Asia

Paytm claims top spot in India’s mobile payments market with 1.2B monthly transactions

Paytm, India’s most valuable startup, said on Monday it processed 1.2 billion transactions in the month of February, illustrating the level of penetration it has made in one of the world’s fastest

Qualcomm veteran to replace Alain Crozier as Microsoft Greater China boss

Microsoft is getting a new leader for its Greater China business. Yang Hou, a former senior vice president at Qualcomm, will take over Alain Crozier as the chairman and chief executive officer for Mic

Tim Hortons marks two years in China with Tencent investment

Tim Hortons, the Canadian coffee and doughnut giant, has raised a new round of funding for its Chinese venture. The investment is led by Sequoia China with participation from Tencent, its digital part

Former top Paytm exec is building his own financial services startup

The executive who built the financial services boutique for Paytm, India’s most valuable startup, is ready to do something similar all over again. Pravin Jadhav, the former chief executive of Pa

Xiaomi further localizes India supply chain via BYD, DBG partnerships

China’s Xiaomi had dominated the Indian smartphone market for three consecutive years until recently losing the top spot to Samsung. It has played by the Indian government’s rulebook to su

James Murdoch’s Lupa Systems leads $31 million investment in India’s Doubtnut

Doubtnut, an Indian startup that helps students learn and master concepts from math and science using short videos, has raised $31 million in a new financing round, months after it rejected an acquisi

Facebook, Twitter, WhatsApp face tougher rules in India

India announced sweeping rules to regulate social media firms, streaming services and digital news outlets on Thursday, posing new challenges for giants such as Facebook, Twitter, Google and Netflix t

Infra.Market becomes India’s newest unicorn with $100 million fundraise

The newest unicorn in India is a startup that is helping construction and real estate companies in the world’s second-most populated nation procure materials and handle logistics for their proje

Chinese mobile games are gaining ground in the US

Over the past year, the coronavirus crisis has spurred app usage in the United States as people stay indoors to limit contact with others. Mobile games particularly have enjoyed a boom, and among them

Walmart’s Flipkart to deploy over 25,000 electric vehicles in India by 2030

India’s Flipkart said on Wednesday it will deploy more than 25,000 electric vehicles in its supply chain by 2030 as the Walmart-owned e-commerce giant looks to achieve a 100% transition to elect

Area 120 is beginning to use Google’s massive reach to scale HTML5 GameSnacks platform

Hundreds of millions of users, especially in developing markets, don’t own high-end smartphones and can’t afford fast data plans to enjoy much of anything on the web. Google has been exploring mul

India’s Zomato valued at $5.4 billion in new $250 million investment

Zomato has raised $250 million, two months after closing a $660 million Series J financing round, as the Indian food delivery startup builds a war-chest ahead of its IPO later this year. Kora (which c

Spotify to expand international footprint across 85 new markets

Over the next few days, Spotify will be launching its service in 85 new markets, and will also roll out 36 new languages on the platform. The news was announced at its online event, “Stream On” to

Twitter explored buying India’s ShareChat and turning Moj into a global TikTok rival

Twitter recently held talks to acquire Indian social media startup ShareChat as the company explored ways to expand its presence in the world’s second-largest internet market and build a global riva

China’s Black Lake raises $77M to give factories a digital upgrade

Zhou Yuxiang doesn’t have the typical profile for working in China’s manufacturing world. A soft-spoken yet incisive person in his early thirties, Zhou graduated from Dartmouth College wit

South Korea’s prime minister has joined Clubhouse

After garnering an estimated 8 million downloads since its launch, Clubhouse’s popularity continues across the world and even outside of its original tech-focused seed community. The latest news com

Leverage Edu raises $6.5 million to help Indian students land in top colleges abroad

Each year, millions of students in India rush to get an admission in universities abroad. Often they don’t know which program they should focus on, or the college that is right for their skillset an

With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India

There are more than 1.7 billion underbanked people globally, the majority of which are from emerging markets. For them, accessing loans can be difficult, which is a problem fintechs try to solve. One

TikTok’s China twin Douyin has 550 million search users, takes on Baidu

The advance of short videos is reshaping how information is created, disseminated and consumed online. Snappy 15-second videos aren’t just for entertainment. On Chinese short-video apps Douyin a

Indian trader group calls for ban on Amazon following damning report

An influential India trader group that represents tens of millions of brick-and-mortar retailers called New Delhi to ban Amazon in the country after a report claimed that the American e-commerce group
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