Logistics on-demand startup Lalamove raises $100M as it approaches a $1B valuation

Unicorns are like buses for Hong Kong. After living in the shadow of other cities and waiting around for its first, it now has (almost)...

Airbnb’s major China rival Tujia raises $300M more at a $1.5B valuation

Airbnb finally got serious about the Chinese market this year, and now its chief rival in the country — Tujia — has tapped investors for...

Vertex Ventures closes new $210M fund for Southeast Asia and India

Vertex Ventures, one of the VC funds that is linked to Singapore sovereign fund Temasek, has closed its third investment fund for Southeast Asia and...

Apple is looking into reports of iPhone 8 batteries swelling

Reports from a few iPhone 8 and iPhone 8 Plus buyers have suggested there could be an issue with the battery inside some of the devices swelling,...

Alibaba is leading a $27M investment in open source database startup MariaDB

Alibaba has spent 2017 pushing its cloud computing business and now it is preparing to make its first major investment in a Western startup in...

First China, now South Korea has banned ICOs

South Korea has banned ICOs, the up-and-coming method of raising funding via crypto tokens, due to concerns over the potential for financial scams. China’s Central Bank...

Confirmed: Korean crypto exchange Korbit sold to Nexon parent for $80M

The parent company of games giant Nexon has confirmed that it acquired Korea’s second largest cryptocurrency exchange, Korbit, in a deal that values it at...

AdAsia snags another $2.5M led by listed Japanese newsreader firm Gunosy

Japanese news app Gunosy, which listed on the Tokyo Stock Exchange two years ago, has put its weight and money behind ambitious ad tech startup AdAsia. Singapore-based AdAsia, founded...

Uber and Grab take their ride on-demand battle to Cambodia

Cambodia is the newest battlefield for Uber and Grab’s ride on-demand battle after both companies expanded into the Southeast Asian country’s capital city Phnom Penh...

Alibaba’s Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong

Ant Financial, the Alibaba affiliate that operates payment service Alipay and other digital finance products, has continued its Asia expansion with a move into Hong...

APLICATIONS

Tencent, Guangzhou Auto agree to collaborate on connected cars

HONG KONG (Reuters) - Chinese internet giant Tencent Holdings and Guangzhou Automobile Group Company Ltd said on Monday they had agreed to...