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Posts filtered by tags: Asia[x]


 

Sequoia reveals first cohort for its ‘Surge’ accelerator program in India and Southeast Asia

Back in January, Sequoia India announced plans for its first early-stage startup accelerator program in India and Southeast Asia, and today the firm revealed the first cohort of 17 startups. To recap, the program — which is called Surge — gives each startup a $1.5 million check and participation in a four-month program that’s split across India and Singapore, as well as the wider Sequoia global presence in China and San Francisco. The program kicked off last month, but the startups were only unv...
Tags: Asia, Funding, Fundings & Exits, Bangladesh, Business, Companies, E-commerce, Economy, Education Startup, Entrepreneurship, Executive, Facebook, India, Indonesia, Meesho, Private Equity


First Japan-Built Airliner In 50 Years Takes On Boeing and Airbus

An anonymous reader quotes a report from Bloomberg: More cities in Asia and Europe are seeking to link up with each other and the global air travel network. The Mitsubishi Regional Jet, the first airliner built in Japan since the 1960s, began certification flights last month in Moses Lake, Washington, to satisfy that demand. Mitsubishi Heavy Industries Ltd.'s new airliner is testing the skies just as rivals are moving to sell off their manufacturing operations for jets with up to 160 seats. Boei...
Tags: Asia, Europe, Japan, Tech, Bloomberg, Airbus, Boeing, Bombardier, Embraer SA, MRJ, Mitsubishi Heavy Industries Ltd, Moses Lake Washington, Mitsubishi Aircraft, First Japan Built Airliner, Japan Aircraft Development Corp, Boeing Mitsubishi Heavy


Amazon China to close local marketplace and place more focus on cross-border

Amazon has finally given up the fight with Chinese online shopping giants to capture the domestic market. On Thursday, the Seattle-based ecommerce company announced it will shut down its marketplace on Amazon.cn, which connects mainland Chinese buyers and sellers, while other units of its local venture will stay intact. “We are working closely with our sellers to ensure a smooth transition and to continue to deliver the best customer experience possible,” an Amazon spokesperson told TechCrunc...
Tags: Amazon, Ecommerce, Asia, Japan, China, India, Kindle, Africa, Supply Chain, Tech, Bloomberg, E-commerce, Companies, United States, Alibaba, Amazon China


Starbucks challenger Luckin’s fundraising spree continues with $150M investment

Coffee startup Luckin is continuing its fundraising spree as it sets its sight on becoming an alternative to Starbucks in China. The a-year-and-a-half old company announced on Thursday that it closed a Series B-plus raise totaling $150 million. The fresh proceeds valued Luckin at $2.9 billion post-money, up from $2.2 billion just four months ago. While many question Luckin’s cash-fueled expansion, Blackrock, which owns a 6.58 percent stake in Starbucks, shows its confidence in the Chinese sta...
Tags: Food, Drinks, Asia, New York, China, Singapore, Funding, Tech, Alibaba, Food And Drink, Starbucks, Alibaba Group, Blackrock, GIC, iResearch, Luckin Coffee


Consumers get another digital home health offering as Tyto Care and Best Buy launch TytoHome

Best Buy is partnering with the Israeli technology Tyto Care to become the official retailer for the company’s all-in-one digital diagnostics kit through its physical stores in California, the Dakotas, Ohio and Minnesota and through its online store. Tyto previously sold its technology through healthcare plans, making its handheld examination device with attachments that act as a thermometer, a stethoscope, an otoscope and a tongue depressor available to families with insurance that wanted to re...
Tags: Health, TC, Asia, Europe, Minnesota, Medicine, California, Israel, Articles, Tech, Walgreens, United States, North Dakota, South Dakota, Ohio, Best-buy


Terry Gou will resign as Foxconn’s chairman to run for president of Taiwan

Foxconn chairman Terry Gou officially announced on Wednesday that he will run for president of Taiwan. Gou will step down from leading the company (also known as Hon Hai Precision Industry Co. Ltd), one of Apple’s most important manufacturers, in order to campaign for the nomination of the Kuomintang, the pro-China opposition party. Taiwan’s economy and complicated relationship with China will be at the heart of the 2020 presidential campaign, as incumbent Tsai Ing-wen defends her position ag...
Tags: Apple, TC, Asia, Politics, China, Tech, Taiwan, Wisconsin, Donald Trump, Foxconn, Buddhist, Kuomintang, Democratic Progressive Party, Tsai Ing wen, Gou, Terry Gou


Google Cloud just hired a former SAP executive to carry out its master plan for getting bigger customers (GOOGL, SAP)

On Wednesday, Google Cloud announced it hired former SAP executive Robert Enslin as its new president of Global Customer Operations. Previously, Google Cloud CEO Thomas Kurian has spoken on how he plans to obtain more enterprise customers such as by expanding the sales team, simplifying the partnership program, and targeting specific verticals. Kurian also says that Enslin's international experience working in South Africa, Europe, and Asia will be "invaluable" to Google Cloud. Visit Busines...
Tags: Google, Amazon, Asia, Microsoft, Trends, South Africa, Rob, Sap, South Africa Europe, Google Cloud, Kurian, Enslin, Thomas Kurian, Cloud Business Group, Robert Enslin, Global Customer Operations Previously Google


Google Cloud brings on 27-year SAP veteran as it doubles down on enterprise adoption

Thomas Kurian, the newly-minted CEO of Google Cloud, used the company’s Cloud Next conference last week to lay out his vision for the future of Google’s cloud computing platform. That vision involves, in part, a hiring spree to give businesses that want to work with Google more people to talk to and get help from. Unsurprisingly, Kurian is also looking to put his stamp on the executive team, too, and today announced that former SAP executive Robert Enslin is joining Google Cloud as its new...
Tags: Google, TC, Cloud, Asia, Europe, Business, Enterprise, Tech, Ceo, Companies, United States, South Africa, President, Rob, Dell, Sap


Proof of Capital is a new $50M blockchain fund that’s backed by HTC

It’s often said that the dramatic fall of crypto prices last year ushered in a new era for technology-focused startups in the blockchain space, and the same argument can be made for the venture capitalists who fund them. Proof of Capital is the latest fund to emerge after it officially announced a maiden $50 million fund today. The fund is led by trio Phil Chen, who created and is currently developing its Exodus blockchain phone (he spent time as a VC with Horizons Ventures in between), Edith ...
Tags: Asia, Tech, Taiwan, Htc, Latin America, Greylock Partners, Chen, Horizons Ventures, Yeung, Chris McCann, Phil Chen, Steve Chen, ICOS, Edith Yeung, Greg Kidd, Formosa Plastics Ripple


Apple rumored to launch a refreshed iPhone 8 with upgraded specs next March

Apple is expected to launch three new "iPhone 11" models this fall, which will be the successors to the iPhone XR, iPhone XS, and iPhone XS Max. But new reports claim that Apple could also unveil additional devices meant to court smartphone buyers who are either looking for cheaper iPhones or want smaller phones.A report a few days ago said that an iPhone SE successor is in the works \-- a device that would feature an iPhone XS-like design. A new report out of Asia, meanwhile, describes a more f...
Tags: Apple, Asia, News, PCB, Economic Daily News


Dutch chipmaker NXP makes China push by backing radar company Hawkeye

Dutch chipmaker NXP Semiconductors has come a long way since Qualcomm’s outsize $44 billion to acquire it fell through last year. In an announcement released on Tuesday, NXP said it’s agreed to back and partner with Hawkeye Technology, a Chinese company specializing in automotive radars, as part of an ambition to capture the rapid growth of sensor-powered vehicles in China. Financial terms of the investment were undisclosed, but the tie-up will see Hawkeye providing a suite of technical know-...
Tags: Transportation, Asia, China, Tech, Automotive, Alibaba, Radar, Qualcomm, Semiconductor, Hawkeye, Autonomous Driving, Nanjing, Shi, NXP, Southeast University, NXP Semiconductors


Alibaba will let you find restaurants and order food with voice in a car

Competition in the Chinese internet has for years been about who controls your mobile apps. These days, giants are increasingly turning to offline scenarios, including what’s going on behind the dashboard in your car. On Tuesday, Alibaba announced at the annual Shanghai Auto Show that it’s developing apps for connected cars that will let drivers find restaurants, queue up and make reservations at restaurants, order food and eventually complete a plethora of other tasks using voice, motion or tou...
Tags: Apple, Android, Startups, Transportation, Asia, China, Beijing, Automotive, Shanghai, Alibaba, Tencent, Alipay, Alibaba Group, Baidu, Operating System, Operating Systems


Student sues JD.com’s billionaire CEO Richard Liu for alleged rape

A Chinese student has filed a lawsuit against JD.com founder and chief executive Richard Liu, alleging the billionaire businessman raped her in Minnesota back in August, four months after local prosecutors decided not to press charges. The lawsuit, which was filed in Hennepin County on Tuesday, is seeking damages of more than $50,000. It identifies the student as Jingyao Liu (not related to Richard Liu), an undergraduate student at the University of Minnesota. JD did not immediately respon...
Tags: Asia, Lawsuit, Minnesota, China, Tech, Companies, Alibaba, JD.com, Hogan Lovells, Jack Ma, Weibo, Liu, University of Minnesota, Hennepin County, Peter Walsh, Michael Freeman


TikTok downloads ordered to be blocked on iOS and Android in India over porn and other illegal content

TikTok, the user-generated video sharing app from Chinese publisher Bytedance that has been a global runaway success, has stumbled hard in one of the world’s biggest mobile markets, India, over illicit content in its app. Today, the country’s main digital communications regulator, the Ministry of Electronics and Information Technology, ordered both Apple and Google to remove the app from its app stores, per a request from High Court in Madras after the latter investigated and determined that ...
Tags: Apple, Google, Social, Apps, Asia, Supreme Court, Privacy, Children, India, US, Tech, High Court, Policy, Pornography, Federal Trade Commission, Ftc


TikTok downloads banned on iOS and Android in India over porn and other illegal content

TikTok, the user-generated video sharing app from Chinese publisher Bytedance that has been a global runaway success, has stumbled hard in one of the world’s biggest mobile markets, India, over illicit content in its app. Today, the country’s main digital communications regulator, the Ministry of Electronics and Information Technology, ordered both Apple and Google to remove the app from its app stores, per a request from High Court in Madras after the latter investigated and determined that ...
Tags: Apple, Google, Social, Apps, Asia, Supreme Court, Privacy, Children, India, US, Tech, High Court, Policy, Pornography, Federal Trade Commission, Ftc


Google Maps Is Ready to Transform the World of Superapps: A Skift Deep Dive

If you live in the West and parts of Asia and Africa, you take the Google Maps app everywhere you go, stuffed in a pocket or clutched in a hand. And its utility is indeed on the mark: Need to navigate to work or somewhere else in a car or train or on foot? Just whip out the Google Maps app, and let it transport you from Point A to B and C.
Tags: Travel, Google, Asia, Africa


Daily Crunch: Turmoil at HQ Trivia

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Mutiny at HQ Trivia fails to oust CEO This week’s banishment of host Scott Rogowsky was merely a symptom of the ongoing struggle to decide who will lead HQ Trivia. According to multiple sources, more than half of the startup’s staff signed an internal petition to depose CEO Rus Yusupov, whom they saw as m...
Tags: TC, Asia, Spacex, Elon Musk, Evernote, Israel, Tech, Tesla, Netflix, EC, Phil Libin, Match Group, Musk, Niantic, Scott Rogowsky, Yusupov


Match Group restructures exec team with focus on Asia

Tinder parent company Match Group, also the owner of a suite of dating apps including OKCupid, Meetic, Match, PlentyofFish and others, announced this morning plans to restructure its leadership team in order to better focus on the market opportunities for dating apps in Asia. Specifically, the company has appointed three new General Managers in Asia to focus on areas like Japan, Taiwan, India, South Korea, and other parts of Southeast Asia. The company explains its decision has to do with the po...
Tags: Apps, Asia, South Korea, Europe, Japan, Tinder, China, Southeast Asia, India, Seo, Tech, Taiwan, Dating, Middle East, Korea, Tokyo


China’s startup ecosystem is hitting back at demanding working hours

In China, the laws limit work to 44 hours a week and require overtime pay for anything above that. But many aren’t following the rules, and a rare online movement puts a spotlight on extended work hours in China’s booming tech sector. People from all corners of society have rallied in support for improvements to startup working conditions, while some warn of hurdles in a culture ingrained in the belief that more work leads to greater success. In late March, anonymous activists introduced 996.ICU...
Tags: TC, Asia, Japan, Microsoft, Law, China, US, Tech, Mit, Beijing, Shanghai, Alibaba, JD.com, Tencent, Silicon Valley, Cctv


Backer of Musical.ly, Grindr and Opera to invest $50M in self-driving startup Pony.ai

A games publisher in China is following the path of its larger peer Tencent to back a wide spectrum of startups for financial gains. Beijing Kunlun Wanwei, or Kunlun, announced in a filing this week that it plans to inject $50 million into autonomous driving startup Pony.ai in exchange for a 3 percent stake. Pony.ai confirmed the investment with TechCrunch in an email response, adding that the money contributes to its pre-B round of financing. The startup last pocketed $102 million that value...
Tags: Asia, China, Funding, Tech, Artificial Intelligence, Beijing, Automotive, United States, Shanghai, Tencent, Autonomous Vehicles, Baidu, Leader, Grindr, Web Browser, NetEase


China’s largest stock photo provider draws fire over use of black hole image

While the world marvels at the first black hole image ever taken, a Chinese photo-sharing community is setting off a huge public outcry over its use of the landmark photo and a wider debate over copyrights practices in China. As soon as the European Southern Observatory released the black hole photo on April 10, Visual China Group (VCG), China’s leading stock image provider that’s compared to Getty Images and owns Flikr’s one-time rival 500px, made the image available for sale in its library wit...
Tags: Asia, Lawsuit, China, Social Media, Tech, Getty Images, Pandora, Beijing, Shanghai, Black Hole, Baidu, Flickr, Photo Sharing, Creative-Commons, Weibo, 500px


Uber has already made billions from its exits in China, Russia and Southeast Asia

Uber’s exits from China, Russia and Southeast Asia were billed as failures from the company, but the ride-sharing giant has already made billions on paper from those moves, according to its IPO filing. Uber released its much-anticipated S1 on Thursday U.S. time and reporters and analysts are frantically digging into a treasure trove of previously-unreleased details. A number of sections on Uber’s global divestitures begin to paint a clear picture of the strategy that Uber employed when leaving ...
Tags: Google, TC, Uber, Asia, Indonesia, Mexico, China, Russia, Southeast Asia, Softbank, Tech, Automotive, Middle East, Tencent, Brazil, Yandex


Disney+ Streaming Service To Launch In November, Priced At $6.99 Monthly

Disney has announced that its highly anticipated new streaming service, Disney+, will launch in the U.S. on November 12 with a price of $6.99 per month. Variety has more details: The subscription VOD service represents Disney's next major foray into the video-streaming wars. By pricing it well below Netflix, the Mouse House is betting it can rapidly drive up Disney+ customer base with a melange of content that appeals to multiple demographics, including movies and TV shows from its Marvel, Star ...
Tags: Asia, Disney, Tech, Netflix, Roku, Hulu, Disney Channel, Chu, Europe Latin America, Mouse House, Phineas, Kevin Mayer, Michael Paull, Disney ESPN, Disney Streaming Service, Marvel Star Wars Pixar


GuestReady, a service for Airbnb hosts, doubles down on Europe with another acquisition

GuestReady, a service that helps shared economy hosts manage their business on Airbnb and other rental sites, is getting into expansion mode again after it completed its fourth acquisition. The company, which has raised $3.7 million from investors to date, just announced that it has acquired France-based rival BnbLord, a startup that it claims is the largest Airbnb host platform in France and Portugal, through an undisclosed deal. The deal represents a doubling down on those two markets an...
Tags: TC, Asia, Europe, Australia, France, Tech, Malaysia, United Kingdom, Paris, Portugal, United Arab Emirates, Roman Abramovich, Airbnb, Foodpanda, Rocket Internet, Chelsea FC


Didi steps up financial drive as it courts car leasing companies

Didi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls a dominant slice of China’s ride-hailing market, released financial and insurance products targeting riders and drivers. Its service offering just broadened after the startup launched on Thursday an online financial system aimed at car leasing and fleet management companies. The move to carve out a product exclusively fo...
Tags: Transportation, Asia, Internet, China, Tech, Beijing, Transport, Driver, Carsharing, Head, Ride Hailing, Didi, Didi Chuxing, Car Leasing, Xiaoyu Liu


Microsoft Worked With Chinese Military University on AI

Microsoft has been working with a Chinese military-run university on AI research that could be used for surveillance and censorship. From a report: Three papers, published between March and November last year, were co-written by academics at Microsoft Research Asia in Beijing and researchers with affiliations to China's National University of Defense Technology (NUDR), which is controlled by China's top military body, the Central Military Commission. Samm Sacks, a senior fellow at the New Americ...
Tags: Asia, Microsoft, China, Tech, Beijing, Xinjiang, New America, Central Military Commission, Samm Sacks, National University of Defense Technology NUDR


CleverTap lands $26M for its mobile-focused customer marketing service

CleverTap, an India-based startup that lets companies track and improve engagement with users across the web, has pulled in $26 million in new funding thanks to a round led by Sequoia India. Existing investor Accel and new backer Tiger Global also took part in the deal, which values CleverTap at $150-$160 million, the startup disclosed. The deal takes CleverTap to around $40 million from investors to date. Founded in 2015 and based in Mumbai, CleverTap competes with a range of customer experi...
Tags: Fundings & Exits, Mobile, Facebook, Asia, Europe, Media, Indonesia, Southeast Asia, Singapore, India, Funding, Tech, Viber, Whatsapp, West, United States


Southeast Asia’s Carousell snags investment from Naspers-owned OLX

It’s taken some time to come around, but Naspers — the early Tencent investor that’s also behind the world’s top listings service — finally has a piece of Southeast Asia’s Carousell. TechCrunch broke news of talks between the two sides last year, and today Tech In Asia reported that Naspers-owned OLX Group has put $42 million into Carousell. In addition, it appears that the deal includes the transfer of the OLX Philippines business to Carousell, according to a report from Deal Street Asia ...
Tags: Fundings & Exits, TC, Asia, Europe, Indonesia, Australia, Russia, Southeast Asia, Singapore, India, Funding, Africa, Tech, E-commerce, Taiwan, Companies


Cathay Capital and AfricInvest to raise $168M Africa VC fund

Tunisia based private equity firm Africinvest has teamed up with Cathay Capital — a global private equity firm based in Paris — to launch a new Africa tech fund with a target raise of $168 million. Details are still forthcoming, but the Cathay Africinvest Innovation Fund will focus primarily on series A to C stage investments in African technology companies, says fund co-founder Denis Barrier. “We’ll look at investments across several countries in Africa. We’ll focus on areas such as fintech, lo...
Tags: TC, Asia, Europe, Technology, Money, Finance, Africa, Tech, Banking, Economy, United States, Aol, Paris, Middle East, Dubai, Private Equity


Cathay Innovation and AfricInvest to raise $168M Africa VC fund

Tunisia-based private equity firm Africinvest has teamed up with Cathay Innovation — the venture sub of Paris-based private equity firm Cathay Capital — to launch a new Africa tech fund with a target raise of $168 million. Details are still forthcoming, but the Cathay Africinvest Innovation Fund will focus primarily on Series A to C-stage investments in African technology companies, says fund co-founder Denis Barrier. “We’ll look at investments across several countries in Africa. We’ll focus on ...
Tags: TC, Asia, Europe, Technology, Money, Finance, Funding, Africa, Tech, Banking, Economy, United States, Aol, Paris, Middle East, Dubai



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