Asia

Chinese EV maker Nio is stepping outside of China for the first time

Chinese electric vehicle maker Nio has chosen Norway — an EV hotspot — for its first foray into international markets. Nio Norway will offer a European version of ES8, Nio’s flagship electri

PUBG Mobile to relaunch as Battlegrounds Mobile in India

Krafton, the South Korean developer of PUBG Mobile, said on Thursday that it is bringing back the popular gaming title to India under the brand name Battlegrounds Mobile India. The new title, which us

Tesla supplier Delta Electronics invests $7M in AI chip startup Kneron

Despite a persistent semiconductor shortage that is disrupting the global automotive industry, investors remain bullish on the chips used to power next-generation vehicles. Kneron, a startup that deve

China expresses concern over its absence in India’s 5G trials

China expressed concern on Wednesday over India’s move to not grant any Chinese firm permission to participate in 5G trials in the world’s second-largest internet market as the two neighboring nat

Indian online teaching platform Teachmint raises $16.5 million

An Indian startup that began its life after the global pandemic broke last year said on Tuesday it has concluded its third financing round as it enables hundreds of thousands of teachers in the world&

India grants approval for 5G trials, avoids Chinese firms

The Indian telecom ministry on Tuesday said it has granted several telecom service providers permission to conduct a six-month trial for the use and application of 5G technology in the country. New De

Facebook rolls out vaccine finder tool in India, donates $10 million

Facebook has announced a $10 million grant to support emergency response efforts in India and has rolled out its Vaccine Finder tool in the country as the South Asian nation grapples with the latest w

Is Washington prepared for a geopolitical ‘tech race’?

When Secretary of State Antony Blinken and National Security Advisor Jake Sullivan sat down with Chinese officials in Anchorage, Alaska for the first high-level bilateral summit of the new administrat

How UK-based Lendable is powering fintechs across emerging markets

What moves the needle for digital lenders is serving loans to their respective customers. But where does this money come from? The pool is usually equity or debt. While some lenders use the former, it

Apple sales bounce back in China as Huawei loses smartphone crown

Huawei’s smartphone rivals in China are quickly divvying up the market share it has lost over the past year. Indeed, 92.4 million units of smartphones were shipped in China during the first quar

India’s ElasticRun raises $75 million to grow its commerce platform for neighborhood stores

A startup that is helping more than 125,000 neighborhood stores in India secure working capital, inventory from top brands and work with e-commerce firms to boost revenues said on Thursday it has rais

Facebook hid posts calling for PM Modi’s resignation in India ‘by mistake’

Updated at 1.17am IST, Thursday: Facebook comms Andy Stone said the company has restored the posts and is “looking into what happened.” Updated at 5.50am IST, Thursday: Facebook says it te

India’s entrepreneurs and investors are mobilizing to help the nation fight COVID-19 — and you can too

At a time when much of the world has asserted great control over containing the spread of the coronavirus, with countries increasingly vaccinating its citizens, a different story is playing out in Ind

Zomato juice: Indian unicorn’s proposed IPO could drive regional startup liquidity

The IPO parade that has continued in 2021 is not a strictly domestic affair. Other countries are getting in on the unicorn liquidity rush. This week, India-based food-delivery unicorn Zomato filed to

PayPal’s ambition and uphill battle in China

Over the last few months, PayPal has been quietly gearing up for its expansion in China. At the recent Boao Forum for Asia, China’s answer to Davos, the American payments giant said its strategy

Indian food delivery startup Zomato files for $1.1 billion IPO

Indian food delivery startup Zomato on Wednesday filed for an initial public offering, ushering a new era for tech unicorn startups in the world’s second-largest internet market after years of p

Ushopal looks to charm China’s beauty lovers with niche Western brands

What will China’s answer to Estée Lauder look like in the digital age? According to Ushopal, it will provide a seamless online and offline shopping experience, where China’s savvy beauty

China’s e-commerce giant JD.com starts paying some staff in digital yuan

China’s plan to introduce its digital currency is getting a lot of help from its tech conglomerates. JD.com, a major Chinese online retailer that competes with Alibaba, said Monday that it has s

India’s LEAD School raises $30 million to reach more students

An Indian startup that is helping digitize and transform affordable private schools to better serve students from middle and low-income groups of families said on Monday it has raised $30 million in a

Alleged records of 20 million BigBasket users published online

A database of about 20 million alleged BigBasket users has leaked on a well-known cybercrime forum, months after the Indian grocery delivery startup confirmed it had faced a data breach. The database
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