Asia

The latest innovative tech coming out of Asia

  • Lessons from Seoul’s Two Sharing Economies Crunch Network

    Lessons from Seoul’s Two Sharing Economies

    As a Fulbright grantee, I spent part of the last year researching the sharing economy in Seoul. One of my main findings? Korea actually has two. The first is small-scale, hyper local and socialist in flavor. The second is the polar opposite of the first, and encompasses Airbnb and Uber, the enormous, multinational corporations that remain those best associated with the term “sharing… Read More

  • Corporate Venture Capital Is King In Japan Crunch Network

    Corporate Venture Capital Is King In Japan

    When it comes to raising money in the U.S., corporate venture capital is seemingly synonymous with “Plan C.” If you can’t raise money from top-tier firms, you move on to Plan B, second-tier firms. If that fails, Plan C is corporate. There are exceptions, but corporate does tend to be the last resort: The place you go when your company has been shopped, or your valuation is… Read More

  • Samsung Touts Video Chops With Two More Big Screen Phones

    Samsung Touts Video Chops With Two More Big Screen Phones

    As expected (and amply leaked), Samsung has today whipped back the curtain on a pair of new flagship smartphones, announcing two new phablets: the Galaxy Note 5 and the Galaxy S6 Edge+ at press events in New York and London. The focus for Samsung here is bigger handsets that can do more with multimedia content, letting the user make use of additional screen real-estate for video editing or… Read More

  • HTC Cuts 15% Of Its Workforce As It Bids To Return To Profitability

    HTC Cuts 15% Of Its Workforce As It Bids To Return To Profitability

    HTC said last week that it would be cutting costs “significantly,” and today the struggling Android phone maker revealed that will make 15 percent of its staff made redundant as part of that strategy. That’ll mean around 2,250 employees lose their jobs. Read More

  • Xiaomi Trolls Samsung With Redmi Note 2 Launch

    Xiaomi Trolls Samsung With Redmi Note 2 Launch

    Chinese mobile making upstart Xiaomi is gunning to steal Samsung’s thunder by launching a pair of phablet smartphones on the same day Samsung is due to unbox phablet-sized updates to its Galaxy Note and Galaxy S6 Edge devices. Read More

  • BigBasket, One Of India’s Largest Online Grocers, Raises $50M

    BigBasket, One Of India’s Largest Online Grocers, Raises $50M

    BigBasket.com, one of the biggest online grocery stores in India, is planning to expand into more cities after raising $50 million in new funding led by Bessemer Venture. Founded in 2011, the company is facing competition from upstarts like ZopNow, PepperTap, and Grofers, as well as a host of other hyperlocal services that promise on-demand delivery from neighborhood stores Read More

  • Lenovo Is Laying Off 3,200 Staff After A Poor Quarter Of Business

    Lenovo Is Laying Off 3,200 Staff After A Poor Quarter Of Business

    Lenovo, the world’s largest PC maker and fifth largest smartphone firm, is laying off 3,200 employees as it bids to return to healthier finances following a disappointing last quarter. Read More

  • Tencent Strikes Strategic Partnership With Indoor Mapping Startup Sensewhere

    Tencent Strikes Strategic Partnership With Indoor Mapping Startup Sensewhere

    Chinese Internet giant Tencent, the maker of WeChat, has pinned down a strategic investment with indoor mapping startup sensewhere. The total amount of the deal was undisclosed, but the companies said that Tencent now has a license to use sensewhere’s indoor positioning software in Tencent Maps. Sensewhere will also be Tencent’s preferred vendor for location-based advertising… Read More

  • Alibaba Q1 2015 Revenue Misses Expectations

    Alibaba Q1 2015 Revenue Misses Expectations

    Alibaba’s investment in its mobile business is starting to bear fruit, but the e-commerce giant still reported disappointing results for the first fiscal quarter of 2015. Read More