vietnam

  • JD.com leads investment in Vietnam-based e-commerce service Tiki

    JD.com leads investment in Vietnam-based e-commerce service Tiki

    JD.com, the Chinese e-commerce firm that rivals Alibaba, has continued its expansion in Southeast Asia with an investment in Vietnam-based Tiki, a seven-year-old online retail service. JD.com is leading a Series C investment round in Tiki alongside VNG, the Vietnam-based online media and gaming company that is already an investor. The round itself is undisclosed, but TechCrunch understands… Read More

  • Uber inks its first mobile wallet deal in Southeast Asia

    Uber inks its first mobile wallet deal in Southeast Asia

    Seeking to rise to increased competition, Uber has inked its first payments deal in Southeast Asia after it announced a partnership with Vietnam-based mobile wallet service Momo. Momo, which raised $28 million led by Standard Chartered last year, will become a payment option inside the Uber app in Vietnam, alongside cash and credit cards. The app is the country’s top mobile payment… Read More

  • Female founders take charge in Vietnam Crunch Network

    Female founders take charge in Vietnam

    The first time Huong Tran pitched a group of Vietnamese investors on Epomi, a beauty retail startup she founded in 2014, she was shocked by their reaction. “They told me that women are too emotional to run a business and they don’t like investing in them,” she said. “This was one of the leading international VC firms in Vietnam—I didn’t expect… Read More

  • Spotify steps up Asia expansion with plans to launch in Vietnam and Thailand

    Spotify steps up Asia expansion with plans to launch in Vietnam and Thailand

    Fresh from speculation around an impending IPO, Spotify is hitting the gas on its expansion plans in Asia. Two sources close to the company told TechCrunch that the firm is working to launch its music streaming business in Vietnam and Thailand, two countries with a combined population of over 160 million. Read More

  • P2P mobile payment app Tapp raises $9 million to tap into the cash economy in Southeast Asia Crunch Network

    P2P mobile payment app Tapp raises $9 million to tap into the cash economy in Southeast Asia

    Mobile phones have emerged as the dominant alternative payment method to cash for buying and selling goods and services in emerging markets. And with a service akin to alternative payment providers like M-Pesa and Pagatech in Africa and a slew of alternative payment platforms in Southeast Asia, Tapp’s technology is one that the region understands well. Read More

  • Vietnam blocked access to Facebook during Obama visit

    Vietnam blocked access to Facebook during Obama visit

    This much-talked about Instagram photo wasn’t the only product of President Obama’s recent visit to Vietnam. The Southeast Asian country also cut access to Facebook while the U.S. Commander-in-Chief was on its soil. Read More

  • Report: Southeast Asia’s internet economy to grow to $200B by 2025

    Report: Southeast Asia’s internet economy to grow to $200B by 2025

    There isn’t a lot of data on the potential of technology in Southeast Asia, which is why many in the industry have been excitedly flipping through a new report released today by Singaporean sovereign wealth fund Temasek and Google. The biggest takeaway: Southeast Asia’s internet economy could be worth $200 billion annually within ten years. Read More

  • Facebook blocked in Vietnam over the weekend due to citizen protests

    Facebook blocked in Vietnam over the weekend due to citizen protests

    Facebook appears to have been blocked in Vietnam as a part of a government-imposed crackdown on social media, amid public protests over an environmental disaster attributed to toxic discharges from a steel complex built by Taiwan’s Formosa Plastics. Dissidents are blaming wastewater from the steel plant for a mass fish death at aquatic farms and in waters off the country’s… Read More

  • Retail giant Central Group is buying Zalora’s businesses in Thailand and Vietnam

    Retail giant Central Group is buying Zalora’s businesses in Thailand and Vietnam

    Zalora, the fashion-focused e-commerce site backed by Rocket Internet, is selling its businesses in Thailand and Vietnam to retailer Central Group, according to multiple sources close to the deal. We reported the planned sale earlier this month and have since confirmed that Bangkok-headquartered Central Group is the buyer. The deal is said to be agreed on in principle and currently subject… Read More