Asia

India’s MoveinSync eyes $50–60M in fresh funding

MoveinSync, an Indian startup offering mobility solutions to blue-chip companies for workplace commute, is engaging with investors to raise a growth round, according to people familiar with the delibe

Gravel gets funding from NEA to support Indonesia’s booming construction industry

Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a t

South Korea to launch digital currency pilot with 100,000 residents next year

The Bank of Korea (BOK) rolled out details on its pilot program for its retail central bank digital currency (CBDC), stating that 100,000 selected Korean citizens will join the trial in the fourth qua

As Temu shakes up global e-commerce, PDD nears overtaking Alibaba

PDD, the firm behind the fast-growing shopping app Temu, is shaking up China’s Big Tech club. On Thursday, news of Alibaba’s market cap sliding under that of PDD made headlines all over th

Backed by East Ventures, Fr8Labs aims to digitize Asia’s logistics industry

In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack

Byju’s expects minimal or no fine from India’s forex rule violation allegation

Byju’s said on Wednesday that recent accusations by India’s crime-fighting agency regarding a breach of the nation’s foreign exchange rule are “solely technical” in natur

Hacker claims theft of Shadowfax users’ information

A hacker claims to be selling millions of user records relating to Indian startup Shadowfax, which offers logistics services to e-commerce and hyperlocal platforms across the country. The pseudonymous

Prosus slashes valuation of India’s Byju’s below $3 billion

Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit early last year. Byj

LockBit claims cyberattack on India’s national aerospace lab

The notorious ransomware gang LockBit has claimed responsibility for a cyberattack targeting India’s state-owned aerospace research lab. On Wednesday, LockBit added the National Aerospace Labora

Nvidia taps China talent for autonomous driving endeavors

Nvidia has long been involved in the development of autonomous vehicle technologies, providing the industry with graphic processing units that can perform millions of calculations simultaneously. Now

Wind.app makes DeFi accessible to the average consumer

Hussain Elius is best known as the co-founder of Pathao, one of Bangladesh’s top ridesharing apps. For his latest startup, however, Elius is exploring the world of DeFi with Wind.app, a self-custodi

Apple partner Foxconn to invest $1.5 billion in India

Foxconn plans to invest $1.54 billion in India, the latest in its growing expansion plan, following a surge in revenues in the South Asian market. Foxconn said in a stock exchange filing that the inve

Inflow connects small fashion brands with manufacturers in Vietnam

Textiles and garments contribute 16% of Vietnam’s total GPD, but it’s challenging for small garment brands to take advantage of the country’s manufacturing prowess. Inflow is stepping into the g

India’s EMotorad rides high with $20M investment for global e-bike push

EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The th

Fate of US venture capital in China teeters on uncertainty

On a weekday afternoon at Red Rock Coffee, the café known for spotting venture capitalists in Silicon Valley, one is likely to overhear a few conversations in Mandarin. With China reopening its borde

US chip export ban is hurting China’s AI startups, not so much the giants yet

Well before Washington banned Nvidia’s exports of high-performance graphic processing units to China, the country’s tech giants had been hoarding them in anticipation of an escalating tech

India seeks to regulate deepfakes amid ethical concerns

India is drafting rules to detect and limit the spread of deepfake content and other harmful AI media, a senior lawmaker said Thursday, following reports of proliferation of such content on social med

North Korea-backed hackers target CyberLink users in supply-chain attack

North Korean state-backed hackers are distributing a malicious version of a legitimate application developed by CyberLink, a Taiwanese software maker, to target downstream customers. Microsoft’s Thr

China’s EV upstart Li Auto hunts for chip talent in Singapore

Li Auto, an electric vehicle maker adored by young Chinese families, is stepping up its endeavors to build in-house automotive chips and has gone abroad to seek talent for the course. The eight-year-o

Anti-censorship tools are quietly disappearing into thin air in China

China — the biggest internet market globally with more than 1 billion users — is no stranger to online censorship. For years, authorities in the country have built out a series of techno-policy re
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