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.
Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024.
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…
Indian space-tech startup EtherealX aims to test its fully reusable medium-lift vehicle in 20.
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…
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.
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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.
Qoo10’s CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis
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.
Qualcomm has launched the Snapdragon 4s Gen 2 chip to 5G smartphones in the sub-$100 price segment in India and other emerging markets.
Uber is now letting riders in India book up to three rides simultaneously.
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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.
iCloud Private Relay has not been working for some Apple users across major markets, including the U.S., Europe, India and Japan.
Apple has reduced prices of its iPhone models in India by 3-4% following a cut in import duties in the South Asian market.
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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…
Singaporean e-commerce firm Qoo10’s Korean units face probe due to payment delays to merchants
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…
Google Maps is improving navigation through flyovers and narrow roads in India through new feature updates.
India’s Jio has partnered with Taiwanese semiconductor giant MediaTek to launch its 4G smart dashboards for electric two-wheelers.
A hacker claims to be selling data relating to thousands of current and former employees of India’s Piramal Group.
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…
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…
Indian food delivery and quick commerce startup Swiggy is pivoting one of its smaller businesses, Swiggy Minis, into a link-in-bio service.
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…
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.
The warrant is part of an investigation into alleged stock market manipulation related to a high-profile bidding war for music label, SM Entertainment.
Wittaya Aqua enables seafood farmers to consolidate existing data points across the seafood supply chain.
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…
An Indian court has initiated insolvency proceedings against edtech giant Byju’s, once-valued at $22 billion.
Lhoopa has raised $80 million to address the lack of affordable housing in Southeast Asian markets, starting with 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%.
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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.