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Singapore’s Nugit raises $5.2M to make sense of big data using artificial intelligence
In today’s era of big data, there’s a need for organization and efficiency. That’s the premise by Nugit, a Singapore-based startup that this week announced it has raised $5.2 million in fresh funding from Sequoia Capital’s India fund. Read More
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Southeast Asia’s Eatigo lands $10M+ from TripAdvisor for its discount restaurant service
Oh you thought location-based food deal services were done and dusted! Eatigo, a discount restaurant booking service that bills itself as the anti-Groupon, would have you believe otherwise. The startup has closed new funding to the tune of over $10 million from travel giant TripAdvisor to expand its service across Southeast Asia. Read More
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500 Startups announces new $50 million fund for Southeast Asia
500 Startups’ organization in Southeast Asia — 500 Durians — is back with a new $50 million fund to press on with early-stage startup dealmaking in the emerging region, which counts over 600 million consumers. Read More
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Online fashion retailer Grana raises $10M led by Alibaba’s entrepreneurship fund
Grana, a two-year-old online fashion retailer based in Hong Kong, has announced that it has raised $10 million in fresh funding led by Alibaba’s entrepreneurship fund. Read More
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Stripe payments exits beta in Japan, adds Sumitomo Mitsui Card Company as investor
Stripe, the company that lets app publishers, online merchants and other digital businesses include payments features via a few lines of code, is expanding in Asia. After launching in Singapore two weeks ago, the startup is now officially opening for business in Japan. And alongside the Japan launch, Stripe is announcing a new investor. Sumitomo Mitsui Card Company, the largest credit… Read More
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Facebook launches pared back Android chat app to keep growing its messaging empire
Facebook is seeking to fill in some of the gaps in the reach of its messaging app empire, announcing today a new standalone version of its Messenger app, Messenger Lite, specifically designed for older Android devices with limited storage and for slower, data-constrained Internet connections. Read More
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Chat app Line backs VC funds to unlock global growth opportunities
Chat app company Line is investing in international opportunities after it announced that it is backing two VC firms: DAG Ventures in the U.S. and France-based Korelya Capital. Read More
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Line invests $45 million into Snapchat clone Snow
Line, the messaging company that went public in the year’s highest IPO to date, is diversifying its business and focusing on social after it invested $45 million (50 billion KRW) in Snow, a Snapchat clone focused on Asia. Read More
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Singapore’s Greyloft lands $1.1M to build a real estate agency for the digital era
Greyloft is a Singapore based startup running what it describes as an estate agency for the digital era. Read More
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Spotify finally launches in Japan, the world’s second largest music market
Afters years of waiting, Spotify has finally launched its music streaming service in Japan. We reported earlier this month that the launch would happen before September is out, and the company just about delivered on that timeframe. Read More
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Didi Chuxing makes information security push with new U.S. research lab and hires
Didi Chuxing, China’s largest ride-hailing company, has hired two distinguished security experts to lead a new U.S.-based research center as part of a major push to increase its data security efforts. Read More
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Tink Labs raises $125M to put its free-to-use smartphone in more hotel rooms worldwide
Tink Labs offers a free-to-use smartphone for hotel guests that lets them enjoy free services, and gives hotels a powerful channel to engage their guests. Read More
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Google Play Music is now available in India
Google looks to have launched its Play Music store in India today. Read More
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Google expands its initiative to provide free Wi-Fi hotspots in emerging markets
Google today announced a collection of updates aimed at helping get ‘the next billion’ internet users in India and emerging markets online. One of the more subtle yet interesting components to that push is the launch of Google Station, a project to enable public Wi-Fi hotspots. Read More
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Xiaomi’s newest phones include dual-lens camera and under-glass fingerprint reader
Hot on the heels of the launch of the iPhone 7 Plus, Apple’s first smartphone with dual reverse-facing cameras, China’s Xiaomi has joined the double camera club with Mi 5s Plus announced today. Read More
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Chinese taxi-hailing giant Didi eyes bicycle sharing with its latest investment
Didi Chuxing, China’s largest ride-hailing company, may be about to get into bicycles. Bike sharing, to be precise. The company, which is in the process of finalizing its acquisition of Uber’s business unit in China, today revealed that it has invested in bike-sharing startup Ofo. Read More
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Singapore-based music startup buys 49% stake in Rolling Stone
The company behind iconic music magazine Rolling Stone has sold a 49 percent share in the business to a startup from Singapore in a bid to grow its international reach. Read More
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Uber rival Grab partners with Nutonomy to test self-driving cars in Singapore
Fresh from raising $750 million in new financing this week, Uber rival in Southeast Asia Grab is now making a move into the self-driving car space after it agreed to a partnership with NuTonomy, the MIT spin-out that is developing autonomous vehicles. Read More
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