Asia

 

The latest innovative tech coming out of Asia

  • GrabTaxi Raises $15M Series B Led By GGV Capital

    GrabTaxi Raises $15M Series B Led By GGV Capital

    GrabTaxi, the taxi-calling app that claims to be the largest in Southeast Asia, said today that it has raised a $15 million Series B led by GGV Capital with participation from Qunar and returning investor Vertex Venture Holdings. The latter led GrabTaxi’s Series A round, which was announced last month; though the amount was undisclosed, CEO Anthony Tan said it was more than $10 million. Read More

  • Sequoia Backs Coupang, South Korea’s Answer To Amazon, With $100 Million

    Sequoia Backs Coupang, South Korea’s Answer To Amazon, With $100 Million

    Coupang, South Korea’s answer to Amazon, has raised $100 million in a round of financing led by Sequoia Capital. The investment led by Sequoia chairman Mike Moritz adds one of Asia’s fastest-growing and most valuable startups to Sequoia Capital’s already impressive roster of Asian deals. According to one person with knowledge of the deal, the new investment values Coupang at… Read More

  • Bindo Raises $1.8M To Help Small Brick-And-Mortar Stores Go Online

    Bindo Raises $1.8M To Help Small Brick-And-Mortar Stores Go Online

    The growth of e-commerce behemoths like Amazon and the convenience they offer to shoppers have been especially hard on local brick-and-mortar stores. A startup called Bindo wants to reverse that trend. Headquartered in New York City with offices in Hong Kong, Bindo has created an iPad point-of-sale system that integrates with its cloud-based payment platform for small merchants, with the goal… Read More

  • Alibaba Ramps Up Its Asian Logistics With A $249M Investment In SingPost

    Alibaba Ramps Up Its Asian Logistics With A $249M Investment In SingPost

    Alibaba, the Chinese e-commerce giant, is today taking a play from the books of Amazon and eBay as it makes a key move to expand its presence across other countries in Asia. Today the company, gearing up for an IPO in the U.S., announced that it would invest 312.5 million Singapore dollars (U.S. $249 million) to take a 10.35% stake in Singapore Post Limited (SingPost). “We are excited… Read More

  • NTT DOCOMO, Japan’s Largest Carrier, To Start Carrying The iPad Air And iPad Mini 2 On June 10

    NTT DOCOMO, Japan’s Largest Carrier, To Start Carrying The iPad Air And iPad Mini 2 On June 10

    Apple announced today that it will begin to sell the iPad Air and iPad mini with Retina display in Japan on NTT DOCOMO’s network starting June 10. NTT DOCOMO is the country’s largest carrier and what is notable about the announcement is that it has taken a relatively long time for company to start offering the iPad Air and iPad mini with Retina display, which were both released… Read More

  • Retro Is One Of The Most Beautiful Instagram iPad Viewers

    Retro Is One Of The Most Beautiful Instagram iPad Viewers

    Despite being one of the fastest growing social sites in the world, Instagram still hasn’t come out with an iPad app. This has allowed several developers to step into the breech and offer their own tablet viewers for the popular photo-sharing app. Some of the most popular ones include Padgram, Pictacular, and Iris App. In order to step up to the competition, a bootstrapped… Read More

  • Messaging 2.0 Is Now Over

    Messaging 2.0 Is Now Over

    The second messaging revolution is now quickly coming to a close. With the news today that Korea’s leading messenger KakaoTalk is merging with one of that country’s largest internet portals, Daum Communications, we are witnessing the end of the rise of mobile-focused independent messaging startups that started just five years ago. Only Kik Messenger remains standing… Read More

  • Flipkart Raises $210M In New Funding From DST Global And Returning Investors

    Flipkart Raises $210M In New Funding From DST Global And Returning Investors

    Flipkart, India’s largest e-commerce company, announced today that it has raised $210 million in a new funding round led by DST Global, with returning investors Tiger Global, Naspers, and Iconiq Capital also participating. The announcement comes on the heels of last week’s news that Flipkart will acquire online fashion retailer Myntra in a deal reportedly worth $300 million. Read More

  • Kakao And Daum To Merge, Creating One Of South Korea’s Largest Internet Companies

    Kakao And Daum To Merge, Creating One Of South Korea’s Largest Internet Companies

    Kakao and Daum announced today that they will merge through an equity swap, creating a company with a 3.4 trillion won (about $2.9 billion) market capitalization. Kakao and Daum stand to become one of South Korea’s largest Internet companies and will be better positioned to compete against Naver, South Korea’s largest Internet portal and the maker of KakaoTalk competitor Line. Read More

  • YOYO Holdings Snags $1.3M For Its Prepaid Mobile Consumer Survey Platform

    YOYO Holdings Snags $1.3M For Its Prepaid Mobile Consumer Survey Platform

    YOYO Holdings, a rewards platform that targets prepaid mobile phone users in developing economies, has secured $1.3 million in funding from Japanese venture capital firms GREE Ventures, CyberAgent Ventures, and Incubate Fund. Read More

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