Asia

Chinese authorities dish out $5M in fines for developers of PUBG hack software

There has long been speculation and evidence of cheating software for PlayerUnknown’s Battlegrounds (PUBG), but action is being taken to stamp it out. The makers of the smash-hit game have con

Chinese government admits collection of deleted WeChat messages

Chinese authorities revealed over the weekend that they have the capability of retrieving deleted messages from the almost universally used WeChat app. The admission doesn't come as a surprise to many

Walmart retreats from its UK Asda business to hone its focus on competing with Amazon

Walmart’s strategy to get itself fighting fit against Amazon saw one more development today. This morning, UK supermarket chain Sainsbury’s announced a deal with Walmart to buy a majority

Baidu brings group of PE firms into its financial services business via $1.9B investment

Baidu has turned to the financial industry to bolster its consumer finance business. The Chinese search giant confirmed that it has sold a majority share in its Financial Services Group (FSG) busin

EcoFlow raises $4M from unconventional investors to grow its mobile power business

EcoFlow, a U.S.-Chinese hardware firm developed by former DJI engineers that sells portable power stations, has pulled in a Series A round of over $4 million ahead of the imminent launch of new produ

Bangladesh’s version of Go-Jek raises over $10M in a round led by Go-Jek

$4.5 billion-valued ride-sharing startup Go-Jek may be busy in Southeast Asia, where it is aiming to step into the gap following Uber’s exit, but that isn’t stopping it from looking at opp

Report: Chinese smartphone shipments drop 21% to reach lowest level since 2013

Analysts have long-warned of a growth crunch in China’s smartphone space, and it’s looking like that’s very much the case right now. China’s smartphone growth has been the feel

Nintendo’s annual profit rockets by 500% after selling 15M Switch consoles

Nintendo has announced impressive financial results thanks to strong sales its Switch console, and a new CEO. Operating profit rose by a huge 505 percent to reach 178 billion yen ($1.6 billion) over

Asia-based recruitment app GetLinks nabs investment led by Alibaba’s Hong Kong fund

GetLinks, a Thailand-based startup that offers a job finder app in six countries Southeast Asia and neighboring regions, has closed new funding led by Australia’s Seek group and Alibaba’s

Y Combinator is going after Chinese startups with its first official event in China

High-profile U.S. startup accelerator Y Combinator is making a push to bring more China-based startups into its program after it announced its first official event in the country. YC has made a push t

Early Go-Jek investor NSI Ventures goes independent and rebrands to Openspace

NSI Ventures, the Singapore-based VC firm affiliated with PE firm Northstar Group that invested early in ride-sharing unicorn Go-Jek, is going independent after it announced it has rebranded to Opens

India’s Jugnoo adopts a unique take on ride-hailing to help fill Singapore’s Uber void

Another contender is throwing its hat into the ring to replace Uber in Southeast Asia after India’s Jugnoo, a startup that specializes in offering autorickshaws on demand in India, revealed it p

Xiaomi promises to give money back to customers if its profits get too high

Xiaomi, the Chinese smartphone maker tipped for a public listing this year, has made a unique pledge: if it makes too much money, it’ll give a chunk of its profits back to its customers. Yes, th

Former Google China head targets AI opportunities with new $900M Sinovation fund

Sinovation Ventures, one of China’s prominent funds which is helmed by former Google China head Kaifu Lee, has announced a new investment fund that’s targeted at a total raise of $900 mill

Grab’s acquisition of Uber Southeast Asia drives into problems

The long-rumored Grab acquisition of Uber’s Southeast Asia business may be official now, but it’s far from complete. In fact, what should be a celebratory coming-of-age moment for the Sout

Despite IPO surge, Hong Kong investors aren’t tech savvy, warns Razer CEO

Xiaomi and Ant Financial are two of a cluster of major tech names being linked with IPOs in Hong Kong. But, despite a burst of upcoming tech listings and new measures that are tipped to encourage more

Alibaba is bringing its smart assistant to cars from Daimler, Audi and Volvo

Alibaba is jumping behind the wheel after it announced that Daimler, Audi and Volvo will bring its voice assistant to their vehicles. The assistant — Tmall Genie — is scheduled to go in

WeWork is planning a major expansion in Southeast Asia

China takes the limelight as the main focus for WeWork in Asia, but the company is pushing ahead with plans to grow its presence in Southeast Asia. After launching in Singapore in January, WeWork is

Go-Jek is in talks with former Uber ally ComfortDelGro, Singapore’s top taxi firm

ComfortDelGro, Singapore’s largest taxi operator, has held talks with Go-Jek about a potential partnership that could replace its annulled agreement with Uber. Uber struck a major deal when it t

Huge numbers of job postings in China specify ‘men only’ or dictate women’s appearance

Gender discrimination may be a hot-button issue here in the U.S., but we don’t have a monopoly on the practice by a long shot. A new report from Human Rights Watch highlights widespread and blat
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