Asia

The latest innovative tech coming out of Asia

  • Singapore’s Carro lands $12M to expand its auto listings business to vehicle financing

    Singapore’s Carro lands $12M to expand its auto listings business to vehicle financing

    Singapore-based auto classifieds Carro has a double whammy of news today — it has moved into the vehicle financing space and raised $12 million more from investors. Carro was founded in late 2015 and it went on to close $5.3 million in seed financing last summer. CEO Aaron Tan, a former investor with Singtel himself, said the lead investor’s identity is not being disclosed for… Read More

  • The News Lens raises Series B to challenge Asia’s traditional media companies

    The News Lens raises Series B to challenge Asia’s traditional media companies

    The News Lens, an online journalism startup that aims to be the voice of reason in Asia’s raucous media landscape, will focus on creating more original video content after landing a Series B round. The startup hasn’t disclosed the exact amount, but says it is in the range of $2 million to $3 million. Read More

  • Amazon delays its entry into Southeast Asia

    Amazon delays its entry into Southeast Asia

    Amazon has postponed its much-anticipated entry into Southeast Asia. The company initially planned to launch local e-commerce services in Singapore during the first quarter of this year, as we reported in November, but two sources with knowledge of the plans told TechCrunch that the schedule has slipped to “later this year.” Read More

  • Alibaba plays politics with new cross-border e-commerce initiative in Malaysia

    Alibaba plays politics with new cross-border e-commerce initiative in Malaysia

    Alibaba is planting another flagpost in Southeast Asia. Unlike its $1 billion acquisition of Lazada last year, the Chinese giant is making political moves after it announced a joint partnership with Malaysia’s government to facilitate international e-commerce in the country. Often overshadowed by India and China, Southeast Asia’s digital economy is tipped for major growth over… Read More

  • Tencent posts $21.9 billion in annual revenue, its highest growth since 2012

    Tencent posts $21.9 billion in annual revenue, its highest growth since 2012

    Tencent may be more than a decade old but the Chinese internet giant continues to grow at pace after it posted its most significant jump in annual revenue for four years. The firm, best known for China’s dominant messaging app WeChat, announced total revenue of RMB 151.9 billion ($21.9 billion) for its fiscal 2016. That’s up 48 percent year, its biggest leap since 2012, when… Read More

  • Apple’s drops AIDS charity branding for its red iPhone in China

    Apple’s drops AIDS charity branding for its red iPhone in China

    iPhone enthusiasts the world over were given a new slab of glass to lust over yesterday after Apple unveiled a red version of the iPhone 7 in its latest move to support HIV/AIDS charity [Red]. The (PRODUCT)RED Special Edition iPhone 7 is the first time that Apple has supported the charity through its flagship phone,  — previous (PRODUCT)RED editions have included Beats headphones and… Read More

  • Baidu’s chief scientist, who led its AI research, is leaving the company

    Baidu’s chief scientist, who led its AI research, is leaving the company

    Chinese internet giant Baidu is losing the head of its data and artificial intelligence (AI) research division. Andrew Ng, the company’s chief scientist, announced his departure today three years after he joined Baidu to oversee its foray into deep learning technology. Ng is recognized as one of the world’s foremost authorities on AI, and he helped start Google’s… Read More

  • Airbnb is doubling down on China

    Airbnb is doubling down on China

    Uber may have become the latest in a long line of Western tech firms to have failed in China, but fellow gig economy darling Airbnb is determined to succeed in the Middle Kingdom. Today, the company announced a new brand for its China-based business and the local launch of Trips, its travel services feature. Beyond those launches, the firm pledged to increase its local presence via plans to… Read More

  • Mode Media Japan lives on, with founder Samir Arora as chairman

    Mode Media Japan lives on, with founder Samir Arora as chairman

    Mode Media is coming back from the dead — at least in Asia. The company operated properties like Glam, Tend and Brash, as well as a broader digital advertising business, but it shut down abruptly last fall. Now Mode Media Japan is announcing that it’s put a leadership team in place, including Executive Chairman Samir Arora, CEO Yusuke Akiba and CFO Minako Matsushita. Read More

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