🇮🇩 Japan is assembling an APAC digital zone one stake at a time: SBI takes 20% of Ajaib — TNGlobal · Permalink
SBI Holdings takes a fifth of the Jakarta platform, its largest round since 2022. Ajaib began as a 2018 brokerage and now sells equities, bonds, ETFs, crypto, stablecoins and forex; it raised $245 million in 2021 above $1 billion.
Positive-sum angle: Stablecoin rails licensed inside a conventional brokerage widen what an ordinary Indonesian saver can hold without ever opening an offshore account.
🇻🇳 Vietnam gets the packaging step now, not just the assembly: Foxconn's ShunSin adds $65M — TNGlobal · Permalink
ShunSin Technology will build bumping and redistribution-layer lines at its Vietnam unit, taking cumulative investment there to about $175 million. Foxconn has built in Vietnam since 2007 and is approaching $5 billion.
🇸🇬 Singapore's money went to San Francisco: 1982 Ventures joins Higgsfield's $400M at $5.4B — TNGlobal · Permalink
DST Global led the Series B; the Singapore firm co-invested alongside Goldman Sachs Alternatives and Intel Capital. Higgsfield reports $700 million annualised revenue, 30 million users across 238 territories and 20 million monthly generations.
Positive-sum angle: A Singapore fund sitting on a $5.4 billion cap table brings home pricing knowledge no domestic round teaches, and it lands in the next SEA founder's term sheet.
🇲🇾 Malaysia's growth companies can borrow now instead of diluting: OSK opens Pothos Fund I — TNGlobal · Permalink
OSK Ventures and Affin Hwang Investment Bank opened what they call Malaysia's first venture debt fund, with a three-year investment tenure and an undisclosed size. It targets revenue-generating firms with predictable cash flows.
Positive-sum angle: Debt buys a Malaysian founder time without selling more of the company, at exactly the stage where the cap table usually gets crowded.
🇸🇬 The buyer was a water utility, not a venture fund: Groundup.ai wins S$4M from PUB — TNGlobal · Permalink
The Public Utilities Board awarded a S$4 million ($2.9 million) predictive-maintenance contract covering critical rotating equipment, picking Groundup.ai alone from fifteen tender respondents. The system reads sound, vibration and thermal signals.
