Category: Asia

WeChat Pay and Alipay partner QFPay raises $20 million to develop new digital payment solutions – TechCrunch

Digital payments startup QFPay announced today that it has raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners. MDI Ventures, the investment arm of state-owned Indonesian telecom Telkom Indonesia, Rakuten Capital and VentureSouq also participated as new strategic investors. According to Crunchbase, this brings QFPay’s total raised so
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Alibaba to help Salesforce localize and sell in China – TechCrunch

Salesforce, the 20-year-old leader in customer relationship management (CRM) tools, is making a foray into Asia by working with one of the country’s largest tech firms, Alibaba. Alibaba will be the exclusive provider of Salesforce to enterprise customers in mainland China, Hong Kong, Macau, and Taiwan, and Salesforce will become the exclusive enterprise CRM software
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The cyber libel trial against independent news startup Rappler’s CEO and one of its former writers starts in Manila – TechCrunch

The cyber libel trial against Maria Ressa, the CEO and executive editor of independent media startup Rappler, started today in Manila, in a case that will be closely watched because of its implications for press freedom in the Philippines. Also on trial is Reynaldo Santos Jr, a former researcher and writer for the site. If
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Hellobike, survivor of China’s bike-sharing craze, goes electric – TechCrunch

Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players is a survivor from the bike-sharing craze. Blessed with fundings from
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Cathay Innovation leads Laiye’s $35M round to bet on Chinese enterprise IT – TechCrunch

For many years, the boom and bust of China’s tech landscape have centered around consumer-facing products. As this space gets filled by Baidu, Alibaba, Tencent, and more recently Didi Chuxing, Meituan Dianping, and ByteDance, entrepreneurs and investors are shifting attention to business applications. One startup making waves in China’s enterprise software market is four-year-old Laiye,
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Indonesia restricts WhatsApp, Facebook and Instagram usage following deadly riots – TechCrunch

Indonesia is the latest nation to hit the hammer on social media after the government restricted the use of WhatsApp and Instagram following deadly riots yesterday. Numerous Indonesia-based users are today reporting difficulties sending multimedia messages via WhatsApp, which is one of the country’s most popular chat apps, and posting content to Facebook, while the
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Thunes raises $10M to make financial services more accessible in emerging markets – TechCrunch

Cross-border fintech continues to be an area of interest for venture capitalists. The latest deal sees GGV Capital — the U.S-China firm that’s backed Xiaomi, Airbnb, Square and others — lead a $10 million investment in Singapore-based startup Thunes. Other investors in the Series A round are not being disclosed at this point. Thunes —
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India’s Times Internet isn’t ceding ground to US rivals Facebook and Google – TechCrunch

The aggressive push by Silicon Valley companies and Chinese firms to win India, one of the last great growth markets, has decimated many local businesses in recent years. With each passing day, Amazon is closing in on Walmart-owned Flipkart’s lead on the e-commerce space. Uber is fighting with Ola for the tentpole position of the
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Vue.ai raises $17M to equip online retailers with AI smarts – TechCrunch

Vue.ai, a U.S/India startup that develops an AI platform to help online retailers work more efficiently and sell more, has announced a $17 million Series B round. The investment is led by Falcon Edge Capital with participation from Japan’s Global Brain and existing backer Sequoia Capital India. Parent company Mad Street Den was founded in
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Consumers get another digital home health offering as Tyto Care and Best Buy launch TytoHome – TechCrunch

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
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