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Execution of Additional Financing Agreement for Rooftop Solar Power Project in Singapore

TOKYO, Dec. 17, 2025 /PRNewswire/ — Tokyo Electric Power Company Holdings, Inc.  (hereinafter “TEPCO HD”) is pleased to announce that, on December 4, 2025, a Special Purpose Vehicle (hereinafter “SPV”) jointly established by TEPCO HD and ESR Group Limited (hereinafter “ESR”) for the implementation of a rooftop solar power project has entered into an additional financing agreement valued at 13.5 million Singapore dollars (approximately 1.6 billion yen) with Bank SinoPac (incorporated in Taiwan with Limited Liability) *.

The funds provided under this agreement, structured as project financing, will be allocated to the development of multiple rooftop solar power facilities planned for construction in Singapore, with a total capacity of approximately 20MW.

On May 15 of this year, a financing agreement was signed with Bank SinoPac (announced on June 5, 2025). While that agreement provided financing for rooftop solar power facilities already in commercial operation, this new agreement will fund rooftop solar power facilities scheduled for future construction.

Financing during the construction period (construction loan) for portfolio assets requires more stringent risk management than financing for single assets. Accordingly, the signing of this financing agreement is understood to reflect both the soundness of the project and the creditworthiness of the SPV established by TEPCO HD and ESR.

Through its wholly-owned subsidiary TEPCO Global Energy Pte. Ltd., TEPCO HD will continue advancing the development of a total capacity of 100MW of rooftop solar power in the Asia-Pacific region. By leveraging renewable energy solutions developed, we aim to support our customers in adopting clean energy and contribute to the creation of a carbon neutral society.

*Bank SinoPac (BSP)

BSP is a wholly-owned subsidiary of SinoPac Financial Holdings Company Ltd (TWSE: 2890), currently operating through 125 branches in Taiwan and 5 branches in Hong Kong, Macau, Los Angeles, Ho Chi Minh City and Hanoi (representative office). Bank SinoPac (China), BSP’s subsidiary, launched operations in 2014. Headquartered in Nanjing, Bank SinoPac (China) is the first Taiwanese-invested bank incorporated in China. BSP has so far successfully facilitated over 10 green energy power plant projects, including solar and small hydropower plants, in regions such as Hong Kong, Vietnam, and Cambodia.

About TEPCO

Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) is Japan’s largest power company group and comprises four independent business entities: TEPCO Fuel & Power, Inc., TEPCO Power Grid, Inc., TEPCO Energy Partner, Inc., and TEPCO Renewable Power, Inc. The Group generates, distributes and sells electricity and other types of energy principally in Japan’s Kanto region, which includes its two most populous urban centers, Tokyo and Yokohama. The 38,121 employees of TEPCO HD and its consolidated subsidiaries (as of March 31, 2024) are committed to providing safe, reliable power as well as fulfilling their responsibilities to communities.

TEPCO Group is expanding its renewable energy business, including the provision of hydro-electric and wind power, and its power transmission and distribution business in markets around the world. It has set a new strategic goal of making entire cities and areas carbon-neutral. TEPCO Group aims to deliver renewable energy stably and efficiently to end users by leveraging its technology and expertise.

 

Next-Gen Omega-3 Solution: infinityseek Unveils Revolutionary Longevity Solution at BioST 2025 SG

Highlighting advances in vascular aging research and microalgae-based Omega-3 innovation

SINGAPORE, Dec. 17, 2025 /PRNewswire/ — The 5th World Biological Science and Technology Conference 2025 Singapore (BioST 2025 SG) opened in Singapore, bringing together leading researchers and industry experts from the global biotechnology sector.

The pioneer longevity brand infinityseek was invited to participate in the event, where it formally unveiled its groundbreaking anti-aging solution. The brand’s research on vascular aging mechanisms drew strong interest from conference participants, while its flagship product attracted significant attention as a next-generation Omega-3 concept.

infinityseek representatives at BioST 2025 SG
infinityseek representatives at BioST 2025 SG

According to the Global Burden of Cardiovascular Diseases and Risk Factors Report, cardiovascular diseases (CVDs) remain the leading cause of death worldwide, with 437 million cases of associated disability recorded in 2023. Current interventions are primarily aimed at the middle to late stages of CVDs, while significant technological limitations remain in addressing the core pathological processes of systemic vascular aging. In response, infinityseek has focused on natural bio-resources, targeting both inflammation resolution and lipid metabolism, and has made a breakthrough with the rare microalgae Nannochloropsis.

During the presentation, infinityseek’s scientific advisor highlighted the multiple advantages of this microalgae-derived formulation over conventional Omega-3 sourced from fish or krill. In particular, Nannochloropsis offers exceptional purity. Having originated 3.5 billion years ago and residing at the base of the marine food chain, it effectively avoids the accumulation of contaminants, ensuring the cleanliness and safety of its components from the source. The formulation also demonstrates significantly enhanced bioavailability, thanks to its natural polar lipid structure, which is highly compatible with the human body. Experimental data show that its bioavailability is 2.2 times higher than that of 97% EPA fish oil, with a 56% increase in key tissue accumulation[1].

Moreover, it operates through clear and targeted mechanisms of action, simultaneously addressing two critical pathways of vascular aging. Its abundant Ultra SPMs—third-generation specialized pro-resolving mediators—deliver potent anti-inflammatory effects within eight weeks,  substantially reducing the four major senescence-associated secretory phenotypes (SASPs)[2]. At the same time, its unique 100% Uni-EPA (free of DHA) precisely regulates lipid metabolism within four weeks[3], achieving targeted lipid-lowering effects. By concurrently modulating inflammation resolution and lipid metabolism, this solution is designed to slow vascular aging and support systemic, long-term health outcomes.

infinityseek’s scientific advisor delivers a presentation at BioST 2025 SG
infinityseek’s scientific advisor delivers a presentation at BioST 2025 SG

This breakthrough stems from infinityseek’s ongoing commitment to rigorous scientific principles and a global evidence-based framework. The brand has established the Longevity Lab and collaborates closely with international institutions such as Germany’s Lipidomix GmbH, building a comprehensive scientific system that spans from fundamental research to product validation. Its products have already received multiple authoritative certifications in China, the United States, and Germany.

“infinityseek’s core philosophy lies in a profound respect for science and steadfast dedication to long-term, challenging scientific exploration and public education. Our goal is to enhance fundamental understanding of health and provide truly systemic and effective solutions,” said the brand’s R&D expert, Jains Pang.

infinityseek’s R&D expert engages in discussion with an international researcher
infinityseek’s R&D expert engages in discussion with an international researcher

With the formal publication of this research on top-tier international academic platforms, infinityseek not only demonstrates its research expertise in vascular aging interventions but also signals a new phase in the healthcare industry—one increasingly focused on mechanistic depth and the integration of global scientific knowledge. This development helps establish a new research pathway for addressing age-related health challenges on a global scale.

References:

[1] The data is derived from laboratory research at Hainan University. 

[2] The data is derived from laboratory research at Hainan University. 

[3] Meng, R., et al. (2025). Subcritical fluid and molecular distillation extraction of Nannochloropsis gaditana lipid and its metabolic benefits in hyperlipidemic mice. Frontiers in Nutrition, 12, 1615332. 

 

OMOWAY Unveils 10-Story RHQ, Accelerating Two-Wheeler’s Smart 3.0 Shift

JAKARTA, Indonesia, Dec. 17, 2025 /PRNewswire/ — Smart mobility technology Brand OMOWAY opened its 10-story Southeast Asia Regional Headquarters (RHQ) in Jakarta today. This milestone accelerates OMOWAY’s global smart strategy in Southeast Asia. By integrating its OMO-X – the world’s first mass-produced self-balancing smart electric motorcycle – with its advanced riding-assist technology, OMOWAY will usher the two-wheeler industry into a smart era of Motorcycle 3.0.

Yulong Chen, General Manager of OMOWAY Indonesia, shares the vision during the grand opening.
Yulong Chen, General Manager of OMOWAY Indonesia, shares the vision during the grand opening.

A Clear Vote of Confidence from Seasoned Local Dealers

At the opening, OMOWAY welcomed its first group of strategic partners, including dozens of dealers with decades of experience in the two-wheel sector. The partnership reflects growing market confidence in smart electric mobility and OMOWAY’s product and local execution capabilities.

“After decades in the motorcycle industry, this is the most thrilling product I have encountered. It is truly epoch-making for the industry”, commented an experienced dealer following the test ride.

OMOWAY’s unique self-balancing system, combined with its own developed software and smart features, drives this disruption. It effectively improves the riding experience: no need to put feet down at low speeds, anti-slip cornering, self-parking and auto-grade encrypted digital keys. All features are built upon a highly integrated architecture with domain controllers and an in-house patented chassis.

“The commitment from experienced dealers confirms the smart electrification era has arrived,” said OMOWAY co-founder Todd He. “We are delivering breakthrough innovation combined with a deep local understanding for our users. What we bring to the market is the next generation of smart mobility.”

Full Core Market Coverage: Leading the Global Transition to Smart Mobility

The RHQ shows OMOWAY’s transition from technological ambition to rapid on-the-ground expansion. Backed by strong channel-building capabilities, OMOWAY aims to bring smart electric motorcycles to every family across the country: By the first half of 2026, its sales & service network will fully cover the core markets of Java and Bali, expanding to Sumatra, Kalimantan and other major regions by year-end.

In parallel, OMOWAY is building a standardized after-sales system, a charging-service network and a talent programme that will train more than a thousand local professionals — creating a truly sustainable service ecosystem. Through the OMOWAY smart App, users will gain access to a transparent, efficient and reliable online-to-offline service experience.

Motorcycle 3.0: Smart E-Motorcycle Delivering Value to Families Worldwide

OMOWAY, with its full-stack in-house hardware and software development and core AI technologies, is emerging as a “definer” of two-wheel mobility. Its flagship model, OMO X — the world’s first smart electric motorcycle equipped with a production-ready self-balancing riding-assist system — attracted widespread attention at its global brand launch in June.

The model tackles core challenges in low-speed traffic and congestion. It also brings a step-change in safety and significantly lower accident risk in uneven or wet conditions.

OMO X has recently passed certification by Indonesia’s Ministry of Transportation, and OMOWAY’s manufacturing lines are now preparing for mass production to support its 2026 market launch.

Drawing on deep expertise from the intelligent EV sector, OMOWAY is driven by technology and user-value to lower the barriers to high-tech adoption, delivering innovative smart product experiences to every life. With a global outlook, OMOWAY is steering the two-wheel industry into an intelligent new era — driving intelligence and sustainability globally.

Real Estate and Hospitality Conferences in Southeast Asia – WeHub Event Series 2026 Dates Released

HO CHI MINH CITY, Vietnam, Dec. 17, 2025 /PRNewswire/ — In a period where companies’ positions and leadership roles are constantly evolving and changing, WeHub stands out as a leading regional platform that connects professionals in the real estate and hospitality sectors effectively. With some of the best-in-class events, conferences, and seminars in Southeast Asia, the WeHub community allows its members, sponsors, and attendees to connect, create leads, and expose their products to the largest real estate developers and hotel owners across the region.

Active across Southeast Asia, WeHub specializes in curating high-level conferences, networking events, and knowledge-driven programs that bring together developers, hotel owners, operators, designers, and senior industry leaders.

Following a remarkable year in 2025, with more than 6,600 registrations and 3,700 high-level attendees across Southeast Asia, including 1,000+ representatives from real estate developers, 150+ hotel owners, 200+ designers and architects, 500+ general managers and senior hotel operations team members, WeHub is excited to introduce its full event series for 2026, featuring both the Meet The Experts (MTE) conference and the HoSkar Night networking events across Southeast Asia. Last year’s calendar brought together thousands of industry professionals across Ho Chi Minh City, Bangkok, Phnom Penh, Hanoi, and Manila, reaffirming WeHub’s position as one of the region’s most anticipated platforms for meaningful connection and knowledge exchange.

Mark your calendar for the 2026 event series, taking place across key cities in the region. Highlights include the MTE conference in Ho Chi Minh City (31 March) and Hanoi (October), as well as HoSkar Night events in Ho Chi Minh City (31 March), Bangkok (May), Manila (June), Ho Chi Minh City (July), Hanoi (October), and Phnom Penh (November).

Source: Grand ballroom at MTE HCMC 2025 - WeHub
Source: Grand ballroom at MTE HCMC 2025 – WeHub

The first major event of the year – MTE Ho Chi Minh City 2026 – will take place on 31 March from 1 PM to 9 PM at Vinpearl Landmark 81, Autograph Collection. As the region’s most well-attended conference, it aims to bring together developers, hotel owners, operators, consultants, and designers for an immersive program of keynote sessions, masterclasses, exclusive exhibitions, and networking opportunities. This will set the momentum for the rest of the year, leading into the regional HoSkar Night series and culminating in MTE Hanoi 2026, which will welcome the northern market’s development and hospitality community for another gathering of insights and collaboration.

WeHub’s annual program would not be possible without the incredible support of its sponsors and partners. If you’d like to showcase your brand, share your expertise, or explore collaboration opportunities for the 2026 season, we would be delighted to connect with you.

For sponsorship and collaboration inquiries, contact us at Host@wehubyou.com.

Visit WeHub website at https://wehub.asia/ or find out more information at WeHub LinkedIn.

Vision Asia Pacific is a registered company which owns WeHub and organizes many event series, including Meet The Experts conference (MTE) and HoSkar Night networking event. PR Newswire is the Media partner of those events.

About Meet The Experts (MTE)

One of the most attended conferences for Hospitality & Real Estate in Southeast Asia, MTE is a perfect bridge between international expertise & local industry. Latest trends, market insights, new products & services will be defined & displayed exclusively to the leading developers, consultants & industry players in one single event.

About HoSkar Night

HoSkar Night is the most vibrant networking event for Real Estate and Hospitality professionals. An easier way to connect to senior industry people, expand the network and build long-lasting relationships.

SEMIFIVE Strengthens AI ASIC Market Position Through IPO “Targeting Global Markets with Advanced-nodes, Large-Die Designs, and 3D-IC Technologies”

  • As demand shifts from general-purpose semiconductors toward AI ASICs, SEMIFIVE provides customized chip development solutions to fabless companies and device manufacturers.
  • New orders have increased from KRW 57.2 billion in 2022 to KRW 123.9 billion in 2024, driven by Big-Tech-Ready high-performance AI ASIC technologies, a highly efficient and scalable design platform, and turnkey services.
  • Profitability is expected to improve as more projects transition from development to mass production in the second half of this year.
  • The subscription period is scheduled for December 18–19, with listing expected within this year.

SEOUL, South Korea, Dec. 17, 2025 /PRNewswire/ — SEMIFIVE, a leading provider of custom AI semiconductor (ASIC) design, held an IPO press conference on December 17 at 63 Square in Seoul, outlining its post-listing growth strategy and long-term vision.

At the press conference, Brandon Cho, CEO and co-founder of SEMIFIVE, said, “Just as TSMC has platformized semiconductor manufacturing, SEMIFIVE is lowering barriers to entry by platformizing semiconductor design, enabling anyone to develop AI semiconductors quickly and easily. Through this IPO, we aim to secure leadership in next-generation technologies such as 3D-IC and further expand our engineering infrastructure, positioning SEMIFIVE at the forefront of the paradigm shift in the global AI ASIC industry.”

SEMIFIVE was established in 2019 with the motto, “A company that enables cheaper, faster, and easier development of system semiconductors,” specializing in the development of AI ASICs. The company provides comprehensive engineering services covering the entire process from design to mass production for a broad customer base that includes fabless companies, device manufacturers, and service providers. Its business model generates recurring revenue through a combination of development services, mass production, and IP-related revenues.

SEMIFIVE collaborates with major device manufacturers such as Hanwha Vision and a global NAND memory company (S company), as well as AI fabless firms including Furiosa AI, Rebellions, and HyperAccel. Its AI solutions are used across a wide range of applications, including data centers, edge computing, storage, cameras, smart glasses, and mobile devices. By expanding its customer portfolio across the United States, China, Japan, Europe, and India, SEMIFIVE has secured stable turnkey supply capabilities and long-term growth drivers in the global market.

SEMIFIVE’s business is broadly divided into three segments: Development Services, Mass Production Supply, and IP Business. Development Services encompass the entire ASIC process, offering an End-to-End solution from chip specification definition and IP selection to logic and physical design, sample production, packaging, testing, and software development. Mass Production Supply refers to the direct mass production and supply of developed ASICs through a foundry. This structure reinforces long-term customer relationships based on exclusive production rights and generates stable revenue. The demand for mass production continues throughout the product lifecycle following the development completion, resulting in long-term product sales.

Through its subsidiary Analog Bits, SEMIFIVE also operates an IP licensing business, generating annual licensing revenue of several tens of billions of KRW. Analog Bits is a global leader in low-power mixed-signal IP, supplying critical IP to leading foundries such as TSMC, Samsung Foundry, Intel, and Rapidus. By embedding proprietary IP into its design platform, SEMIFIVE has established a structural competitive advantage over general DSP providers with limited proprietary IP.

One of SEMIFIVE’s core strengths is its “Big-Tech-Ready” capability for developing highly complex AI ASICs. The company possesses comprehensive expertise across the entire value chain, spanning advanced process nodes (2nm–4nm), large-die chip design, and critical IP development required for high-performance AI semiconductor development and mass production.

At Samsung Foundry’s second-generation 2nm GAA process, SEMIFIVE is executing the first turnkey DSP project in the industry. Revenue contribution from leading-edge processes (2nm–4nm) increased sharply from 5% in 2022 to 41.4% as of cumulative Q3 2025. With the growing importance of large-die design in high-performance AI semiconductor development, SEMIFIVE has secured unique capabilities in this area. The company recently completed the design of a 500mm² chip for a domestic LLM-based AI semiconductor company and is currently developing an ultra-large 800mm² big-die HPC chip for an Asian AI semiconductor company.

In particular, SEMIFIVE is undertaking a globally advanced project applying 3D-IC technology to vertically stack four DRAM memory chips on an 800mm² accelerator chip. 3D-IC technology is regarded as a core enabler for next-generation AI chips, as it reduces chip area and minimizes the distance between compute logic and memory, thereby improving both performance and power efficiency.

Driven by growing demand in the AI ASIC market, SEMIFIVE’s order intake has increased rapidly year over year. New orders rose from KRW 5.7 billion in 2020 to KRW 57.2 billion in 2022 and surged to KRW 123.9 billion in 2024. As of cumulative Q3 2025, new orders reached KRW 125.7 billion, exceeding the full-year total for 2024.

This surge in new orders is attributed to SEMIFIVE’s platform-based design strategy and turnkey execution capabilities. The company enables AI fabless companies and device manufacturers with limited development resources to swiftly develop and mass-produce custom AI chips through a semiconductor design platform that maximize development efficiency and scalability and End-to-End (E2E) solutions covering the entire process from design to production.

Overseas revenue increased significantly from KRW 4.5 billion (4.4% of total revenue) in 2024 to KRW 55.0 billion (59.8%) on a cumulative basis as of the third quarter of 2025. The company is expanding its global sales network, primarily through its existing subsidiaries in the United States and China. To strengthen its ability to support global customers, the company also established its subsidiary in Japan in November 2025. As a result of this strategy, the company has successfully secured 14 global customers to date and is currently in discussions with 59 prospective customers regarding additional orders.

SEMIFIVE’s design platform applies software development methodologies to semiconductor design. Semiconductors are composed of multiple subsystems, including CPUs, high-speed interfaces, and memory. Rather than designing these elements for a single fixed product, the company develops them as modular building blocks that can be automatically reconfigured to meet diverse requirements, forming a design component library. Its proprietary “Design Automation Engine” retrieves, redesigns, integrates, and verifies modules according to chip specifications, significantly reducing development time, cost, and risk while accelerating time-to-market.

A SEMIFIVE representative commented, “Given the current AI ASIC market characteristics that demand a time-to-market strategy, it is fair to say that SEMIFIVE is one of very few companies, besides Broadcom which primarily serves Big Tech, capable of assisting across the entire spectrum of rapid ASIC product development.”

On its growth trajectory, SEMIFIVE plans to use the proceeds obtained from the IPO for expanding engineering resources, strengthening technology leadership through the acquisition of advanced global technologies and IP, and supporting business expansion and working capital needs as the share of mass production projects increases.

Key projects transitioning into full-scale mass production include AI security camera chips supported by a stable captive market from a major domestic conglomerate, data center AI chips such as AI accelerators, and core display driver chips for smart glasses, where demand from big tech companies is increasing. As these projects enter mass production sequentially, the company expects growth momentum to accelerate from 2026 onward.

SEMIFIVE IPO Schedule (Tentative)

Filing of Registration Statement

November 24, 2025

Bookbuilding

December 10–16, 2025

Subscription Period

December 18–19, 2025

KOSDAQ Listing (Expected)

December 29, 2025

 

Shares Offered

5,400,000 shares

Offering Price Range

KRW 21,000–24,000 per share

Expected Offering Amount

KRW 113.4–129.6 billion

Total Shares Outstanding Post-IPO

33,716,419 shares

Expected Market Capitalization

KRW 708.0–809.2 billion

Media Contact
Robin Kim, Senior Director, robin.kim@semifive.com

About SEMIFIVE
SEMIFIVE is the pioneer of platform based SoC design, working with customers to implement innovative ideas into custom silicon in the most efficient way. Our SoC platforms offer a powerful springboard for new chip designs and leverage configurable domain-specific architectures and pre-validated key IP pools. We offer comprehensive spec-to-system capabilities with end-to-end solutions so that custom SoCs can be realized faster, with reduced cost and risks for key applications such as data center or AI-enabled IoT. With a strong partnership with Samsung Foundry as a leading SAFE DSP partner, as well as the larger ecosystem, SEMIFIVE provides a one-stop shop solution for any SoC design needs. For more information, please visit www.semifive.com.

MoEngage Secures Additional $180 million in Series F Funding; Completes Liquidity Event for Employees & Investors

The round, led by ChrysCapital and Dragon Funds, underscores MoEngage’s global momentum as enterprises move beyond legacy marketing clouds to adopt MoEngage’s insights-led customer engagement platform for both marketing and product teams.

Demand for Merlin AI and MoEngage’s unified engagement suite continues to surge across North America, EMEA, Australia, New Zealand, and Southeast Asia as brands invest in deeper insights and connected customer experiences.

SINGAPORE, Dec. 17, 2025 /PRNewswire/ — MoEngage, the customer engagement platform for consumer brands, announced it has raised an additional $180 million as part of its Series F round. This follows the $100 million secured in November 2025, taking the total Series F raise to $280 million. The latest investment was led by new investors ChrysCapital and Dragon Funds, alongside Schroders Capital, with continued participation from current investors TR Capital and B Capital.

The capital will be used to accelerate innovation for the Merlin AI suite, scale go-to-market teams in North America and EMEA, and explore strategic acquisitions that extend the platform’s capabilities. MoEngage continues to deepen its presence across Australia, New Zealand, and Southeast Asia, where enterprise brands are modernizing their customer engagement stacks and unifying marketing and product workflows.

Alongside these growth investments, MoEngage has completed its second employee tender offer, totalling approximately $15 million, which benefits 259 current & former employees in their wealth creation journey. The round included select secondary transactions for early investors, namely Eight Roads, Helion Venture Partners, Matrix Partners, and Ventureast.

“At MoEngage, we believe our success is a collective effort, built on a culture of ownership and innovation. It is vital that we recognize the people who brought us to this stage,” said Raviteja Dodda, CEO & Co-founder, MoEngage. “This liquidity program reflects that commitment by ensuring that the builders of MoEngage, our employees, and early investors have the opportunity to directly share in the milestones we achieve together. We are grateful for the partnership of ChrysCapital, Dragon Funds, Schroders Capital, TR Capital, and B Capital as we continue to scale globally.”

Accelerating Growth in Southeast Asia and ANZ

Southeast Asia and ANZ are key growth markets for MoEngage, with enterprises in Singapore, Indonesia, the Philippines, Australia, and New Zealand rapidly adopting AI-powered, insights-led engagement platforms.

MoEngage partners with leading regional brands – including Kredivo, Alfamart, Blibli, XL Axiata, Trust Bank, Stan Entertainment, 13Cabs, Canstar, and TFE Hotels, as well as global names such as 7-Eleven, Coca-Cola, Starbucks, Samsung, Domino’s, KFC, and Nestlé, to unify customer data and deliver personalized, omnichannel experiences.

Building on its leadership as the customer engagement platform for marketers, MoEngage is strengthening its suite for Product Teams with MoEngage Analytics and MoEngage Inform. As modern customer engagement isn’t driven solely by marketing, product, and marketing teams must operate on shared data to ensure customer experiences are connected, not fragmented.

MoEngage Inform streamlines critical transactional messaging, such as OTPs, account updates and service updates, via a single API across messaging channels and delivery providers, ensuring reliability distinct from marketing campaigns. Meanwhile, the enhanced Product Analytics capabilities in MoEngage Analytics bridge the gap between insight and action. By unifying behavioral data with immediate engagement, MoEngage empowers Product Managers to uncover the ‘why’ behind user behavior and instantly trigger experiences that drive retention and LTV.

“Customer engagement has never belonged to just one team. Customers move through many moments, and those moments should feel connected and supportive,” added Dodda. “When product, engineering, and marketing work from the same data and tools, they can show up more naturally for their audiences. That’s the experience we want to help companies deliver so they can grow their brands.”

Rishabh Iyer, Vice President at ChrysCapital, stated, “ChrysCapital is excited to partner with MoEngage for its next phase of AI-led growth. This investment aligns with our strategy to back technology platforms, built in India for global enterprises, leveraging deep talent, capital efficiency, and a sophisticated understanding of enterprise needs. We are impressed by MoEngage’s disciplined operating model, sustained US execution, and broad product capabilities. We look forward to helping the team become the world’s leading marketing technology platform.”

Ridhi Chaudhary, CIO of Dragon Funds, said, “We are pleased to partner with MoEngage, impressed by its strong management, continuous product innovation, and durable growth. We believe MoEngage’s best-in-class product and AI capabilities position it well to lead the martech category.” Aakash Tulsani, Managing Director at Dragon Funds, added, “MoEngage sets the bar for innovation by leveraging AI on first-party data, making it essential for marketers. It is a privilege to partner with MoEngage again, having invested previously.”

“At Zeta, we are building the modern banking stack for the world’s leading financial institutions. As a data-driven company, we rely on deep customer insights to drive our product strategy,” said Bhavin Turakhia, Co-founder & CEO, Zeta. “MoEngage Analytics has helped us optimize critical journeys like onboarding, activation, and cross-sell, while their messaging capabilities allow us to instantly nudge customers. Effectively bridging the gap between insight and action. As a user of the product, I am impressed by the constant innovation. Additionally, MoEngage Inform has become essential for powering our mission-critical communications, delivering account and transaction updates with high reliability and speed.”

“MoEngage Inform has become a core part of how we run our e-commerce experience at Loblaw across our lines of business,” said Charu Pujari, SVP, AI and Engineering at Loblaw Digital. “It keeps customers updated on their delivery and pickup orders with the speed and reliability they expect, which has made a meaningful difference in how engaged and confident they feel throughout the process.”

Avendus Capital acted as the exclusive financial advisor to the company and its shareholders.

About MoEngage

Bengaluru and San Francisco-headquartered MoEngage is an insights-led customer engagement platform, trusted by over 1,350 global consumer brands, including SoundCloud, McAfee, Flipkart, Kayak, Domino’s, Deutsche Telekom, Travelodge, and more. MoEngage empowers marketers and product owners with insights into customer behavior, enabling them to act on those insights and engage customers across web, mobile, email, social, and messaging channels. Its Merlin AI suite, a team of AI agents, enables marketers to launch campaigns faster and scale conversions with AI Decisioning. Consumer brands across 75 countries utilize MoEngage to deliver digital experiences to over 2 billion consumers every month.

MoEngage was recognized as “Customers’ Choice” in Gartner Peer Insights™ Voice of the Customer for Multichannel Marketing Hubs, May 2025 and a “Strong Performer” in The Forrester Wave™: Cross-Channel Marketing Hubs, Q4 2024.

To learn more, visit www.moengage.com

For more information, please contact:
Pooja Poddar Jain, Lead – Communications
Email: pooja.poddar@moengage.com 

Young Lao Baseball Team Shines at Southeast Asia Games

Young Lao Baseball Team Shines at Southeast Asia Games
(photo supplied)

On 15 December, the Lao Men’s National Baseball Team finished fifth at the 33rd Southeast Asian (SEA) Games 2025 in Thailand, ending the tournament with a 2–4 record in a round-robin competition.

Transport Ministry Orders Changes to BRT Design as Project Faces Safety, Funding Challenges

BRT stop at Vientiane's That Foun Temple. (Photo: Laotian Times)

The Ministry of Public Works and Transport has ordered adjustments to the Bus Rapid Transit (BRT) project, shifting from concrete curbs to painted lane markings, according to an official notice issued on 16 December.

Under the directive, all concrete curbs already installed along the BRT route must be completely removed by the end of December.

The notice also states that if donor funding for the project is discontinued, the BRT project must be suspended.

The ministry clarified that the government or the project itself will bear the cost of removing the concrete curbs.

Contractors and the public will not be held responsible for any related removal work.

Prime Minister Approves Contractor Payments

The directive builds on an earlier decision by the Prime Minister, who approved payments to contractors for work already completed under the Vientiane Urban Sustainable Transport Project (VSUTP).

In an urgent notice issued by the Office of the Prime Minister on 12 December, authorities were instructed to proceed with contractor payments based on verified completion of works. The notice also ordered adjustments to the project, including the removal of road curbs and changes to BRT lane arrangements, following public concern over traffic congestion and safety.

The PM also tasked the Ministry of Public Works and Transport, the Vientiane Capital Administration, and the Ministry of Public Security with coordinating efforts to reduce traffic congestion during peak hours as authorities continue reviewing the BRT trial.

Traffic Safety

Public scrutiny intensified after several traffic accidents involving BRT lanes during the system’s trial phase in November, with five incidents reported within weeks of the free trial launch. On 23 November, a collision between a BRT bus and a motorbike in Phonsaath village injured a rider, while another crash later that day involved a car and motorbike at a different station. Additional accidents on 8 and 10 November damaged three cars and a motorbike.

In response, authorities restricted BRT lane operations to weekdays from 7:00 AM to 7:00 PM and banned private vehicles from entering or parking in the lanes during those hours, imposing fines on violators. The incidents immediately sparked debate on social media, with residents questioning lane design and enforcement, and some arguing the dedicated lanes worsened congestion on narrow roads.

The BRT system, launched in late November under the Vientiane Urban Sustainable Transport Project, features electric buses operating along six main stations and forms part of a USD 99.7 million project funded by the Lao government and international partners.