Israeli startups smash funding records, reel in USD 10.5 billion in 6 months

GGV Capital leads USD 20 million Series A round in sales intelligence startup Slintel

Thai firm Synqa wants to expand blockchain payment solutions in Southeast Asia | Startup stories

BukuWarung snags USD 60 million in new round led by Peter Thiel’s Valar Ventures and Goodwater

There is increased interest in Indonesia from American VCs, BukuWarung co-founder says.

How Meituan outcompeted to become China’s hotel booking king

To the surprise of many, China’s largest OTA is Meituan, an internet behemoth that’s mostly known as a food delivery giant.

China’s tech workers pushed to limits by surveillance software

A vicious cycle of monitoring and overwork is fueling productivity—and backlash.

Tiger-backed Indian logistics tech startup Locus raises USD 50 million

Locus plans to use the funds for improving geographical reach as well as building its research and development team to expand its product line.

Deep tech startups are gems for investors with an appetite for risk, says Yoke Sin Chong of iGlobe Partners

Often the only Asian VC in the deals it is involved in, iGlobe Partners connects western and Asian startup networks to invest in game-changing innovations.

Amid healthy investor appetite, Southeast Asia’s first agritech accelerator sees sector maturing

The ten startups in the second edition of the accelerator program each receive USD 10,000 in cash and USD 100,000 in-kind investment.

Digital payments firm Paytm eyes a USD 3 billion IPO this year

Paytm, India’s most valued startup at USD 16 billion, has become the latest high-profile company looking to go public.

Top 3 contributor stories | Oasis May features

We reflect on our role in media, while looking at the impact others have made in their respective societies.

VIDEO | KrASIA tries Baidu’s first commercial autonomous ride-hailing service in China

Are self-driving cars ready for the masses? Probably not, but rides are being tested in Beijing right now.

Second wave of the pandemic sends Indian startups back to the drawing board

Startups in Mumbai, Bengaluru, Hyderabad, and Delhi have witnessed dozens of its employees, key leaders, as well as founders falling prey to the virus.

Kuaishou kicks off cross-border sales to boost growing e-commerce presence

Kuaishou is onboarding international vendors mainly offering cosmetics, skincare products, food, watches, and luxuries.

E-commerce fraud prevention firm Forter raises USD 300 million

With the current round, Forter almost tripled its valuation to USD 3 billion to become the most valuable privately-held company in the industry.

India’s venture debt fund Stride Ventures announces the launch of second fund

Indian venture debt funds raised a total of USD 85 million in FY 21, up from USD 62 million raised in FY 20.

Indonesian crypto exchange Pintu bags funding from Pantera Capital and Coinbase

Pintu founder Jeth Soetoyo previously launched the stablecoin Rupiah Token.

To deal with e-commerce waste, Indonesians are taking matters into their own hands | Tech in Culture

Indonesia still lacks proper waste management systems, which has led startups to create new green alternatives.

Malaysian startup wins Seedstars World Competition, a first for the country

Fintech startup Finology won the Seedstars World Competition, earning USD 500,000 in funding.

BigOHealth streamlines medical care in remote India | Tales from India’s Towns

BigOHealth has connected over 8,000 COVID-19 patients with doctors online, free of charge.

Snapchat registers over 100% YoY growth for five consecutive quarters in India

Snapchat crossed 60 million users in the last quarter of 2020 in India, where it is deploying a three-pronged approach of localized content, games, and culturally relevant augmented reality experience

Dataset containing personal information of 279 million Indonesians allegedly leaked on hacker forum

This is the latest and biggest data breach afflicting the country.

Taiwan’s Powertech happy at home as chipmaking peers head overseas

CEO says it is ‘too early’ to decide whether to follow Foxconn and TSMC to US.

Ant Group searches for direction in a new era of Chinese fintech

The Chinese fintech sector is changing, and Ant Group needs to find new ways to grow its business.

Baidu thickens revenue stream with Apollo autonomous driving unit

Baidu’s autonomous driving unit Apollo is morphing into an income driver outside of its advertising business.

Singapore’s Thunes bags USD 60 million, aims to become a global payments leader, CEO says

The company targets the enormous potential in the global cross-border payment market.

Alibaba, partners invest USD 400 million in Vietnam’s Masan Group to expand online groceries business

Masan-controlled VinCommerce will gain the right to sell its groceries on Lazada Vietnam.

Amazon injects USD 30 million into its Indian payment arm to further expansion

Amazon Pay has signed up close to five million merchants, it said last month.

Self-driving vehicle developer WeRide bags new funds to explore commercialization

The Guangzhou-based firm expects to roll out truly driverless robotaxi services without safety operators in China by 2021.

VIDEO | Here’s how Tencent is challenging Alibaba in China’s e-commerce sector

Tencent doesn’t have a platform to directly rival Alibaba’s Taobao, but it remains relevant in the e-commerce space thanks to WeChat and investments in other e-commerce platforms.

Smartphone shipments in India likely to slowdown in second quarter: IDC

India’s vaccine roll-out program at the beginning of the year instilled positive sentiment, but the second wave of COVID-19 infections has resulted in subdued consumer demand.

ByteDance — Digital Ubiquity | Decoded Ep 1

This is an abbreviated summary of KrASIA’s Decoded Episode 1 on ByteDance.

Carmaker BYD to list semiconductor unit on ChiNext board

The subsidiary develops microchips that enable intelligent control, sensing, and fingerprint identification.

Tiger Global to mint another unicorn in India with USD 250 million lead investment in BharatPe

BharatPe was valued at USD 900 million earlier this year when it raised USD 108 million in Series D round.

Sayurbox is developing a sustainable agricultural supply chain in Indonesia

Technology-enabled grocery service and B2B agricultural provider Sayurbox has partnered with over 10,000 farmers in Indonesia.

Huya flashes cash for League of Legends China broadcasting rights

Media copyright and sponsorships form the lion’s share of revenue in e-sports, and Tencent is behind the mega-deals in China.

Tonik raises USD 17 million for its neobank aimed at the Philippines‘ unbanked population

The round brings Tonik’s total funding to USD 44 million. 

This entrepreneur aims to build Malaysia’s first sharia-compliant neobank | Startup stories

Joe McGuire is the founder of MyMy, a company bidding for one of five digital banking licenses that Malaysia will provide in Q1 2022.

Saudi’s Sary raises USD 30.5 million in Series B for B2B e-commerce marketplace

The Saudi startup also plans to integrate third-party financial services on its platform, a move that will create more value for its clients.

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Syniti signs Asia Pacific distie deal with Tech Data

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(LEAD) LG Display swings to black in Q2 on rising panel prices, OLED biz

Over 50% of Naver employees experienced workplace bullying: labor ministry

Corporate Philanthropy in the Post-Pandemic World

Are CBD cat treats Good For Your Pet

Vertiv augments A/NZ channel team

Singapore govt data incidents rise, but severity declines

AMD’s Lisa Su: Improving supply giving ‘confidence’ about growth

LG Display swings to profit in Q2 as panel prices rise

Google Cloud revenue climbs 54 percent to US$4.63B

The Whole Truth raises $6 million in funding led by Sequoia Capital India

Indian startups are on a CXO hiring spree

Paytm founder to have protective rights after listing

Govt’s AI mission running late as Cabinet nod lags


As streaming services gain screen time in Southeast Asia, one local contender makes strides

Chinese unicorn’s robot waiters ready to serve the world

Recovering Indian mobility sector takes another hit with second wave of COVID-19, Uber India adversely impacted

Grab joins premium ride market with new GrabCar Exec service, will also launch GrabPet XL

Tuning In | Nagesh Devata on building Southeast Asia’s payment infrastructure

Beauty app Social Bella bags millions from private equity firm L Catterton, others

Indian startups bask in high valuation as investors remain upbeat on massive digital adoption

Indonesian robo-advisor Bibit raises new funds from Sequoia India, Tencent

ANTA takes on Nike and Adidas | Morning Briefing Ep 6

LinkAja acquires agriculture-focused P2P lender iGrow

These 10 startups are getting ready to venture to Vietnam

Indonesian market research startup Populix raises funding to continue digitizing sector

With fresh money from SoftBank, social commerce firm Super aspires to become the ‘Walmart of Indonesia’

How a passion for K-pop turned into a business for young Indonesians

SoftBank-backed Ola to roll out 100,000 scooter chargers in India

Myanmar’s mobile internet unblocks online banking, possible national intranet prompts concerns

Temasek invests USD 120 million in upGrad as online education continues to thrive in India

TSMC to invest USD 2.8 billion in China to ramp up auto chip production

Indian deep tech companies blend qualities from Silicon Valley and Israel | Q&A with Kiran Mysore of UTEC

Robo-advisor StashAway bags USD 25 million from Sequoia India ahead of Thailand launch