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Potential of Vietnam’s market proved during the fourth wave of COVID-19

Teky launches online study platform Toppy regarding the potential of AI

Toppy’s phone app interface

The platform using AI, Toppy, has just been launched by Teky Institute of Technology Innovation. Toppy stimulates students’ curiosity, discovery, learning potential, skills improvement on computers and phones. The updated lectures integrate video tutorials, multiple-choice exercises, and exams. Students can test their own level and get results right away. Learning is also more interesting with challenges, minigames during the study. Parents can monitor their children’s learning progress, grades, strong and weak subjects, to get an education orientation regarding the standards of the Ministry. Teachers can exploit a rich repository of lessons. Toppy also supports international standard TOEIC and IELTS test preparation. Students can ask questions online with “Star Teachers” nationwide.

Society Pass partners with PayTech towards the potential of Vietnamese markets

The partnership between Society Pass and PayTech

In June 2021, Society Pass partnered with PayTech’s Epoint and MyPoint. This is an important step to attract customers of Society Pass in Vietnam. Especially, the COVID-19 wave is driving the demand for online shopping and payment. Epoint and MyPoint are cooperating products of PayTech, EVN Hanoi, MobiFone, helping users access incentives. Customers can exchange points for incentives when buying food online or using Society Pass services nationwide. Each invoice will accumulate points for other people with other incentives. This partnership will bring the Society Pass brand closer to the masses. The two sides will share information technology, knowledge, and the large service network in Vietnam.

hiLife Interactive raised $8 million Series A from Shanghai 2345

hiLife Interaction’s phone app interface

Singapore-based smart-living company hiLife Interactive raised $8 million Series A from Shanghai 2345 Network. The funds help hiLife expand its platform with new features beyond residential properties. The company expects to scale into Southeast Asian markets. It also plans to break into Australasia and Europe by the end of 2021. The company operates in Indonesia, Malaysia, the Philippines, Sri Lanka, Thailand, Vietnam. It provides smart-residential solutions to over 80,000 households in Singapore. The company’s smart-access system includes visitor and vehicle management facilities, supported by license plate recognition technology that aims to increase convenience and security. In 2018, hiLife penetrated a quarter of all condominiums in Singapore. The company went from negligible revenue in 2017 to contracts worth millions of dollars in 2018.

upGrad sets aside $250 million for potential M&As

upGrad’s website interface

India-based edtech firm upGrad set aside $250 million for M&As over the next 7-9 months. The firm identified segments, target companies as potential investment opportunities. The company expects to announce two M&As within the next 60 days. UpGrad focuses on short-form learning startups in potential markets such as Africa, Indonesia, Vietnam. It aims for a bigger play in the coaches-and-mentors ecosystem. In April 2021, upGrad secured $120 million from Singapore state-owned firm Temasek in its first-ever external fundraising. About 25% of upGrad’s international students had enrolled in North America. In May 2021, its Indian edtech rival Byju launched its platform in the US, UK, Australian, Brazilian, Indonesian, Mexican markets. Meanwhile, upGrad acquired video-enabled learning solution platform Impartus for about$20.6 million.

LEGO reveals its first brick made of recycled plastic

LEGO‘s prototype brick made of recycled plastic

Thinking of LEGO, we remember colorful plastic bricks forming many unique shapes. With the desire to positively affect the planet, LEGO has launched the first prototype brick made of recycled plastic. Although the brick is small, it is the result of more than three years of research and development by 150 people with more than 250 test materials. This is a breakthrough towards LEGO’s sustainable commitment. The first bricks still need production approval, which can take more than a year. This could lead to a new, more positive trend for the environment of the toy industry.

Sources of information include VNExpress, TechInAsia, WiredUK.