Japan

Saudi Arabia’s sovereign fund will also invest $45B in SoftBank’s second Vision Fund

The sovereign fund of Saudi Arabia plans to invest $45 billion into the second SoftBank Vision Fund, two years after putting the same amount into the original $100 billion Vision Fund, Saudi Arabia Cr

Watch this humanoid robot install drywall

The HRP-5P is a humanoid robot from Japan’s Advanced Industrial Science and Technology institute that can perform common construction tasks including — as we see above — install dryw

First DJI, now Bang & Olufsen gets Line Friends-themed products

Line is a pretty busy company. Beyond a messaging app that claims more than 160 million users, the company operates services like music streaming, manga, food delivery, games and it is also venturing

Google launches new AI initiatives in Japan

It’s no surprise that Google used its Cloud Next 2018 event in Tokyo today — one of a number of international Cloud Next events that follow its flagship San Francisco conference — to

GreyOrange raises $140M to develop fully-automated robotics for warehouses

GreyOrange, a Singapore-headquartered firm that develops robots for warehouses, has pulled in a $140 million Series C funding round as it targets more expansion and growth. The company was started in

Chat app Line to raise $1.33BN via convertible bonds to double down on financial services

Move over stickers and games: Japanese messaging app firm Line has announced it’s raising around 148.1 billion yen ($1.33BN) through convertible bonds to fund aggressive expansion into the fina

Chat app Line hopes its own crypto token can solve its user growth problem

Line, the Japanese messaging app firm that’s best known for its cutesy characters and stickers, is pushing deeper into crypto after it launched its own token to help grow its stagnant user bas

Panasonic to move its European HQ out of the UK because Brexit

Chalk up yet another Brexit deficit: Japanese electronics firm Panasonic will be moving its European headquarters from the UK to Amsterdam in October because it’s worried about the tax implicati

Japanese fintech startup Paidy lands strategic investment from Visa

A month after announcing its $55 million Series C, Japanese fintech startup Paidy has snagged a strategic investment from payment giant Visa. Paidy didn’t disclose how much Visa put into its bu

Hyundai leads $14.3M investment in Indian car rental startup Revv

Korean automaker Hyundai is jumping into India’s on-demand mobility space after it led a $14.3 million investment in car-rental startup Revv. Hyundai, which is the second largest seller of cars

China reaches 800 million internet users

China’s internet population has now grown beyond 800 million, according to the latest data from the Chinese government. A new report [in Chinese] issued by the China Internet Network Information

SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international

SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company — which has struggled for stability following a monster

Gaming in Asia may be crypto’s killer decentralized app

As money and talent flows into the crypto and blockchain worlds, a persistent question keeps coming up: what is going to be the “killer app” that drives adoption for these nascent technolo

Messaging firm Line launches a dedicated crypto fund

Messaging company Line is continuing to burrow deep into the crypto space after it announced the launch of a $10 million investment fund. The fund will be operated by Line’s Korea-based blockcha

Musical.ly investor bets on internet radio with $17M deal for Korea’s Spoon Radio

One of the early backers of Musical.ly, the short video app that was acquired for $1 billion, is making a major bet that internet radio is one of the next big trends in media. Goodwater Capital, one o

Japan’s Freee raises $60M to grow its cloud accounting business

Japan-based accounting software company Freee, one of the country’s most-prominent startups, has raised a $60 million Series E funding round as it bids to expand its services into other areas o

India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UK

The UK is getting a new alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which will become its first market in Europe. Ola was founded in 2010 a

China’s Didi pumps $1B into its rebranded driver services business

Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also getting a rebrand. The Chinese ride-hailin

WeWork China raises $500M to triple the number of cities it covers

WeWork’s China business is getting a fresh injection of capital after it raised $500 million. The company entered China two years ago and today it covers Beijing, Shanghai and Chengdu with nearl

Chat app Line gets serious about gaming with its latest acquisition

Line, the company best-known for its popular Asian messaging app, is doubling down on games after it acquired a controlling stake in Korean studio NextFloor for an undisclosed amount. NextFloor, which
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