Razer CEO to invest US$7.2M in Singapore gaming ecosystem – Tech In Asia
Razer CEO and Co-Founder Min-Liang Tan announced in a Facebook post that he will invest S$10 million (US$7.2 million) into Singapore’s gaming ecosystem over the next 12 months, Tech In Asia reported.
The investment is aimed to support e-sports teams and gaming companies that are either based in the country or founded by Singaporeans.
Part of the investment will also go to Team Singapore, which Razer is also supporting for the next SEA Games.
The company itself has recently held the Razer SEA Games Esports Bootcamp which saw the participation of teams from Singapore, the Philippines, Malaysia, Thailand, and Indonesia.
Facebook Indonesia names new Country Director – DailySocial
Facebook Indonesia today announced the appointment of Peter Lydian Sutiono as its new Country Director, DailySocial wrote.
His appointment was to replace the position of former Country Director Sri Widowati, who went on to become Chief Digital Transformation for Unilever Indonesia.
Prior to joining Facebook, Sutiono was the Managing Director of Dell Indonesia and Public Sector Director of Microsoft Indonesia. He was also the Managing Director of fintech startup Finmas.
Flipkart co-founder to launch US$400M VC fund – The Times of India
Flipkart co-founder Binny Bansal is set to launch a venture capital fund with a target corpus of US$300-400 million, according to a report by The Times of India.
Citing two sources familiar with the development, the fund will target growth stage startups and is likely to be rolled out by the end of the year. It will be based in Singapore.
Having left Flipkart in November last year, Bansal will play the role of general partner and anchor investor in the fund.
In addition to targetting startups in India, the fund is also looking to investing in Southeast Asia.
Chinese automaker Geely to invest in flying-car developer Volocopter – Bloomberg
Zhejiang Geely Holding Group has agreed to invest in Germany-based flying-car developer Volocopter’s EUR50 million (US$55 million) funding round, Bloomberg reported.
Leading the funding round, Geely aims to help Volocopter’s air taxi launch commercially within the next three years. The companies had also agreed to set up a joint venture to bring the airborne cars to China.
Volocopter is also in talks to raise more funds by the end of the year.
Image Credit: Razer