WeWork’s China business is getting a fresh injection of capital after it raised $500 million. The company entered China two years ago and today it covers Beijing, Shanghai and Chengdu with nearly 40 locations. It claims 20,000 members, and it is also active in Hong Kong, which technically falls under ‘Greater China.’ The new capital […]
View More WeWork China raises $500M to triple the number of cities it coversCategory: korea
Korean hotel firm Yanolja moves into Southeast Asia with $15M investment in Zen Rooms
Zen Rooms, the budget hotel network startup founded by Rocket Internet, had faced the deadpool earlier this year after a prospective funding deal collapsed, but now the business appears to have found a home. Korea’s Yanolja, a popular motel brand that has branched out into app-based hotel bookings, has made a strategic investment that could see it […]
View More Korean hotel firm Yanolja moves into Southeast Asia with $15M investment in Zen RoomsEBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals
EBay is a very distant second behind Amazon when it comes to e-commerce sales in the U.S., but abroad — and in particular in Asia — it is willing to invest to grow its footprint in a targeted way. In February, eBay paid a total of $573 million to acquire Qoo10, a Japanese sales platform, […]
View More EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing revealsGolden Equator Capital and Korea Investment Partners announce $88M Southeast Asia fund
There’s more money flowing into Southeast Asia’s tech startup scene after Singapore’s Golden Equator Capital and Seoul-based Korea Investment Partners announced plans for a collaborative $88 million (SG$120 million) fund for the region. The two investment firms will act as joint partners for the vehicle, which is expected to hit a first close before September and […]
View More Golden Equator Capital and Korea Investment Partners announce $88M Southeast Asia fundKorean crypto exchange Bithumb says it lost over $30M following a hack
Just weeks after Korean crypto exchange Coinrail lost $40 million through an alleged hack, another in the crypto-mad country — Bithumb — has claimed hackers made off with over $30 million in cryptocurrency. Coinrail may be one of Korea’s smaller exchanges, but Bithumb is far larger. The exchange is one of the world’s top ten […]
View More Korean crypto exchange Bithumb says it lost over $30M following a hackToss, Korea’s top payment app, raises $40M from Sequoia China and Singapore’s GIC
The largest payment app in South Korea, Toss, has pulled in $40 million in fresh investment from Singapore sovereign wealth fund GIC and Sequoia China. The deal for Viva Republica, Toss’s parent company, comes just over a year after it raised $48 million from payment giant PayPal and others. There’s no valuation for this newest round, […]
View More Toss, Korea’s top payment app, raises $40M from Sequoia China and Singapore’s GICAlibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion
Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous $14 billion. The rumors have been flying about this huge financing deal for the past month or so, with multiple publications reporting that Ant […]
View More Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansionThese itty bitty portraits pack major detail
South Korean artist Sim Hyeon Dae draws everything from celebrity portraits to everyday items with insane detail. Watch these mesmerizing time lapse videos of him drawing. Read more…More about Instagram, Art, Mashable Video, Korea, and South Korea
View More These itty bitty portraits pack major detailA breakdown of some of the best Korean skincare products
Korean beauty and skincare have gained a massive fanbase over the years. Despite the numerous steps involved in the process, people still commit to it. I delved deeper into the reasons behind why it’s so popular, and introduced my favorite tried-and-t…
View More A breakdown of some of the best Korean skincare productsNorth and South Korean Olympic athletes are taking selfies together to show unity
/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F710848%2F4d02a969-35a6-49be-8ed8-1163c18fdb2b.jpg)
The next time you’re thinking of mocking people who take selfies, think of this moment.
As North and South Koreans join forces to compete in the Pyeongchang Olympics, the players have shared locker rooms and practice space. So far it looks like things have run smoothly for the divided nations — if the selfies are any indication.
First, the entire unified Korean team snapped a picture, although only five of them were actually looking at the camera (classic). The athletes are wearing blue and white, the colors of the Korean unification flag. Read more…
More about Korea, Selfie, Winter Olympics, Culture, and Sports
Korea’s Kakao eyes overseas acquisitions following $1 billion raise
Korea’s Kakao, the internet giant behind the country’s top messaging app, is actively seeking overseas investment opportunities after it raised $1 billion via a placement. Kakao is valued at over $7 billion and its services are used by more than 40 million people. The company, which counts Tencent as an early investor, now appears to be making good on its long-standing plan to… Read More
South Korea may or may not ban bitcoin exchanges and that’s the news
The price of bitcoin and other cryptocurrencies dropped significantly today off the back of ‘news’ that South Korea’s government might ban trading exchanges. As ever in the world of crypto, the slightest ripple of information can be taken out of context, and that appears to be the case here. Reuters reported comments from Korean Justice Minister Park Sang-ki who said claimed… Read More