A Vietnamese metaverse project is being noticed by the world
The Meta Spatial project is developed by a team of many Vietnamese engineers. This project is being interested by many people around the world. After a month of operation, Meta Spatial has been invested by more than 100 investment funds around the world. Among them are Okex, Polygon, Mex, CMC, X21, Master Venture, Redkite, ZBS, Au21, Animoca Brands and LD Capital. Meta Spatial just IDO and after two hours, the price of its SPAT token has increased 27 times. The total capitalisation of this token has reached $830 million. It even reached $1 billion at one point. By technology AR, VR, MR, XR, Meta Spatial will bring unprecedented experience to users.
SK Group continued to acquire more shares of The Crown X
Masan and SK signed an agreement to acquire shares of The CrownX. The total value of this agreement is $345 million. In which, SK invested $340 million. After the agreement, Masan and SK’s ownership rate of The CrownX is 85.0% and 4.9%, respectively. Masan may increase the ownership rate of The CrownX in the near future. Masan will accelerate the expansion of the mini-mall model at The CrownX. This pattern is part of the “Point of Life” strategy. This model integrates WinMart+ (essentials), Phuc Long kiosk (tea and coffee), Phano Pharmacy (pharmaceutical), Techcombank (financial utility), Mobicast (new mobile carrier) into one customer platform. friendly goods.
Alibaba joins hand with ITC in supporting MSMEs around the world
ITC is working with Alibaba to support MSMEs online. They are collaborating on a program to accelerate global digital trade for MSMEs in developing countries. ITC promotes connections between global MSMEs for sustainable development. Alibaba will work with ITC to help businesses improve their international export competitiveness. Businesses will develop more sustainably on the e-commerce platform. This is an effort to implement corporate social responsibility, promoting more businesses to develop.
An Indian D2C startup joins the ‘unicorn club’
Good Glamm Group is based in India. It is the parent company of the D2C sales brand MyGlamm. This company raised $150 million in a Series D round. Prosus Ventures and Warburg Pincus co-led the round. This startup has reached a valuation of $1.2 billion, and joined the ‘unicorn club’. Good Glamm Group will invest in product development, technology research, offline expansion, content creation, digital outreach.
Co-Founder of Reddit invested in building Solana’s social networks
Alexis Ohanian invested $100 million in Solana Ventures. The Reddit co-founder’s investment is to build a social network on the Solana blockchain. This partnership opens up an “unprecedented opportunity” to combine social networking and blockchain. Users will be able to gain real ownership. Alexis also owns the venture capital fund 776. He will invest about $50 million in building the next social network on Solana. Fund 776 will also raise $100 million for this investment.
Sources of information include DealstreetAsia, e27, and TechInAsia.