Tencent, Asia’s highest-valued tech company, has continued to invest in India after it backed online education service BYJU’s. The startup that includes the Chan Zuckerberg Initiative and Sequoia among its investors. The size of the investment has not been disclosed, but a source close to the deal told TechCrunch that it values BYJU’s around the $800 million mark. Tencent… Read More
Amazon is continuing its international expansion push with the launch of its services in Singapore coming imminently. The arrival could happen as soon as this week, according to a source with knowledge of the plans, and it will mark Amazon’s entry into Southeast Asia. The launch will see Amazon Prime, Amazon Prime Now fast delivery and Amazon’s regular e-commerce services… Read More
LG Display announced today that it will invest 7.8 trillion won (about $7 billion) to boost its OLED production capacity. This increases the stakes in LG’s competition with Samsung over OLED displays, a market that Samsung dominates by far, as Apple prepares to launch the iPhone 8, which is widely expected to come with OLED screens. Read More
Urbanbase, a Seoul-based startup that makes virtual reality tools for interior planning and design, plans to expand in Asia after raising $1.8 million in Series A funding. Its investors are CKD Venture Capital, Magellan Technology and Capstone Partners. Read More
Less than a month after announcing plans to spin out its transportation and mobility business, Korean tech firm Kakao has inked deals to put hands-free systems inside cars from Korea’s second largest automotive firm Hyundai and its Kia affiliate.
Kakao is best known for operating Korea’s top messaging app, Kakao Talk, which is installed on over 95 percent of the country’s… Read More
Grab, the ride-hailing company competing with Uber in Southeast Asia, has pulled in $2 billion of new financing from existing investors Didi Chuxing, the company that defeated Uber in China, and SoftBank. Didi said the round could expand by $500 million more with input from other existing backers and new investors, too. A Grab representative confirmed that SoftBank’s Vision fund is not… Read More