Asia

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

Kaodim raises $7M for its home services platform in Southeast Asia

There’s more funding for Southeast Asia’s growing local services space after Kaodim, a Malaysia-based startup that operates in four countries in the region, raised $7 million. Founded thre

Uber rival Grab crosses 1 billion rides in Southeast Asia

Grab, Uber’s fierce rival in Southeast Asia, announced today that its service has crossed one billion completed rides. The firm hit the milestone on October 26 when 66 concurrent trips from acro

Apple’s revenues in China are growing again

Apple’s blockbuster Q4 pushed the company’s valuation to $900 billion, but it also saw the firm return to growth in key market China following a challenging past couple of years. Analysts

Paytm brings messaging features to India’s top digital wallet app

Paytm, India’s top digital wallet and payment service, has introduced a chat feature to amp up its appeal among an increasingly competitive market. The new ‘Inbox’ feature, which was

Open source database startup MariaDB confirms $27M investment led by Alibaba

Open source database startup MariaDB has announced a new $27 million round of funding led by Alibaba, confirming the news that TechCrunch reported in September. As we wrote then, Alibaba contributed t

Elon Musk says Tesla’s China factory could begin production in roughly three years

Tesla last week officially confirmed its plans to set up a manufacturing facility in China, and now we know a bit more about what it's planning to do in terms of production. At the time, Tesla wouldn'
Load More