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Alibaba’s AliExpress Sets Its Sights On Indonesia’s Promising E-Commerce Market
Chinese e-commerce behemoth Alibaba Group is keen to expand beyond its home market, and now it has set its sights on Indonesia. The company announced today that AliExpress, one of its e-commerce...
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GrabTaxi, Uber’s Rival In Southeast Asia, Prepares To Introduce Cashless...
GrabTaxi, the SoftBank-backed taxi-on-demand service in Southeast Asia, is preparing to introduce cashless payments to take it beyond cash-only fares and put it on par with Uber’s frictionless payment...
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500 Startups Is Raising A $10M Fund In Thailand To Increase Its Focus On Asia
500 Startups, the U.S. startup investor/accelerator with a reputation for backing startups across the world, is deepening its efforts in Asia with a new $10 million micro-fund for Thailand. The...
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HappyFresh Is Bringing Instacart-Style One Hour Grocery Delivery To Southeast...
One-hour grocery delivery is coming to Southeast Asia after HappyFresh, a new e-commerce startup, launched its service. Read More
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ZipMatch Lands $2.5M To Expand Its Property Portal Beyond The Philippines
ZipMatch, an online property portal in the Philippines, is the latest startup in Southeast Asia to receive investment from Monk’s Hill Ventures and its $80 million fund. The prominent VC firm led a...
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GrabTaxi, Uber’s SoftBank-Backed Rival In Southeast Asia, Tests Courier Service
GrabTaxi, the Uber rival backed by SoftBank, is trialling a next-day delivery service as it experiments with logistics-related offerings beyond its core taxi-hailing business in Southeast Asia. Read More
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Singtel Acquires Chicago-based Cybersecurity Firm Trustwave For $810M
Singtel, the biggest telecommunications firm in Southeast Asia with over 500 million mobile customers, will acquire Chicago-based cybersecurity company Trustwave in a deal worth $810 million. Founded...
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Uber Rival GrabTaxi Opens R&D Center To Lure Engineering Talent
GrabTaxi, Uber’s largest taxi hailing rival in Southeast Asia, has opened an R&D center in Singapore as it looks to develop its technical prowess and increase its appeal to overseas hires. Read More
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Southeast Asian Telecom Giant Singtel Releases Wavee App, A Skype And...
Singtel, Southeast Asia’s biggest telecom with more than 500 million subscribers, has unleashed a new Skype and WhatsApp competitor called Wavee. Read More
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Under Fire In India, Facebook’s Internet.org Launches In Indonesia
Facebook’s Internet.org program has expanded into Indonesia, a country with a 250 million population, marking its second largest launch in Asia to date. Read More
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2C2P Raises $7M To Bridge The Payment Gap In Southeast Asia
Payments continue to be a huge issue in many parts of Asia and emerging markets. That’s why 2C2P, a Singapore-headquartered startup, has closed a $7 million Series C round to help solve the...
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Tracxn, Which Aspires To Be The “Gartner Of Startup Data,” Grabs $3.5M Series A
Tracxn, an analytics firm co-founded by Sequoia and Accel alumni to track data from startups, has raised a $3.5 million series A round from SAIF Ventures. The company, which describes itself as...
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Thailand’s Omise Lands $2.6M To Expand Its Payment Gateway Across Asia
Omise, a Thailand-based payment enabler, is in the money today after it raised a $2.6 million Series A round to develop its payment gateway system and expand across Asia. Read More
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JFDI Asia Doubles Investment And Trials Remote Participation In Its...
JFDI Asia, the Singapore-based accelerator program, is literally doubling down its investment in early-stage startups and experimenting with allowing participants of its 100-day program to spend time...
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GrabTaxi Expands Its Motorbike Taxi On-Demand Program In Southeast Asia
GrabTaxi, the Uber-like ride-hailing company backed by SoftBank, has expanded a pilot program of GrabBike motorbike taxi on-demand service to Indonesian capital city Jakarta. Read More
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Messaging App Firm Line Is Testing A $2 Per Month Music Streaming Service
Line, the Japanese messaging app with 205 million active users, is continuing its push into entertainment services after it began testing a standalone $2 per month music streaming app. Line Music is...
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London’s Passion Capital Raises $69M For Its Second Early Stage Fund
London-based Passion Capital has raised a second fund for investing in early stage U.K.-based startups — today announcing a coffer of £45 million ($69M) to power its next phase of investments. Read More
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What Is Daum Kakao And Why Did It Buy Path?
It isn’t often that a company in Asia acquires a U.S. rival, particularly one that has surfed a wave of hype in Silicon Valley. But that’s exactly what happened this week after Path announced the sale...
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Southeast Asian Restaurant Booking App Offpeak Gets $800,000
Offpeak, a Malaysia-based restaurant booking startup, has raised a Series A round of $800,000 led by Gobi Partners. The company will use its new capital to expand into Southeast Asian cities, starting...
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500 Startups And Malaysia’s MaGIC To Run Post-Funding Startup Growth Program...
U.S.-based VC firm 500 Startups is launching a new accelerator program in Southeast Asia that is designed to help companies in the region that have raised money take their business to the next level....
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