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 2021-01-08 09:06 

Tech in Asia

Lazada makes key changes in leadership for its Malaysia, Thailand operations...

The company has appointed Magnus Ekbom as acting CEO for its Malaysian operations while Jessica Liu will be its new CEO for Thailand....

 2021-01-08 06:38 

Tech in Asia

Carlyle, Warburg join $123m series D round in Chinese biotech firm Abbisko...

The company aims to advance its clinical programs and further expand its pre-clinical pipeline with the new capital....

 2021-01-08 05:53 

Tech in Asia

Australia's Limepay and Domain jointly launch a buy now, pay later venture...

The solution is currently being rolled out to more than 40 agencies across the eastern seaboard of Australia as part of its first phase....

 2021-01-08 03:48 

Tech in Asia

Indian venture debt firm BlackSoil raises $4.4m via non-convertible debentures...

The funds raised will be deployed in the mid- and growth stage across all sectors in the startup ecosystem....

 2021-01-08 03:04 

Tech in Asia

Singapore's Beenext leads $4m series A round in Indian digital payments firm...

Phi Commerce will utilize the funds to bolster its product offering, expand in existing markets, and enter new geographies....

 2021-01-08 00:30 

Tech in Asia

Kopi Kenangan saw explosive growth in 2019 and stayed profitable...

But with 2020 marred by the Covid-19 pandemic, the company is bracing for a loss....

 2021-01-07 20:30 

Tech in Asia

50 rising startups in India...

Which are the startups that are on the path to becoming the next big thing?...

 2021-01-07 11:30 

Tech in Asia

Luckin Coffee execs reportedly push for CEO Guo Jinyi's ouster...

The company was delisted from the Nasdaq in June last year, and it ousted then-chairman Lu and named Guo as the new CEO in the following month....

 2021-01-07 09:30 

Tech in Asia

The growing appeal of 'buy now, pay later'...

How 'buy now, pay later' emerged amid the pandemic and how an Indian wearables startup banked US$100 million...

 2021-01-07 09:06 

Tech in Asia

Indian merchant-focused payment app raises $8.2m in debt funding...

BharatPe plans to raise US$500 million to US$700 million in debt capital over the next two years....

 2021-01-07 06:41 

Tech in Asia

SoftBank portfolio firms' IPOs in 2021 to give Son another windfall...

Among the startups are South Korean ecommerce firm Coupang, Indonesia's Tokopedia, and Chinese ride-hailing giant Didi Chuxing....

 2021-01-07 06:14 

Tech in Asia

East Ventures leads funding in biotech startup that develops Covid-19 test kits...

Nusantics raised an undisclosed amount in series A funding and will use it to further enhance its research and development capability....

 2021-01-07 04:01 

Tech in Asia

Grab's fintech arm raises $300m in round led by Hanwha: sources...

The move suggests that Grab Financial Group would go public separately from its parent company....

 2021-01-07 03:36 

Tech in Asia

Indonesian edtech startup Zenius bags funding from Openspace Ventures, others...

The latest investment comes after the firm received US$20 million in a series A funding round led by Northstar Group last year....

 2021-01-07 03:20 

Tech in Asia

Indian agritech firm CropIn nets $20m in series C round...

The round was led by Singapore's private equity firm ABC World Asia....

 2021-01-07 02:38 

Tech in Asia

Lightspeed, Tencent, GGV join $280m round in Indian B2B ecommerce firm...

With the latest investment, Udaan has raised a total of over US$1.1 billion to date. In October 2019, it secured US$585 million in a series D round....

 2021-01-07 00:30 

Tech in Asia

Gojek suffers $17m impairment loss over Pathao investment...

According to the financial statements, the Indonesian ride-hailing decacorn holds an 18.67% stake in the Bangladeshi startup....

 2021-01-06 10:47 

Tech in Asia

Sequoia's Surge-backed edtech startup Kyt raises $5m in series A round...

The company will expand its operations to Abu Dhabi and use the Emirate as its regional headquarters for targeting the GCC, MENA, and other global markets....

 2021-01-06 10:34 

Tech in Asia

Singapore multicurrency e-wallet YouTrip partners with Visa...

YouTrip looks to expand to Malaysia and the Philippines as its next potential markets in the following six to 12 months....

 2021-01-06 09:51 

Tech in Asia

Indonesia's GrabToko reported an investor to the police for embezzlement...

Despite the similar name, GrabToko has no connection with Southeast Asian unicorn Grab....

 2021-01-06 09:30 

Tech in Asia

The online grocery wars, explained...

The online grocery war is heating up as Grab ramps up its efforts, and GoBear has ceased operations amid the Covid-19 pandemic...

 2021-01-06 08:23 

Tech in Asia

ProfilePrint raises 7-figure funding from Seeds Capital, others...

Proceeds will go toward strengthening its technology, developing its analysis solutions, and expanding its team....

 2021-01-06 07:34 

Tech in Asia

Alibaba plans to raise $5b through bond sale this month, report says...

This development comes at a time when Alibaba is being hit by an antitrust probe by a Chinese watchdog....

 2021-01-06 06:29 

Tech in Asia

Alibaba founder Jack Ma is lying low, not missing, sources say...

This comes after reports speculated over Ma's disappearance from the public eye since Chinese regulators halted Ant's IPO and began a probe into Alibaba....

 2021-01-06 04:21 

Tech in Asia

Trump to ban US transactions with Chinese apps including Alipay, WeChat Pay...

The executive order will have an impact on Tencent's QQ Wallet and WeChat Pay, CamScanner, SHAREit, VMate, and WPS Office....

 2021-01-06 00:30 

Tech in Asia

Why the time is ripe for 'buy now, pay later' in Asia...

BNPL, the unintended beneficiary of a pandemic that has accelerated digital payments and has seen ecommerce surge, is growing unfettered this year....

 2021-01-06 00:00 

Tech in Asia

Indian electronics firm BoAt banks $100m from Warburg Pincus affiliate...

The new funds will be used to manufacture its products in India and expand its research and development capabilities....

 2021-01-05 17:25 

Tech in Asia

Singapore tightens rules for virtual payment service providers offering crypto...

The new regulations are aimed at reducing the risk of cryptocurrency providers being exploited for criminal activity, a regulator said....

 2021-01-05 10:58 

Tech in Asia

Indonesian investment platform Bibit bags $30m in new money...

The round included participation from Sequoia Capital India, East Ventures, EV Growth, AC Ventures, and 500 Startups....

 2021-01-05 10:54 

Tech in Asia

Malaysian social ecommerce firm Poptron lands $1m in seed funding...

The company plans on raising US$375k in the first quarter of 2021 from crowdfunding platform PitchIN....

 2021-01-05 10:11 

Tech in Asia

Fintech firm GoBear to cease operations amid Covid-19 pandemic...

The Singaporean startup shared that it could not raise funds to continue operations as some financial products and services see weakening demands....

 2021-01-05 09:30 

Tech in Asia

The supporting cast in Indonesia's ecommerce boom...

A closer look at the industries supporting Indonesia's ecommerce growth, and what Grab wants in its merger with Gojek....

 2021-01-05 07:58 

Tech in Asia

Pinduoduo faces backlash over employee's death...

The Shanghai Municipal Human Resources and Social Security Bureau has already commenced an investigation into the company....

 2021-01-05 06:48 

Tech in Asia

Singapore-based healthtech firm Lumiere32 closes $379k venture-debt round...

The funds raised will be used to develop the company's buy now, pay later program Pay32 Wallet....

 2021-01-05 04:30 

Tech in Asia

Indian edtech firm Practically nets $4m in pre-series B round...

The newly raised funds will be used to expand company's operations throughout India in the next 12 months....

 2021-01-05 03:52 

Tech in Asia

Gojek, Tokopedia in advanced talks for merger, report says...

The combined entity will have a value of over US$18 billion should a deal materialize....

 2021-01-05 02:00 

Tech in Asia

'Suspicious transactions' behind a Singapore investment platform...

Given the stunning revelations that were uncovered, this was a story that simply couldn't wait....

 2021-01-05 00:30 

Tech in Asia

Online grocery wars: Grab challenges Lazada for dominance...

Lazada and Grab are betting on online grocery delivery. But does this mean the sector has a profitable future?...

 2021-01-04 11:47 

Tech in Asia

Grab's group revenues return to over 100% of pre-Covid numbers, president says...

Grab president Ming Maa said in a newsletter January 4 that total group net revenues for the company jumped about 70% in 2020 compared to the prior year....

 2021-01-04 11:45 

Tech in Asia

AirAsia X's founding CEO shares how the carrier navigated the 2008 financial crisis...

Azran Osman-Rani is no stranger to dealing with global crises....

 2021-01-04 11:13 

Tech in Asia

South Korea-based Mirae Asset launches India fund for early-stage startups...

The company has allotted US$35 million to back startups in their seed to series A stages through its new Mirae Asset Venture Opportunities Fund 1....

 2021-01-04 09:30 

Tech in Asia

The (bug) bounty hunters of India...

The emergence of ethical hacking in India and a primer on SPACs, aka an alternative to IPOs....

 2021-01-04 05:11 

Tech in Asia

Report: Grab CEO makes big demands in Gojek merger deal...

Tan wants significan voting power in the merged firm, veto rights over board decisions, and a say in his compensation, the report noted....

 2021-01-03 07:25 

Tech in Asia

Meet the 100 top-funded fintech companies in China...

These companies are most likely to redefine the status quo in China's financial system....

 2021-01-01 20:30 

Tech in Asia

50 rising startups in China...

Which are the startups that are on the path to becoming the next big thing?...

 2021-01-01 09:30 

Tech in Asia

The messy demise of an investment platform...

Investment platform CoAssets loaned millions of dollars from investors and is now unable to pay them back, and Jack Ma's net worth declines sharply following China's antitrust scrutiny...

 2020-12-31 11:21 

Tech in Asia

Chinese robot maker Flexiv closes over $100m series B round...

The funds raised will be used to implement its AI-driven, general-purpose robots in other areas such as services, agriculture, logistics, and medical care....

 2020-12-31 04:08 

Tech in Asia

South Korea's LG signs $9.8b deal to produce EV batteries in Indonesia...

Under the agreement, at least 70% of the nickel ore used to produce the EV batteries must be processed in Indonesia....

 2020-12-31 00:30 

Tech in Asia

The stunning rise of India's ethical hacking industry...

Young cyber enthusiasts from India are increasingly striking gold and making a recession-proof career by hunting bugs for tech giants...

 2020-12-30 09:30 

Tech in Asia

Tech in Asia's 2020 wrapped (thanks, Spotify!)...

It's been a roller coaster of a year here at Tech in Asia....

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