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Posts Tagged ‘asia’

This YC-backed startup preps Chinese students for US data jobs

In recent years, data analysts have gone from optional to a career that holds great promise, but demand for quantitative skills applied in business decisions has raced ahead of supply as college curriculum often lags behind the fast-changing workplace. CareerTu, a New York-based startup launched by a former marketing manager at Amazon, aims to close ...

Apple kerfuffles, praise groups, and media layoffs

Lots of news and interesting tidbits to wrap up the week. Apple kerfuffles Apple has been vindicated (for a brief moment anyway) in its long-standing dispute with Qualcomm. From Stephen Nellis at Reuters: A U.S. federal judge has issued a preliminary ruling that Qualcomm Inc owes Apple Inc nearly $1 billion in patent royalty rebate ...

Shiok Meats takes the cultured meat revolution to the seafood aisle with plans for cultured shrimp

Rising consumer interest in alternative proteins and meat replacements has brought hundreds of millions of dollars to companies trying to grow or replace beef or chicken, but few companies have turned their attention to developing seafood alternatives. Now Shiok Meats is looking to change that. The company has raised pre-seed financing from investors like AIM ...

Korean e-commerce unicorn Coupang hires Walmart’s former global chief compliance officer

Coupang, the unicorn that is defining e-commerce in Korea, announced today that it has hired Jay Jorgensen, Walmart’s former global chief ethics and compliance officer, to serve as its general counsel and chief compliance officer. Jorgensen will relocate to Seoul for the position. Founded in 2010, with a total of $3.4 billion raised from investors ...

Surging costs send shares of ecommerce challenger Pinduoduo down 17 percent

China’s new tech force Pinduoduo is continuing its race to upend the ecommerce space, even at the expense of its finances. The three-year-old startup earmarked some big wins from the 2018 fiscal year, but losses were even greater, dragging its shares down 17 percent on Wednesday after the firm released its latest earnings results. The ...

Facebook won’t store data in countries with human rights violations — except Singapore

As soon as Mark Zuckerberg said in a lengthy 3,225-word blog post to not build data centers in countries with poor human rights, he had already broken his promise. He chose to ignore Singapore, which the Facebook founder had only months earlier posted about, declaring the micro-state home to the company’s first data center in ...

The “splinternet” is already here

Keith Wright Contributor Share on Twitter Keith Wright is a Villanova School of Business instructor of Accounting and Information Systems, founder of Simplicity On-Demand LLC and former Senior Vice President for Global Sales Operations for SAP. There is no question that the arrival of a fragmented and divided internet is now upon us. The “splinternet,” ...

Wattpad gains strategic investment from Times Bridge to further expand in India

Wattpad is further expanding into Asia with a new partnership and undisclosed strategic investment from Times Bridge, the global investment arm of the Times Group in India. The deal aims to help the storytelling community establish a larger presence in the country where it already counts over 2.6 million monthly users who have shared more ...

Acko, a digital insurance provider in India, raises another $65M at a $300M valuation

Acko — a startup out of India that has taken on the country’s antiquated insurance industry with a digital-first product for drivers and others in transportation-related scenarios (for example, cancelled ticket insurance) — has raised more funding as it passes 20 million customers on its books. The company has closed a Series C of $65 million ...

Drivezy, India’s vehicle sharing startup, is raising $100M+ at a $400M valuation, eyes US expansion

Drivezy — the startup out of India that wants to turn private car usage on its head through a car-sharing network where people lend their cars and two-wheeled vehicles but also have options to use vehicles from a fleet managed by Drivezy — said it is raising more money as it gears up for the ...