anticipated in the Trading Update published on January 2, the signing of an EPC contract and associated long term O&M

NHOA is pleased to announce, as anticipated in the Trading Update published on January 2, the signing of an EPC contract and associated long term O&M contract to NHOA Energy, in consortium with Elecnor, to supply the 200MW/400MWh Blyth Battery storage project in South Australia with Neoen, one of the worlds leading independent producers of exclusively renewable energy. The Blyth Battery project will begin immediately and is projected to be completed in 2025. The Blyth Battery is NHOA Energys second worldclass project in Australia, following the 200MWh Kwinana Battery Energy Storage System in Western Australia, confirming NHOA Energy as a prominent player in one of the worlds most important storage markets through its Perthbased Australian platform. Read More..

B2B Tech News | 2 months ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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