Asia

Korea’s Naver backs Southeast Asia-based e-commerce startup iPrice – TechCrunch

iPrice, an e-commerce aggregation provider in Southeast Asia, has landed a strategic funding from Naver, the Korean web massive valued at over $21 billion, as a part of a follow-on to the startup’s $four million Series B from May. There’s in reality a powerful connection round that fresh spherical. It used to be led by means […]

Apple cracks down on gambling apps in China – TechCrunch

Apple is cracking down on unlawful content material in China after it got rid of probably hundreds of apps associated with gambling. The Wall Street Journal reported that the U.S. phone-maker purged as many as 25,000 apps — that’s a determine that used to be first cited via state-owned broadcaster CCTV [link in Chinese]. Apple […]

Walmart completes its $16 billion acquisition of Flipkart – TechCrunch

Walmart introduced over the weekend that it has finished a $16 billion funding in Flipkart that sees it turn out to be the bulk proprietor of the Indian e-commerce corporate. The deal used to be first published again in May and now it has closed after receiving the essential approvals. It sees Walmart take a 77 […]

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

SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn thru its newest funding, which might take the corporate — which has struggled for balance following a monster IPO final 12 months — into international markets. The Vision Fund introduced as of late it has made an undisclosed funding in ZhongAn International, the international arm of the five-year-old corporate […]

Gaming in Asia may be crypto’s killer dApp – TechCrunch

As cash and skill flows into the crypto and blockchain worlds, a continual query helps to keep arising: what’s going to be the “killer app” that drives adoption for those nascent applied sciences? The resolution may properly be relatively easy: gaming in Asia. That’s the speculation for Cryptokitties, the notable purveyor of lovable cats. The corporate […]

Sino-US investment firms are targeting over $four billion for new funds launched this year – TechCrunch

As restricted companions more and more call for larger publicity to rising marketplace alternatives, challenge capital firms with a focal point on Asia are bulking up their funds and chasing offers in an more and more aggressive race to possess stakes within the subsequent era of native startups with world aspirations. Over the ultimate year, […]

Messaging firm Line launches a dedicated crypto fund – TechCrunch

Messaging corporate Line is constant to burrow deep into the crypto house after it introduced the release of a $10 million funding fund. The fund can be operated via Line’s Korea-based blockchain subsidiary Unblock Corporation, which is tasked with analysis, schooling and different blockchain-related services and products. The fund can be referred to as Unblock Ventures […]

Asian investors have plenty of money, a hearty appetite for investments and a different approach to doing deals – TechCrunch

Daniel Zimmermann Contributor Daniel Zimmermann navigates rising firms and tech startups via advanced company transactions, financings and enterprise era issues. The VC panorama has been moving radically prior to now few years as Asian investors pump money into startups. Last 12 months, Asian VCs invested 40 p.c of the $154 billion in world enterprise financing, […]

Chinese internet giant Tencent suffers a rare profit drop – TechCrunch

Tencent, Asia’s most beneficial tech company, delivered a marvel drop in profit as a result of decrease funding positive aspects. The company recorded robust expansion with earnings up 30 % year-on-year to achieve 73.7 billion RMB ($10.7 billion) in Q2 2018. But web profit slipped through two % every year to achieve 17.nine billion RMB, or […]

Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia – TechCrunch

Uber agreed to promote its Southeast Asia industry in March, however it isn’t leaving the area. In reality, the U.S. company is doubling down with plans to greater than double its personnel in Singapore. That’s proper. Uber is lately in the midst of a primary recruitment pressure that may see Singapore, the primary town it […]