Asia

Nintendo’s annual profit rockets by 500% after selling 15M Switch consoles – TechCrunch

Nintendo has introduced spectacular monetary effects due to sturdy gross sales its Switch console, and a brand new CEO for its trade. Operating profit rose by an enormous 505 % to succeed in 178 billion yen ($1.6 billion) over the past monetary yr. Revenue was once additionally up by an outstanding 116 % to hit 1.06 trillion […]

Chinese smartphone shipments drop 21% to reach lowest level since 2013 – TechCrunch

Analysts have long-warned of a enlargement crunch in China’s smartphone area, and it’s taking a look like that’s very a lot the case at this time. China’s smartphone enlargement has been the feel-good tale for home OEMs who’ve clocked spectacular figures because the billion-plus inhabitants has rushed on-line by means of cellular units. However, the […]

Asia-based recruitment app GetLinks nabs investment led by Alibaba’s Hong Kong fund – TechCrunch

GetLinks, a Thailand-based startup that provides a task finder app in six nations Southeast Asia and neighboring areas, has closed new investment led by Australia’s Seek crew and Alibaba’s Hong Kong Entrepreneur fund. The dimension of the investment was once no longer disclosed. GetLinks in the past raised $500,000 in 2016, and it later added […]

Y Combinator is going after Chinese startups with its first official event in China – TechCrunch

High-profile U.S. startup accelerator Y Combinator is creating a push to deliver extra China-based startups into its program after it introduced its first official event in the rustic. YC has made a push to incorporate startups from out of doors of North America in contemporary years. That has noticed it deliver in corporations from the […]

Early Go-Jek investor NSI Ventures goes independent and rebrands to Openspace – TechCrunch

NSI Ventures, the Singapore-based VC company affiliated with PE company Northstar Group that invested early in ride-sharing unicorn Go-Jek, goes independent after it introduced it has rebranded to Openspace Ventures. NSI Ventures used to be began by way of Hian Goh, an entrepreneur who bought his startup Asia Food Channel in 2013, and finance exec Shane Chesson in […]

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

Another contender is throwing its hat into the hoop to exchange Uber in Southeast Asia after India’s Jugnoo, a startup that focuses on providing autorickshaws on-demand in India, published it plans to input Singapore. Uber introduced its go out from Southeast Asia final month in a deal that sees Grab purchase its regional industry, and […]

Former Google China head targets AI opportunities with new $900M Sinovation fund – TechCrunch

Sinovation Ventures, one among China’s distinguished finances which is helmed by way of former Google China head Kaifu Lee, has introduced a new funding fund that’s focused at a complete lift of $900 million. This latest fund is the company’s fourth, and it guarantees to be its biggest so far. Sinovation is a bit other from different […]

Grab’s acquisition of Uber Southeast Asia drives into problems – TechCrunch

The long-rumored Grab acquisition of Uber’s Southeast Asia trade is also professional now, however it’s a ways from whole. In truth, what must be a celebratory coming-of-age second for the Southeast Asian native champion is threatening to turn into nightmarish because of chronic regulators, panicky Uber workforce and reluctant drivers who are meant to transfer […]

Despite IPO surge, Hong Kong investors aren’t tech savvy, warns Razer CEO – TechCrunch

Xiaomi and Ant Financial are two of a cluster of main tech names being related with IPOs in Hong Kong. But, in spite of a burst of upcoming tech listings and new measures which might be tipped to inspire extra, the rustic nonetheless has some approach to pass to compare the U.S. as a vacation […]

Alibaba is bringing its smart assistant to cars from Daimler, Audi and Volvo – TechCrunch

Alibaba is leaping in the back of the wheel after it introduced that Daimler, Audi and Volvo will deliver its voice assistant to their automobiles. The assistant — Tmall Genie — is scheduled to move into cars “in the near future.” When it does, Alibaba stated it’s going to allow drivers to take a look at gas ranges, […]