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Base raises US $1.3 million

Vietnamese startup Base has raised US $1.3 million pre-series A rounnd co-led by the Alpha JWC ventures and Beenext. It is said to be the biggest ever fund raised by a B2B startup in the country. Existing investors 500 Startups and VIISA also participated in the funding round. The company has developed over 20 apps that cover two verticals: human resources and
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Google forecasts Southeast Asia’s Digital economy to triple by 2025

With over 650 million cumulative populations, Southeast Asia’s Digital economy is predicted to reach $240 billion by 2025 according to “e-Conomy SEA” report by Google. The report suggests that internet economy will grow by 44% this year from last year to $72 billion, which was only $19.1 billion in 2015. Online travel (30 billion) tops the chart in bringing in revenue,
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Vietnam’s Cooky raises $500k

Vietnam’s local food recipe portal, Cooky, is said to raise $500,000 investments in round led by existing investor ESP Capital. The round was also participated by Founders Capital and angel investors, the company added.
“The latest investment will be used to enhance our offers, enlarge the user base and expand our operations,” said Vuong Nguyen, founder of Cooky.
The company said it
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Singaporean And Vietnamese Agencies Sign Startup MOU

Two Southeast Asian agencies — Singapore’s Action Community of Entrepreneurship (ACE) and Vietnam’s National Agency for Technology Entrepreneurship and Commercialization Development (NATEC)- signed a Memorandum of Understanding (MOU) over the weekend to foster a relationship of support between the two startup nations. The term ‘support’ included a provision to foster venture capital development as well as other more broad initiatives.
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ASEAN Angel Alliance (AAA) Created To Promote Cross-Border Investing

Angel networks from seven ASEAN countries- Malaysia, Singapore, Indonesia, Thailand, Philippines, Vietnam, and Cambodia- announced the creation of ASEAN Angel Alliance (AAA) at the Malaysian Business Angel Network (MBAN) second annual summit in Kuala Lumpur. The alliance is aimed to promote cross-border syndication and co-investment support, as well as intra-ASEAN investment in startups, particularly tech-based companies, and high growth business.
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AIG Acquired Vietnam-Based Online Video Startup Big Cat Entertainment

Vietnam-based online video startup Big Cat Entertainment has been acquired by Asia Innovations Group (AIG), a mobile internet company developing social and entertainment products. The company’s current productions will continue under AIG and the founders will also stay to get the regional goal accomplished. AIG can help the company scale up and bring its offerings outside of Vietnam.
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Singapore-Based Arcstone Venturing Into Three New Markets

Having already established a wide-ranging customer base in Singapore, Arcstone Inc., which provides data analytics-based solution systems for the manufacturing and industrial sector, is venturing into three new markets. The three-year-old startup will set up its first overseas office in Vietnam next month, and has already begun exploring the Indonesian and Chinese markets, according to Founder Willson Deng.
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Great Investment Potential In Bangladesh ICT Sector: Employment For 2 Million People By 2021

The largest ICT event of Bangladesh, Digital World 2016 was inaugurated today at ICCB by Prime Minister Sheikh Hasina. “Ministerial Conference” was held in the presence of the ICT ministers from 8 countries and Sajeeb Wazed Joy, the advisor to the Government of Bangladesh on information and communication technology. In the beginning of the seminar, Joy presented the keynotes on
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Vietnamese BankGo Raises Seed Funding For Product Development And Borrowers Acquisition

Vietnamese financial comparison platform BankGo announced that it has raised a seed funding round from an unnamed investment director of a fund in the country, together with the launch of their open beta version. BankGo stated that their pre-money valuation lies at US$3 million. The company plans to use the funding for product development and borrowers acquisition.
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