Asia

Meta Verified arrives in India, now honors ‘legacy’ verified badges

Meta Verified, the Facebook and Instagram owner’s recently launched paid verification system, is expanding to India, the company announced today via post from CEO Mark Zuckerberg on his Instagra

TuSimple has started testing its self-driving truck tech in Japan

TuSimple, a publicly traded company developing self-driving trucks, is doing regular test runs on an expressway in Japan, marking its entrance into the island nation, the company said Tuesday. The tes

Collaborative Fund backs Korea’s Sopoong Ventures to grow its footprint in Asia

Venture capital firms often open a physical office or hire local investors to make inroads into new markets, especially when expanding internationally.   But funds are increasingly exploring a varie

Indian EV two-wheeler startup River raises $15M led by Dubai’s Al Futtaim Group

River, an Indian EV startup that introduced its first two-wheeler in February, has raised $15 million in a funding round led by Dubai’s Al Futtaim Group. With today’s funding round, the st

Sequoia splits China and India arms from US mothership to avoid ‘portfolio conflict’ and ‘market confusion’

Sequoia plans to split into three entities — Sequoia Capital in the U.S. and Europe, Peak XV Partners in India and Southeast Asia, and HongShan in China — as the storied venture firm separ

India’s open e-commerce network expands to B2B transactions

The Indian government-backed open e-commerce network has been expanded to facilitate business-to-business (B2B) transactions — months after enabling transactions between consumers and merchants over

6 investors explain why they are bullish about Japan’s startup scene despite an uncertain economy

Thinking of Japan often evokes notions of bleeding-edge tech mixed with deep tradition and culture. The country’s startups, however, haven’t seen the sort of growth that upstart tech companies in

A peek into China’s stance on web3

Web3 has come to be known as the internet built on decentralized blockchains that power applications like cryptocurrencies and NFTs. The catch-all term is sometimes used interchangeably with crypto, b

NestAway, once valued at over $225 million, sells for $11 million

Proptech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup

Puneet Chandok, AWS India and South Asia head, has resigned

Puneet Chandok, the head of AWS in India and South Asia, has resigned, according to two sources familiar with the matter, a surprise move just weeks after the cloud giant pledged to invest over $12 bi

Elon Musk’s pivotal China visit: Diplomacy, supply chain and beyond

On Tuesday, Elon Musk commenced his high-stakes visit to China, marking his first since before the COVID-19 pandemic. In an era of decoupling, the Tesla CEO stands out as one of the very few Silicon V

Baidu’s $145M AI fund signals China’s push for AI self-reliance

The U.S.-China decoupling is giving rise to a divided tech landscape between the two major economies, shaping the development of the red-hot area of generative AI, which turns text into various forms

As part of AI push, Chinese tech giant Baidu is now rolling out an AI venture fund

Here comes yet more money for AI startups. Today, the Chinese search giant Baidu announced that it plans to establish a venture fund with 1 billion yuan ($145 million) to back startups focused on cont

The elephants in the room at Computex

This year’s Computex, the first since Taiwan eased pandemic-related travel restrictions, was a celebration of the world’s computing and chip industries. But amid the exhibitions, speeches and pro

Indian SaaS startup Capillary Technologies grabs $45M to expand globally

Capillary Technologies, an Indian SaaS startup that offers solutions for loyalty management and customer engagement, has raised $45 million in a funding round, as it plans to expand into global market

India kicks off a pilot to become electronics repair capital of the world

After expanding its footprint in manufacturing smartphones and other tech devices, India is looking to become the electronics repair capital of the world, taking the crown from China and Malaysia, whi

New regulation in India seeks to stub out tobacco glorification on streaming platforms

India’s health ministry has unveiled stringent guidelines for on-demand video streaming services, necessitating warnings about smoking and the use of other tobacco products when such activities

Coupang says no plans to enter India

Coupang doesn’t plan to enter the Indian market, the company said, refuting a local media report that claimed that the South Korean e-commerce firm had expressed interest in entering the South A

BlackRock cuts Byju’s valuation by nearly two-thirds to $8.4 billion

BlackRock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based startup, this time to about $8.4 billion, even as the most valuable Indian startup

Reliance’s JioCinema breaks world record with free cricket streaming

India’s JioCinema broke the global record for the most concurrent views to a livestreamed event on Monday, eclipsing a long-standing milestone set by Disney’s Hotstar, as the Asian tycoon
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