Asia

The latest innovative tech coming out of Asia

  • Selfie app Snow, once a Snapchat clone, raises $50M from SoftBank and Sequoia China

    Selfie app Snow, once a Snapchat clone, raises $50M from SoftBank and Sequoia China

    It’s been a while since we heard from Snow, the Snapchat clone app in Asia that Facebook once tried to buy, but today the company behind it has scooped up a $50 million investment from SoftBank and Sequoia China. Snow was started by Naver, the Korean firm behind popular messaging app Line, and it had proven popular in Japan, Korea, China and other markets in Asia thanks to a focus on… Read More

  • Grab is adding bike-sharing to its ride-hailing service in Southeast Asia

    Grab is adding bike-sharing to its ride-hailing service in Southeast Asia

    Grab, Uber’s chief rival across Southeast Asia, appears to be getting into bike-sharing after plans for a joint service with oBike surfaced in Singapore. Last week, an eagle-eyed resident in Singapore shared photos of Grab Cycle bikes — which show an oBike logo, too — being loaded into a van. Grab declined to comment when we asked about an integration, but it wouldn’t be… Read More

  • JD.com leads investment in Vietnam-based e-commerce service Tiki

    JD.com leads investment in Vietnam-based e-commerce service Tiki

    JD.com, the Chinese e-commerce firm that rivals Alibaba, has continued its expansion in Southeast Asia with an investment in Vietnam-based Tiki, a seven-year-old online retail service. JD.com is leading a Series C investment round in Tiki alongside VNG, the Vietnam-based online media and gaming company that is already an investor. The round itself is undisclosed, but TechCrunch understands… Read More

  • Google is investing in Indonesia-based Uber rival Go-Jek

    Google is investing in Indonesia-based Uber rival Go-Jek

    Google is back investing in ride-hailing companies. The U.S. search firm and China’s Meituan-Dianping are among the tech giants set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told TechCrunch. We understand a deal could be completed as soon as next week, though whether Go-Jek announces it is unclear since it has history of… Read More

  • Storytelling app Wattpad raises $51M at a $398M valuation

    Storytelling app Wattpad raises $51M at a $398M valuation

    Content, as they say, is king — but these days, that may be true only for as long as you can figure out a good business model to deliver it. And today, a startup based out of Toronto, Canada is re-upping its coffers to fill out its ambition to do just that. Wattpad, a storytelling and reading/viewing app that combines crowdsourced content with professionally produced material, has picked… Read More

  • Didi has a brilliant plan to contain the threat of China’s bike-sharing services

    Didi has a brilliant plan to contain the threat of China’s bike-sharing services

    China’s Didi Chuxing unveiled its bike-sharing platform today and, as expected, it looks like a very aggressive move to protect its position. When Didi first announced its plans to offer rides from Ofo and Bluegogo inside its app, I argued that this was far from a positive gesture since the ultimate goal is control. By introducing its own service inside its own app to its own… Read More

  • Uber rival Grab acquires Indian startup to bulk up its mobile payment platform

    Uber rival Grab acquires Indian startup to bulk up its mobile payment platform

    Grab, Uber’s main rival in Southeast Asia, is continuing to develop its mobile payment strategy after it announced the acquisition of India-based startup iKaaz. The deal — which is undisclosed — will see iKaaz’s engineering team join the Bangalore-based engineering office which Grab opened last year. The firm declined to say how many new recruits are moving over… Read More

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