Asia

Hyperloop One, which is now Virgin Hyperloop One thanks to strong backing from billionaire Richard Branson, has signed a couple of new memorandums of understanding (MOUs) with Indian government agencies to conduct preliminary studies into hyperloop route construction feasibility. Virgin Hyperloop One’s goal (besides making their official name an increasingly difficult mouthful) is to build
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Tencent announced another impressive quarter of financials yesterday, but the Chinese internet giant — which is creeping towards a $500 billion market cap — made other financial moves this week. Reuters reported that the firm invested $150 million Chinese cinema ticketing startup Maoyan, which was created from a merger between dominant players Maoyan and Tencent-backed Weiying this
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Bike-sharing, the year’s hottest startup trend in China and beyond, looks like it is about to see the biggest casualty of its cut-throat competition. Bluegogo, which had raised $90 million from investors and operates around 700,000 bikes across China, seems headed for the deadpool after Technode, our Chinese partner site, reported that the company has
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Chinese internet Baidu is widely credited for being one of the first to dive deep into artificial intelligence, hiring Coursera co-founder Andrew Ng (who has since departed) to lead its efforts back in 2014. Surprisingly, then, it has taken the company until today to release its own smart home products. But, far from another identikit contender,
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Tencent, Asia’s highest-valued technology company, has smashed analyst forecasts for its Q3 2017 after it posted a profit of 18 billion RMB ($2.7 billion) on revenue of 65.2 billion RMB ($9.8 billion). That blew past expectations of 15.7 billion yuan and 61 billion yuan, according to analysts polled by S&P Global Market Intelligence, thanks to its high-performing mobile
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New CEO Dara Khosrowshahi has been vocal in pledging to reform Uber’s toxic culture to take the business to the next level — and ultimately an IPO — but, over in Asia, another recent arrival is presiding over a revamped approach which includes turning those who were once enemies into friends. Brooks Entwistle, a former Chairman of Goldman Sachs Southeast
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WeLab, an financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series B+, brings its total funding so far to $425 million. Investors include the Alibaba Hong Kong Entrepreneurs Fund, the World Bank’s International
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Amazon has continued its hardware push into Asia after it launched the Echo, Echo Plus, and Echo Dot in Japan today. Alongside the hardware, it is also making its Alexa voice assistant available in the country. That means that developers will gain access to Alexa Skills — which has support for Japanese — while consumers
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We’re approaching one year since Amazon expanded its Prime video service to over 200 countries internationally, and today the company is doubling down on that global audience with the introduction of a ‘Basic Edition’ of its popular Fire TV Stick that ships to over 100 countries. The company unveiled a much-improved third-generation version of the
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Apple’s blockbuster Q4 pushed the company’s valuation to $900 billion, but it also saw the firm return to growth in key market China following a challenging past couple of years. Analysts already reported that Apple saw shipment growth in China during the last quarter with a 41 percent increase, but now the company’s latest financial
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