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

Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai

 Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the Singapore-based firm raised a massive $2 bil

Asia

South Korea may or may not ban bitcoin exchanges and that’s the news

 The price of bitcoin and other cryptocurrencies dropped significantly today off the back of ‘news’ that South Korea’s government might ban trading exchanges. As ever in the world of crypto, the slightest ripple of information can b

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

Asia

Alibaba will consider listing its affiliate companies in Hong Kong

 Last year I wrote that Hong Kong is increasingly becoming a destination for tech IPOs, and the country just got a major boost after Alibaba chairman Jack Ma said the company is exploring the possibility of listing one or more of its affiliate business

Asia

WeWork banks on a local approach and Powered By We to crack Southeast Asia

 WeWork charged into Asia two years ago but it finally moved into Southeast Asia in the second half of 2017 through the acquisition of SpaceMob and the opening of its first space in Singapore — which became number 200 worldwide. Now, the c

Asia

The US government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial

 The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal. Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobil

Asia

Fast-growing Chinese media startup ByteDance enters 2018 with some uncertainty

 One of the fastest rising Chinese startups of last year had a bumpy ride into 2018 after falling foul of China’s internet censors for the first. ByteDance, the new media firm behind news app Toutiao and the owner of Musical.ly courtesy of a $1

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