Vietnam’s electric automaker VinFast celebrated its debut as a public company on Aug 15, with its shares trading on the Nasdaq stock exchange in the US. The IPO became a reality after VinFast completed its merger a day earlier with Hong Kong-based special purpose acquisition company (Spac) Black Spade, in what was the largest M&A deal in the Asia-Pacific region so far this year. It is also the fourth highest for such Spac deals.
Know-it, a Glasgow-based fintech will expand into Australia with its credit management platform in 2024. The platform used by small medium enterprises (SMEs) to manage credit control processes, can help minimize late payments and boost cashflow.
Indonesian e-commerce platform Uway announced a new round of financing of US$500 million. The firm said that Uway’s goal is to create a fully optimized supply chain that allows every consumer to get the goods they need in the most convenient way possible.
Customer engagement platform MessageGears will partner with content localization and translation platform Smartling to streamline email translation and localization for 450+ languages. The workflow is automated but actual translations are still done by (machine-assisted) humans.