Ant Financial

Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has its fourth unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new rou

Skype co-founder snags $105M for fintech lending venture in Southeast Asia

A fintech whale quietly going about its business in Southeast Asia has come out from under the radar after Oriente, a Hong Kong-based business headed by Skype’s first employee, announced that i

Philippines fintech business Voyager raises $215M in Tencent-led round

One of the year’s largest fintech investments in Southeast Asia has closed after Philippines-based Voyager announced it raised $215 million. The bulk of the deal comes via a previously announc

Tencent e-wallet is following Alibaba to Hong Kong subways

China’s payments giants have taken their battle to Hong Kong. Less than a week after Ant Financial announced adding QR codes to the city’s MTR public transport network of rail, Tencent&#82

Hong Kong is adding QR code payments to its subway stations

A new dispatch from our “QR Codes Are Very Much Alive In Asia” reporting program: Hong Kong’s subway system will soon allow its commuters to pay by scanning QR codes thanks to a deal

The top 10 cities for $100M VC rounds in 2018 so far

Crunchbase News recently profiled a selection of U.S. companies’ largest VC raised in 2018, and no surprise here: the 10 largest rounds all topped out well north of $100 million.

Grab lands $50M from Thailand’s Kasikorn Bank to further its fintech push

Southeast Asia ride-hailing firm Grab is continuing to add strategic investors to its ongoing Series H round — which is targeted at more than $3 billion — after it revealed Thai bank Kasik

China’s Youon expands into Europe as other bike startups backpedal worldwide

A little known Chinese bike company is riding into Europe as its peer Ofo has applied the brakes to its global expansion strategy in recent months. Youon, which gets by manufacturing public bikes for

The SaaS VC gap: China & other markets trail the US

Chinese startups rule the roost when it comes to total reported venture dollars raised so far in 2018. That is, mostly. In one key category at least — software-as-a-service, better known as SaaS —

Tencent backs fintech firm Voyager to set up battle with Alibaba in the Philippines

China’s internet battle is rapidly reproducing itself in Southeast Asia. One new hotspot is the Philippines, where Tencent just agreed to invest in Voyager, a fintech business started by telecom

Alibaba’s Ant Financial denies stealing from Equifax

Ant Financial has denied claims that it covertly raided Equifax — the U.S. credit firm that was hit by a hack last year — to grab information, including code, confidential data and documen

Terra is an ambitious crypto project to build a stable coin through e-commerce

Four of the world’s largest crypto exchanges are leading a $32 million investment in an ambitious venture out of Korea that’s aiming to develop a new stable coin using e-commerce as the ly

Alibaba confirms it raised $3B for its newly consolidated local services business

Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently

Alibaba shrugs off China concerns as revenue jumps 61%

Tencent had an unexpected miss this month and Twitter and Facebook are grappling with concerns, but Chinese rival Alibaba experienced no such issue today as it beat analyst expectation after clocking

The top 10 startups from Y Combinator’s Demo Day S18 Day 2

Fifty-nine startups took the stage at Y Combinator’s Demo Day 2, and among the highlights were a company that helps developers manage in-app subscriptions; a service that lets you create animoji

Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more

Fast-growing Chinese media startup ByteDance is looking to raise as much as $3 billion to continue growth for its empire of mobile-based entertainment apps, which include news aggregator Toutiao and v

SoftBank’s move into new services continues with plan for a payment service in Japan

SoftBank is best known in Japan as a mobile operator but the company, which is behind the near-$100 billion Vision Fund, is increasingly getting into other types of consumer services in its homeland.

Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion

Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous

Equity podcast: More funding for scooters, Cruise gets a boost, and Chinese IPOs

 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was fun. Back in the studio, Connie Loizos, Matthew Ly

China’s SenseTime, the world’s highest-valued AI startup, closes $620M follow-on round

SenseTime, the world’s highest-valued AI company with a valuation of over $4.5 billion, is back in the money again. The company raised $600 million in an Alibaba-led financing round announced la
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