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Tech in Asia

Tech in Asia

Tracking the Asian technology sector and covering startups, venture capital, and unicorns.

Apple Pay has launched in Malaysia

Apple Pay has launched in Malaysia

If you are in Malaysia and want to grab a coffee at Starbucks, buy groceries from Village Grocer, or make an online purchase from Shopee, you can now use Apple Pay. That's because Apple has launched the payment service in the country, making it the second Southeast Asian market to

African mobility fintech Moove takes its sustainable vehicle financing to India

African mobility fintech Moove takes its sustainable vehicle financing to India

Moove, a mobility-first fintech startup born in Africa, has expanded its revenue-based vehicle financing model to India to support mobility entrepreneurs and create sustainable jobs, as part of its global expansion plans. * Moove is partnering with Uber India to launch 5,000 electric and compressed natural gas (CNG) vehicles in

BAI Capital raises $700 million to invest in Chinese tech startups

BAI Capital raises $700 million to invest in Chinese tech startups

BAI Capital (formerly Bertelsmann Asia Investment), an investment firm focusing on China has raised $700 million to invest in impact-making tech startups in China. * The firm will invest in retail tech, fintech, content, media, web3, metaverse, and local startups providing solutions in the renewable energy, self-driving, and software-led industrial space.

B Capital raises $250 million for Ascent Fund to back US and Asia startups

B Capital raises $250 million for Ascent Fund to back US and Asia startups

B Capital, a global investment firm focusing on tech startups has raised $250 million for Ascent Fund II to make early-stage financing for US and Asia startups. * The fund will be deployed as $1 to $10 million per startup across fintech, software-as-a-service (SaaS), healthtech, logistics, and other tech startups. * The

India's Glance now has 183 million active users

India's Glance now has 183 million active users

Glance experienced 30% year-on-year growth to reach 183 million active users in Q1 2022, according to Counterpoint Research, adding about 10 million users during the quarter. * Glance is an Indian artificial intelligence-based software company that delivers personalised content to smartphone lock screens. * Leading smartphone makers like Xiaomi (including Poco), Samsung,

Indian multinational IT startup Infosys acquires BASE life science for €110 million

Indian multinational IT startup Infosys acquires BASE life science for €110 million

Infosys, an India-based multinational information technology company offering consulting and outsourcing services, has acquired BASE Life Science in an all-cash deal of €110 million. * The acquisition will enable global life science companies to attain business value from cloud-based digital platforms and data, and improve clinical trials and drug development. * Infosys

Taiwan tours and activities startup KKday secures $95 million to expand in Asia

Taiwan tours and activities startup KKday secures $95 million to expand in Asia

KKday, a Taiwan-based startup offering tours and activities services, has secured $95 million in its Series C funding round led by TGVest Capital, with participation from others. * The fund will be invested in improving its stack of technology, hiring, and expanding its presence in Asia. * The startup intends to increase

Indian AI startup Detect Technologies raises $28 million in funding

Indian AI startup Detect Technologies raises $28 million in funding

Detect Technologies, an India-based industrial artificial intelligence startup offering software-as-a-service (SaaS) for cutting-edge automation has raised $28 million in its new funding round led by Prosus Ventures. * The fund will be invested in bolstering its sales and marketing efforts in the US and Europe markets, hiring talents for sales and

OneCard raises $100 million in Series D, becomes unicorn

OneCard raises $100 million in Series D, becomes unicorn

OneCard, the India-based startup offering card to customers and operated by FPL Technologies has raised over $100 million in its Series D round and has now become unicorn at a $1.4 billion valuation. * Founded in 2019, OneCard is a credit card and loan offering startup that recently added OneScore

Crypto gaming developer Animoca Brands raises $75 million in funding

Crypto gaming developer Animoca Brands raises $75 million in funding

Animoca Brands, an Australian crypto gaming developer firm based in Hong Kong, has raised $75 million in its new funding round as the second part of its January $300 million round. * The fall of the TerraUSD and downs in the crypto market delayed the fundraise, the firm claims. * Animoca Brands