Asia

JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others

JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics

Vynn Capital plans maiden $40M startup fund for Southeast Asia

Southeast Asia has a new venture capital fund on the scene after Victor Chua, formerly a vice president at Gobi Ventures, launched Vynn Capital. The Kuala Lumpur-headquartered venture is founded by

Foxconn is working with RED to make cheaper and smaller 8K cameras

Foxconn, AKA Hon Hai Precision Industry, AKA the company that made your iPhone, is working with digital cinema pioneer RED to create affordable 8K cameras, the company announced. Chairman Terry Gou to

New project outfits Indonesia’s street vendors with free Wi-Fi and smart tech

Investors in Indonesia have started a new project aimed at digitizing the kiosk shops that adorn the streets of capital city Jakarta. Warung Pintar — ‘smart kiosk store’ — hel

Alibaba invests another $1.3 billion into its offline retail strategy

Alibaba has furthered its physical retail footprint after it invested another billion dollars into projects to develop its so-called “new retail” strategy which combines online and offline

What to expect from Samsung’s next Galaxy flagships

It's that time of year again. Samsung is getting ready to unpack some shiny new high end smartphones at the world's biggest mobile confab. And Android fans are getting ready to cheer...

Google fined $21.1M for search bias in India

Another antitrust fine for Google. India's competition commission has issued a 1.36BN rupees (~$21.1M) penalty on the search giant for abusing its dominant position in the local search market for onli

Facebook co-founder Eduardo Saverin’s B Capital Group closes first fund at $360M

B Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, has closed out its first fund at $360 million.

Toyota invests $69M in Japanese Uber rival backed by the taxi industry

This week isn’t turning out to be great one for Uber in Japan. Two of its investors — Didi and SoftBank — are teaming up to launch a rival service, while one of its existing competi

Xiaomi’s wearable device partner Huami raises $110M in NYSE IPO

China’s top wearable firm Huami has raised $110 million after it listed on the New York Stock Exchange on Thursday. Fresh from launching iits Apple Watch-like Amazfit Blip this week, Huami sol

China’s Didi partners with SoftBank to launch taxi-hailing services in Japan

Uber’s tangled relationship with investors Didi and SoftBank is about to get more complicated after the duo inked an agreement to introduce taxi-hailing services that will compete directly with

Chinese police are using smart glasses to identify potential suspects

China already operates the world’s largest surveillance state with some 170 million CCTV cameras at work, but its line of sight is about to get a new angle thanks to new smart eyewear that is be

SoftBank’s Vision Fund has already spent over $35 billion on investments

SoftBank made waves when its gigantic Vision Fund hit a massive $93 billion first close of a targeted $100 billion total last year, but already it is clear why the firm is reportedly planning a sequel

Samsung Vice Chairman Jay Lee is out of jail after his bribery sentence is suspended

Samsung vice chairman and the company’s heir apparent Jay Y. Lee has left prison after a South Korean high court suspended his bribery sentence. Lee, whose father is Samsung’s chairman, was pr

Foxconn to plug at least $340M into AI R&D over five years

Manufacturing giant Foxconn has said it will make a major investment in artificial intelligence-based R&D as it looks for new business growth opportunities in a cooling global smartphone market, 

PSA: No India hasn’t banned Bitcoin — but it’s still talking tough on crypto

Reports of the death of Bitcoin in India have been greatly exaggerated.

A traveling frog exposes concerns within Apple’s Chinese App Store

An app about a frog that likes to travel has exposed worrying signs that Apple isn’t doing enough to prevent fake apps from entering its App Store in China, the world’s largest smartphone

Kazuo Hirai is standing down as Sony CEO

Sony is getting a new CEO after it announced that CFO Kenichiro Yoshida will replace Kazuo Hirai as the head of the Japanese firm. The move will happen April 1, with Hirai shifting to the role of C

Alibaba is picking up 33% of Ant Financial, its fintech affiliate that’s valued at over $60B

Alibaba has added an additional angle to the announcement of its latest financial report today with news that it is taking a 33 percent stake in Ant Financial, its fintech affiliate that operates Alip

Nintendo is bringing Mario Kart to mobile

In news that will excite every Nintendo fan on the planet, the Japanese gaming giant just announced that it will bring its hugely popular Mario Kart series to mobile. Nintendo teased the upcoming deve
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