Giants Volanews

CHINA US GIANT

Trump Agrees to China's Tiktok Deal with Oracle And Walmart, Allowing App’S U.S. Operations to Continue TikTok said it will maintain and expand its headquarters in the U.S., while bringing 25,000 jobs across the country. Trump had said a new company will likely be incorporated in Texas.

by cnbc

21 hours ago

INDIA GIANT Flipkart

Tencent Invests $62.8 Mn in IPO Bound Indian Flipkart The funding is expected to be completed in two tranches over the fiscal year. The development was first flagged by data research firm Paper.vc.

by techcircle

2020-09-18

SINGAPORE JAPAN GIANT

Singapore-Based Delivery Firm Foodpanda Launches in Japan The initial rollout will cover Kobe, Yokohama, and Nagoya from September 17, and Sapporo, Fukuoka, and Hiroshima from October 1.

by KrAsia

2020-09-18

CHINA US GIANT

Oracle, Walmart, Other US Investors Set to Own Majority Stake in Tiktok Global The new company, called TikTok Global, will have a majority of American directors and a US chief executive.

by DealStreetAsia

2020-09-18

CHINA TECH GIANT TENCENT

Chinese Tencent to Set Up Singapore Office for International Business as Political Concerns Mount Tencent has been considering Singapore as a potential regional hub in addition to current offices in Malaysia, Indonesia, and Thailand.

by KrAsia

2020-09-17

CHINA GIANT Evergrande Auto

China's Evergrande Auto to Raise USD 516 Million from Tencent, Sequoia Capital, Jack Ma’s YF Capital, And Didi Chuxing The company unveiled its first ever six new energy vehicle models in August under the Hengchi brand, including sedans, SUVs, multi-purpose vehicles, and crossovers.

by KrAsia

2020-09-16

INDONESIA GIANT GOJEK

Indonesian gojek Acquires WePay to Expand Its E-Wallet Businessinto Vietnam: Report WePay is an online payments services provider, which claims to have a partnership with 24 local banks, 1,000 merchants and four international card issuers.

by e27

2020-09-15

SINGAPORE GIANT Grab

Alibaba Said to Be in Talks to Invest $3b in SG's Grab The Chinese e-commerce giant, a sole investor in the round, will spend a portion of the funds to acquire some of the Grab stock held by Uber Technologies Inc.

by DealStreetAsia

2020-09-15

CHINA GIANT TikTok

Oracle Confirms Deal with Chinese Tiktok-Owner Bytedance to Become 'Trusted Technology Provider' Depending on how the deal works out, it could boost Oracle’s cloud business. It might make Oracle more visible to young consumers and give it control over a prominent advertising venue.

by cnbc

2020-09-15

CHINA GIANT Ant Group

Singapore’s Temasek, GIC Consider Joining Chinese Ant Group’s IPO The Star Market listing committee will meet on September 18 to vet Ant’s application while the Hong Kong listing is also in process. The IPO could come as soon as in October.

by KrAsia

2020-09-14

CHINA GIANT BAIDU

Baidu Launches Self-Driving Taxi Service in Beijing The company will operate a fleet of 40 vehicles in a manned autonomous driving test area covering 700 kilometers of road, with routes including residential and business areas in Yizhuang, Haidian and Shunyi districts.

by ChinaDaily

2020-09-11

CHINA GIANT TikTok

Chinese Tiktok in Talks with Donald Trump Administration to Avoid Full Sale of US Assets The talks with the administration have picked up since last week, when the Chinese government passed new rules restricting the export of artificial-intelligence technology, which could affect the sale of TikTok to a non-Chinese owner.

by KrAsia

2020-09-10

CHINA INDONESIA GIANT

China's Vivo Beats Samsung to Become Top-Selling Phone Brand in Indonesia Vivo leads the market with 21.2%, beating the usual top seller, Samsung, which came third with a 19.6% share.

by KrAsia

2020-09-09

CHINA GIANT TENCENT

PUBG Cuts Ties with Chinese Tencent Games PUBG, which had over 40 million monthly active users in the country in July, said it hopes to continue to engage with its player base in India.

by KrAsia

2020-09-09

EGYPT CHINA Startups

Huawei Partners with Fintech Tpay Mobile to Drive App Monetisation for MEA Developers This will make it more accessible for Huawei and HONOR device users to pay for online services and apps on HMS.

by magnitt

2020-09-08

CHINA GIANTS TikTok

Softbank Is Said to Consider Bid for China's Tiktok in India TikTok is considering selling its operations in several countries after local governments shut out the app, citing fears that sensitive user data was passing into the hands of the Chinese state.

by DealStreetAsia

2020-09-04

MALAYSIA Startups GIANT

Malaysia's Rev Asia to Acquire iMedia in All Stock Deal According to a statement from Rev Asia, iMedia is expected to make over US$724,000 (RM3 million) in net profit after tax in 2021, which would see a total acquisition price of US$9.7 million (RM40 million) if the net profit is achieved.

by DigitalNewsAsia

2020-09-02

CHINA GIANT ZTE Corporation

China ZTE Reports Sustained Growth in Both Profit And Revenue in H1 2020 Despite Global Pandemic In the first half of 2020, the company strengthened its cash flow and sales revenue collection management. Its net cash flow from operating activities for H1 2020 is approximately RMB2.04 billion, about 61.1% year-on-year growth.

by zte

2020-09-01

INDIA GIANT Paytm Payments Bank

Indian Paytm Payments Bank Approaches RBI for In-Principle Approval to Become Small Finance Bank Paytm Payments Bank had facilitated more than 485 Cr transactions worth INR 4.6 Lakh Cr. It said that the domestic money transfers had accounted for INR 29K Cr, a significant growth from the last fiscal year.

by Inc42

2020-08-31

VIETNAM GIANT Startups

Vietnam’s Galaxy Media Acquires Local Edtech Startup Hocmai Hocmai boasts a student base of 4 million subscribers with over 1,000 courses provided by 200 teachers.

by KrAsia

2020-08-31