Asia

Google has yet more news from China after the U.S. search firm announced a patent cross-licensing agreement with Chinese tech giant Tencent. The terms were not disclosed, but Google said the tie-in with Tencent, which is valued at over $500 billion, covers “a broad range of products and technologies” and is “long-term.” The two firms
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JD.com, the Chinese e-commerce firm that rivals Alibaba, has continued its expansion in Southeast Asia with an investment in Vietnam-based Tiki, a seven-year-old online retail service. JD.com is leading a Series C investment round in Tiki alongside VNG, the Vietnam-based online media and gaming company that is already an investor. The round itself is undisclosed, but
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Rappler, a high-profile new media news organization in the Philippines, is facing closure after the Securities and Exchange Commission (SEC) revoked its registration for an alleged breach of the country’s constitution. Rappler was started in 2012 by Filipino journalist Maria Ressa and it is a global case study for media in the 21st century with a digital-first platform and focus
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Apple’s plan to migrate China-based iCloud user accounts to a local host on Chinese soil is already running into controversy after the iPhone-maker appeared included accounts registered overseas in the data. China-based users were informed of the upcoming migration yesterday, which Apple said “will allow us improve the speed and reliability of our iCloud services products
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Fresh from its first international expansion following the acquisition of Brazil’s 99 last week, Chinese ride-hailing giant Didi Chuxing announced another significant move by revealing plans for its own bike-sharing platform. The platform will integrate Ofo — the company that counts Didi as an investor — as well as financially stricken service Bluegogo — which Didi has
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China banned bitcoin, ICOs and now it appears to be clamping down on Chinese miners, an important group estimated to produce some three-quarters of the world’s supply of bitcoin. According to a leaked January 2 memo from the ‘Leading Group of Internet Financial Risks Remediation’ — the country’s internet finance regulator which initiated the clampdown
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