Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia |…
Digital Asia News Update
Uber agreed to sell its Southeast Asia business in March, but it isn’t leaving the region. In fact, the U.S. firm is literally…
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Chinese internet giant Tencent suffers a rare profit drop | Digital Asia
Digital Asia News Update
Tencent, Asia’s most valuable tech firm, delivered a surprise drop in profit on account of lower investment gains.
The firm…
Ford’s Autonomic Pairs With Alibaba Cloud On Mobility Hub for China |…
Digital Asia News Update
Ford—one of the automakers competing in China’s huge car market—is now making a bid to provide China’s leading software…
Singapore’s Openspace Ventures closes new $135M fund for Southeast Asia
It seems like everyone is out there raising new funds in Southeast Asia. Weeks after we reported Golden Gate Ventures hit a first close on its third fund aimed…
Chinese Tesla rival Nio files to raise $1.8 billion in US IPO | Digital…
Digital Asia News Update
Tesla may be looking to go private, but Chinese rival Nio is going the other way after it filed to raise $1.8 billion in an IPO on…
WeWork China rival Ucommune raises $43.5M more at a $1.8B valuation |…
Digital Asia News Update
Barely weeks after WeWork China raised $500 million, one of its main rivals is refueling its tanks too. Ucommune — the company…
China’s Didi beefs up its newly-independent car services business with an…
Digital Asia News Update
A week after spinning out its driver services business and giving it $1 billion in investment capital, Didi Chuxing has added to it…
Tencent spinoff China Literature to buy New Classics Media for $2.2B in…
Digital Asia News Update
As the consumer appetite for digital entertainment in China continues its rapid growth, two companies are combining forces to step…
India’s budget hotel network OYO moves into wedding banquet services |…
Digital Asia News Update
OYO Rooms, the India-based budget hotel network that’s backed by SoftBank’s Vision fund, has prioritized expansion into China this…
Three Indonesian tech unicorns unite to back digital insurance startup |…
Digital Asia News Update
It’s almost unheard of to see three unicorns join forces to fund a startup, but that’s exactly what has happened in Indonesia.…