Asia

Japanese bitcoin exchange BitFlyer comes to Europe

 Japanese bitcoin and cryptocurrency exchange BitFlyer has expanded into Europe after it landed a payment license to operate across the EU. Data from Coinmarketcap.com shows that BitFlyer is the world’s 14th largest exchange based on volume, wit

Asia

Japan’s SmartHR raises $13.3M led by 500 Startups

 SmartHR, a startup helping Japanese employers run HR and staffing smarter — because that’s of course its name — has raised a JPY 1.5 billion ($13.3 million) Series B round led by 500 Startups Japan. The startup is perhaps comparab

Asia

Korea’s Kakao eyes overseas acquisitions following $1 billion raise

 Korea’s Kakao, the internet giant behind the country’s top messaging app, is actively seeking overseas investment opportunities after it raised $1 billion via a placement. Kakao is valued at over $7 billion and its services are used by m

Asia

Selfie app Snow, once a Snapchat clone, raises $50M from SoftBank and Sequoia China

 It’s been a while since we heard from Snow, the Snapchat clone app in Asia that Facebook once tried to buy, but today the company behind it has scooped up a $50 million investment from SoftBank and Sequoia China. Snow was started by Naver, the

Asia

Grab is adding bike-sharing to its ride-hailing service in Southeast Asia

 Grab, Uber’s chief rival across Southeast Asia, appears to be getting into bike-sharing after plans for a joint service with oBike surfaced in Singapore. Last week, an eagle-eyed resident in Singapore shared photos of Grab Cycle bikes —

Asia

Google inks patent deal with Tencent

 Google has yet more news from China after the U.S. search firm announced a patent cross-licensing agreement with Chinese tech giant Tencent. The terms were not disclosed, but Google said the tie-in with Tencent, which is valued at over $500 billion, c

Asia

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

Asia

Google is investing in Indonesia-based Uber rival Go-Jek

 Google is back investing in ride-hailing companies. The U.S. search firm and China’s Meituan-Dianping are among the tech giants set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told Tec

Asia

Storytelling app Wattpad raises $51M at a $398M valuation

 Content, as they say, is king — but these days, that may be true only for as long as you can figure out a good business model to deliver it. And today, a startup based out of Toronto, Canada is re-upping its coffers to fill out its ambition to

Asia

Didi has a brilliant plan to contain the threat of China’s bike-sharing services

 China’s Didi Chuxing unveiled its bike-sharing platform today and, as expected, it looks like a very aggressive move to protect its position. When Didi first announced its plans to offer rides from Ofo and Bluegogo inside its app, I argued that

Asia

Uber rival Grab acquires Indian startup to bulk up its mobile payment platform

 Grab, Uber’s main rival in Southeast Asia, is continuing to develop its mobile payment strategy after it announced the acquisition of India-based startup iKaaz. The deal — which is undisclosed — will see iKaaz’s engineering

Asia

Hike unbundles its messaging app to reach India’s next wave of smartphone users

 How do you compete with the world’s largest chat app in its strongest market? Hike, the Indian messaging app valued at more than $1 billion, is taking a unique approach to battling WhatsApp which involves dismantling its service, layering it on

Asia

Google moves into Shenzhen in latest China expansion

 A month after announcing plans to open its first AI lab in China, Google is expanding again through a move into Shenzhen. The U.S. tech giant has opened an office in the Chinese city, which borders Hong Kong and known for being a global hardware hub,

Asia

Apple asked to respond to China consumer group about slowing older iPhones

 Apple is now facing questions about how it slows down older iPhones in China. The Xinhua state news agency reported yesterday that the Shanghai Consumer Council has written to Apple asking it to explain the performance hit and any remedies it is offer

Asia

AngelList launches Syndicates in India

 AngelList has expanded its syndicates program to India in the latest overseas move for the US crowdfunding platform. The launch comes some 18 months after we reported that AngelList had hired Utsav Somani to launch the service and develop its busin

Asia

India’s Razorpay nabs $20M led by Tiger Global for its Stripe-like payment gateway

 E-commerce remains among the biggest tech opportunities in India, one of the world’s most populated countries whose economy continues to rapidly evolve and now has over 500 million people connecting to the Internet. And today, a startup that is

Asia

Rappler, a new media organization critical of the Philippines government, faces closure

 Rappler, a high-profile new media news organization in the Philippines, is facing closure after the Securities and Exchange Commission (SEC) revoked its registration for an alleged breach of the country’s constitution. Rappler was started

Asia

Apple’s China iCloud data migration sweeps up international user accounts

 Apple’s plan to migrate China-based iCloud user accounts to a local host on Chinese soil is already running into controversy after the iPhone-maker appeared included accounts registered overseas in the data. China-based users were informed of t

Asia

China’s Kunlun completes full buyout of Grindr

 Nearly two years to the day of its majority investment in Grindr, China-based tech firm Kunlun Group has fully acquired the gay dating app. Grindr is among the, if not the, world’s most popular LBQT dating app with a claimed 3.3 million daily u

Asia

Chat app Line is reportedly considering its own cryptocurrency

 Tickets please, the next crypto train is about to depart. Japan-based messaging app Line is said to be the latest public company to consider a move into the blockchain and cryptocurrencies, according to a Bloomberg report. Unlike some of the more obsc

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