Go-Jek buys three startups to advance its mobile payment business

Go-Jek buys three startups to advance its mobile payment business

Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering a ride-hailing service for motorbike…
Teabox raises $7M for its global tea-commerce business

Teabox raises $7M for its global tea-commerce business

Teabox, the company pioneered the concept of selling tea to direct to consumers online, has served up $7 million in fresh funding to grow its five-year-old business. This new infusion of capital — last tea joke, I promise — is a Series B round that takes Teabox, which has head offices in India and Singapore,…
China’s CCTV surveillance network took just 7 minutes to capture BBC reporter

China’s CCTV surveillance network took just 7 minutes to capture BBC reporter

It took Chinese authorities just seven minutes to locate and apprehend BBC reporter John Sudworth using its powerful network of CCTV camera and facial recognition technology. This wasn’t a case of a member of the media being forcibly removed from the country. The chase was a stunt set up to illustrate just how powerful and effective the Chinese…
Uber doubles down on Indonesia after hiring its first country president

Uber doubles down on Indonesia after hiring its first country president

As part of its new approach to Asia, Uber has announced its first president for its business in Indonesia, Southeast Asia’s largest economy and the world’s fourth most populous country. Monika Rudijono will take up the role in January, joining from advertising and marketing firm Grey where she had been presidential director. She’ll report directly to Brooks…
Techstars is launching its first accelerator program in Asia in partnership with Rakuten

Techstars is launching its first accelerator program in Asia in partnership with Rakuten

Techstars is bringing its global accelerator program to Asia for the first time in partnership with Japanese e-commerce giant Rakuten and its chat app Viber. The companies will run a three-month program in Singapore starting in July, according to a joint announcement made today. The focus will be on social messaging and, in particular, technologies…
Uber lands investment from Singapore’s largest taxi operator in blow to rival Grab

Uber lands investment from Singapore’s largest taxi operator in blow to rival Grab

Uber has struck a major deal in Southeast Asia after ComfortDelGro, Singapore’s largest taxi operator, announced [PDF] it has agreed to buy a majority share of the ride-hailing giant’s Singapore-based business. The deal will see a joint venture valued at SG$642 million (US$474 million) established to run Uber Singapore. Comfort will contribute SG$295 million in what…
Ford recruits Alibaba to help break into China’s electric vehicle industry

Ford recruits Alibaba to help break into China’s electric vehicle industry

Ford has put a lot of focus on China’s electric vehicle market — with a local joint venture expected to lead to 15 electric or hybrid models on sale in the country by 2025 — and today the automotive giant announced a tie-in with Alibaba to fulfill its ambitious goals. The scope of alliance is fairly…
Facebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe

Facebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe

B Capital, the investment firm from Facebook co-founder Eduardo Saverin that is backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country. The U.S.-Asia fund is investing $10 million into Mumbai-based Mswipe alongside DSG Consumer Partners in what is an extension to a Series D round…
Google launches a data-friendly search app for users in emerging markets

Google launches a data-friendly search app for users in emerging markets

Google is continuing its push to make its services accessible for people with lower-end mobile devices or slow internet connections after it introduced Google Go, a data-friendly search app. The app was first spotted in beta in August — when it was known as Search Lite — and now it has been released for select…
Alibaba is buying Israeli startup Visualead’s tech to establish a Tel Aviv R&D center

Alibaba is buying Israeli startup Visualead’s tech to establish a Tel Aviv R&D center

Alibaba announced a massive $15 billion research ‘DAMO Academy’ project focused on R&D last month, and it is laying the groundwork for an office in Tel Aviv through a deal to acquire technology and talent from Israeli startup Visualead. Visualead developed a new kind of ‘dot-less’ QR code that Alibaba had used for its business in China.…

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