Asia

The latest innovative tech coming out of Asia

  • LeEco founder Jia Yueting resigns as CEO of its publicly listed unit Leshi

    LeEco founder Jia Yueting resigns as CEO of its publicly listed unit Leshi

    Chinese tech conglomerate LeEco is reshuffling the executive roster of its publicly traded unit, Leshi Internet Information and Technology Corp., as it continues to struggles with cash flow issues and a bumpy expansion into the U.S. Leshi disclosed in a Shenzhen Stock Exchange filing over the weekend that founder Jia Yueting will leave his role as CEO, but stay on as chairman. Read More

  • Restaurant guide Zomato got off lightly after a hacker grabbed 6.6M user passwords

    Restaurant guide Zomato got off lightly after a hacker grabbed 6.6M user passwords

    Restaurant guide and food delivery service Zomato looks like it is getting off lightly after it suffered a hack that compromised personal information belonging to 6.6 million users. The India-based company, which offers services in more than 20 countries worldwide, set off alarm bells when it revealed that a hacker had made off with 17 million user records. Read More

  • Hong Kong’s Qupital raises $2M led by Alibaba to finance invoice loans for SMES

    Hong Kong’s Qupital raises $2M led by Alibaba to finance invoice loans for SMES

    Qupital, a one-year-old Hong Kong-based startup that addresses cash flow issues for SMEs, has closed a $2 million seed funding round. The is certainly a notable size for an early stage investment in Hong Kong’s nascent but growing startup scene. The financing was led by Hong Kong-London firm MindWorks Ventures and the $130 million Alibaba Entrepreneurs Fund which launched in 2015. Read More

  • Thailand backs down on threat to ban Facebook

    Thailand backs down on threat to ban Facebook

    The government of Thailand has backed down on a threat to ban Facebook if it did not block content deemed to be illegal in the country. The ruling military junta last week said it would ban the U.S. social network if it did not disable Thailand-based users from being able to access a selection of 131 “illicit” posts, including content that violates lese majeste laws that… Read More

  • Razer raises $50-100M from Horizons Ventures, inks phone JV with Three

    Razer raises $50-100M from Horizons Ventures, inks phone JV with Three

    Razer, the gaming company that acquired the Robin smartphone maker Nextbit earlier this year, is now opening the curtains on the next steps to make a deeper move into the mobile space. Razer has announced a strategic partnership with Three, the Hong Kong-based mobile phone carrier owned by Hutchison Whampoa. Read More

  • Xiaomi puts the focus on India with plans to open 100 retail stores

    Xiaomi puts the focus on India with plans to open 100 retail stores

    Xiaomi is increasing its office retail presence in China as bids to gain ground stolen by rivals in its homeland, and now it is making that very same push in its second largest market, India. The Chinese company, which is valued at $45 billion, suffered a tough time last year as sales growth slowed — Xiaomi, notably, didn’t go public with sales figures for 2016 — but India… Read More

  • Tencent doubles down on game studio Pocket Gems with $90M investment

    Tencent doubles down on game studio Pocket Gems with $90M investment

    Chinese internet Tencent has continued its recent investment spree after it backed U.S.-based game studio Pocket Gems to the tune of $90 million. Tencent invested in Pocket Gems back in 2015, when it put in a reported $60 million for a 20 percent stake. This time around the Wall Street Journal reported the investment as $90 million, which TechCrunch has confirmed independently. That deal… Read More

  • Uber enters Myanmar with a licensed taxi service

    Uber enters Myanmar with a licensed taxi service

    Uber has launched its service in Myanmar, the Southeast Asian country formerly known as Burma, over a month after going public with its expansion plan. With a population of 50 million people and rapidly increasing internet adoption, Myanmar is seen by many tech firms as a market with much growth potential. Grab, Uber’s chief rival in Southeast Asia, entered the country’s… Read More

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