Asia

The latest innovative tech coming out of Asia

  • Ambitious Alibaba takes aim at the kings of cloud computing

    Ambitious Alibaba takes aim at the kings of cloud computing

    When you think of the biggest cloud players in the world, one company you might not consider is Alibaba, the Chinese e-commerce giant that held a record $25 billion U.S. IPO in 2014. Alibaba entered the cloud computing business in 2009, just three years after Amazon launched its cloud division, AWS — and Alibaba’s cloud computing efforts are among the ambitious projects that… Read More

  • Jolla inks exclusive license to kick-start its Android alternative in China

    Jolla inks exclusive license to kick-start its Android alternative in China

    Mobile OS maker Jolla, whose Sailfish platform remains one of the few smartphone alternatives in play these days, has signed an exclusive license to a Chinese consortium to develop a Sailfish-based OS for the country. Read More

  • Manufacturing giant Foxconn is taking over SoftBank’s investment fund in Asia

    Manufacturing giant Foxconn is taking over SoftBank’s investment fund in Asia

    Foxconn is taking over SoftBank’s Asia-based tech investment fund. The manufacturing giant, which is responsible for producing Apple’s iPhone among many other tech products, has agreed to buy a majority 54.5 percent stake in SoftBank Asia Capital in exchange for $600 million, according to a filing. The deal is scheduled to go through March 1, after which time SoftBank Asia… Read More

  • Chat app Line doubles its stake in Snapchat clone Snow

    Chat app Line doubles its stake in Snapchat clone Snow

    Ahead of Snap’s eagerly awaited IPO, Line, one of the U.S. tech IPO highlights of 2016, has doubled down on sister service and Snapchat clone Snow. Line and Snow both share the same parent company — Naver — but the two firms have increasingly become financially entwined. Line bought up 25 percent of Snow last September for $45 million, and now it is nearly doubling its… Read More

  • Huawei’s shiny P10 flagships come in (almost) all the colors of the rainbow

    Huawei’s shiny P10 flagships come in (almost) all the colors of the rainbow

    If you’re bored of the same old monotone/metallic smartphone color choices, Chinese mobile maker Huawei has been thinking a little differently for its just announced P10 and P10 Plus flagship handsets — and is offering a spectrum of shades, including a striking deep blue option and a pale green. Read More

  • Stayzilla, India’s Airbnb for homestays, closes its service

    Stayzilla, India’s Airbnb for homestays, closes its service

    Stayzilla, an Airbnb for homestays in India, is closing down its service. The company was founded six years ago and had raised $34 million from investors, including a $20 million Series B in 2015. Now is the time to pause and “reboot” however, CEO and co-founder Yogendra Vasupal explained in a blog post. The company reached a network of over 50,000 accommodation options across… Read More

  • Rocket Internet’s Zalora is retreating from two more countries in Asia

    Rocket Internet’s Zalora is retreating from two more countries in Asia

    Zalora, the Rocket Internet-backed online fashion store, is continuing its retreat from Asia. The firm sold off its businesses in Vietnam and Thailand last year, and now it is withdrawing from the Philippines and Indonesia. Yesterday it transpired that Zalora sold 49 percent of its Philippines-based operations to local real estate firm Ayala, as E27 reported, but it is in the process of… Read More

  • Indonesia’s Printerous raises $1.4M to digitize traditional printing

    Indonesia’s Printerous raises $1.4M to digitize traditional printing

    Printerous, an Indonesia startup that is bringing the country’s printing industry into the digital era, has raised $1.4 million. The round was led by Golden Gate Ventures with participation from U.S. firm Sovereign’s Capital and Indonesian conglomerate Gunung Sewu Kencana. The two-year-old company is using the internet to make traditional printing more efficient and convenient. Read More

  • Indonesia’s Kejora announces first close of $80M fund for Southeast Asia

    Indonesia’s Kejora announces first close of $80M fund for Southeast Asia

    Indonesia-based early-stage investment firm Kejora has announced the first close of a second fund which is targeted at $80 million for investments in Southeast Asia. Kejora, which is known for its Ideabox accelerator program in Jakarta, has secured one-third of its target, with investment from LPs that include Indonesia’s Barito Pacific Group, Thai conglomerate Charoen Pokphand Family… Read More

  • India’s top mobile operator Airtel is buying smaller rival Telenor India

    India’s top mobile operator Airtel is buying smaller rival Telenor India

    Less than a month after Vodafone confirmed it is in talks to merge with Idea Cellular and create India’s largest mobile operator, one piece of M&A has been confirmed in that space. Bharti Airtel has gobbled up smaller player Telenor India in a deal announced today. The Airtel-Telenor deal is subject to regulatory approvals, but both sides said it should be completed within the next… Read More

  • Singtel’s digital ad division Amobee acquires Turn for $310M

    Singtel’s digital ad division Amobee acquires Turn for $310M

    Amobee just announced that it has agreed to acquire adtech company Turn for $310 million. Amobee used to be a mobile ad startup itself, before a 2012 acquisition by Singtel, where it remains a subsidiary. Since then, Singtel and Amobee have continued to make more acquisitions on the digital ad side, including Gradient X, Adconion and Kontera. Turn, meanwhile, operates both a data… Read More

  • India’s Snapdeal to lay off 500-600 as it battles Flipkart and Amazon

    India’s Snapdeal to lay off 500-600 as it battles Flipkart and Amazon

    Snapdeal, one of India’s big online marketplaces connecting sellers of a range of goods with consumers looking to buy them, is feeling the pinch of competition from Flipkart, Amazon and a host of startups that have emerged with the rise of e-commerce in the country. The startup — backed by the likes of eBay, Alibaba and Softbank and last valued at $6.5 billion — issued… Read More

  • Supr Daily is digitizing milk delivery in India

    Supr Daily is digitizing milk delivery in India

    Getting product lock-in is key in the world of startups. Your app, service or products needs a hook that brings your users back time and time again. How about a startup that hangs its hook on daily milk deliveries? Supr Daily is that startup. Its is currently taking part in the latest program at Y Combinator, from where CEO Puneet Kumar explained more about what the Mumbai-based startup… Read More

  • 500 Startups reboots its efforts in China, but there’s no dedicated fund

    500 Startups reboots its efforts in China, but there’s no dedicated fund

    500 Startups is rebooting its efforts in Greater China after it hired a new head of business for the region, which covers mainland China, Hong Kong and Taiwan. Edith Yeung, a former executive with browser firm Dolphin Mobile, is taking up the reins. The VC firm had been without a recognized setup in China for some time after former lead Rui Ma relocated to the 500’s U.S. operations… Read More

  • Microsoft launches Skype Lite Android app for India and other emerging markets

    Microsoft launches Skype Lite Android app for India and other emerging markets

    Microsoft has retooled Skype, the messaging service synonymous with business users, for people living in emerging markets. Today, at its Future Decoded event in India, Microsoft took the wraps off Skype Lite. The service is an Android app that mains the core video and voice calling functionalities, but is optimized for those on limited internet connections such as 2G data. It… Read More

  • Baidu’s iQiyi video service raises $1.53 billion

    Baidu’s iQiyi video service raises $1.53 billion

    Baidu is charging up its video content push after iQiyi, its YouTube-style service in China, raised $1.53 billion from the sale of convertible notes to investors. The deal appears to end speculation that the firm was mulling an IPO. iQiyi, which had an offer to go independent fall through last year, raised the capital from a number of top-name investors including Hillhouse Capital… Read More

  • Apple quietly bought iCloud.net domain, shuts down eponymous social network

    Apple quietly bought iCloud.net domain, shuts down eponymous social network

    It looks like Apple has finally picked up one of the last remaining pieces of internet property linked to one of its key service brands: the iPhone and Mac giant has quietly taken over ownership of iCloud.net, TechCrunch has learned. Subsequent to that, the small-time Asian social network that existed at the site has informed its users that it will be shutting down by the end of this… Read More

  • Meitu’s new phone includes a dual pixel front camera and AI-powered beautification

    Meitu’s new phone includes a dual pixel front camera and AI-powered beautification

    Selfie app and phone company Meitu has unveiled its latest smartphone, which doubles down its focus on selfie cameras and beautification. Meitu went public in December with a Hong Kong listing that was fairly tepid but nevertheless the country’s largest tech IPO since 2007. It started out making selfie apps but branched into selling ‘selfie-optimized’ smartphones in 2013. Read More

  • Facebook on course to be the WeChat of the West, says Gartner

    Facebook on course to be the WeChat of the West, says Gartner

    It’s the beginning of the end for smartphone apps as we have known and tapped on them, reckons Gartner. The analyst is calling the start of a “post-apps” era, based on changes in consumer interactions that appear driven, in large part, by the rise of dominant messaging platforms designed to consume more and more of mobile users’ time and attention. Read More

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