Catherine Shu
Writer
The Latest from Catherine Shu
Known for 5G mmWave testing solutions, Taiwan’s TMYTEK sets its sights on base stations
TMYTEK recently raised a Series A+ round of about $10 million for products that make it easier to test 5G millimeter wave equipment. So far, the company’s clients include KDDI, SoftBank, Fujitsu and
Samsung vice chairman Jay Y. Lee faces nine-year sentence in bribery case
Samsung Electronics vice chairman Jay Y. Lee faces a nine-year prison term in the bribery case that contributed to the downfall of former president Park Guen-hye. Prosecutors argued that the length of
RentPath drops acquisition deal with CoStar after FTC antitrust lawsuit
RentPath, owner of property-listing sites including Rent.com and Apartment Guide, said today it has cancelled its agreement to be acquired by CoStar Group after the Federal Trade Commission sued to bl
New York licenses GMO Internet to issue the first JPY-pegged stablecoin
The New York Department of Financial Services (NYDFS) has approved Tokyo-based GMO Internet to launch GYEN, the first stablecoin pegged to the Japanese yen. GMO Internet, an internet conglomerate that
Chinese online education app Zuoyebang raises $1.6 billion from investors including Alibaba
The rivalry between China’s top online learning apps has become even more intense this year because of the COVID-19 pandemic. The latest company to score a significant funding round is Zuoyebang
On-demand logistics company Lalamove gets $515 million Series E
Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. The round was led by Sequoia
Singapore-based open finance startup Finantier gets backing from Y Combinator
Being “underbanked” doesn’t mean that someone lacks access to financial services. Instead, it often means they don’t have traditional bank accounts or credit cards. But in mark
SoftBank will reportedly file for a SPAC on Monday
SoftBank Investment Advisers may file as early as Monday to raise between $500 million and $600 million through an initial public offering of its first special purpose acquisition vehicle, reports Axi
Waresix acquires Trukita to connect more of Indonesia’s fragmented logistics chain
Waresix, one of Indonesia’s largest logistics startups, has acquired Trukita, a company that focuses on the “first mile.” The term refers to the part of the supply chain where goods are
Hong Kong-based Pickupp makes logistics more affordable for e-commerce sellers
Logistics is one of the biggest challenges in e-commerce, especially for smaller merchants. Pickupp helps them compete in the on-demand economy with flexible, customizable delivery services. Based in
Singapore is poised to become Asia’s Silicon Valley
Long established as a global financial center, Singapore also looks set to become the “Silicon Valley of Asia.” Tencent, ByteDance and Alibaba are reportedly planning regional hubs in the
Appboxo gets $1.1 million seed to build a mini-app ecosystem for all developers
Pioneered by WeChat almost four years ago, mini-apps are now common in China and India, and gaining traction in other markets, too. Mini-apps, or lightweight apps designed for integration into host ap
Reddit acquires Dubsmash
Reddit announced that it has acquired short video platform Dubsmash. The deal’s terms were undisclosed. Dubsmash will retain its own platform and brand, and Reddit will integrate its video creation
Gift Guide: 8 DIY and crafting gifts to help your friends make more stuff and learn new skills
Crafting and DIY tools are wonderful gifts right now. We're all stuck inside and, for many of us, the days are sort of blurring together. Why not help your friends and family learn to make stuff? And
Seoul-based payment tech startup CHAI gets $60 million from Hanhwa, SoftBank Ventures Asia
Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. This is good news for payment service operators, but the market is very fragmented, so adding paym
myInterview raises $5 million for its video-based job recruitment platform
Creating a resume is one of the most frustrating parts of job hunting. Though ubiquitous on social media, videos are still rare on job platforms, even though it’s difficult to capture your perso
Tripadvisor shares drop following China app ban
The Cyberspace Administration of China (CAC) announced it has banned 105 mobile apps for violating Chinese internet regulations. While almost all of the apps are made by Chinese developers, American t
Used car marketplace Carsome gets $30 million Series D for its Southeast Asia growth plans
Carsome, which bills itself as Southeast Asia’s largest e-commerce platform for used cars, announced it has closed a $30 million Series D. The funding was led by Asia Partners, with participation fr
E-commerce fulfillment platform Shippit raises $22.2 million led by Tiger Global
Shippit, a Sydney, Australia-based e-commerce logistics platform, will expand in Southeast Asia after closing a $30 million AUD (about $22.2 million USD) Series B led by Tiger Global, with participati
Second federal judge rules against Trump administration’s TikTok ban
Another federal judge has issued a preliminary injunction against U.S. government restrictions that would have effectively banned TikTok from operating in the United States. The ruling (embedded below