Asia

Chat app Line injects $182M into its mobile payment business

February 4, 2019 0

Japanese messaging app company Line is pumping 20 billion JPY ($182 million) into its mobile payment business as it tries to turn things around following

Go-Jek makes first close of Series F round at $9.5B valuation

February 1, 2019 0

Go-Jek, the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round, as TechCrunch reported

Facebook removes hundreds of accounts linked to fake news group in Indonesia

February 1, 2019 0

Facebook said today it has removed hundreds of Facebook and Instagram counts with links to an organization that peddled fake news. The world’s fourth largest

First China, now Starbucks gets an ambitious VC-funded rival in Indonesia

February 1, 2019 0

Asia’s venture capital-backed startups are gunning for Starbucks. In China, the U.S. coffee giant is being pushed by Luckin Coffee, a $2.2 billion challenger surfing

A government propaganda app is going viral in China

February 1, 2019 0

Besides binge-watching TikTok videos and battling enemies in the magical land of mobile games, many Chinese people may also pass time during the upcoming Lunar

Amazon and Flipkart pull 100,000s of products to comply with new Indian law

February 1, 2019 0

Amazon has been forced to pull an estimated 400,000 products in India after new regulation limiting e-commerce businesses went into force in the country today.

Grab raises $200M from Thailand-based retail conglomerate Central Group

January 31, 2019 0

Grab’s fundraising push continues unabated after the Southeast Asian ride-hailing firm announced that it has raised $200 million from Central Group, a retail conglomerate based in

Samsung posts fourth-quarter profit drop, warns of weak demand until the second half of 2019

January 31, 2019 0

Samsung Electronics reported its largest quarterly profit decline in two years during its earnings report today. As the Galaxy maker warned in its earnings guidance

Nintendo’s Mario Kart mobile game won’t launch until the summer

January 31, 2019 0

It’s been a long year for Nintendo fans waiting on Mario Kart Tour to come to mobile and, unfortunately, more patience is required after the

Nintendo posts $958M profit but cuts Switch target despite strong Christmas sales

January 31, 2019 0

Nintendo has cut its ambitious annual Switch sales forecast despite enjoying a strong Christmas Q3 quarter. The Japanese games giant recorded a 104.21 billion JPY ($958