Asia

The latest innovative tech coming out of Asia

  • Alibaba plays politics with new cross-border e-commerce initiative in Malaysia

    Alibaba plays politics with new cross-border e-commerce initiative in Malaysia

    Alibaba is planting another flagpost in Southeast Asia. Unlike its $1 billion acquisition of Lazada last year, the Chinese giant is making political moves after it announced a joint partnership with Malaysia’s government to facilitate international e-commerce in the country. Often overshadowed by India and China, Southeast Asia’s digital economy is tipped for major growth over… Read More

  • Tencent posts $21.9 billion in annual revenue, its highest growth since 2012

    Tencent posts $21.9 billion in annual revenue, its highest growth since 2012

    Tencent may be more than a decade old but the Chinese internet giant continues to grow at pace after it posted its most significant jump in annual revenue for four years. The firm, best known for China’s dominant messaging app WeChat, announced total revenue of RMB 151.9 billion ($21.9 billion) for its fiscal 2016. That’s up 48 percent year, its biggest leap since 2012, when… Read More

  • Apple’s drops AIDS charity branding for its red iPhone in China

    Apple’s drops AIDS charity branding for its red iPhone in China

    iPhone enthusiasts the world over were given a new slab of glass to lust over yesterday after Apple unveiled a red version of the iPhone 7 in its latest move to support HIV/AIDS charity [Red]. The (PRODUCT)RED Special Edition iPhone 7 is the first time that Apple has supported the charity through its flagship phone,  — previous (PRODUCT)RED editions have included Beats headphones and… Read More

  • Baidu’s chief scientist, who led its AI research, is leaving the company

    Baidu’s chief scientist, who led its AI research, is leaving the company

    Chinese internet giant Baidu is losing the head of its data and artificial intelligence (AI) research division. Andrew Ng, the company’s chief scientist, announced his departure today three years after he joined Baidu to oversee its foray into deep learning technology. Ng is recognized as one of the world’s foremost authorities on AI, and he helped start Google’s… Read More

  • Airbnb is doubling down on China

    Airbnb is doubling down on China

    Uber may have become the latest in a long line of Western tech firms to have failed in China, but fellow gig economy darling Airbnb is determined to succeed in the Middle Kingdom. Today, the company announced a new brand for its China-based business and the local launch of Trips, its travel services feature. Beyond those launches, the firm pledged to increase its local presence via plans to… Read More

  • Mode Media Japan lives on, with founder Samir Arora as chairman

    Mode Media Japan lives on, with founder Samir Arora as chairman

    Mode Media is coming back from the dead — at least in Asia. The company operated properties like Glam, Tend and Brash, as well as a broader digital advertising business, but it shut down abruptly last fall. Now Mode Media Japan is announcing that it’s put a leadership team in place, including Executive Chairman Samir Arora, CEO Yusuke Akiba and CFO Minako Matsushita. Read More

  • BlackBuck closes $70M to digitize freight and logistics across India

    BlackBuck closes $70M to digitize freight and logistics across India

    BlackBuck, a startup that is digitizing logistics and cross-country freighting in India, has closed out a $70 million Series C round. Read More

  • Uber and Grab are bringing Southeast Asia’s taxi on-demand war to Myanmar

    Uber and Grab are bringing Southeast Asia’s taxi on-demand war to Myanmar

    Southeast Asia’s ridesharing war is spreading to a new frontier after rivals Grab and Uber revealed plans to expand into Myanmar. Singapore-based Grab announced its launch in the country today, its first new market expansion in nearly three years. Digital ink barely dry on Grab’s announcement, Uber revealed that it too is moving into Myanmar’s capital city Yangon. Read More

  • Games firm Netmarble to raise $2.35B in Korea’s largest IPO since 2010

    Games firm Netmarble to raise $2.35B in Korea’s largest IPO since 2010

    Netmarble, one of the world’s top mobile and PC gaming firms, has filed to raise as much as $2.35 billion (2.66 trillion won) through an IPO in its native Korea. The firm said in a filing [in Korean] that it will issue 16,953,612 new shares priced between 121,000-157,000 KRW each (that’s approximately $108-$140) with a view to raising up to 2.66 trillion won ($2.35 billion). Read More