Asia

Sony reboots Aibo with AI and extra kawaii

The rumors had it right: Sony is rebooting its robot dog, Aibo, announcing a new four-legged companion AI-powered bot incoming with the same brand name but more rounded corners and visible facial fea

Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too. That’s because the ride-sharing firm, which recently raised $

China’s JD.com leads $19M investment in Southeast Asian online fashion brand Pomelo

This year has seen unprecedented interest in Southeast Asia’s startups from Chinese tech firms, and today we can add another deal to the pile. JD.com, the close rival to Alibaba, has led a $19 m

Gaming accessories firm Razer to raise up to $550M in Hong Kong IPO

Razer, the U.S.-Singapore firm that produces PCs and peripherals for gamers, is set to raise as much as $550 million from its Hong Kong IPO after it revealed its price range. The company first filed t

Samsung posts another record profit thanks to its chips business

Samsung posted another record quarter, and it again has its components business to thank for more stellar results. The Korea tech giant shrugged off scandals, which include a jail sentence for its de

Nintendo says Switch will beat Wii U total sales within its first year

The Switch is beginning to pay off for Nintendo . The new console is selling so well that the Japanese firm said today it is likely to outsell the Wii U, its predecessor, within one year of its releas

iPhone 8 launch propels Apple to growth in China after 18 months of sales dips

Apple is finally back to growth in China. The company has broken a run of sales decreases that stretches back six quarters thanks to promising early signs for the newly released iPhone 8, according t

India overtakes the US to become the world’s second largest smartphone market

Move over America, India is now the world’s second largest smartphone market. That’s according to a new report from Canalys which claims smartphone shipments in India crossed the 40 millio

Southeast Asian e-commerce startup Carousell closes $70-$80M Series C round

Singapore-based startup Carousell is in the money this week after it closed a Series C round of between $70-$80 million, two sources with knowledge of the deal told TechCrunch. Started by three gradua

The deal that never was: OYO says it didn’t acquire rival ZO Rooms after all

There’s closure around one of the most curious tech deals out of India in recent times, but it isn’t the conclusion most will expect. OYO Rooms, the budget hotel network that raised $250 m

LG’s mobile business can’t stop losing money

Korea electronics giant LG continues to show the world that making a profit, or even breaking even, from selling smartphones is no easy thing. LG Mobile has posted just one quarter of profitability ov

Snapcart raises $10M to shed light on consumer spending in emerging markets

Taking on a giant like the $15 billion research firm Nielsen is no easy task. But tucked away in Southeast Asia, Snapcart is a two-year old company that is making progress by shining light on the bla

Uber rival Grab finally fills its CTO-sized hole with former Googler

Grab, Uber’s chief rival in Southeast Asia, finally has a new CTO more than two years after its previous one departed. Today the company introduced Theo Vassilakis, a former Googler who also sp

Asian travel platform Klook raises $60M with backing from Goldman Sachs

Sometimes, for growth stage startups raising money, when it rains it pours. That’s the case for Klook, a Hong Kong-based travel startup that specializes in helping travelers book trip activitie

Chinese social media giant Weibo is raising $700M to fund acquisitions

Weibo, the Twitter-like Chinese social network that is profitable unlike Twitter, is raising $700 million as it looks for acquisitions to continue the rocket ship growth its business has seen in 2017.

Tesla reportedly made deal to open a manufacturing facility in Shanghai

Tesla has reportedly made a deal with the government in Shanghai to open up a manufacturing facility in the city’s trade-free zone, the Wall Street Journal reports. Foreign car-makers traditiona

Southeast Asia gaming and e-commerce firm Sea ends first day on NYSE up 8%

Sea, the gaming and e-commerce company holding the first major U.S. IPO from a Southeast Asian tech firm, had a bumpy start to life on the NYSE after closing the day up around eight percent on its lis

Grab raises $700M in debt to add more drivers to its ride-hailing service in Southeast Asia

Grab is in the process of raising $2.5 billion for it ride hailing service in Southeast Asia, but that hasn’t stopped the Uber rival from tapping banks for $700 million in debt facilities to dev

Southeast Asia’s Sea, formerly Garena, to raise upwards of $884M in US IPO

Sea, the Singapore-based digital entertainment firm formerly known as Garena, is set to raise upwards of $884 million when it lists on the New York Stock Exchange Friday under ‘SE’. The co

When $100BN is not enough… Softbank is planning Vision Fund sequels

Softbank looks to be preparing follow on raises to its first ~$100BN Vision Fund. Speaking to Nikkei today CEO Masayoshi Son said: "The Vision Fund was just the first step, 10 trillion yen is simpl
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