Southeast Asia

Baidu spins out its global ad business to sharpen its focus on artificial intelligence

Baidu, the Chinese search giant, is spinning out its business unit responsible for utility apps and its mobile ad business to sharpen its focus on artificial intelligence. As part of the spin-out, Bai

Shared housing startups are taking off

Joanna Glasner Contributor More posts by this contributor These schools graduate the most funded startup CEOs The formula behind San Francisco’s startup success When young adults leave the parental

Ucare.ai is using AI to make healthcare more efficient in Southeast Asia

AI is being applied across the board in many industries worldwide, and its scope of influence is only likely to continue to expand as Kaifu Lee, a noted AI expert who was formerly head of Google China

Jirnexu pulls in $11M for its financial comparison service in Southeast Asia

It’s been a busy week for startup funding in Southeast Asia. Following big deals for Carro and Carousell, financial comparison startup Jirnexu is the latest to announce new capital after it clos

Southeast Asia’s Carro raises $60M for its automotive marketplace and car financing service

Carro, an automotive marketplace and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia. The deal was co-led by SoftBank Ventures

Southeast Asia’s ShopBack moves into personal finance with its first acquisition

Singapore-based e-commerce startup ShopBack came on the radar when it raised $25 million last November, and now the company is making its first acquisition. ShopBack said today it has picked up Seed

Facebook’s Free Basics program ended quietly in Myanmar last year

As recently as last week, Facebook was touting the growth of Free Basics, its Internet.org project designed to give users free curated web access in developing countries, but the app isn’t worki

India’s Jugnoo adopts a unique take on ride-hailing to help fill Singapore’s Uber void

Another contender is throwing its hat into the ring to replace Uber in Southeast Asia after India’s Jugnoo, a startup that specializes in offering autorickshaws on demand in India, revealed it p

Grab’s acquisition of Uber Southeast Asia drives into problems

The long-rumored Grab acquisition of Uber’s Southeast Asia business may be official now, but it’s far from complete. In fact, what should be a celebratory coming-of-age moment for the Sout

Dating service East Meet East raises $4M to develop AI matching and expand into Asia

East Meet East, a New York-based matchmaking service focused on connecting Asian people in the U.S., is expanding its focus to go after dating opportunities in Asia after it raised a $4 million Serie

Insurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-Jek

German insurance giant Allianz is following Google and Tencent by backing Go-Jek, the Indonesia-based ride-hailing and local services company valued at over $4.5 billion, after it announced an invest

Following Singapore, Philippines regulator forces Grab to delay closing Uber’s app

Grab has given the Uber app a stay of execution in yet another market as regulators across Southeast Asia continue to investigate the merger deal announced between the ride-hailing companies last mont

Grab delays shuttering Uber app as Singapore probes merger deal

Fans of Uber in Singapore will have a little more time to continue using the app after Grab, the rival that is acquiring Uber’s business in the region, agreed to extend the life of the app until

Alibaba is preparing to invest in Grab

Fresh from announcing a deal to buy out Uber in Southeast Asia, Grab looks set to gain further firepower with Chinese e-commerce giant Alibaba preparing to invest in the ride-hailing firm. Alibaba is

Singapore says Uber-Grab deal may violate competition laws

Uber’s exit from Southeast Asia is under scrutiny from regulators in Singapore who believe that Grab’s purchase of the U.S. firm’s business in the region may violate competition law

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 Africa Roundup: Safaricom unveils Bonga, Africa’s Talk

Southeast Asia exit deal is a win, not a defeat, for Uber

They say in sport that the best teams win even when they don’t perform. On those terms, Uber seems unstoppable. The day’s big news is that the U.S. ride-hailing firm is leaving Southeast A

It’s official: Uber sells Southeast Asia business to Grab

It’s official, Uber has announced that it has sold its Southeast Asia-based business to rival Grab . The deal follows a month of speculation, and it will see Grab — which is valued at over

Uber has agreed to sell its Southeast Asia business to rival Grab

After weeks of speculation, Uber has concluded a deal that will see it sell its business in Southeast Asia to local rival Grab . The company plans to announce the agreement this coming week and pote

Alibaba doubles down on Lazada with fresh $2B investment and new CEO

Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO wi
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