One of the early backers of Musical.ly, the short video app that was acquired for $1 billion, is making a major bet that internet radio is one of the next big trends in media. Goodwater Capital, one of a number of backers that won big when ByteDance acquired Musical.ly last year, has joined forces with […]
View More Musical.ly investor bets on internet radio with $17M deal for Korea’s Spoon RadioCategory: Vietnam
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 AsiaGo-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 launchVietnam’s new cyber security law draws concern for restricting free speech
Big tech firms including Google, Facebook and Twitter have expressed major concern after Vietnam’s government passed a law that promises to introduce tighter restrictions on free speech online. The new regulation passed this week strengthens the government’s position on censoring the internet, drawing Amnesty International to decry that it leaves “no safe place for people to […]
View More Vietnam’s new cyber security law draws concern for restricting free speechIndonesia’s EV Hive raises $20M for its co-working business to rival WeWork
WeWork is setting its sights on Southeast Asia, but that isn’t stopping local rivals from building up there business. In Indonesia, EV Hive — a co-working brand first started by a VC firm — has pulled in $20 million for expansion as its U.S.-based rival increases its focus on Indonesia. The company was founded in […]
View More Indonesia’s EV Hive raises $20M for its co-working business to rival WeWorkGo-Jek officially announces Southeast Asia expansion to fill void left by Uber’s exit
There’s good news for consumers in Southeast Asia who are feeling the void after Uber left the region. That’s because Go-Jek, the Indonesia-based ride-hailing company backed by Google, Tencent and others, has officially announced plans to move into four new markets. Go-Jek said today it will move into Vietnam, Thailand, Singapore and the Philippines initially […]
View More Go-Jek officially announces Southeast Asia expansion to fill void left by Uber’s exitSoutheast Asia-based mobile listings startup Carousell raises $85M
Carousell, the Singapore-based mobile listing service that operates across Southeast Asia, has pulled in an $85 million Series C fund as it seeks to strengthen its business among the region’s competitive e-commerce landscape before expanding globally. The round was co-led by existing investor Rakuten Ventures and EDBI, the corporate investment arm of Singapore’s Economic Development Board. Other […]
View More Southeast Asia-based mobile listings startup Carousell raises $85MSoutheast Asia e-commerce startup iPrice raises $4M led by chat app Line’s VC arm
iPrice, a service that aggregates Southeast Asia’s e-commerce websites in a single destination, has pulled in new funding led by messaging app Line’s VC arm, Line Ventures. The round is officially undisclosed, but TechCrunch understands from a source close to negotiations that it is worth around $4 million. Existing iPrice backers Cento Ventures (formerly known as […]
View More Southeast Asia e-commerce startup iPrice raises $4M led by chat app Line’s VC armTwitter 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 AsiaWeWork confirms deal to buy Naked Hub, one of its main competitors in China
WeWork is buying up one of its largest competitors in China after it announced a deal to acquire Naked Hub. The deal was widely reported by Chinese media yesterday, but WeWork has now confirmed it through a blog post from its CEO Adam Neumann. Terms of the transaction are not disclosed but Bloomberg reported that it […]
View More WeWork confirms deal to buy Naked Hub, one of its main competitors in China3 hidden travel destinations in Vietnam that will blow your mind
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In partnership with Uber & Canon
Discover your own #hiddencities
Walking through the streets of Ho Chi Minh City can be an overwhelming experience: Vendors are parked up on both sides of the road — peddling everything from homemade snacks to fresh fruit — while scooters, bicycles, and plastic dining chairs fight for every inch of the remaining street real estate. With so many sights, sounds, and smells deluging the senses, some peace and quiet can be hard to come by.
For all its frenzied charm, the Vietnamese capital does have its moments of tranquility — but many of them will require you to dig deeper. With that in mind, Uber has set out to unearth the hidden gems that capture something different from the city’s usual hustle and bustle. Read more…
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View More 3 hidden travel destinations in Vietnam that will blow your mindJD.com leads investment in Vietnam-based e-commerce service Tiki
JD.com, the Chinese e-commerce firm that rivals Alibaba, has continued its expansion in Southeast Asia with an investment in Vietnam-based Tiki, a seven-year-old online retail service. JD.com is leading a Series C investment round in Tiki alongside VNG, the Vietnam-based online media and gaming company that is already an investor. The round itself is undisclosed, but TechCrunch understands… Read More