Asia

Trump readying ‘all of the above’ fusillade on Chinese tech

President Trump’s decision to block a mega-merger deal between Broadcom and Qualcomm appears to be just the opening gambit for a significantly bolder strike on Chinese technology and investment firm

UN says Facebook is accelerating ethnic violence in Myanmar

The United Nations has warned that Facebook’s platform is contributing to the spread of hate speech and ethnic violence in crisis-hit Myanmar. It’s yet another black mark against social me

Grab, Uber’s Southeast Asia rival, now offers micro-loans and other financial services

Ride-hailing service Grab is being heavily linked with a deal to buy out Uber’s business in Southeast Asia, but those rumors aren’t stopping it from building its fintech platform after ann

India’s Ola takes its Uber rivalry to Australia with launch in Sydney

Ola, Uber’s key rival in India, has taken its first step overseas after its service officially went live in Australia via a launch in Sydney. The company announced its plans to go Down Under at

Grab launches a bike-sharing service in Southeast Asia

After much speculation, Southeast Asian Uber rival Grab has jumped into the bike-sharing space after it launched a service in Singapore. GrabCycle Beta will offer services from a range of services, in

India’s Prime Venture Partners closes new $60M fund for seed investments

India’s Prime Venture Partners has refueled its tanks for more angel investing after it announced a new fund of INR 400 crore, or around $60 million. Started by three managing partners —

Carsome raises $19M for its used-car sales platform in Southeast Asia

Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month. Carsome, a Malaysia-based company th

MIT aims to spark innovation in Southeast Asia with its Global Startup Workshop

MIT, Massachusetts Institute of Technology, one of the world’s most hallowed educational institutions is turning its attention to Southeast Asia where it hopes to plant the seed of innovation a

Google is bringing messaging to its Tez payment app in India

Messaging and payments continue to converge in India after Google added chat features to its Tez payment app in India. The move follows the introduction of peer-to-peer payments inside WhatsApp in Ind

Korean internet giant Kakao is launching a blockchain company

Kakao, the Korean internet firm that operates the country’s largest messaging app, is moving deeper into crypto after it revealed plans to launch a blockchain-focused business unit. A Kakao repr

Xiaomi phones could finally go on sale in the US before the end of this year

Chinese smartphone giant Xiaomi could make its debut in the U.S. as soon as this year, according to its CEO. Lei Jun, the serial entrepreneur who leads the phone maker, told the Wall Street Journal th

Zen Rooms, Rocket Internet’s budget hotel network in Asia, faces fire sale or closure

Zen Rooms, a budget hotel network funded by Rocket Internet among others, is facing shutdown if investors are unable to sell the loss-making business. The two-year-old company offers a network of aff

Alibaba rival JD.com posts first annual profit as a public company

When you hear ‘e-commerce in China’ you’ll probably ‘Alibaba,’ but another company is making progress to challenge the assumption that $450-billion company is China&#8217

Tencent Music, Spotify’s strategic partner in China, is valued at over $12B

Spotify has finally filed to go public, and in doing so the Swedish company has shed light on another huge music company that has been tipped for IPO — Tencent Music — which is now valued

Sea President Nick Nash is leaving to start his own Asia-focused investment fund

Nick Nash is leaving his role as group president of Sea, the Singapore-based games and e-commerce company that went public in the U.S. last year, to start his own startup fund. Sea announced that Nash

Baidu’s video business iQiyi to raise up to $1.5B in US IPO

Baidu’s iQiyi video division is set to become the latest Chinese tech company to go public in the U.S. after it filed to raise up to $1.5 billion via an IPO on the Nasdaq. The service was starte

eBay boosts its Japanese business with an acquisition

eBay is ramping up its presence in Japan via its latest investment in Asia. The U.S. online retail giant announced today that it has acquired the Japan-based business of pan-Asia e-commerce company Gi

Amazon launches its Prime Music service in India

Amazon has quietly launched its Prime Music service in India today. The retailer brought its Prime service to India some 18 months ago, but at the time it was lacking the free music and video streamin

India-based music streaming service Gaana raises $115M led by Tencent

Chinese internet giant Tencent is continuing to put its money in India and in music streaming services after it agreed to lead a $115 million investment in India’s Gaana. Gaana is a music stream

Alibaba moves to gobble up China-based food delivery startup Ele.me in full

Alibaba’s 2018 investment spree looks set to continue after it made a push to buy Ele.me, the food delivery startup from China that it has invested in, in full. Bloomberg reported yesterday that
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