SCI Ecommerce targets regional expansion in Thailand, the Philippines, and Malaysia | Q&A with CEO Joseph Liu

Israeli AI transcription startup Verbit raises USD 157 million at unicorn valuation

Thailand mulls law to tighten grip on social media

Cross-border logistics platform Kuajinghaoyun nets millions of yuan from Temasek unit, other investors

The company is emboldened by its advantages built up in China’s mature e-commerce and logistics landscape, along with burgeoning demand for Chinese products.

Israel hosts annual OECD Global Forum on Digital Security

There will be eight sessions at this year’s conference, with topics ranging from supply chain security to cyber insurance.

Tiger Global leads USD 35 million Series C round in Indian automobile startup GoMechanic

The latest round, which reportedly values GoMechanic at USD 315–320 million, takes the total funding raised by the five-year-old startup to date to USD 55 million.

Chinese tech moguls spur wave of philanthropy but endeavors fall flat

The biggest names in tech are pouring money into charitable efforts, but a persistent wealth gap and lack of worker protections negate their philanthropy.

Informants, ‘show-offs,’ and cyber police—all in a day for Clubhouse users in Southeast Asia

While tech talks are in full swing in Indonesia, Clubhouse users in Thailand and Myanmar have carved out a different niche as they navigate political instability.

Illegal, unauthorized loans were issued through Traveloka PayLater, raising concerns over data misuse

Mysterious transactions took place on Traveloka PayLater in 2019 without users’ authorization. Unaware that they ‘owe’ money, these individuals’ credit scores have tanked.

Huawei’s fall hits growth of Sony’s chip business

US-China trade war radically changes smartphone market structure.

Chinese secondhand marketplace nets USD 45 million for enterprise business

Zhuanzhuan Group’s B2B subsidiary Caihuoxia increases the efficiency and transaction volume of secondhand recyclers and merchants.

China’s largest Q&A platform Zhihu reaches a crossroads

Zhou led Zhihu through its first decade, now he and his firm arrive at a crossroads of balancing growth for revenue and experience for users.

Meet Liang Rubo, incoming CEO at ByteDance | China Venture Roundup Volume 38

China Venture Roundup Volume 36 covers China’s investment activity during May 24–30, 2021.

iGlobe Partners closes USD 100 million in oversubscribed Platinum Fund III for transformational ventures in three cutting-edge sectors

iGlobe Partners closed its fourth fund, iGlobe Platinum Fund III, to invest in game-changing companies in smart cities, synthetic biology, and fintech.

From electric vehicles to renewable energy, CATL’s expansive investment strategy promises bright future

Over 20 Chinese investment firms backed battery giant CATL, altogether generating over RMB 100 billion in profits from the venture.

Indian adtech unicorn InMobi in talks to acquire social commerce startup Shop101

RedSeer projects the Indian social commerce sector to become a USD 7 billion opportunity by 2025, contributing up to 5% to the total e-commerce market.

Inside Li Xueling’s return to the helm at Bigo: The struggle to save a former TikTok challenger

Once billed as a challenger to TikTok, Bigo now lags behind despite its best efforts to catch up.

China runs USD 6 million e-currency experiment in Beijing

Several trial runs for the e-CNY have taken place over the past few months, each providing data about how consumers use the world’s first digital currency.

Tokopedia, Sea Group ranked among top retail firms in Southeast Asia by GMV in 2020

A report by Euromonitor International further forecasted that retail e-commerce sales in the Asia Pacific would nearly double and reach USD 2 trillion in 2025.

Beijing pushes podcast app Ximalaya to list in Hong Kong over US

China looks to keep tech company within reach of its regulators.

‘Womenomics’ advocate Kathy Matsui debuts venture capital fund

Former Goldman Japan vice chair aims to promote diversity from startup stage.

Cambodia’s new tax on online services will hurt consumers and businesses, says expert

Contradictions within the new tax code also make compliance challenging for many businesses.

Thai logistics firm Flash Express raises USD 150 million ahead of regional expansion

The firm claims to be the top player in the local shipping and logistics market in terms of daily parcel volume.

Line is next in line for digital banking in Indonesia

Line has linked up with Bank KEB Hana Indonesia to offer digital banking services in Southeast Asia’s largest market.

Chinese edtech firms downsize amid regulatory uncertainty

Regulators are voicing concerns that students may be under too much pressure.

Singapore’s PropertyGuru to acquire Malaysia and Thailand rivals

Real estate portal follows Grab and Gojek with Southeast Asia’s latest megadeal.

SzeKi Sim of SGInnovate about the constant need for reinvention in the deep tech space

SzeKi Sim shares her journey building SGInnovate’s community from scratch.

Top 3 leadership thoughts | Oasis May features

From creating a startup to building a deep tech community, here are three recommended reads for May.

It’s inevitable: You will spend half your life in digital realm

Cons: Depression and loss of productivity. Pro: Unlocking human potential

Shopline assists SMEs in their e-commerce journey 

Shopline has grown to provide services to over 250,000 SMEs in seven markets across Asia, including China, Vietnam, Singapore, Thailand, and Malaysia.

Secondary listings in Hong Kong a safe harbor for Chinese tech companies | China Venture Roundup Volume 37

China Venture Roundup Volume 37 covers China’s investment activity from May 17–23, 2021.

Why I think mainstream media read too much into ByteDance Zhang Yiming’s resignation

Zhang resignation has triggered some interesting theories. Yet the answer we are looking for might not be more complicated than what he said in that internal letter.

Singapore-based biotech firm Engine Biosciences raises SGD 57 million to advance cancer treatment

Engine Biosciences applies machine learning to genomics for drug discovery and therapy optimization.

Twitter’s Indian competitor Koo raises USD 30 million as India tightens its social media grip

Koo app is available in English, Hindi, Kannada, Telugu, Marathi, Tamil, Bengali, and Malayalam.

How SoftBank taught the market to love lossmaking startups

A slew of IPOs may vindicate Masayoshi Son’s growth-at-all-costs view.

A secondary IPO in Hong Kong is now the industry standard for Chinese tech giants

An uncertain regulatory environment in the US is prompting mature Chinese tech companies to hedge a secondary listing in Hong Kong.

Gathern raises USD 6 million in Saudi Arabia’s largest Series A round for a woman-led firm

Saudi Arabia is investing billions of dollars in different tourism initiatives to diversify its revenue sources and reduce its dependence on oil exports.

Ford and Toyota top self-driving technology league table

Both ahead of IT giants in patent terms, as traditional techniques come into focus.

Recruiting app Boss Zhipin files for Nasdaq IPO

Boss Zhipin is China’s largest online job site by monthly active users.

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US is allowing some H-1B visa seekers to re-submit their applications

Shyam Metalics shares rally 23% to settle at Rs 375.85 on the debut day

Microsoft Windows 11 launching tonight: Here’s how to watch the livestream and what to expect

Reliance AGM: JioMart testing integration with WhatsApp, says Mukesh Ambani

185 Million Chinese Men Follow Beauty Influencers, Pork Suppliers Slash Output, Guangzhou’s Rapid Covid Infection

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Exclusive interview | New MFI rules will help lower lending rates: Suryoday Small Finance Bank CEO Baskar Babu

Edtech startup Classplus raises $65 million from Tiger Global, others

RIL AGM: All you need to know about India’s renewable energy sector that Reliance is betting big on

TrailheaDX 2021 – Salesforce and AWS team up on development, Slack waits in the wings

Hong Kong's Apple Daily yields to 'inevitable fate'

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