Asia

The latest innovative tech coming out of Asia

  • Indonesia’s Kejora announces first close of $80M fund for Southeast Asia

    Indonesia’s Kejora announces first close of $80M fund for Southeast Asia

    Indonesia-based early-stage investment firm Kejora has announced the first close of a second fund which is targeted at $80 million for investments in Southeast Asia. Kejora, which is known for its Ideabox accelerator program in Jakarta, has secured one-third of its target, with investment from LPs that include Indonesia’s Barito Pacific Group, Thai conglomerate Charoen Pokphand Family… Read More

  • India’s top mobile operator Airtel is buying smaller rival Telenor India

    India’s top mobile operator Airtel is buying smaller rival Telenor India

    Less than a month after Vodafone confirmed it is in talks to merge with Idea Cellular and create India’s largest mobile operator, one piece of M&A has been confirmed in that space. Bharti Airtel has gobbled up smaller player Telenor India in a deal announced today. The Airtel-Telenor deal is subject to regulatory approvals, but both sides said it should be completed within the next… Read More

  • Singtel’s digital ad division Amobee acquires Turn for $310M

    Singtel’s digital ad division Amobee acquires Turn for $310M

    Amobee just announced that it has agreed to acquire adtech company Turn for $310 million. Amobee used to be a mobile ad startup itself, before a 2012 acquisition by Singtel, where it remains a subsidiary. Since then, Singtel and Amobee have continued to make more acquisitions on the digital ad side, including Gradient X, Adconion and Kontera. Turn, meanwhile, operates both a data… Read More

  • India’s Snapdeal to lay off 500-600 as it battles Flipkart and Amazon

    India’s Snapdeal to lay off 500-600 as it battles Flipkart and Amazon

    Snapdeal, one of India’s big online marketplaces connecting sellers of a range of goods with consumers looking to buy them, is feeling the pinch of competition from Flipkart, Amazon and a host of startups that have emerged with the rise of e-commerce in the country. The startup — backed by the likes of eBay, Alibaba and Softbank and last valued at $6.5 billion — issued… Read More

  • Supr Daily is digitizing milk delivery in India

    Supr Daily is digitizing milk delivery in India

    Getting product lock-in is key in the world of startups. Your app, service or products needs a hook that brings your users back time and time again. How about a startup that hangs its hook on daily milk deliveries? Supr Daily is that startup. Its is currently taking part in the latest program at Y Combinator, from where CEO Puneet Kumar explained more about what the Mumbai-based startup… Read More

  • 500 Startups reboots its efforts in China, but there’s no dedicated fund

    500 Startups reboots its efforts in China, but there’s no dedicated fund

    500 Startups is rebooting its efforts in Greater China after it hired a new head of business for the region, which covers mainland China, Hong Kong and Taiwan. Edith Yeung, a former executive with browser firm Dolphin Mobile, is taking up the reins. The VC firm had been without a recognized setup in China for some time after former lead Rui Ma relocated to the 500’s U.S. operations… Read More

  • Microsoft launches Skype Lite Android app for India and other emerging markets

    Microsoft launches Skype Lite Android app for India and other emerging markets

    Microsoft has retooled Skype, the messaging service synonymous with business users, for people living in emerging markets. Today, at its Future Decoded event in India, Microsoft took the wraps off Skype Lite. The service is an Android app that mains the core video and voice calling functionalities, but is optimized for those on limited internet connections such as 2G data. It… Read More

  • Baidu’s iQiyi video service raises $1.53 billion

    Baidu’s iQiyi video service raises $1.53 billion

    Baidu is charging up its video content push after iQiyi, its YouTube-style service in China, raised $1.53 billion from the sale of convertible notes to investors. The deal appears to end speculation that the firm was mulling an IPO. iQiyi, which had an offer to go independent fall through last year, raised the capital from a number of top-name investors including Hillhouse Capital… Read More

  • Apple quietly bought iCloud.net domain, shuts down eponymous social network

    Apple quietly bought iCloud.net domain, shuts down eponymous social network

    It looks like Apple has finally picked up one of the last remaining pieces of internet property linked to one of its key service brands: the iPhone and Mac giant has quietly taken over ownership of iCloud.net, TechCrunch has learned. Subsequent to that, the small-time Asian social network that existed at the site has informed its users that it will be shutting down by the end of this… Read More

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