Asia

Battery-swapping SPAC Gogoro secures $345M loan

Taiwanese battery-swapping company Gogoro has signed a $345 million five-year credit facility agreement in order to increase liquidity among uncertain economic conditions. The loan comes from a group

TikTok says fake account removal increased 61% to 33.6M in Q2 2022

TikTok is continuing its PR offensive to convince the world that it takes its content moderator responsibilities seriously, as the ByteDance-owned social video platform today published its latest Comm

South Korean prosecutors want to freeze Do Kwon’s bitcoin assets

Luna Foundation Guard (LFG), a Bitcoin reserve co-founded by Do Kwon as a confidence backstop to protect the Terra ecosystem, refuted claims that it had transferred digital tokens to other crypto exch

AmazeVR wants to scale its virtual concert platform with $17M funding

AmazeVR, a Los Angeles-based virtual concert platform, said Tuesday it has raised a $17 million funding round to create immersive music experiences through virtual reality (VR) concerts. Like other in

India searches premises, freezes bank accounts in ongoing Free Fire investigation

India’s financial crime fighting agency searched the premises of Coda Payments India, distributor of Sea’s Free Fire, as part of an investigation. The Enforcement Directorate said in a twe

Investors bank on China’s alternatives to Nvidia’s auto chips

In China, a crop of homegrown chip companies has popped up as Beijing strives to decouple from America’s advanced technology and manage sanctions risks, which have crippled Huawei’s lucrat

Samsung launches credit card in India

Samsung has launched two credit cards in India, entering a crowded category that sees more than 50 companies fiercely compete for consumers’ attention in the world’s second largest interne

India is repurposing its COVID-19 contact tracing app and vaccination website

India is repurposing its COVID-19 contact-tracing app and vaccination website to address other health concerns in the South Asian country. A senior official said Sunday that the Indian government is p

Apple starts manufacturing iPhone 14 in India in a shift away from China

Apple has started assembling the iPhone 14 models in India, it said Monday, locally producing the current lineup for the first time in the same calendar year in the world’s second largest smartphone

Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal

Byju’s has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the $1 billion acquisition of Aakash, a source familiar with the matter told TechCrunch,

SerMorpheus wants to make NFTs an everyday sight in Indonesia

More than half of the population in Southeast Asia is under 30, making it a coveted market for novel technologies. Unsurprisingly, several countries in the region, like Singapore and Vietnam, have som

Cloud kitchen startup CloudEats raises more capital to ramp up Southeast Asian expansion 

A cloud kitchen — also known as a ghost kitchen or a shared kitchen — offers restaurant owners and food entrepreneurs a commercial kitchen space at a reduced cost for food delivery and takeout

SoftBank cuts internal valuation of $10 billion Oyo to $2.7 billion

SoftBank, the largest investor in Oyo, has cut the Indian hotel chain’s valuation to $2.7 billion at a time when the startup is months away from going public, a source familiar with the matter s

South Korea finds more suspicious crypto-linked foreign exchange transactions

South Korea’s Financial Supervisory Service (FSS) said on Thursday that it had found additional unusual foreign exchange transactions of $680 million, which brings the total amount of “abnorm

Inside Seoul Robotics’s contrarian approach to autonomous vehicle tech

Seoul Robotics has taken a divergent path on the road to commercializing autonomous vehicles. Instead of developing and embedding the entire self-driving system, including sensors into a vehicle, Seou

India proposes to regulate internet communication services

India has proposed to regulate internet-based communication services, requiring platforms to obtain a license for operating in the world’s second largest wireless market. The Department of Telec

Alibaba Cloud pledges $1B to boost overseas alliance

Alibaba is known for its sprawling e-commerce empire, but like Amazon, cloud service has been a big driver of its revenues in recent years. The Chinese cloud giant is ready to double down on its overs

Crypto tax reporting app Binocs helps users navigate regulations

Keeping up with tax compliance for cryptocurrency can be tricky, especially since many laws are new (or haven’t been written yet). That’s why Binocs was founded. Users integrate their exchanges an

Chinese EV startup XPeng says its new G9 SUV is ‘last step’ before autonomous vehicles

XPeng launched the G9 Flagship SUV, the fourth production vehicle in its lineup that will set a “new benchmark” for automated driving technology in passenger vehicles, the Chinese electric

Apple to move 25% iPhone production to India by 2025, 20% iPad and Apple Watch to Vietnam, analysts say

Apple began assembling some of its devices in India and Vietnam a few years ago, slowly cutting its reliance on China. The Cupertino-giant is now gearing up to make the two nations key global manufact
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