Asia

Samsung confirms it is making ASIC chips for cryptocurrency mining

Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurr

SoftBank buys into Line’s mobile service in Japan

SoftBank is partnering up with messaging app Line to help develop its Line Mobile telecom service. Line announced that it has agreed to allow SoftBank to take a 51 percent in the business via an issua

Chat app Line announces plan for cryptocurrency services, loans and insurance

Line, the messaging app with around 200 million monthly users, is embracing bitcoin and other cryptocurrencies to fend off increased competition from Facebook and others. The Japanese company today an

Google completes its $1.1B deal to buy a chunk of HTC’s smartphone division

Google has announced the completion of its $1.1 billion deal to buy a large slice of HTC’s hardware business. The acquisition was announced back in September 2017 but now it has passed the requi

Uber’s India rival Ola is expanding to Australia in first overseas move

2018 is the year for ride-hailing expansions. Fresh from China’s Didi moving into Brazil and Taiwan, Ola in India is taking the first steps to move into the Australian market which expands its r

Malaysia’s capital will adopt ‘smart city’ platform from Alibaba

Alibaba’s cloud computing business is to deploy its big data services package for cities in Kuala Lumpur to help Malaysia’s government with the running of its capital city and potentially

Goxip raises $5M led by Meitu to build an influencer marketing platform for fashion in Asia

Goxip, a Hong Kong-based social shopping service, has raised $5 million to branch out into influencer marketing. The investment was led by Meitu, the $6 billion Hong Kong-listed company that develops

Google confirms investment in Indonesia’s ride-hailing leader Go-Jek

Google has confirmed its investment in Go-Jek, the hail-railing service that rivals Uber and Grab in Indonesia. TechCrunch reported the investment earlier this month, which was made alongside China&#8

Japanese exchange says hackers stole over $400M in cryptocurrency

A Japanese cryptocurrency exchange has claimed it lost more than $400 million in tokens following an alleged hack on its service. Coincheck said Friday that some 500 million tokens of NEM, worth aroun

Annual smartphone shipments in China declined for the first time in 2017

China’s smartphone market is no longer growing after it witnessed its first annual decline in shipments during 2017, according to new figures released today. The writing was on the wall with a

Xiaomi beats Samsung to top spot in India’s smartphone market

Xiaomi couldn’t have wished for better timing of two reports that claim it has toppled Samsung to become India’s top-selling smartphone company. The Chinese firm, which is reportedly on a

LG’s mobile business is still making big losses

LG’s smartphone business still continues to lose money at an alarming rate. The Korean firm cut its losses in its Q4 2017 financial period to minus RKW 213.2 billion ($192.33 million), up from 

Tryb Group raises $30M to develop fintech platforms for Southeast Asia

Tryb Group, a Singapore-based organization focused on fintech services in Southeast Asia, has landed a $30 million investment from Makara Capital. The investment comes from Makara’s $770 millio

Rocket Internet’s Carmudi raises $10M to refocus on Asia following global retrenchment

Carmudi, a Rocket Internet-backed company that sells cars online in emerging markets, has raised $10 million to develop its business in Southeast Asia after reducing its global footprint. The company

US-China biotech startup XtalPi lands $15M from Google, Tencent and Sequoia

Google continues to increase its presence in China after it joined Sequoia China and Tencent in a $15 million investment for XtalPi, a U.S.-China biotech firm that uses artificial intelligence and co

Japanese bitcoin exchange BitFlyer comes to Europe

Japanese bitcoin and cryptocurrency exchange BitFlyer has expanded into Europe after it landed a payment license to operate across the EU. Data from Coinmarketcap.com shows that BitFlyer is the world&

Japan’s SmartHR raises $13.3M led by 500 Startups

SmartHR, a startup helping Japanese employers run HR and staffing smarter — because that’s of course its name — has raised a JPY 1.5 billion ($13.3 million) Series B round led by 500

Korea’s Kakao eyes overseas acquisitions following $1 billion raise

Korea’s Kakao, the internet giant behind the country’s top messaging app, is actively seeking overseas investment opportunities after it raised $1 billion via a placement. Kakao is valued

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

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 Sin
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