Asia

Mercari, Japan’s first unicorn, files for $1.1B Tokyo IPO

Mercari, the eBay-like service that is Japanese first tech startup unicorn, has filed to go public in an IPO that could raise as much as $1.1 billion. The company is scheduled to list on the Toyko Sto

Facebook adds option to report conversations in Messenger following widespread criticism

In reaction to criticism around the use of Messenger in some countries worldwide, particularly Myanmar, Facebook has introduced new tools that it allow users of the app to report conversations that vi

NES Classic loaded with classic manga games raises hopes for other special editions

Japanese gamers and manga aficionados and every combination thereof will get a treat this summer with the release of this NES Classic Edition loaded with games from the pages of Weekly Jump. The manga

Lenovo teases a slick, all-screen smartphone that doesn’t have a notch

Lenovo has teased a new arrival that might top Apple’s iPhone X in a bid to deliver a true all-screen smartphone. Apple’s iPhone X goes very close but for a tiny bezel and its distinctive

Southeast Asia’s Carro raises $60M for its automotive marketplace and car financing service

Carro, an automotive marketplace and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia. The deal was co-led by SoftBank Ventures

Southeast Asia-based mobile listings startup Carousell raises $85M

Carousell, the Singapore-based mobile listing service that operates across Southeast Asia, has pulled in an $85 million Series C fund as it seeks to strengthen its business among the region’s co

President Trump says he’s working to give ZTE a reprieve

In a remarkable development, President Trump has thrown an olive branch to controversial Chinese telecom firm ZTE . The company, which sells telcom network equipment and consumer devices including sm

China’s Didi Chuxing suspends carpooling service following murder of a passenger

Didi Chuxing, China’s largest ride-hailing service, has suspended its Hitch, one of its carpooling services, for one week as it investigates the murder of a passenger. The victim was a 21-year-o

Xiaomi is bringing its smart home devices to the US — but still no phones yet

Xiaomi, the Chinese smartphone maker that’s looking to raise as much as $10 billion in a Hong Kong IPO, is continuing to grow its presence in the American market after it announced plans to brin

Background screening service HelloVerify eyes growth amid India’s digital boom

As India’s internet access continues to surge among the billion-plus population, data is becoming the new oil. Whether online commerce, ride-hailing, mobile payments and banking, or more, someon

Walmart says Flipkart is ‘a key center of learning’ for its entire global business

Walmart has opened up on the thinking behind its $16 billion majority investment in Flipkart, and perhaps the most interesting facet is that the retailer plans to export ideas from the Indian e-comm

eBay plans to relaunch eBay India after it makes $1.1B selling its Flipkart stake to Walmart

Last year, eBay appeared to throw in the towel in India after it sold its business in the country to Flipkart and took a minority stake in the country’s e-commerce leader. Now, eBay is making a

After buying Flipkart, Walmart seeks allies to join its fight against Amazon in India

The rumors are true: Walmart has bought a controlling stake in India’s Flipkart. This isn’t a straight-up acquisition, however, because, rather than going it alone, the U.S. retailer is e

South African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale

Naspers, the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment. Famous for owning a huge chunk of the Chinese Internet powerho

Walmart confirms $16B Flipkart investment, giving it 77% in India’s e-commerce leader

Walmart, the world’s largest retailer, has finally confirmed that it is making a $16 billion investment into Flipkart for a 77 percent share of the online retailer. Tencent, Tiger Global, Micros

Whoops: SoftBank CEO reveals Walmart has acquired Flipkart

Here’s one way to make sure Amazon doesn’t get control of Flipkart in India by outbidding you for a majority stake: buy it outright. Today during SoftBank’s earnings presentation, it

Job hunting service Glassdoor sold to Japan’s Recruit for $1.2 billion

U.S. job hunting service Glassdoor, which is best known for providing insight into company working cultures, has been acquired for $1.2 billion in cash by Recruit, a $39 billion Japanese corporate tha

The River Bank is portable power for all your devices and it can even go on a plane

EcoFlow burst onto the scene last year with a $1 million crowdfunding campaign for its portable and, fresh from announcing $4 million in new investment, the U.S.-China company is back with its second

Alibaba buys Rocket Internet’s Daraz to expand its e-commerce empire into South Asia

Alibaba has expanded its e-commerce empire into South Asia after the Chinese internet giant acquired Daraz in an undisclosed deal. Daraz was founded in 2012 by Rocket Internet and today it operates in

Southeast Asia’s ShopBack moves into personal finance with its first acquisition

Singapore-based e-commerce startup ShopBack came on the radar when it raised $25 million last November, and now the company is making its first acquisition. ShopBack said today it has picked up Seed
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