[12.1] Morning Round Up: Jungle Ventures Raises $100M For Southeast Asia

Welcome to the first day of December, here’s what you need to know today.

1. Jungle Ventures raises $100m fund for Southeast Asia and beyond

Singapore-based venture capital firm Jungle Ventures announced today it has completed fundraising for its second fund, achieving its target of US$100 million.

The investment firm will lead in larger series A and B rounds. It will target primarily Southeast Asia but also companies in territories like India and Australia, especially if it can help them expand to this region. Its current deals range from US$3 to 5 million per company.

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2. Forum explores securing APAC cashless payments

Singapore’s cards and payments market is one of the most competitive and attractive in the Asia-Pacific region. In fact, 69% percent of consumer spending in Singapore is made through electronic payments. This has led to a meeting of global payment and cyber security experts at the PCI Asia-Pacific Community in Singapore last week to collaborate on helping businesses prevent, detect and respond to cyberattacks that can lead to payment data breaches and fraud.

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3. Thai univeristy opens Alibaba ecommerce training centre

The University of the Thai Chamber of Commerce (UTCC) has become an authorized Alibaba ecommerce training center in Thailand.

Both organizations said they will work to accelerate ecommerce growth in Thailand and help Thai SMEs position themselves in the global market. Several collaborative programs, including training the trainers, have already been implemented. A team of Alibaba personnel has coached UTCC faculty members in the School of Business and the School of Science and Technology, among others, to become certified Alibaba trainers.

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