Posts filtered by tags: Asia[x]


Hit game PUBG Mobile returns to India with scores of questions

Krafton, which filed for an IPO earlier this week, has built a gigantic gaming empire. If the firm is able to raise the target $5 billion from the IPO it will be the largest public offering in its home country, South Korea. The firm has something to celebrate elsewhere in the world, too. On Thursday, it pulled off another feat that no other firm has been able to achieve: Its sleeper hit title, PUBG Mobile, has made a return to India, which banned the title more than nine months ago. The world’s ...
Tags: Apple, Google, TC, Gaming, Apps, Asia, South Korea, China, Ipo, India, Tech, Alibaba, Tencent, Mobile Gaming, New Delhi, South Asia

Co-living startup Habyt closes $24M Series B, merges with Homefully

When WeWork appeared, other entrepreneurs looked at the model and thought that if you could apple co-working to property, then why not apply co-living. Thus, in the US, Common appeared, as did Hmlet in Asia. Imn the EU, Habyt launched, but has already gobbled-up its competitors Quarters, Goliving, and Erasmo’s Room. It’s now closed a series B round of €20M / $24M, and merged with another competitor, Homefully, founded by Sebastian Wuerz in 2016. The round was backed by HV Capital (formerly Holtz...
Tags: TC, Asia, Europe, Housing, France, Berlin, US, Tech, European Union, Ceo, Economy, United States, Italy, Sharing Economy, WeWork, Madrid

Self-driving trucks startup Kodiak Robotics snags investment, partnership from Bridgestone

Tire-making giant Bridgestone has taken a minority stake in Kodiak Robotics, the Silicon Valley-based startup developing autonomous trucks, as part of a broader partnership to test and develop smart tire technology. While the terms of the deal weren’t disclosed, Kodiak Robotics co-founder and CEO Don Burnette told TechCrunch that this is a direct financial investment. Bridgestone CTO Nizar Trigui has also joined the Kodiak board as an observer. The deal involves more than capital. The two compan...
Tags: Transportation, Asia, Tech, Automotive, Dallas, Silicon Valley, Autonomous Vehicles, Houston, Self-driving Trucks, Kodiak, BRIDGESTONE, Mountain View California, Burnette, Don Burnette, Kodiak Robotics, Bridgestone CTO Nizar Trigui

IKEA furniture is still stuck on the Ever Given alongside $550,000 worth of wearable blankets, 2 months after the ship was freed from the Suez Canal

Businesses are still waiting for their products stuck on the Ever Given ship Ahmad Hassan / AFP via Getty Images IKEA and Lenovo are among the companies with products stuck on the Ever Given ship in the Suez Canal, CNN reported. Snuggy, a small UK retailer, said it had $550,000 worth of wearable blankets on the vessel. Egypt has impounded the ship as a $600 million compensation battle draws out. See more stories on Insider's business page. IKEA and Chinese tech manufacturer Lenovo a...
Tags: Asia, Europe, UK, Trends, Cnn, Egypt, Ikea, Lenovo, Griffiths, Suez Canal, SCA, Boskalis, Suez Canal Authority SCA, Jack Griffiths, Great Bitter Lake, Getty Images Ikea

Apna raises $70 million to help workers in India secure jobs

Indian cities are home to hundreds of millions of low-skilled workers who hail from villages in search of work. Many of them have lost their jobs amid the coronavirus pandemic that has slowed several economic activities in the world’s second largest internet market. Apna, a startup by an Apple alum, is helping millions of such blue and gray collar workers upskill themselves, find communities and land jobs. On Wednesday it announced its acceptance by the market has helped it raise $70 million in ...
Tags: Apple, Apps, Asia, India, Funding, Tech, Shadowfax, Parikh, Griffin Schroeder, Nikhil Sachdev, Apna, Parikh Apna, Nirmit Parikh

FamPay, a fintech aimed at teens in India, raises $38 million

How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out. Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round, which brings FamPay’s to-date raise to $42.7 million. TechCru...
Tags: Startups, TC, Apps, Y Combinator, Asia, Instagram, Finance, India, Funding, Tech, Netflix, General Catalyst, Global Founders Capital, Bangalore, Greenoaks Capital, Jain

Chinese startup plans to launch a driverless robotaxi service in California in 2022, the robotaxi startup that operates in China and the United States, has started testing driverless vehicles on public roads in California ahead of plans to launch a commercial service there in 2022. The company said the driverless vehicle testing, which means the autonomous vehicles operate without human safety drivers behind the wheel, is happening daily on public roads in Fremont and Milpitas, California. is also testing its driverless vehicles in Guangzhou, China. said...
Tags: TC, Transportation, Asia, California, China, Tech, Cruise, Automotive, United States, Electric Vehicles, DMV, Toyota, Autonomous Vehicles, Baidu, Guangzhou, FREMONT

Kai-Fu Lee’s Sinovation bets on Linux tablet maker Jingling in $10M round

Kai-Fu Lee’s Sinovation Ventures has its eyes on a niche market targeting software developers. In April, the venture capital fund led a $10 million angel round in Jingling, a Chinese startup developing Linux-based tablets and laptops, TechCrunch has learned. Other investors in the round included private equity firm Trustbridge Partners. Jingling was founded only in June 2020 but has quickly assembled a team of 80 employees hailing from the likes of Aliyun OS, Alibaba’s Linux distribution, Thunde...
Tags: Apple, Android, Ipad, TC, Gadgets, Motorola, Asia, Europe, Hardware, Microsoft, China, Funding, Tech, Beijing, United States, Linux

World Shares Mostly Higher After S&P Hits New Record Close

Shares are mostly higher in Europe and Asia after gains in several big-name tech companies including Apple helped nudge the S&P 500 to another record high.
Tags: Apple, Asia, Europe

Golden Gate Ventures forecasts a record number of exits in Southeast Asia

Despite the pandemic’s economic impact, Southeast Asia’s startup ecosystem has proven to be very resilient. In fact, a new report from investment firm Golden Gate Ventures predicts a record number of exits will happen in the region over the next couple of years, thanks to factors like a maturing ecosystem, more secondary buyers and the emergence of SPACs. The firm’s comprehensive “Southeast Asia Exit Landscape Report 2.0,” is a followup to a previous report published in 2019. Here are some highl...
Tags: Fundings & Exits, Startups, TC, Asia, New York, Southeast Asia, Singapore, US, Tech, United States, Silicon Valley, New York Stock Exchange, Golden Gate Ventures, Gojek, SPAC, INSEAD

Asian Shares Mixed After Tech Giants Nudge S&P to New High

Shares are mixed in Asia, with Chinese markets losing ground, after gains in several big-name tech companies including Apple helped nudge the S&P 500 to another record high.
Tags: Apple, Asia

Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2

Carro, one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants include insurance giant MSIG and Indonesian-based funds like EV Growth, Provident Growth and Indies Capital. About 90% of vehicles sold through Carro are secondhand, and it offers services that cover the entire lifecycle of a car, from maintenance to when it is broken down and recycled for parts. Founde...
Tags: Fundings & Exits, Startups, TC, Asia, Indonesia, Southeast Asia, Singapore, Tech, Thailand, United States, Malaysia, Used Cars, TechCrunch, Nairobi, Aaron, GEICO

The Station: Robotaxi apps on the rise, an AI pioneer’s new startup and mobility event highlights

Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. Welp, the mobility event is over and we had loads of interesting interviews and anyone with an Extra Crunch subscription can access the videos. For instance, Rita Liao moderated a panel with executives from three Chinese robotaxi companies — WeRide, AutoX and Momenta — that also test and develop in Europe and the United States. One inter...
Tags: Google, Transportation, Asia, Twitter, Europe, Indonesia, California, Senate, White House, China, Russia, Softbank, America, Tech, Tesla, Bloomberg

UBS investment makes Byju’s the most valuable startup in India

Edtech giant Byju’s has become the most valuable startup in India after raising about $350 million in a new tranche of investment from UBS Group and Zoom founder Eric Yuan, Blackstone and others that valued the Bangalore-based firm at $16.5 billion (post-money). In a new filing, Byju’s revealed that scores of investors including Abu Dhabi government fund ADQ and Phoenix Rising had together invested about $350 million in the startup. The new valuation helps Byju’s surpass Paytm, which was last va...
Tags: Asia, Education, India, Funding, Tech, Ubs, Abu Dhabi, Bangalore, Paytm, UBS Group, Byju, Phoenix Rising, B Capital Group, Byju's, Eric Yuan Blackstone

Temasek and General Atlantic in talks to back Indian neobank Open

Bangalore-based neobank Open is in advanced stages of talks to raise about $100 million, according to two sources familiar with the matter. Temasek, the Singaporean government’s sovereign wealth fund, and General Atlantic are positioning to co-lead the Series C financing round, which values the Indian startup at pre-money $600 million, the sources told TechCrunch, requesting anonymity as the matter is private. Open was valued at about $150 million in its Series B funding round two years ago. Exi...
Tags: Google, Amazon, Asia, India, Funding, Tech, Bank Of America, Paypal, Atlantic, Tiger Global, Fintech, General Atlantic, Temasek, Open, Economic Times, HDFC Bank

Tiger Global in talks to invest in Classplus at over $250 million valuation

Tiger Global is in talks to lead a $30 million round in Indian edtech startup Classplus, according to sources familiar with the matter. The new round, which includes both primary investment and secondary transactions, values the five-year-old Indian startup at over $250 million, two sources told TechCrunch. The new round follows another ~$30 million investment that was led by GSV recently, one of the sources said. The round hasn’t closed, so terms may change. Classplus — which has built a Shop...
Tags: Apps, Asia, Education, India, Funding, Tech, Tiger Global, Blume, AWI, Sourav Ganguly, GSV, Falcon Edge, RTP Global, Classplus, Mukul Rustagi, Rustagi

Catch all the big plays with sports web stories

Aren’t able to catch the game and watch your favorite team live? We've all been there before. But now, when you come to Google looking for the latest updates on your favorite team or game scores from around the league, with Google Web Stories you can also instantly catch up on the big moments and in-game action you might have missed. And with the start of UEFA EURO 2020 just around the corner, football fans in countries across Europe, Africa and Asia can also get in on the action — just search f...
Tags: Google, Asia, Search, Mlb, Uefa, Major League Baseball, Europe Africa, Ethan Bar Yehuda

SoftBank, Uber, Tencent set to reap rewards from Didi IPO

After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing for the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng Wei, Didi’s 38-year-old founder owns 7% of the company’s shares and controls 15.4% of its voting power before the IPO, according to the prospectus. Major shareholder SoftBank Vision ...
Tags: Transportation, Uber, Asia, China, Softbank, Funding, Tech, Automation, Transport, Tencent, Brazil, Robotics, Carsharing, Reuters, Robotaxi, Didi

Corporate services “super app” Osome lands $16M Series A

Osome, a startup that combines multiple corporate services for SMEs into one “super app,” has raised a $16 million Series A. The round included returning investors Target Global, AltaIR Capital and Phystech Ventures, and new backers S16VC and venture capitalist Peng T. Ong, who joined as an angel investor. The Singapore-based startup’s last funding round was $3 million announced in November. Its Series A brings Osome’s total funding since it was founded in 2017 to $24.5 million. It now claims to...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, Southeast Asia, Singapore, Tech, United Kingdom, Accounting, SMEs, Lysenko, Corporate Services, Peng T Ong, Osome, Victor Lysenko

Nexford University lands $10.8M pre-Series A to scale its flexible remote learning platform

Two profound problems face the higher education sector globally — affordability and relevance. Whether you live in Africa, Europe, or the U.S., a major reason why people don’t go to university or college or even drop out because they cannot afford tuition fees . On the other hand , relevance shows the huge gap between what traditional universities teach and what global employers actually look for. It’s not a secret that universities focus a bit too much on theory. Over the past few yea...
Tags: Asia, Microsoft, Big Data, Saudi Arabia, Nigeria, Africa, Tech, Dubai, Ibm, Sterling, Africa Europe, Fadl, Nexford University, Sterling Bank, Future Africa, VC Global Ventures

Tech stock futures slip as investors brace for a jump in inflation, while bitcoin rebounds after sharp drop

Investors and traders were bracing for key inflation data on Thursday. Johannes Eisele/AFP via Getty Images Tech stock futures slipped on Thursday as investors braced for key US inflation data. US CPI data is expected to show that prices jumped 4.7% in May from 4.2% in April. Bitcoin rebounded after its recent sharp drop, after El Salvador accepted it as legal tender. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Tech stock futures slipped on Wall Street on Thur...
Tags: Asia, Europe, Japan, China, US, Trends, Tech, European Central Bank, Treasury, Deutsche Bank, US Treasury, El Salvador, Federal Reserve, Dow Jones, Fed, UBS Wealth Management

BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater

BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital. The Jakarta-based startup claims this is the largest Series A round ever raised by a startup focused on services for MSMEs. BukuWarung did not disclose its valuation, but sources tell TechCrunch it is estimated to be between $225 m...
Tags: Fundings & Exits, Startups, TC, Apps, Asia, Indonesia, Finance, Southeast Asia, India, Softbank, Tech, E-commerce, Jakarta, Valar Ventures, Indonesia Singapore, Gokul Rajaram

A revival at the intersection of open source and open standards

Guy Martin Contributor Share on Twitter Guy Martin is the executive director of OASIS Open, one of the most respected nonprofit standards organizations in the world. He brings more than 25 years of experience as both a software engineer and an open-source strategist to OASIS Open, where he helps the organization realize the tremendous advantage in integrating the best of open-standards and open-source communities. Our world ha...
Tags: TC, Open Source, Column, Asia, California, Tech, Open Source Software, United States, Ibm, Standards, Cto, TCP, Ferris, Guy Martin, International Organization for Standardization ISO, Interoperability

Joby Aviation eyes Asia and Europe as early markets alongside North America

While electric vertical take-off and landing passenger aircraft startup Joby Aviation is targeting North America for its initial commercial launch, founder and CEO JoeBen Bevirt expects the company to have an early presence in Asia and Europe as well. Bevirt, who joined the TC Sessions: Mobility 2021 on June 9, didn’t give away the first location; although recent announcements suggest it is narrowed down to Los Angeles, Miami, New York and the San Francisco Bay Area. But he did weigh in on what ...
Tags: Startups, Transportation, Asia, Europe, Linkedin, Tech, Zynga, Toyota, North America, Faa, San Francisco Bay Area, SPAC, Joby, Los Angeles Miami New York, Bevirt, Evtol

Whale That Travelled Halfway Around the World Sets Migration Record

Between May and July of 2013, a single grey whale (Eschrichtius robustus) was spotted off the coast of Namibia. This was odd, as while there have been rare sightings of this species in the Atlantic Ocean, they are usually confined to the northern hemisphere. From a report: It turns out the animal had travelled at least 20,000 kilometres (12,427.4 miles) -- halfway around the planet -- setting a record for a migration of any mammal, barring humans. Rus Hoelzel at Durham University in the UK and h...
Tags: Asia, UK, Tech, Namibia, Atlantic Ocean, Durham University, North Pacific, north west Pacific, Rus Hoelzel, Atlantic Earth, Hoelzel

Biden revokes and replaces Trump actions targeting TikTok and WeChat

President Joe Biden signed an executive order revoking actions targeting TikTok and WeChat signed by former President Donald Trump, according to a statement released by the White House on Wednesday. President Biden signed a new order instead requiring the Commerce Department to review apps with ties to “jurisdiction of foreign adversaries” that may pose national security risks. The “increased use in the United States of certain connected software applications designed, developed, manufactured, o...
Tags: Google, Facebook, Asia, Government, Nsa, White House, China, US, Tech, Joe Biden, United States, Commerce, Tencent, Biden, Donald Trump, Trump

Refyne raises $20.1 million to help workers in India get faster access to wages

A young Indian startup that is betting that earned wage access solutions will take off in the South Asian nation said on Wednesday it has closed a new round from high-profile investors. Bangalore-based Refyne said on Wednesday that it has raised $16 million in Series A from partners of DST Global and RTP Global. The one-year-old startup also disclosed that it raised a $4.1 million seed round in December from Jigsaw VC and QED Investors and XYZ Capital, all of whom also participated in the new ro...
Tags: Asia, Finance, India, Funding, Tech, DST Global, QED Investors, Bangalore, McDonald, South Asian, Sharma, Nigel Morris, Refyne, RTP Global, Earned Wage Access, Chitresh Sharma

Wagely, an Indonesian earned wage access and financial services platform, raises $5.6M

Wagely founders (from l to r): Tobias Fischer, Sasanadi Ruka and Kevin Hausburg Earned wage access (EWA) platforms that allow workers to withdraw their earnings on demand instead of waiting until payday are proliferating around the world. Today, Indonesian EWA startup wagely announced it has raised $5.6 million in strategic funding, led by Integra Partners (formerly known as Dymon Asia Ventures). Other investors included the Asian Development Bank (ADB) Ventures, PT Triputra Investindo Arya, ...
Tags: Fundings & Exits, Startups, TC, Asia, Indonesia, Southeast Asia, Tech, Mexico City, Financial inclusion, Financial Services, Fischer, Ewa, Ruka, Dymon Asia Ventures, Tobias Fischer, Wagestream

Europe's AI Rules Open Door To Mass Use of Facial Recognition, Critics Warn

The EU is facing a backlash over new AI rules that allow for limited use of facial recognition by authorities -- with opponents warning the carveouts could usher in a new age of biometric surveillance. From a report: A coalition of digital rights and consumer protection groups across the globe, including Latin America, Africa and Asia are calling for a global ban on biometric recognition technologies that enable mass and discriminatory surveillance by both governments and corporations. In an ope...
Tags: Asia, Europe, Tech, Eu, Latin America Africa, Daniel Leufer

FBI and Australian Police Ran an Encrypted Chat Platform To Catch Criminal Gangs

The FBI and Australian Federal Police ran an encrypted chat platform and intercepted secret messages between criminal gang members from all over the world for more than three years. From a report: Named Operation Ironside (AFP) / Trojan Shield (FBI, Interpol) on Monday, law enforcement agencies from Australia, Europe, and the US conducted house searches and arrested thousands of suspects across a wide spectrum of criminal groups, from biker gangs in Australia to drug cartels across Asia and Sout...
Tags: Asia, Europe, Australia, US, Tech, Fbi, South America, Australian federal police, Australia Europe, FBI Interpol, Anom

show more filters
April - 2021
May - 2021
June - 2021