Asia

Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing – TechCrunch

Didi Chuxing, China’s greatest ride-hailing corporate, has pulled in some strategic capital after Booking Holdings invested $500 million into its trade. The deal will see Booking Holdings — which was once previously referred to as Priceline — paintings intently with Didi to provide its on-demand automotive products and services thru its Booking.com apps by means […]

ClassPass is headed to Asia via an imminent launch in Singapore – TechCrunch

U.S health startup ClassPass is headed to Asia after it introduced plans to move are living in Singapore, its first town in the continent. Four-year-old ClassPass lets in its customers to ebook health categories and programs throughout a large number of gyms. The corporate claims to paintings with greater than 10,000 health companions throughout over 50 […]

WeWork’s biggest rival in China is on an acquisition spree – TechCrunch

WeWork can have blended forces with its fiercest rival in China, Naked Hub, in a contemporary merger, however its new enemy numero uno in the rustic is additionally build up a roster of buddies via competitive M&A. Ucommune is probably not spending the type of money WeWork China did — it reportedly spent $400 million to […]

Hong Kong’s GoGoVan raises $250M from investors including Alibaba’s logistics subsidiary – TechCrunch

Logistics on-demand carrier GoGoVan changed into Hong Kong’s first billion-dollar startup by means of a merger remaining 12 months, and now’s doubling down on expansion after elevating $250 million in new capital. The new spherical was once led via InnoVision Capital, with participation from the Russia-China Investment Fund, Hongrun Capital and Qianhai Fund of Funds. Two […]

Restaurant booking startup Eatigo chows down ~$10M more from TripAdvisor – TechCrunch

Eatigo, a Southeast Asia-based eating carrier that describes itself as an ‘anti-Groupon’ for eating places, had a hectic 2017 that noticed it make bigger into numerous markets together with India. Now it’s primed to proceed that enlargement additional nonetheless after it devoured down a contemporary serving of capital from TripAdvisor, the trip large that it already […]

Golden Equator Capital and Korea Investment Partners announce $88M Southeast Asia fund – TechCrunch

There’s extra money flowing into Southeast Asia’s tech startup scene after Singapore’s Golden Equator Capital and Seoul-based Korea Investment Partners introduced plans for a collaborative $88 million (SG$120 million) fund for the area. The two funding corporations will act as joint companions for the automobile, which is anticipated to hit a primary shut prior to September […]

Xiaomi’s former head of international Hugo Barra lands IPO windfall – TechCrunch

Xiaomi’s IPO in Hong Kong won’t had been the spoil hit that the corporate was once hoping for, however the record is a big monetary windfall for one former worker: Xiaomi’s ex-head of international Hugo Barra. Barra joined Xiaomi in 2013 from Google, the place he have been a senior government in price of Android, however he […]

Aspire Capital offers fast finance for SMEs in Southeast Asia – TechCrunch

Southeast Asia’s virtual financial system is tipped to develop greater than six-fold to succeed in greater than $200 billion consistent with yr, in line with a document co-authored by means of Google, with e-commerce accounting for the dominant percentage. The emergence of e-commerce platforms like Alibaba’s Lazada and U.S.-listed Shopee have enabled on-line entrepreneurship around the […]

Tesla reaches deal to build electric vehicle factory in China – TechCrunch

Tesla has reached a deal with the Shanghai govt to build a factory in a position to generating 500,000 electric automobiles a 12 months. The factory will be the automaker’s 2nd meeting plant and aimed toward serving the alluring Chinese marketplace. Tesla and the Shanghai Municipal People’s Government introduced Tuesday that they had signed the […]

Musk’s mini sub “not practical” for Thai cave boys rescue – TechCrunch

Billionaire SpaceX founder Elon Musk tweeted on the weekend to mention he used to be running with cave professionals to construct a mini submarine out of rocket portions that he concept may just lend a hand a rescue effort to unfastened 12 boys and their football trainer trapped for weeks in a flooded underground cave complicated […]