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Alibaba leads $1.1B investment in Indonesia-based e-commerce firm Tokopedia

August 17, 2017 Jon Russell 0

Source: TechCrunch Asia  Alibaba has continued its push into Southeast Asia after it led a $1.1 billion investment in Tokopedia, an e-commerce firm based in Indonesia. A valuation for the deal was not announced, […]

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Alibaba’s profit doubles to $2.1B after another huge quarter of business

August 17, 2017 Jon Russell 0

Source: TechCrunch Asia  Alibaba had another blockbuster quarter of business as its profits almost doubled. The Chinese e-commerce giant reported net profit of 14 billion RMB ($2.1 billion) for its recent quarter that finished June […]

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Google is testing a data-friendly version of its Search app

August 17, 2017 Jon Russell 0

Source: TechCrunch Asia  Google might soon release a data-friendly version of its search app for mobile. That’s because the company is currently piloting such an app in Indonesia, as the eagle-eyed team at Android […]

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Alibaba, Tencent, Didi and other tech firms pour $12B into mobile operator China Unicom

August 17, 2017 Jon Russell 0

Source: TechCrunch Asia  China is about to take net neutrality to the next level after a group of influential tech companies that includes Baidu, Alibaba, Tencent, Didi Chuxing and JD.com agreed to invest nearly […]

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Uber’s new head of Asia is a former Goldman exec who once climbed Mount Everest

August 16, 2017 Jon Russell 0

Source: TechCrunch Asia  Regular run-ins with government regulators and battles with well-funded local rivals have made Asia challenging terrain for Uber. The challenge is such that it’s fitting that the U.S. ride-sharing giant has […]

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Tencent posts record $2.7B profit as mobile game revenue tops PC for first time

August 16, 2017 Jon Russell 0

Source: TechCrunch Asia  Tencent, Asia’s highest valued technology company, posted a record quarterly profit of $2.7 billion (18.2 billion RMB) thanks to explosive growth from mobile games. The firm’s profit in Q2 2017 rocketed […]

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Alipay partners with Yelp to continue its pursuit of Chinese tourist money

August 16, 2017 Jon Russell 0

Source: TechCrunch Asia  Ant Financial, the Alibaba affiliated valued at $60 billion, is continuing to follow Chinese tourists and their wallets overseas after it inked a deal with Yelp in the U.S.. The partnership allows […]

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Uber suspends its service in the Philippines following ban over unregistered drivers

August 15, 2017 Jon Russell 0

Source: TechCrunch Asia  Uber has suspended its services in Philippines after the national regulator banned it from operating for one month. The country’s Land Transportation Franchising and Regulatory Board (LTFRB) ordered a cease and […]

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Beijing’s public transport system gets an app for paying fares — but Apple isn’t invited

August 15, 2017 Jon Russell 0

Source: TechCrunch Asia  Apple continues to be locked out of China’s massive mobile payments space. The latest reminder came this week when Beijing’s transportation system opened up to smartphone payments… via an Android app. […]

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In India, an Uber for farm machinery aims to make a difference in rural areas

August 15, 2017 Jon Russell 0

Source: TechCrunch Asia  Uber has inspired countless businesses to adopt its asset-light and on-demand approach to their industries. The examples are countless. Food delivery, dry cleaning, jet planes, home services rental bikes, or even […]

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Indian messaging app Hike acquires hardware startup Creo

August 11, 2017 Jon Russell 0

Source: TechCrunch Asia  India-based messaging app Hike is back on the acquisition trail after it picked up Creo, a hardware company that previously released smartphones, streaming devices and an operating system. The price of […]

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FlySpaces, an Airbnb for office space in Southeast Asia, raises $2.1M

August 11, 2017 Jon Russell 0

Source: TechCrunch Asia  Now is a good time to be in the co-working industry in Southeast Asia, it seems. Barely days after WeWork announced plans to enter the region, which is home to over […]