Asia

Struggling e-commerce firm LightInTheField completes $85M deal for Singapore’s Ezbuy – TechCrunch

Southeast Asia is a rising virtual market and an increasing number of a focal point for startups internationally however there haven’t been many exits. So it’s notable, then, that suffering Chinese bargain e-commerce provider LightInTheField has closed its acquisition of Singapore-based Ezbuy, which operates a cross-border promoting provider in Singapore, Malaysia, Indonesia, Thailand and Pakistan. The all-stock […]

A Chinese ecommerce app that lures grocery shoppers with cash just raised $100M in Series B – TechCrunch

There is not any scarcity of up-and-comers jostling for a place in China’s huge ecommerce business, and oftentimes they pick out a distinct segment marketplace and provide a unique trade style other from the status quo of Alibaba or JD.com . Chinese social ecommerce app Fresh Buddy introduced on Tuesday that it has raised $100 million in […]

Walmart partners with Rakuten to open its first e-commerce store in Japan – TechCrunch

Walmart is constant its technique of revamping its companies in Asia after the U.S. retail massive opened its first e-commerce store in Japan, the place it’s operating with native retail massive Rakuten. The corporations first introduced a collaboration in January once they agreed to staff up at the release of a web based grocery provider in […]

China’s JD.com teams up with Intel to develop ‘smart’ retail experiences – TechCrunch

Months after it landed a big $550 million funding from Google, China’s JD.com — the rustic’s 2d highest-profile investor in the back of Alibaba — has teamed up with every other U.S. tech massive: Intel. JD and Intel stated lately that they are going to set up a “lab” interested by bringing internet-of-things era into […]

Tencent Music sued by investor ahead of $1.2 billion US IPO – TechCrunch

China’s greatest song streaming carrier has had a whirlwind 12 months. With 800 million per thirty days customers throughout more than one apps and a successful industry, Tencent Music Entertainment is gearing up for one of this 12 months’s maximum expected preliminary public choices within the US. But the company has landed in scorching water […]

Tencent-backed fleet manager G7 racks up $320M in funding – TechCrunch

A large funding spherical is poised to warmth up a race to automate China’s logistics infrastructure. Beijing-based fleet control corporate G7 introduced on Monday that it has banked $320 million to power technological construction, bringing its overall capital raised to round $500 million. G7, which runs a proprietary attached platform for vans, shippers, fleet manager and […]

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

South Korea has were given its 3rd unicorn startup after Viva Republica, the corporate past widespread fee app Toss, introduced it has raised an $80 million spherical at a valuation of $1.2 billion. This new spherical is led by means of U.S. corporations Kleiner Perkins and Ribbit Capital, either one of which reduce their first exams […]

Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia – TechCrunch

Southeast Asian ride-hailing company Grab has made its maximum bold funding to date after it sponsored India-headquartered budget hotel community OYO to the song of $100 million. The funding used to be a part of a $1 billion Series E spherical led via SoftBank’s Vision Fund that closed again in September. The deal used to be […]

TikTok parent ByteDance said to raise $1.45 billion for AI and content – TechCrunch

ByteDance, the Chinese corporate at the back of the immensely widespread video app TikTok, is in talks to raise $1.45 billion for a brand new fund, The Information reported on Friday mentioning resources. The contemporary automobile will lend a hand energy synthetic intelligence and media content for the $75 billion startup, which reportedly leapfrogged Uber’s valuation after elevating […]

From rejecting Alibaba’s advances to US IPO – TechCrunch

Mogu, a Tencent-backed carrier that provides type content material and merchandise to younger girls, has joined a string of Chinese tech corporations urgent forward to promote their stocks thru preliminary public choices within the US earlier than the year-end. Mogu priced its sale at $14 consistent with percentage on Wednesday, towards the decrease finish of […]