Giants Volanews

Tencent Confirms Buying Ailing Malaysian Streaming Platform iflix iflix had raised over $360 million from investors including Fidelity International, Hearst Communications, EDBI and Liberty Global before.

by DealStreetAsia

2020-06-28

INDONESIA TECH GIANT GOJEK

gojek to Let Go of 430 Employees as It Shutters GoLife, GoFood Festivals GoLife and GoFood Festival have seen a significant downturn over the past few months as the COVID-19 pandemic has affected consumer habits.

by e27

2020-06-24

AFRICA MIDDLE EAST UBER

Uber & Mastercard to Provide 120,000 Free Trips to Frontline Workers in MEA Uber will make available its wide network of drivers to ensure those who are supporting communities and the many frontline workers who need to be mobile, have a reliable and efficient way of getting around.

by TechMoran

2020-06-23

CHINA China concept stocks TENCENT

Tencent Makes New Bid for Chinese EV Maker Nio The cash-craving EV startup rebounded strongly from the pandemic’s impact, setting a monthly record for electric vehicles sold in May.

by KrAsia

2020-06-23

INDIA LOGISTICS AMAZON

Amazon Signals Entry into Alcohol Delivery in Indian Eastern State Alibaba-backed Indian grocery venture BigBasket has also won approval to deliver alcohol in the state.

by DealStreetAsia

2020-06-22

NIGERIA E-COMMERCE GIANT Jumia

Jumia Has Gone From eCommerce To Full-Blown Logistics Overnight Africa’s largest e-tailer, Jumia, appears to have spun its in-house logistics arm into an entity that will now cater to other needs besides Jumia’s.

by WeeTracker

2020-06-22

CHINA TECH GIANT BYTEDANCE

ByteDance First Quarter Revenues up 130% with Annual Target Half Tencent’s 2019 Earnings TikTok’s owner set an annual revenue goal of RMB 200 million, while more than 80% of its 2019 revenue was from online advertising.

by KrAsia

2020-06-19

KENYA TELECOMMUNICATION INDUSTRY Safaricom

Safaricom Launches Lipa Na M-PESA Business App to Make Payments, View Reports on The Go Safaricom today announced its Lipa Na M-PESA Business smartphone app targeting more than 170,000 merchants on the service.

by TechMoran

2020-06-19

INDIA The competition commission of India(CCI)

CCI To Probe Reliance Jio-Facebook Deal Over Potential Data Abuse Facebook’s investment in Jio is the largest FDI deal in the technology sector in India

by Inc42

2020-06-19

SINGAPORE TECH GIANT Grab

Grab CEO Announces Lay-off of 360 Employees, Addresses COVID-19 Impact to Business The ride-hailing giant also promised that this will be the last major layoff of 2020.

by e27

2020-06-17

INDIA TELECOM GIANTS Reliance Jio

Reliance Jio Gets $600 Mn Funding From TPG To Add To List Of Global Investors Reliance said that the investment will translate into a 0.93% equity stake in Jio Platforms on a fully diluted basis for TPG.

by Inc42

2020-06-15

INDONESIA TECH GIANT GOJEK

Group CTO Ajey Gore leaves gojek Gore joined gojek in mid-2015 as Head of Engineering before being promoted to the position of CTO in January 2016.

by e27

2020-06-12

CHINA TECH GIANT ANT FINANCIAL

China’s Ant Financial Spins off Alipay’s Computing Infrastructure OceanBase Ant Financial, the operator of China’s biggest online payment platform Alipay, has spun off its self-developed key computing infrastructure OceanBase into an independent company.

by DealStreetAsia

2020-06-12

INDIA SOCIAL WhatsApp

Phone Numbers Of 3 Lakh WhatsApp Users Exposed Due To Encryption Lag The database includes phone numbers of users from India, UK, US and several other countries.

by Inc42

2020-06-10

INDIA GIANT Reliance Jio

Abu Dhabi Fund Mubadala to Invest $1.2b in Reliance’s Jio Platforms The latest transaction gives Jio Platforms an equity valuation of Rs4.91 trillion and an enterprise value of Rs5.16 trillion.

by DealStreetAsia

2020-06-05

United Arab Emirates Payfort Initiative

Payfort Launches $272,000 Initiative to Support Startups Payfort, a subsidiary of retail giant Amazon, has launched a $272,000 initiative in the UAE aimed at supporting startups and small-to-medium sized businesses (SMB).

by wamda

2020-06-05

CHINA CLOUD SERVICE MARKET SHARES

Huawei Grabs A Quarter of China’s Cloud Management Market in 2019 The steady growth of cloud computing in China allowed the niche sector for cloud system management to grow by 44.2% YoY.

by KrAsia

2020-06-04

INDONESIA TECH GIANT GOJEK

Gojek Names Facebook, PayPal as New Investors in Latest Funding Round The funding round will also see the integration of PayPal service into gojek's platform.

by e27

2020-06-03

CHINA CHIP MAKER TECH GIANT

Chinese Chip-Maker SMIC Seeks to Raise $2.8b via Shanghai Listing Established in 2000, SMIC is mainland China’s top semiconductor foundry and the country’s rival to Taiwan-based Taiwan Semiconductor Manufacturing Company (TSMC).

by DealStreetAsia

2020-06-02

CHINA TECH GIANT Didi Chuxing

Didi Chuxing’s Autonomous Driving Unit Closes A USD 500 Million Round Led by SoftBank Didi is also set to test its robotaxi in Beijing.

by KrAsia

2020-06-01