Asia

Tencent’s profit surges 69% thanks to its thriving games business

Tencent, Asia’s highest-valued technology company, has smashed analyst forecasts for its Q3 2017 after it posted a profit of 18 billion RMB ($2.7 billion) on revenue of 65.2 billion RMB ($9.8 b

Qualcomm announces investment in Mobike and eight other Chinese startups

Qualcomm is continuing its charm offensive in China, a critical market where it has suffered hard blows in recent years including a $1 billion anti-trust fine, after it announced a flurry of new inves

Get your tickets for the TechCrunch Meetup in Singapore on November 23!

Last week we announced our upcoming Meetup in Singapore on November 23, and now here comes the all-important ticket information. Head to this link HERE and fill out your details to apply for one. Admi

AWS isn’t exiting China, but Amazon did sell physical assets to comply with Chinese law

Amazon has denied reports that it is withdrawing its AWS business from China, but the firm did admit that it has been forced to sell some physical assets to its local partner. The U.S. firm appeared t

Gaming firm Razer up 18% following Hong Kong IPO

Razer has continued a winning streak of IPOs from Asian companies after its share price surged as much as 41 percent up on its first day of trading on the Hong Kong Stock Exchange. The company, which

Uber’s new Asia chief wants to work with governments and taxi firms not against them

New CEO Dara Khosrowshahi has been vocal in pledging to reform Uber’s toxic culture to take the business to the next level — and ultimately an IPO — but, over in Asia, another rec

China’s second largest e-commerce firm just showed Alibaba has competition

Alibaba invented China’s biggest shopping day — 11/11 aka Single’s Day — and it dominates the headlines with record sales year-on-year, but another company just stepped out to

Alibaba smashes its Single’s Day record once again as sales cross $25 billion

Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date. The full number comes in at 163.8 billion RM

Ambitious new media firm ByteDance is no longer a secret outside of China

ByteDance is a name that is about to become very familiar to everyone in international tech circles. Really it should already be. It is valued at $20 billion and its flagship Toutiao news reader app i

Razer to raise upwards of $504 million in Hong Kong IPO

PC gaming company Razer is set to raise upwards of US$504 million (HK$3.9 billion) when it lists on the Hong Kong Stock Exchange on Monday. The company, which develops gaming-focused accessories for

China’s Toutiao is buying Musical.ly in a deal worth $800M-$1B

Musical.ly, the lip-syncing app popular with teens and young people, has been sold to Chinese social media giant Toutiao, according to an announcement made today. The deal is undisclosed but sources t

Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suisse

WeLab, an financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series

Tencent could play a role redesigning Snapchat following $2B investment

Tencent, the Chinese internet giant valued at $470 billion, may have a hand in rebooting the Snapchat app to make it more competitive with Instagram and Facebook. Off the back of some very poor financ

China Literature makes stellar public debut following $1B Hong Kong IPO

China Literature, the e-publishing business backed by Tencent, enjoyed an impressive debut as public company with its share price rising as high double during its first day on the Hong Kong Stock Exc

India’s Uber rival Ola to license connected car platform to vehicle makers worldwide

Ride-sharing companies the world over are branching out to go beyond just handling your car trips. In recent weeks we’ve seen Uber, the pioneer of the genre, announced its own Visa card while 

Amazon launches its Echo devices and Alexa in Japan

Amazon has continued its hardware push into Asia after it launched the Echo, Echo Plus, and Echo Dot in Japan today. Alongside the hardware, it is also making its Alexa voice assistant available in th

MyMusicTaste, which allows fans to request live events, gets $11M Series C

MyMusicTaste, a Seoul-headquartered service that lets fans campaign to bring their favorite artists to their city, plans to double the concerts it organizes next year after raising an $11 million Seri

Tencent’s online publishing arm set to raise $1B in Hong Kong IPO

Tencent’s China Literature, an Amazon-like e-book business, is continuing the trend of Asian tech IPOs after it announced its public listing in Hong Kong will raise $1.06 billion on Wednesday. T

Amazon launches Alexa-less Fire TV Stick for international users of its Prime video service

We’re approaching one year since Amazon expanded its Prime video service to over 200 countries internationally, and today the company is doubling down on that global audience with the introducti

ShopBack raises $25M for its cash back shopping service in Southeast Asia

One of Southeast Asia’s lesser-known startups has come out from under the radar today after ShopBack, a cash back-focused e-commerce service, announced it has raised $25 million. Founded in 2014
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