Asia

China’s Xiaomi makes underwhelming public debut in Hong Kong IPO

China’s Xiaomi, the world’s fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war betw

Fraud detection startup CashShield secures $20M Series B led by Temasek and GGV

Online fraud detection startup CashShield, whose clients include Alibaba and Razer, announced today that it has raised a $20 million Series B led by Temasek Holdings and returning investor GGV Capital

Naspers is in talks to invest in Southeast Asia’s Carousell

Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of d

Africa Roundup: African startup investments turn to fintech this winter season

Forty-seven and a half million dollars is a big commitment to African technology companies -- even with the recent uptick in VC investment on the continent.

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

Location-based virtual reality is increasing its footprint in the U.S.

Earlier this year, in a small, grey-walled storefront inside a very large mall in Torrance, Calif. (just past the AMC Center) , the virtual reality game-maker Survios planted its first flag in the mar

Startups can now apply to take part in Google’s first Demo Day event in Asia

Google is bringing its Demo Day event to Asia for the first time this September and now the search giant has opened applications for startups wanting to take part. Google’s Demo Day are akin to

Impossible Foods goes to White Castle

Impossible Foods is taking another bite out of the meat supply chain, with the announcement that its meatless burger substitute is coming to America’s first fast-food burger chain — White

African VC TLcom Capital invests $5M in Nigerian data analytics firm Terragon Group

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Update: EV startups Alta, Energica, and Zero could reboo

BMW and Daimler agree to merge mobility service businesses

It’s been hinted at, but Daimler and BMW are officially bringing together their mobility services business groups into one combined company, with a 50 percent stake owned by each automaker. That

CardUp raises $1.7M to help small businesses get more out of their credit cards

CardUp, a Singapore-based startup that enables users to make large, recurring payments by credit card even to recipients that don’t accept cards, has raised $2.2 million SGD (about $1.7 million) led

Ethereum falls after rumors of a powerful mining chip surface

Rumors of a new ASIC mining rig from Bitmain have driven Ethereum prices well below their one-week high of $585. An ASIC – or Application-specific integrated circuit – in the cryptocurrenc

Li Ka-Shing to step down as chairman of CK Hutchison, owner of 3 and other tech holdings

A significant changing of the guard is underway in the world of telecoms and tech out of Asia. CK Hutchison, a Hong Kong conglomerate that owns the European mobile carrier 3 among other mobile and tec

mu Space targets 2020 launch of first satellite aboard Blue Origin’s New Glenn

Jeff Bezos’ New Glenn rocket, the reusable launch vehicle created by Blue Origin to put people and large cargo into orbit, has a new confirmed payload for one of its first missions: mu Space. Th

India’s Prime Venture Partners closes new $60M fund for seed investments

India’s Prime Venture Partners has refueled its tanks for more angel investing after it announced a new fund of INR 400 crore, or around $60 million. Started by three managing partners —

2018 VC investment into crypto startups set to surpass 2017 tally

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor Satellite startups turn to reinventing broadband, mapping and oth

Global tech firms and investors are reshaping Latin America’s startup environment

Julie Ruvolo Contributor Julie Ruvolo, a former writer for TechCrunch, is the head of editorial content for the Latin American Private Equity and Venture Capital Association. More posts by this contri

Sourcify is connecting entrepreneurs directly to pre-vetted overseas factories

If you’ve ever tried to order and source products from overseas you likely know the process is broken. Factories rarely talk directly to customers and middlemen are difficult to track down and t

Education technology is a global opportunity

Education used to be simple: there was a blackboard, a teacher and desks in a classroom. Today, a student can practice English online, upload homework through a portal and learn chemistry through 3D i

Mumbrella, a media startup focused on APAC’s marketing industry, gets acquired

Inside baseball klaxon: media writing about media story incoming:: Mumbrella, the Australia-based media company, has been sold by its founders to U.S./APAC events company Diversified Communications.
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