Asia

The latest innovative tech coming out of Asia

  • Google’s newest app stops you burning through your data package

    Google’s newest app stops you burning through your data package

    Google’s newest app for emerging markets is a service that helps control data usage on a smartphone and get more for your top-up credit. Datally, which is available for Android devices worldwide from today, applies granular control to enable a user to monitor use of data on their phone and cut data usage on any app as they please. The app design is simple and it appears to be effective. Read More

  • Uber inks its first mobile wallet deal in Southeast Asia

    Uber inks its first mobile wallet deal in Southeast Asia

    Seeking to rise to increased competition, Uber has inked its first payments deal in Southeast Asia after it announced a partnership with Vietnam-based mobile wallet service Momo. Momo, which raised $28 million led by Standard Chartered last year, will become a payment option inside the Uber app in Vietnam, alongside cash and credit cards. The app is the country’s top mobile payment… Read More

  • AppLovin scraps acquisition and takes debt financing instead

    AppLovin scraps acquisition and takes debt financing instead

    The story of AppLovin‘s acquisition has taken another turn. We first reported that the mobile ad startup was in acquisition talks in August of last year, and the announcement came a month later: AppLovin would sell a majority stake Chinese private equity firm Orient Hontai Capital. Today, however, CEO Adam Foroughi revealed that the deal is (sort of) off. Instead of an outright… Read More

  • Baidu and electric vehicle startup NIO lead $195M investment in Chinese limo booking app

    Baidu and electric vehicle startup NIO lead $195M investment in Chinese limo booking app

    Chinese internet giant Baidu is continuing its push into the automotive space after it led a RMB 1.3 billion ($195 million) Series B investment in Shouqi Limousine & Chauffeur, an offshoot of the state-owned Shouqi Group which was Beijing’s first licensed ride-hailing app. NIO Capital, the investment arm of billion-dollar electric car startup NIO, and Silk Road Huachuang joined… Read More

  • Japanese pawn shop app Cash acquired for $62.2M by DMM

    Japanese pawn shop app Cash acquired for $62.2M by DMM

    DMM, one of Japan’s largest Internet and e-commerce conglomerates, announced today that it will pay 7 billion yen (about $62.2 million) for pawn shop app Cash. Launched this summer, Cash’s software automatically appraises an item’s value based on user photos and offers a cash advance using it as collateral. Read More

  • Tencent becomes the first Chinese tech firm valued over $500B

    Tencent becomes the first Chinese tech firm valued over $500B

    Tencent has become the first Chinese company to be valued at more than $500 billion. Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK$418.80 to give it a market cap of HK$3.99 trillion which takes past the $500 billion mark. Close rival Alibaba is Asia’s second-highest-valued firm at $474 billion. Entry to the… Read More

  • Tech In Asia raises $6.6M led by Korean conglomerate Hanwha

    Tech In Asia raises $6.6M led by Korean conglomerate Hanwha

    Tech In Asia, the Singapore-based media and events startup, has closed $6.6 million in fresh funding. The lead investor is a name that may not be too familiar to regular readers (yet) and that’s Hanwha Investment and Securities. The fund is an affiliate of Hanwha, a Korean conglomerate which started out in explosives in 1952 but has since expanded into a range of verticals including (now)… Read More

  • Last chance to get your tickets for TechCrunch China in Shanghai November 27-28

    Last chance to get your tickets for TechCrunch China in Shanghai November 27-28

    TechCrunch is excited to be returning to China this month! Fresh from the success of our first event in Shenzhen in June, we’ll be back in more familiar surroundings for the TechCrunch China event in Shanghai from November 27-28. The theme of the event is ‘The New Beginning,’ and we’ll be looking at a host of topics from electric vehicles and live-streaming… Read More

  • Southeast Asia’s aCommerce lands $65M led by KKR-backed Emerald Media

    Southeast Asia’s aCommerce lands $65M led by KKR-backed Emerald Media

    Southeast Asia-based aCommerce, a startup that helps brands get into e-commerce and digital media in the fast-growing region, has pulled in $65 million in new funding led by Emerald Media, an Asian firm backed by global investor KKR. The Series B deal takes Bangkok-based aCommerce to $94 million raised to date. Existing backers Blue Sky, MDI Ventures and Switzerland-based DKSH also took… Read More

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