Asia

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

Google inks patent deal with Tencent

Google has yet more news from China after the U.S. search firm announced a patent cross-licensing agreement with Chinese tech giant Tencent . The terms were not disclosed, but Google said the tie-in w

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 lead

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 Ube

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

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 f

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 undiscl
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