Asia

The latest innovative tech coming out of Asia

  • Razer makes virtual currency push with $20M investment in Asian payment firm

    Razer makes virtual currency push with $20M investment in Asian payment firm

    Razer has invested close to $20 million into Malaysia-based online payment firm MOL Global as part of a push to establish its virtual currency for gamers in Asia. The deal sees Razer subsidiary ZV-Midas buy equity from existing backers MOL Investment and Hotel Resort Enterprise in a deal that values the MOL Global business at around the $100 million mark. Gaming company Razer, which made… Read More

  • Crunch Report | Apple Rolls Out Early Version Of Its Safe Driving Feature

    Today’s Stories  Do Not Disturb While Driving feature rolls out in Apple’s newest iOS 11 beta Sean Parker has left Spotify’s board; Padmasree Warrior, Thomas Staggs join in lead up to IPO Trump might kill next month’s new startup visa before it takes effect Facebook is testing a feature to prevent profile pictures being abused by other users Tantan, China’s… Read More

  • JD.com invests $397M into luxury marketplace Farfetch as part of a new strategic partnership

    JD.com invests $397M into luxury marketplace Farfetch as part of a new strategic partnership

    JD.com, China’s second-largest e-commerce company after Alibaba, is pumping $397 million into Farfetch, a marketplace for luxury brands, as part of a new strategic partnership. JD.com founder and CEO Richard Liu will take a seat on Farfetch’s board as part of the deal, which makes JD.com one of its largest shareholders. Read More

  • Tantan, China’s top dating app, raises $70M for monetization push and overseas expansion

    Tantan, China’s top dating app, raises $70M for monetization push and overseas expansion

    Chinese startup Tantan, which is probably most comparable to Tinder, has raised $70 million in new capital as it looks to monetize its business for the first time and explore overseas expansion options. Three-year-old Tantan claims 60 million ‘validated’ users — i.e. not fake accounts — of which six million are active on a daily basis. Of those active users, 75 percent… Read More

  • Mercari hires John Lagerling from Facebook’s management team to guide its U.S. strategy

    Mercari hires John Lagerling from Facebook’s management team to guide its U.S. strategy

    When Mercari became Japan’s first startup unicorn with a $75 million round last year, the funding was earmarked to fuel its goal of becoming the top secondhand marketplace app in the U.S. Now Mercari is doubling down on its efforts to succeed where no other Asian e-commerce company has. Today it launched a refreshed version of its American app and announced the hiring of John Lagerling… Read More

  • Regulation could stifle growing China-US venture activity Crunch Network

    Regulation could stifle growing China-US venture activity

    Let’s step back from politics and look at some cold, hard numbers to assess the current state of cross-border investment and other transactional activity between the U.S. and China. We’ll look at one type of transaction that could be affected: venture capital investments. We’ll show the “big picture,” as well as analysis of transactions in AI and related sectors. Read More

  • China’s Mobike plans move into services and aggressive international expansion

    China’s Mobike plans move into services and aggressive international expansion

    Mobike, the Chinese bike-sharing company that raised $600 million last week, has lifted the lid on its plans to expand beyond rides and move into services. The company announced last week that it plans to expand to reach 200 cities before the end of the year, many of which are expected to be outside of China. But, as if that ambitious target wasn’t enough, the company is also working… Read More

  • Kik CEO explains why its doing an ICO instead of venture fundraising

    Kik CEO explains why its doing an ICO instead of venture fundraising

    Ted Livingston, CEO of messaging app Kik, spoke on stage at TechCrunch’s event in Shenzhen, China on Tuesday. Moderator Jon Russell asked him about why the company is doing an initial coin offering (ICO), a newly popularized method of fundraising. It’s “a way to raise funding” and “a way to get money into the company,” he said about the ICO, which was… Read More

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