Asia

The latest startup and technology news coming out of Asia.

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Amazon is fumbling in India

Amazon’s decision to overlook quick-commerce in India is now looking like a significant misstep.

Amazon is fumbling in India

Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024. 

Indian conglomerate Reliance slashed over 42,000 jobs last financial year

Manish Tiwary, the head of Amazon’s India operations, is leaving the firm “to pursue an opportunity outside of the company” as the U.S. e-commerce giant grapples with mounting pressure from…

Amazon’s India chief resigns amid intensifying competition

Indian space-tech startup EtherealX aims to test its fully reusable medium-lift vehicle in 20.

India’s EtherealX puts $5M seed toward fully reusable launch vehicles

Payments infrastructure firm Infibeam Avenues has acquired a majority 54% stake in Rediff.com for up to $3 million, a dramatic twist of fate for the 28-year-old business that was the…

Rediff, once an internet pioneer in India, sells majority stake for $3M

The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the United States.

Terraform Labs co-founder and crypto fugitive Do Kwon set for extradition to South Korea

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Indian startups gut valuations ahead of IPO push

Ola Electric and FirstCry are set to test investor appetite with public listing, both pricing their shares below their previous valuation asks.

Indian startups gut valuations ahead of IPO push

During an emergency hearing held by the South Korean government, Young-bae Ku, Qoo10’s founder said he would secure the amount over the next 30 days.

Qoo10’s CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis

Qualcomm has launched the Snapdragon 4s Gen 2 chip to 5G smartphones in the sub-$100 price segment in India and other emerging markets.

Qualcomm’s new Snapdragon chip aims to bring 5G to sub-$100 devices

Uber is now letting riders in India book up to three rides simultaneously.

Uber now lets users in India book three trips at once

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UK’s Zapp EV plans to expand globally with an early start in India

Zapp is launching its urban electric two-wheeler in India in 2025 as it plans to expand globally.

UK’s Zapp EV plans to expand globally with an early start in India

iCloud Private Relay has not been working for some Apple users across major markets, including the U.S., Europe, India and Japan.

Apple reports iCloud Private Relay global outages for some users

Apple has reduced prices of its iPhone models in India by 3-4% following a cut in import duties in the South Asian market.

Apple cuts iPhone price in India amid China slowdown

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Endeavor CEO says long-term capital needs to be prioritized in emerging ecosystems

Venture capital has become a more global industry as the tech sector slowly decentralizes. In 2022, more than 50% of VC deployed globally was invested in startups outside the U.S., according to data available from the National Science Foundation (NSF) — a stark contrast to 20 years ago, when nearly…

Endeavor CEO says long-term capital needs to be prioritized in emerging ecosystems

The e-commerce market in South Korea ranks as one of the largest in the world, but it’s also proving to be a precarious one. On Thursday, South Korea’s Fair Trade…

Singaporean e-commerce firm Qoo10’s Korean units face probe due to payment delays to merchants

Google Maps is improving navigation through flyovers and narrow roads in India through new feature updates.

Google Maps adds a slew of features to entice Indian drivers, commuters and travelers

India’s Jio has partnered with Taiwanese semiconductor giant MediaTek to launch its 4G smart dashboards for electric two-wheelers.

Jio partners with Taiwan’s MediaTek to tap into two-wheeler EV market

A hacker claims to be selling data relating to thousands of current and former employees of India’s Piramal Group.

Hacker claims theft of Piramal Group’s employee data

A powerful new video-generating AI model became widely available today — but there’s a catch: The model appears to be censoring topics deemed too politically sensitive by the government in…

A new Chinese video-generating model appears to be censoring politically sensitive topics

Singapore’s ride-hailing and food delivery company Grab is expanding its services beyond ride and food delivery by doubling down on the competitive restaurant booking industry in Southeast Asia. Grab confirmed…

Grab acquires Singapore’s restaurant reservation platform Chope  

Indian food delivery and quick commerce startup Swiggy is pivoting one of its smaller businesses, Swiggy Minis, into a link-in-bio service.

Swiggy turns Minis into a link-in-bio platform

WazirX, one of India’s largest cryptocurrency exchanges, has “temporarily” suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security…

WazirX halts trading after $230 million ‘force majeure’ loss

The Mumbai-based firm said one of its multisig wallets had suffered a security breach, and it was temporarily pausing all withdrawals from the platform.

WazirX halts withdrawals after losing $230 million, nearly half its reserves

The warrant is part of an investigation into alleged stock market manipulation related to a high-profile bidding war for music label, SM Entertainment.

Korean prosecutors file warrant to arrest Kakao founder for stock manipulation

Wittaya Aqua enables seafood farmers to consolidate existing data points across the seafood supply chain.

Wittaya Aqua’s data-driven AI helps seafood farmers increase aquaculture production

The smart ring has long played second fiddle to the smart watch. While tech giants like Apple and Google duked it out over wrists for years, the ring has been…

Ultrahuman’s smart ring gets AFib detection

An Indian court has initiated insolvency proceedings against edtech giant Byju’s, once-valued at $22 billion.

Byju’s, once valued at $22 billion, faces insolvency proceedings

Lhoopa has raised $80 million to address the lack of affordable housing in Southeast Asian markets, starting with the Philippines.

Lhoopa raises $80M to spur more affordable housing in the Philippines

Mitti Labs aims to transform rice farming in India and other South Asian markets by reducing methane emissions by 50% and water consumption by 30%.

Mitti Labs aims to make rice farming less harmful to the climate, starting in India

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India clings to cheap feature phones as brands struggle to tap new smartphone buyers

India is struggling to get new smartphone buyers, as millions of Indians don’t go for an upgrade and continue to be on feature phones.

India clings to cheap feature phones as brands struggle to tap new smartphone buyers