China has banned ICOs
It is looking like a new era is coming for ICOs, at least those in China for now. In the U.S., the SEC has issued official warnings around the risks of ICOs, also known...
Tagged: Asia
GoGoVan becomes Hong Kong’s first $1 billion startup following merger deal
At our TechCrunch China event in June we discussed the bright future that Hong Kong’s startup scene has, despite some big challenges. This week the country passed a notable milestone as it got its...
Thailand’s Kasikorn Bank backs cloud accounting startup in first deal for $30M fund
Thailand’s banks have stepped up to chase the startup dream over the past year. Following on from SCB’s Digital Ventures, which has backed blockchain startup Ripple among others, Kasikorn Bank (KBank) has made the...
Uber rival Grab nets strategic investment from Toyota
Uber’s Asia-based rival Grab has confirmed that it has taken an undisclosed investment from Toyota. The Japanese automotive giant has been named as one of the participants in Grab’s Series G round which is...
Uber back running in the Philippines after it paid $9.6M in penalties
Uber has had a one-month suspension of its service in the Philippines lifted early after it agreed to pay nearly $10 million in fines and aid for drivers affected by the service being suspended,...
Renault-Nissan and Dongfeng partner to build electric cars for China
Another major automaker is setting up a dedicated joint venture to build EVs for the growing demand in China, joining Ford and Volkswagen: This time, it’s Nissan-Renault, which will work with China’s Dongfeng Motor,...
China doubles down on real-name registration laws, forbidding anonymous online posts
China’s crackdown on Internet freedom is getting even more intense. Last Friday, the country’s top Internet censor announced a new set of regulations (link via Google Translate) meant to eliminate posts by anonymous users...
Indonesian Uber rival Go-Jek closes in on new $1.2 billion round
Go-Jek, the on-demand transportation company that rivals Uber and Grab in Indonesia, is getting close to pulling in its next huge funding round. That’s because JD.com, the China-based e-commerce firm that rivals Alibaba, has...
Samsung heir handed 5-year jail sentence for bribery
Samsung vice chairman and the company’s heir apparent Jay Y. Lee is headed to jail after a court in Korean ruled that he is guilty of bribery, embezzlement, capital flight and perjury charges. Lee,...
Grab is investing $100M to shut Uber out of fast-growing Myanmar
Grab is going all out to win the nascent ride-hailing market in Myanmar after it committed to investing $100 million into the Southeast Asian country over the next three years. Myanmar might just be...
