Asia

India’s contact-tracing app is going open-source

India said it will publicly release the source code of its contact-tracing app, Aarogya Setu, to the relief of privacy and security experts who have been advocating for this ever since the app launche

China’s food delivery giant Meituan hits $100B valuation amid pandemic

Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion. The Hong Kong-listed giant, which focuses on food delivery with smaller segments in travel and transpo

Uber cuts 600 jobs in India

Uber is cutting 600 jobs in India, or 25% of its workforce in the country, it said on Tuesday as it looks to cut costs to steer through the coronavirus pandemic. The job cuts, which affect teams acros

Work collaboration unicorn Notion is blocked in China [Update: It’s back]

Notion, the fast-growing work collaboration tool that recently hit a $2 billion valuation, said on Twitter Monday that its service was blocked in China. The productivity app has attracted waves of sta

China Roundup: A blow to US-listed Chinese firms and TikTok’s new global face

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a tumultuous

JioMart, the e-commerce venture from India’s richest man, launches in 200 cities and towns

The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to

Xiaomi’s investment house of IoT surpasses 300 companies

Xiaomi, the Chinese comapny famous for its budget smartphones and a bevy of value-for-money gadgets, said in a filing on Thursday that it has backed more than 300 companies as of March, totaling 32.3

KKR to invest $1.5 billion in India’s Reliance Jio Platforms

Billionaire Mukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major deal the top Indian telecom operator has secured in just as m

Amazon launches food delivery service in India

Amazon is joining India’s online food delivery market just as top local players Swiggy and Zomato reduce their workforce to steer through the coronavirus pandemic and months after Uber Eats’ e

Facebook rolls out feature to help women in India easily lock their accounts

Facebook has rolled out a new safety feature in India that will enable users to easily lock their account so that people they are not friends with on the platform cannot view their posts and zoom into

China’s Geek+ brings warehouse robots to US via Conveyco partnership

Chinese robots will soon be seen roaming a number of warehouse floors across North America. Geek+, a well-funded Chinese robotics company that specializes in logistics automation for factories, wareho

Indian ride-hailing firm Ola cuts 1,400 jobs

Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expenses to steer through the coronavirus pandemic tha

AngelList India head Utsav Somani launches micro VC fund to back 30 early-stage startups

As investors get cautious about writing new checks to early-stage startups in India amid the coronavirus outbreak, AngelList’s head in India is betting that this is the right time to back young firm

India’s Khatabook raises $60 million to help merchants digitize bookkeeping and accept payments online

Khatabook, a startup that is helping small businesses in India record financial transactions digitally and accept payments online with an app, has raised $60 million in a new financing round as it loo

Xiaomi releases MIUI 12 global update with more privacy controls, revamped user interface

Xiaomi on Tuesday unveiled the global version of MIUI 12, the latest update to its Android -based operating system, for hundreds of millions of smartphones as the Chinese electronics giant pushes to b

Following Luckin Coffee scandal, Nasdaq ready to tighten rules on IPO listings

Chinese stocks have seen the highest highs and the lowest lows in recent weeks. While the country suffered the first economic shocks of the novel coronavirus that originated in Wuhan, China’s aggres

70% of Indian startups will run out of money in less than 3 months

More than two-thirds of startups in India need to secure additional capital in the coming weeks to steer through the coronavirus pandemic, according to an industry report. 70% of startups in India, ho

TikTok parent ByteDance leads $6M round in financial AI startup Lingxi

TikTok’s parent company ByteDance has added Lingxi, a Beijing-based startup that applies machine intelligence to financial services such as debt collection and insurance sales, to its ever-expan

With 170M users, Bilibili is the nearest thing China has to YouTube

Bilibili, a Chinese video streaming website that was once regarded as a haven for youth subculture, has been steadily making its way into the mainstream as users age up and content diversifies. The NA

As Jack Ma and SoftBank part ways, the open and globalized era of tech comes ever closer to an end

It would be one of the greatest startup investments of all time. Masayoshi Son, riding high in the klieg lights of the 1990s dot-com bubble, invested $20 million dollars into a fledgling Hong Kong-bas
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