Asia

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  • December 3, 2021
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Bret Taylor is on a roll: On Monday, he became the chair of Twitter’s board, and a day later, Salesforce made him its co-CEO and co-chair. Enterprise reporter Ron Miller looked back at Taylor’s career to better understand how a one-time Google product manager ended up co-leading one of the world’s most valuable companies. To […]
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  • December 3, 2021
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For the past few years, Pinduoduo has been widely regarded as Alibaba’s strongest challenger. While Alibaba reported 863 million annual active consumers across its retail platforms in the 12 months ended September, Pinduoduo’s monthly active users exceeded 740 million in the quarter ended September. In its pursuit of new growth engines, Pinduoduo is taking a […]
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  • December 3, 2021
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China’s ride-hailing behemoth Didi has begun the procedure of delisting from the New York Stock Exchange and applying to list in Hong Kong instead, the company announced via a Weibo post on Friday morning. The decision came days after Bloomberg reported the Chinese government had asked Didi to delist from the U.S. out of security […]
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  • November 22, 2021
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ByteDance is shutting down its edtech business in India, the company informed the local team on Monday, according to two sources directly familiar with the matter. The decision follows weeks-long discussion in which the company also explored migrating India team to work with the European edtech team, sources said, requesting anonymity as they are not […]
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  • November 19, 2021
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Walmart-backed Flipkart is acquiring online pharmacy startup SastaSundar to enter the healthcare segment in India as e-commerce battle intensifies in the world’s second largest internet market. Flipkart said it has signed definitive agreements to acquire a majority stake in SastaSundar, but did not disclose the size of the deal. Eight-year-old SastaSundar was last valued at […]
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  • November 19, 2021
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Primer Sazze Partners, a San Jose-based venture capital firm, announced today it has raised its second fund at $127 million (150 billion won) to invest in startups founded by Korean entrepreneurs in Asia and North America. South Korea-based conglomerate LG Corporation and Hana Financial co-led the second fund, with participation from a number of Korean […]
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  • November 19, 2021
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Like Nio, Chinese electric car maker Xpeng has kickstarted its international expansion. But unlike its rival, which put on a series of splashy campaigns in Norway, Xpeng launched quietly in the Scandinavian country last month. In Norway, Xpeng has begun shipping its G3 SUVs and P7 sedans. The Chinese EV startup aims to enter more […]
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  • November 18, 2021
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Google will roll out support for Hinglish, a mix of Hindi and English, and a range of additional features to its payments app Google Pay in India as the global tech giant makes further push to expand its reach in the South Asian market. “For technology to truly fulfill its purpose of transforming lives and […]
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  • November 18, 2021
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Google has formed a key partnership to help provide loans to micro and small businesses in India, the firm announced at its annual event for the South Asian market. The company said it has partnered with Small Industries Development Bank of India, the country’s apex regulatory body for overall licensing and regulation of micro, small […]