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Asia

Asia news roundup: Xiaomi postpones China listing, automotive startup raised US$10m for Series B, and more

Photo credit: Xiaomi. Consumer tech Xiaomi postpones planned listing in mainland (China). The company said plans will resume after its initial public offering in Hong Kong is completed, casting a pall on Beijing’s attempts to lure its tech giants home. It also canceled a scheduled review with...

Photo credit: Xiaomi. Consumer...

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Toss, Korea’s top payment app, raises $40M from Sequoia China and Singapore’s GIC – TechCrunch

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...

The larg...

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Asia news roundup: Google plows $550m in JD, Vietnam taxis team up to take on Grab, and more

JD’s automated sorting center in Kunshan. Photo credit: JD. Here’s a rundown of news from today and over the weekend. Ecommerce Google to plunk down US$550 million in JD.com (China). The US tech giant is pouring US$550 million into the Chinese ecommerce powerhouse as part of a “strategic...

JD’s automated sorting c...

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Asia news roundup: Didi lands in Australia, Samsung to invest in AI startups, and more

Didi’s Beijing headquarters / Photo credit: Didi Chuxing A look at today’s Asia news. Transportation Didi goes to Australia (China). Chinese ride-hailing powerhouse Didi Chuxing announced its entry in the Australian market today. Its main offering, Didi Express, launches in Melbourne on June 25. In terms of international...

Didi’s Beijing headquart...

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China’s Didi Chuxing continues its international expansion with Australia launch – TechCrunch

Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month. The company — which bought Uber’s China business in 2016 — said it will begin serving customers in Melbourne from June 25 following a...

Didi Chu...

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Asia news roundup: M17 scraps beleaguered IPO, PatSnap raises $38m, and more

Photo credit: 123RF A look at today’s Asia news. Media and entertainment M17 scraps IPO, raises US$35 million from private investors (Singapore, Taiwan). M17 Entertainment’s beleaguered IPO is not going forward after all. The social entertainment group, which was born out of the merger of Taiwan’s 17 Media...

Photo credit: 123RF A look at ...

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