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Asia

India’s Zoomcar raises $40M led by automotive giant Mahindra & Mahindra

[ad_1] India’s Zoomcar — which operates an on-demand car rental service — has raised a $40 million Series C round led by Mahindra & Mahindra, the 70-year-old Indian corporation that specializes in automotive. Ford and other existing investors also took part in the round, Zoomcar confirmed. CEO...

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Asia news roundup: Our ‘optional investment’ in region leads to losses, says Uber chief

[ad_1] Uber CEO Dara Khosrowshahi / Photo credit: Uber Here are Asia’s top tech stories from today. We’ll be back with our next news roundup after the Lunar New Year holiday. Transportation Uber CEO says emerging markets explain negative income (Asia-Pacific). Dara Khosrowshahi told attendees at the Goldman...

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Asia news roundup: iQiyi eyes IPO, JD raises for logistics biz, and Paytm goes offline

[ad_1] An advertisement on iQiyi, Baidu’s online video streaming site / Screengrab by Tech in Asia There was also funding news from HackerRank, MoneyOnMobile, and Copernicus Gold. Media and entertainment Baidu eyes IPO for US$15 billion video streaming service (China/US). The internet giant has submitted draft registration documents...

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HTC’s smartphone chief and ex-CFO, Chialin Chang, resigns

[ad_1] HTC’s smartphone and connected devices president and former CFO, Chialin Chang, has resigned. The move, spotted earlier by Engadget, was announced today and is effective immediately. Chang joined the company in 2012 as CFO. He also previously ran HTC’s global sales business. Before eventually becoming...

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Sourcify is connecting entrepreneurs directly to pre-vetted overseas factories

[ad_1] If you’ve ever tried to order and source products from overseas you likely know the process is broken. Factories rarely talk directly to customers and middlemen are difficult to track down and there’s usually a significant delay while you wait for them to communicate...

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