Asia Tech

William Ding, LeSEE’s co-founder, global vice president, and China and Asia Pacific CEO, recently confirmed his departure from LeSEE on Weibo. At the same time, LeSEE announced that LeSEE China’s president and chief operating officer Zhang Hailiang will be LeSEE’s global chief executive officer, effective immediately. Meanwhile, Niu Shengfu formally ...

Fresh from raising $90 million from investors in March, Iflix, a Netflix-like service for emerging markets, has announced its first slate of original content. The Malaysia-headquartered business claims five million registered users across 10 countries — it recently branched out into Africa and the Middle East — for its service which costs around ...

Chinese Internet company UC recently announced that its UC News had over 100 million monthly active users in India and Indonesia by April 2017. UC was established in 2004. The company was merged into Alibaba in 2014 and became a component of Alibaba’s mobile business group. The company said in ...

The startups involved in IA’s program will be guided by advisers and mentors and have access to investors from technical and business support services. Source: Shutterstock INDIA’S mentorship-driven incubator India Accelerator (IA) has said it will offer early-stage technology startups a new incubator program, including benefits from its newly-acquired membership ...

AirAsia, the budget airline for Southeast Asia that’s headquartered in Malaysia, isn’t commonly associated with startup investments, but today the company announced that it has bought a 50 percent share in trip planning service Touristly in a deal worth MYR 11.5 million, or $2.6 million. The deal will see AirAsia CEO Tony Fernandes join the ...

In 2016, China Mobile realized operating revenue of CNY708.4 billion, a year-on-year increase of 6%. Its earnings before interest, taxes, depreciation and amortization were CNY256.7 billion, a year-on-year increase of 6.9%; and its net profit was CNY108.7 billion, a slight increase of 0.2% compared with the same period of previous ...

  TAIZO Son, brother to the second richest man in Japan, Masayoshi Son, has abandoned his native Japan for the tropical climes of Singapore’s wealthy Sentosa neighbourhood. Son made his fortune in the mobile gaming sector, racking up huge profits off his “Puzzle and Dragons” app. He says he intends to ...

SparkLabs founded its first accelerator in Seoul four years ago. Now it’s ready to tackle China. The program announced today that SparkLabs will open in Beijing on May 15 before expanding to Shanghai, Chengdu and hardware manufacturing hub. Bernard Moon, co-founder of SparkLabs, said in an email that the accelerator ...

Chinese search engine company Baidu announced plns to fully acquire American technology company xPerception. xPerception focuses on machine vision software and hardware solutions. It provides visual perception software and hardware solutions for a range of applications, including robotics, virtual reality, and devices for people who are visually impaired. With the ...

A Moneygram logo is seen outside a bank in Vienna, Austria. Source: Reuters CHINA’S Ant Financial has raised its offer for electronic payment firm MoneyGram International Inc. in a deal unanimously approved by the US firm’s board, outbidding rival Euronet Worldwide Inc. Ant, the finance affiliate of Alibaba Group Holding ...