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Posts Tagged ‘asia’

Sony invests $400M in Chinese entertainment platform Bilibili

Sony said on Thursday that it is investing $400 million to secure a 4.98% stake in Chinese entertainment giant Bilibili. 10-year old Bilibili features animation, comics, games and offers users the ability to stream their videos. The service, which has amassed over 115 million users, has attracted several big investors over the years, including Chinese ...

Google to shut down its India-focused Q&A app Neighbourly

Google is shutting down Neighbourly, a Q&A social app that it launched in select parts of India two years, the company has informed users. The app, developed by company’s Next Billion Initiative, aimed to give local communities an outlet to seek answers to practical questions about life, routine and more. At the time of its ...

Mobile payments firms in India are now scrambling to make money

Vijay Shekhar Sharma, founder and chief executive of India’s most valuable startup, Paytm, posed an existential question in a recent press conference. “What do you think of the commercial model for digital mobile payments. How do we make money?” Sharma asked Nandan Nilekani, one of the key architects of the Universal Payments Infrastructure that created ...

India launches WhatsApp chatbot to create awareness about coronavirus

India is turning to WhatsApp, the most popular app in the country, to create awareness about the coronavirus pandemic. Narendra Modi, India’s Prime Minister, said on Saturday that citizens in the country can text a WhatsApp bot — called MyGov Corona Helpdesk — to get instant authoritative answers to their coronavirus queries such as the ...

Indonesian startup Newman’s uses online medicine to tackle sensitive health issues

An Indonesian startup called Newman’s is using telemedicine to help Indonesian patients get care for stigmatized health issues. Part of Y Combinator’s winter 2020 batch, the startup launched last month with prescription hair loss treatments and plans to expand into other verticals, including erectile dysfunction and smoking cessation. Newman’s was founded by Elsen Wiraatmadja, Alfred ...

India’s Prime Minister Narendra Modi says he is thinking about quitting social media

Another major figure could soon join the list of a growing number of people who are done with social media: The leader of the world’s largest democracy. India’s Prime Minister Narendra Modi tweeted Monday evening (local time) that he was thinking about giving up on his Facebook, Twitter, Instagram, and YouTube accounts. Modi, whose 53 ...

India’s Spinny raises $43.7M to expand its online platform for selling used cars

Spinny, an online platform for selling used cars, has secured $43.7 million from a cohort of influential investors in a new financing round as it looks to expand to more Indian cities. The Series B financing round for the Gurgaon-based startup was led by the Fundamentum Partnership, the growth-capital fund backed by tech veterans Nandan ...

Apple to begin online sales in India this year, open first retail store in 2021

For a decade, Apple has solely relied on third-party sellers, stores, and marketplaces to sell its products in India. That will begin to change this year. At the company’s annual shareholder meeting Wednesday, chief executive Tim Cook told investors that Apple will open its online store in India, the world’s second largest smartphone market, at ...

Chinese firms rush to bring 5G smartphones to India

India is unlikely to have any substantial coverage of 5G until at least the end of next year, with telecom operators in the country yet to participate in spectrum auction. But that hasn’t stopped Chinese vendors Oppo, Vivo, and Xiaomi from bringing 5G-enabled smartphones to the world’s second largest handset market. Xiaomi, Vivo’s sub-brand iQoo, ...

7-month-old Simsim secures $16M for its social commerce in India

Simsim, a social commerce startup in India, said on Friday it has raised $16 million in seven months of its existence as it attempts to replicate the offline retail experience in the digital world with help from influencers. The Gurgaon-based startup said it raised $16 million across seed, Series A and Series B financing rounds ...