GIANT Volanews

SINGAPORE GIANT Grab

Singapore’s Competition Watchdog Lifts Restrictions on Grab Grab said it will roll out the platform fee “in the next few months”. The company plans to use the money to double down on safety measures such as driver training and insurance.

by KrAsia

2020-11-23

INDIA GIANT Reliance Industries Limited

India Reliance Retail Closes Fundraising Exercise after Raising $6.3b for 10.9% Stake RRVL reported a consolidated turnover of ₹162,936 crore ($ 21.7 billion) and a net profit of ₹5,448 crore ($ 726.4 million) for the year ended March 31, 2020.

by DealStreetAsia

2020-11-20

VIETNAM GIANT Grab Vietnam

Vietnam’s Taxi Associations File Complaint over Unfair Competition against Grab The taxi associations though claimed that Grab, the company, should be classified as “auto transport business,” which it is not at the moment, and therefore operating illegally.

by KrAsia

2020-11-20

SINGAPORE GIANT Sea Group

SG's Gaming And E-Commerce Titan Sea’s Revenue Nearly Doubles in Q3 2020 Total adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) came in at $120.4 million in the July-September period, swinging from a $30.8 million loss in the year-ago quarter.

by DealStreetAsia

2020-11-18

CHINA GIANT OPPO

Oppo X 2021 Unveiled as The World’s First Smartphone Concept with An Extending Display Furthermore, the company also added a custom made laminate for the screen for additional protection.

by GizmoChina

2020-11-18

INDIA GIANT Amazon India

Amazon India Launches 'STEP' to Accelerate Growth of 7 Lakh Sellers Starting December 1, 2020, all sellers on Amazon.in will get 'Standard' benefits up to March 31, 2021.

by YourStory

2020-11-17

GERMANY MIDDLE EAST GIANT

Deep Dive: Delivery Hero’s Acquisitions in Middle East, North Africa & Turkey The German company has spent over $1.2 billion in the Middle East – from 2015 to 2020 – which makes it one the biggest acquirer of technology startups in the region.

by MENAbytes

2020-11-13

INDIA GIANT Breakthrough Energy Ventures

Indian Reliance Industries to Invest Up to $50m in Breakthrough Energy Ventures Investment will be made in tranches over 8-10 years with the $50 million constituting 5.75% of the size of the fund contemplated at present.

by DealStreetAsia

2020-11-13

SINGAPORE GIANT Grab

Grab Inks Partnership with Lazada in Vietnam to Integrate Product Offerings Vietnamese users will be able to access GrabFood from the homepage of Lazada’s app and website, while Grab’s users in Vietnam can also access Lazada’s platform via several links embedded in campaign-based banners and widgets on the Grab app’s homepage.

by KrAsia

2020-11-12

SINGAPORE INDONESIA GIANT

SG's Grab Launches Grab Tech Center in Indonesia Located at Gama Tower in South Jakarta, the tech center covers 12,000 square meters, spanning over 9 floors.

by KrAsia

2020-11-11

CHINA GIANT Ant Group

New Chinese Regulations May Slash Ant Group’s Valuation by Half The reduced valuation also means potentially lower fees for investment banks like China International Capital Corp that were counting on a windfall from Ant’s record-setting IPO.

by DealStreetAsia

2020-11-10

INDIA US GIANT

WhatsApp Gets Approval to Launch Payments Feature in India WhatsApp, which has over 400 million users in India, its biggest market, will compete with Alphabet Inc’s Google Pay, Softbank- and Alibaba-backed Paytm and Walmart’s PhonePe.

by DealStreetAsia

2020-11-09

CHINA GIANT Zhangyue

ByteDance Injects USD 1 Billion in Online Publisher Zhangyue, Main Rival of Tencent’s China Literature Beijing-based Zhangyue has over 170 million monthly active users on its platforms, which allows users to read unlimited books online or to download them to reading devices, and the Zhangyue Campus App, a similar concept focusing on textbooks.

by KrAsia

2020-11-06

VIETNAM GIANT Nexttech Group

Visa Partners with Vietnam’s NextTech Group The three-year partnership will see Visa and NextTech collaborate on a range of initiatives to expand their network of sellers and buyers on social commerce platforms.

by DealStreetAsia

2020-11-05

VIETNAM GIANT Viettel

Vietnam Grants 5G Commercial Test Licenses to Viettel, Mobifone Viettel is set to deploy the frequencies between 2500 and 2600 MHz, as well as the 3700 to 3800 MHz and 27100 to 27500 MHz band for the commercial test, while the government-owned MobiFone will use 2600 MHz.

by KrAsia

2020-11-05

CHINA GIANT Ant Group

Shanghai Exchange Suspends Ant Group’s A-Share IPO on STAR Market China’s top financial regulators summoned Ant Group Co Ltd’s founder Jack Ma and two top executives to a meeting on Monday during which they told that the company’s lucrative online lending business faces tighter government scrutiny.

by DealStreetAsia

2020-11-04

INDIA GIANT Jio Fibre

India RIL Says ADIA & PIF Invest $503.8m Each in Jio Fibre’s Network Jio is now rolling out a high-speed, low-latency optical fibre network to more than 50 million homes and premises.

by DealStreetAsia

2020-11-02

CHINA GIANT Ant Group

Ant Draws USD 2.8 Trillion in Bids from Mom-And-Pop Investors in Shanghai Ant aims to raise at least USD 34.4 billion before exercising the overallotment between the two centers.

by KrAsia

2020-11-02

CHINA GIANT BYTEDANCE

Chinese ByteDance Debuts New Brand to Reignite Its Education Business Chen Lin, former head of ByteDance’s entire education businesses, will be the CEO of the newly established firm, which already counts over 10,000 employees.

by KrAsia

2020-10-30

CHINA GIANT BYTEDANCE

Chinese ByteDance Launches Mobile Game Distribution Platform Danjuan Danjuan evolved from Youxiaobang, an online forum for the hit causal game Wo Gongfu Teniu (“My Kungfu is special”), published by ByteDance-owned game studio Ohayoo.

by KrAsia

2020-10-30