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Asia news roundup: CarouPay goes live on Carousell, Lalamove enters Malaysia, and more

Carousell officially launched its integrated payment system CarouPay. Photo Credit: Carousell Here’s a look at today’s tech news from across Asia. Financial services CarouPay officially launches on Carousell app (Singapore). The classifieds marketplace platform wants users to have “safer, easier, and faster” transactions via CarouPay, its first integrated...

Carousell officially launched ...

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Financial digital advisory startup nets $10m to set up office in Singapore

Quantifeed’s management team / Photo credit: Quantifeed As banks and financial institutions increasingly embrace digital tools, funds are flowing into startups that make and operate such technology. Hong Kong-based Quantifeed is the latest example of that, bagging US$10 million for its series B round. The round was...

Quantifeed’s management ...

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This man sold his house, luxury cars and spent his savings to buy a $50m crypto exchange

Photo Credit: Eric Cheng Singaporean entrepreneur Eric Cheng pulled out all the stops to raise the US$50 million he needed to be a big player in the crypto world. He sold five of his luxury cars: two Rolls-Royces, a Lamborghini, a Ferrari, and a Porsche. He...

Photo Credit: Eric Cheng Singa...

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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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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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Google to invest $500m in JD.com and help it launch products outside China

Google headquarters in Mountain View, United States / Photo credit: bennymarty / 123RF Most of Google’s services are still banned in China, but the US tech behemoth is trickling into that market in various other ways. Today, it announced it’s pouring US$550 million into ecommerce powerhouse...

Google headquarters in Mountai...

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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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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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Asia news roundup: Grab and Sea out for more money, Vietnam clamps down on tech, and more

Photo credit: think4photop / 123RF A look at today’s Asia news. Transportation Grab nabs US$1 billion from Toyota as part of ongoing new funding round (Singapore). Southeast Asian ride-hailer Grab is tightening up its relationship with prominent automakers, as Toyota returns to pour more money in the company....

Photo credit: think4photop / 1...

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Ethereum just crossed 100 million tokens. What’s next?

Ethereum creator Vitalik Buterin / Photo credit: TechCrunch Ethereum, the world’s second-largest cryptocurrency, has crossed over 100 million tokens in circulation, according to CoinMarketCap, renewing concerns about the eroding value of the currency. While Ethereum has opted not to set an upper limit on its total coin...

Ethereum creator Vitalik Buter...

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