Business

Didi Chuxing and Softbank to invest up to US$2.0 billion in Grab

Grab, the leading ride-sharing service in South East Asia, just announce that Didi Chuxing and Softbank will invest up to US$2.0 billion in the company. Grab anticipates that it...

Yahoo! to be renamed as Altaba Inc., after the Verizon acquisition

In a SEC filing, Verizon is moving forward with the $4.8 billion acquisition of Yahoo! which will later be integrated with AOL, a company that Verizon acquired for $4.4 billion on...

PaidUp helps Philippine SMEs crowdfund working capital from customers

Sainul Abudheen K, reporting for e27; Launched in January 2016, PaidUp is a mobile app that turns your phone into a prepaid digital wallet, enabling you to find, order and...

Grab Philippines to cap its ride rates until January 30

In a move similar to Uber Philippines, Grab Philippines has announced that it will place a cap on its ride rates until January 30, 2017. This is also in response to LTFRB’s...

Uber Philippines to limit its price surge until January 15

In response to LTRFB’s warning regarding unreasonable price surge, Uber Philippines announced that it will temporarily implemented an artificial limit on their price surge...

Malaysia’s REV Asia acquires 3 popular Malay content portals – Siraplimau, Myresipi, Kongsiresep

Yon Heong Tung, reporting for e27; Leading Malaysia-based digital media group REV Asia (which has well-known Malaysian entrepreneurs such as 500 Startups’s Khaliee Ng, Catcha...

Honda, Alphabet’s Waymo in talks over self-driving technology

Alexandria Sage, reporting for Reuters; Honda Motor Co said on Wednesday it had entered into formal talks with Alphabet Inc’s new self-driving division Waymo to add...

iPrice raises US$4M Series A led by Asia Venture Group, Venturra Capital

Anisa Menur A. Maulani, reporting for e27; Malaysian e-commerce aggregate startup iprice announced that it has raised a US$4 million Series A led by existing backers Asia Venture...

STC to acquire 10% stake in Middle Eastern ride-hailing app Careem

Saudi Arabia’s largest telecommunications company, STC will acquire 10 percent stake in Middle Eastern ride-hailing app Careem for $100 million. STC is already a stake...

KATSANA raises US$893K to help motor insurance companies analyse driver behaviour

Anisa Menur A. Maulani, reporting for e27; Kuala Lumpur-based data company Pixelated, which owns the brand KATSANA, today announced that it has raised a MYR4 million (US$893,000)...

Apple may participate in $100 billion SoftBank fund

Katie Roof, reporting for TechCrunch; Apple is considering investing up to $1 billion in the SoftBank Vision Fund, according to a report from The Wall Street Journal. With a...

Honda makes strategic investment in Grab

Japanese car and motorcycle maker Honda just invested an undisclosed amount in Grab, Southeast Asia’s leading ride-hailing platform. Both companies also signed a memorandum...

Grab introduces GrabPay Credits for prepaid transactions

Daniel Morial, reporting for Yugatech; Grab has introduced GrabPay Credits, a new way of paying for your Grab rides. Instead of using just cash or debit/credit card to pay, you...

Rocket Internet sells Foodpanda

Osman Husain, writing for Tech in Asia; German startup juggernaut Rocket Internet announced today it’s selling off the entire global operations of Foodpanda to rival firm...

PLDT allocates P6.7B for undersea cable to US

Miguel R. Camus, reporting for Philippine Daily Inquirer; Telco giant PLDT Inc. is setting aside $136 million (P6.7 billion) to complete a new undersea cable to the United States...