Jon Russell

Writer, TechCrunch

Jon Russell was a reporter for TechCrunch covering all things tech in Asia, in particular the major players in China, India and Southeast Asia. Originally from the UK, he is based in Bangkok and has lived in Thailand since 2008.

Jon Russell

Kencko, a company that wants to help people eat more fruit and vegetables in their daily life, is entering feast mode after it announced a $3.4 million seed round for…

Kencko chugs down $3.4M to help you get more fruit and vegetables in your diet

Spotify’s Lite app is now official. The app has been in beta since last year, and now Spotify is officially releasing it in 36 countries worldwide. The app is designed…

Spotify Lite for Android gets an official launch in 36 countries

Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber, it’s a situation that is not only…

Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship

Waresix, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old…

Waresix hauls in $14.5M to advance its push to digitize logistics in Indonesia

PayU, the Naspers-owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based…

PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

July 4 is American Independence Day, but it also marks the arrival of Stranger Things season three — a release that might just be the most-anticipated in the history of…

Stranger Things 3 is now available on Netflix

Sony is doubling down on the world of startup investment. The Japanese tech giant announced a new fund that is aiming to raise 20 billion JPY (around $185 million) to…

Sony announces a new $185M fund to invest in tech startups

The new era of tech-enabled banks is coming, even in regulation-heavy Japan. Kyash, a fintech company with visions on becoming Japan’s first challenger bank, said today it has raised $14…

Kyash, a would-be challenger bank in Japan, raises $14M

Sweet Escape, a startup founded in Indonesia that helps connect photographers with customers, is all smiles today after it announced a $6 million Series A round. The company — which…

Sweet Escape, a platform for booking photographers, raises $6M

Six months ago Korean games giant Nexon seemed headed for a management change, but now it seems very much back to business as usual. Days after founder Kim Jung-ju was…

Nexon takes control of emerging game studio Embark via a $96M investment

U.S. President Donald Trump has handed Huawei a lifeline after he said that U.S. companies are permitted to sell goods to the embattled Chinese tech firm following more than a…

Huawei can buy from US suppliers again — but things will never be the same
Startups

Grab raises more money — again

3:21 am PDT • June 27, 2019

Southeast Asia’s highest-capitalized startup is sitting on even more money from investors today after ride-hailing Grab announced it has raised $300 million from Invesco. The deal takes Singapore-based Grab $7.5…

Grab raises more money — again

Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced a $4.25 billion fund dedicated to China and Southeast Asia.…

Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia

The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China, Southeast Asia and Russia coupled with the failure of its rivals to develop a…

Splyt wants to connect the world’s ride-hailing apps for easy international roaming

Kopi Kenangan, a startup that wants to make quality, fresh coffee affordable to Indonesian consumers, has raised $20 million as it begins to consider overseas expansion in Southeast Asia. The…

Indonesia’s Kopi Kenangan raises a sweet $20M to expand its coffee business

Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is switching up its approach to China, and shifting the balance…

Carrefour sale shifts the balance of power in China’s new retail battle

Huawei may be on the ropes as it battles sanctions from the U.S. government, but fellow Chinese smartphone rival Xiaomi is in expansion mode with the launch of a new…

Xiaomi’s new Mi CC brand will develop ‘trendy’ smartphones for young people

As Facebook grapples with the spread of hate speech on its platform, it is introducing changes that limit the spread of messages in two countries where it has come under…

Facebook adds new limits to address the spread of hate speech in Sri Lanka and Myanmar

WeWork’s battle to win co-working in Indonesia, the world’s fourth most populous country, is intensifying after one of the U.S. firm’s key rivals issued a slew of announcements to double…

Indonesia’s EV Hive raises $13.5M and expands into co-living and new retail

GuestReady, a three-year-old service that lets shared-economy hosts manage their business on Airbnb and other rental sites, has announced a $6 million Series A round. The investment was led by…

GuestReady raises $6M to help hosts on Airbnb and other services manage their property

Alibaba is being heavily linked with a public listing in Hong Kong, which could reportedly happen in Q3 and raise up to $20 billion. The firm is keeping quiet on…

Alibaba proposes share split ahead of reported $20B Hong Kong IPO

The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced…

Binance begins to restrict US users ahead of regulatory-compliant exchange launch

Go-Jek may be based in Southeast Asia, but the multi-billion-dollar ride-hailing firm continues to tap India for engineering talent. The Indonesia-headquartered firm announced today that it has acquired AirCTO, a…

Go-Jek doubles down on India with yet another talent acquisition

Telegram, the most hyped ICO in the history of ICOs, is finally making its tokens available to retail investors through a limited listing that will precede a full sale later…

Telegram’s crypto tokens are (kind of) going on sale to the public for the first time

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round…

Korean hotel platform Yanolja raises $180M at a valuation of over $1B

Synapse, a San Francisco-based startup that operates a platform enabling banks and fintech companies to easily develop financial services, has closed a $33 million Series B to develop new products…

Fintech platform Synapse raises $33M to build ‘the AWS of banking’

Messaging app Line has partnered with Visa to bring traditional financial clout to its mobile payment service. The deal will see Line Pay become compatible with Visa’s 54 million merchant…

Line teams up with Visa to boost its mobile payment service

What is the world to do with the graveyards of dockless bicycles left over after China’s bike sharing startups retreated from global markets? One man has come up with the…

This entrepreneur is donating unwanted bike-sharing cycles to underprivileged students in Myanmar

The wheels are turning on Didi Chuxing’s first major expansion in Latin America after the Chinese ride-hailing firm announced moves into Chile and Colombia to double its presence in the…

China’s Didi kicks off expansion in Latin America with moves into Chile and Colombia

YouTube is a confusing mess of an internet platform. In what appears to be a moment that draws a line in the sand around how online platforms regulate content, YouTube…

YouTube says homophobic taunts don’t violate its policies