AI training and social network content moderation services bring TaskUs a $250 million windfall

TaskUs, the business process outsourcing service that moderates content, annotates information and handles back office customer support for some of the world’s largest tech companies, has raised $250 million in an investment from funds managed by the New York-based private equity giant, Blackstone Group. It’s been ten years since TaskUs was founded with a $20,000 investment […]

View More AI training and social network content moderation services bring TaskUs a $250 million windfall

Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia

Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has announced that it has pulled in $2 billion in new capital as it seeks to go beyond ride-hailing to offer more on-demand services. The $2 billion figure includes a $1 billion investment from Toyota which was announced in June, […]

View More Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia

Go-Jek kicks off Southeast Asia expansion with Vietnam launch

Go-Jek, the Indonesia-based ride-sharing company valued at $5 billion, has begun its ambitious plan to increase its rivalry with Grab by expanding into three new markets after it opened shop in Vietnam. The service — which is known as Go-Viet — covers an initial 12 districts in Ho Chi Minh City with a motorbike on-demand service. Rival […]

View More Go-Jek kicks off Southeast Asia expansion with Vietnam launch

Experian leads $28M investment in Southeast Asia fintech startup C88

Experian is making its first major bet on Southeast Asia and its population of over 650 million consumers after the financial credit giant backed Singapore-based C88 Financial Technologies, which operates financial marketplaces that help lenders reach new audiences. C88 today announced a $28 million Series C investment round that’s led by Experian with participation from a host […]

View More Experian leads $28M investment in Southeast Asia fintech startup C88

Alibaba’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 expansion

Twitter doesn’t care that someone is building a bot army in Southeast Asia

Facebook’s lack of attention to how third parties are using its service to reach users ended up with CEO Mark Zuckerberg taking questions from Congressional committees. With that in mind, you’d think that others in the social media space might be more attentive than usual to potentially malicious actors on their platforms. Twitter, however, is turning […]

View More Twitter doesn’t care that someone is building a bot army in Southeast Asia

What Zuckerberg’s congressional testimony doesn’t say

There’s a lot of keen analytical hindsight on display in Facebook chief executive Mark Zuckerberg’s written testimony to Congress ahead of his appearance at hearings on Wednesday, but nothing that indicates Facebook is ready to come to terms with the problems rotting the core of the social network. The bulk of Zuckerberg’s opening statement is […]

View More What Zuckerberg’s congressional testimony doesn’t say

Philippines temporarily closes popular holiday island to tourists due to pollution

One of Philippines’ most popular tourist destinations will be off-limits to visitors in a few weeks.
The entire island of Boracay will be closed to visitors from Apr. 26, so that it can receive a massive clean-up of dumped sewage and upgrades to its …

View More Philippines temporarily closes popular holiday island to tourists due to pollution

Rappler, a new media organization critical of the Philippines government, faces closure

 Rappler, a high-profile new media news organization in the Philippines, is facing closure after the Securities and Exchange Commission (SEC) revoked its registration for an alleged breach of the country’s constitution. Rappler was started in 2012 by Filipino journalist Maria Ressa and it is a global case study for media in the 21st century with a digital-first platform and focus… Read More

View More Rappler, a new media organization critical of the Philippines government, faces closure