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Kenneth Ho

Founder & Director @ BEAMSTART. Just launched a VC fund to accelerate awesome startups.

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AirAsia serious about food delivery; buys DeliverEat for $9.8 million

AirAsia's acquisition of DeliverEat is expected to close by Q3 2021.

BEAMSTART.COM

TikTok now has over 1.9 billion users; revenues double in past year

TikTok's parent company posted an operating loss of $2.1 billion.

BEAMSTART.COM

Android to soon let users 'opt-out' of ad-tracking; following Apple's privacy footsteps.

This will give Android users more privacy and control over how advertisers track them.

BEAMSTART.COM

Members can now receive 0% transaction fees when processing payments with Stripe

Successful applicants will also receive exclusive access to private events.

BEAMSTART.COM

China's number of new investors grew in April at slowest pace in 13 mths

The number of new investors for the A-share market increased by 1.7 million in April, or 3.1% year-on-year, its slowest since March 2020.

DEALSTREETASIA.COM

Stripe acquires Bouncer, will integrate its card authentication into the Radar fraud detection tool – TechCrunch

On the heels of a $600 million fundraise earlier this year, payments giant Stripe has been on an acquisition march to continue building out its business. In the latest development, the company has acquired Bouncer, a startup based in Oakland that has built a platform to automatically run card authentications and detect fraud in card-based […]

TECHCRUNCH.COM

E-grocer Grofers scraps IPO plans, in talks to raise USD 100 million from food tech giant Zomato | KrASIA

Zomato temporarily rolled out grocery delivery service last year when India was under lockdown and the demand for groceries had picked up.

KR-ASIA.COM

Smartphone shipments jumped 27% globally in Q1 – TechCrunch

More good news from a smartphone market currently rebounding from the far-reaching impacts of the pandemic. New numbers from Canalys put global shipments for Q1 2021 at 27% above where they were the same time last year. The industry was hit early and hit hard by COVID-19. The first quarter saw the company running into […]

TECHCRUNCH.COM

China Tech Digest: Baidu To Launch Robotaxi Service In May; JD Logistics’ HK IPO Approved

China Tech Digest: Baidu To Launch Robotaxi Service In May; JD Logistics' HK IPO Approved – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

China's Baidu to launch paid driverless ride-hailing services in Beijing

Baidu will launch paid driverless robotaxi services in Beijing from May 2, the Chinese tech giant said on Thursday, making it the among the first companies in the country to offer autonomous driving robotaxi services to paying users.

REUTERS.COM

Tesla cars can drive with nobody in the driver's seat, Consumer Reports engineers find

Consumer Reports said Thursday that in testing this week it found it could

CNBC.COM

ByteDance squares off against Meituan in local services market

Tech unicorn ByteDance is stepping up its efforts in China’s local services market through short video platform Douyin, the sister app of TikTok.

SCMP.COM

China doubles down on regulation of livestream e-commerce · TechNode

Livestream e-commerce has become essential to marketing in pandemic-era China—more than 4 million e-commerce sessions were streamed in Q1 2020.

TECHNODE.COM

Tesla vice president of legal Al Prescott leaves to join Luminar, a lidar company

Tesla previously lost three general counsels over the course of a year in 2018 and 2019.

CNBC.COM

EVs set to take off in China as rural consumers embrace USD 4,400 model | KrASIA

Shanghai auto show opens, targeting middle class in cities next.

KR-ASIA.COM

Tiger to invest $100m in Indian vehicle repair startup GoMechanic

GoMechanic claims to have more than 500 service partners on its platform and over 10,000 car services a month, according to its website.

DEALSTREETASIA.COM

Used electronics trading platform Aihuishou eyes up to $1b in US IPO

Aihuishou has hired Bank of America and Goldman Sachs to work on the IPO and plans to file around mid-May.

DEALSTREETASIA.COM

China Tech Digest: ByteDance Won Global Video Codecs Comparison Event; Digital RMB Tested In Hong Kong

China Tech Digest: ByteDance Won Global Video Codecs Comparison Event; Digital RMB Tested In Hong Kong – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

Foreign direct investment into China surges nearly 40 per cent in first quarter

A total of 10,263 new foreign-invested companies were established in China from January to March, and the FDI growth rate far surpassed the rate seen during the same period in 2019, before the coronavirus.

SCMP.COM

EU to consider ban on using A.I. for mass surveillance and social credit scores

Using AI software for mass surveillance and ranking social behavior could soon be outlawed in Europe, according to draft legislation shared online.

CNBC.COM

Japanese VC Samurai Incubate closes $18.6M fund for African startups – TechCrunch

Samurai Incubate, a Tokyo-based venture capital firm, announced today it has closed its “Samurai Africa 2nd General Partnership” fund, totalling 2.026 billion yen (~$18.6 million). According to the firm, the fund was oversubscribed as it targeted 2 billion (~$18.4 million) and a total of 54 investors joined as LPs. One notable LP is the Toyota […]

TECHCRUNCH.COM

China gets serious about antitrust, fines Alibaba $2.75B – TechCrunch

Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet conglomerates. In November, China proposed sweeping antitrust regulations targeting its interent economy. In late December, the State Administration for Market Regulation said […]

TECHCRUNCH.COM

China's Abogen Biosciences raises $92m in Series B round

Suzhou Abogen Biosciences has raised as much as 600-million yuan ($92 million) in its Series B round to expand its operation.

DEALSTREETASIA.COM

Exclusive: China's Bilibili in talks to buy Yoozoo Games' stake in $765 million deal - sources

China's Bilibili is in talks to buy a 24% stake in Yoozoo Games as part of a nearly 5 billion yuan ($765 million) deal, two people said, as the online video site aims to tap its legion of young users to grow in the world's top gaming market.

REUTERS.COM

Twitter said to have held acquisition talks with Clubhouse on potential $4B deal – TechCrunch

Twitter held talks with Clubhouse around a potential acquisition of the live drop-in audio networking platform, with a deal value somewhere around $4 billion, according to a report from Bloomberg. TechCrunch has also confirmed the discussions took place from a source familiar with the conversations. While the talks occurred over the past several months, they’re […]

TECHCRUNCH.COM

Audio app Clubhouse in talks to raise funds at $4 billion valuation: Bloomberg News

Clubhouse did not immediately respond to a Reuters request for comment.

REUTERS.COM

Software firm Canva valued at $15 billion after latest investment

Australian software firm Canva on Tuesday said the company's valuation had more than doubled to $15 billion following an investment of $71 million.

REUTERS.COM

Fintech start-up Stripe enters the Middle East with UAE launch

Online payments company Stripe opens its first Middle East office in Dubai, in the United Arab Emirates.

CNBC.COM

Indian baby products startup SuperBottoms raises $2m Series A

Baby products startup SuperBottoms has raised $2 million as a part of its Series A round from Saama Capital and DSG Consumer Partners.

DEALSTREETASIA.COM

Three ways VC firms can construct sustainably diverse portfolios – TechCrunch

Underrepresented founders are the most undervalued asset class in the U.S. today, and investors are starting to realize that diversity is not charity -- it’s economic opportunity.

TECHCRUNCH.COM

The Briefing: Air Taxi Startup Lilium Going Public, HighRadius Closes $300M Series C, And More

Crunchbase News' top picks of the news to stay current in the VC and startup world.

NEWS.CRUNCHBASE.COM

MessageBird acquires 24sessions to bring video to its ‘omnichannel’ platform – TechCrunch

MessageBird, the omnichannel cloud communications platform recently valued at $3 billion, is continuing to ramp up its M&A activity. Following last year’s acquisition of Pusher, a company that provides real-time web technologies, it is announcing that it has acquired “video-first” customer engagement platform 24sessions, and customer data platform Hull. Terms of the two new deals […]

TECHCRUNCH.COM

Exclusive: PayPal launches crypto checkout service

PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.

REUTERS.COM

China's Geely to set up new aerospace company

China's Zhejiang Geely Holding Group plans to set up a commercial aerospace company to develop its satellite and communications technologies in the southern city of Guangzhou, local government said on Tuesday.

REUTERS.COM

Report: Korean Startups raised $362 billion across 816 deals in 2020.

The report was published by Startup Recipe, a tech media company from South Korea

BEAMSTART.COM

Twitter could takeover Clubhouse with its new feature: Spaces

Twitter has been testing Spaces for a while now, and is gradually opening it up to more users.

BEAMSTART.COM

Government Grants and Funding in Malaysia - a comprehensive list for startups and SMEs

An updated list of government grants available in Malaysia for startups and new businesses

BEAMSTART.COM

Lalamove logistics services skyrocket in recent months; raising $1.5 billion

Lalamove is looking to raise a final $200 million before closing the Series F round.

BEAMSTART.COM

Zoom plans $1.5 billion share sale at 10 times its IPO price

Zoom said on Tuesday that it will sell about 4.4 million shares in a secondary offering.

CNBC.COM

PayPal to Enter China’s Online Payment Market - Pandaily

Following U.S. digital money transfer platform PayPal’s acquisition of Chinese licensed payment company GoPay in 2019, PayPal made another move to hold the full equity of GoPay today.

PANDAILY.COM

Sea Group firms up digital payments play in Indonesia with Bank BKE acquisition

The deal can be seen as part of Sea Group's ongoing plan to increase customer retention on Shopee by doubling down on ShopeePay.

DEALSTREETASIA.COM

B2B SaaS platform VComply raises $6m led by Counterpart Ventures, Accel

In July 2019, VComply, had secured $2.5 million in a seed funding round led by Accel.

DEALSTREETASIA.COM

Text marketing startup Voxie raises $6.7M – TechCrunch

Like many startups, Atlanta-based Voxie was created to solve a problem that founder and CEO Bogdan Constantin faced himself. In Constantin’s case, this was at his previous tuxedo rental startup Menguin (ultimately acquired by Generation Tux), where he said he had to market a product with a six-to-nine month sales cycle, as customers were usually weighing […]

TECHCRUNCH.COM

Banking software start-up Mambu raises $135 million at a $2.1 billion valuation

Mambu is the latest financial technology company to achieve the coveted status of

CNBC.COM

ADB invests $75m in OrbiMed's fourth Asia-focused healthcare PE fund

Manila-based Asian Development Bank has committed $75m to the fourth Asia-focused healthcare fund of US-headquartered investment firm OrbiMed.

DEALSTREETASIA.COM

KEY STAT | China's 'Nvidia rival' Horizon Robotics raises fresh money | KrASIA

The company plans to raise over USD 700 million in its Series C round.

KR-ASIA.COM

Baidu picks CLSA, Goldman for secondary listing in Hong Kong

Baidu joins a wave of US-listed Chinese firms in seeking a trading foothold in Hong Kong amid simmering tensions between the world’s two biggest economies. Companies from JD.com to NetEase raised about US$17 billion through share sales in Hong Kong last year, according to Bloomberg’s data.

SCMP.COM

Trump targets Ant’s Alipay, WeChat Pay in latest app bans

US President Donald Trump signed an order banning US transactions with eight digital Chinese payment platforms including Ant Group Co’s Alipay in 45 days, when he’ll no longer be in office.

THESTAR.COM.MY

Over One-Third of the Global Industrial Robots Were Manufactured in China - Pandaily

China’s robotics industry saw rapid growth this year. According to a report released by Buy Shares, there were 381,000 units of industrial robots globally as of September 2020.

PANDAILY.COM

Chinese Startups And Venture Capitalists Bet Big On Open Source RISC-V

Chinese Startups And Venture Capitalists Bet Big On Open Source RISC-V – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

Huawei Pay joins hands with Aleta Planet to introduce NFC, QR code payments for S'pore users | e27

Users can transact in-store and in-app using the mobile payment solution upon adding their bank card to the Huawei Wallet app

E27.CO

Investors left in the lurch as investment platform CoAssets runs into trouble

THE Monetary Authority of Singapore (MAS) will review and take necessary action if CoAssets' licensed subsidiary - now known as CA Funding - has breached regulations. Read more at The Business Times.

BUSINESSTIMES.COM.SG

AI chipmaker Graphcore raises $222M at a $2.77B valuation and puts an IPO in its sights – TechCrunch

Applications based on artificial intelligence — whether they are systems running autonomous services, platforms being used in drug development or to predict the spread of a virus, traffic management for 5G networks, or something else altogether — require an unprecedented amount of computing power to run. And today, one of the big names in the […]

TECHCRUNCH.COM

Self-driving robotaxis are taking off in China

The world has been inching toward fully autonomous cars for years. In China, one company just got even closer to making it a reality.

EDITION.CNN.COM

Tencent, Jeneration Capital Leads RMB2 Billion Round In Medbanks

Tencent, Jeneration Capital Leads RMB2 Billion Round In Medbanks – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

Cakap bags US$3M in Series A+ funding to expand its language learning platform in Indonesia | e27

Cakap claims its student numbers have grown 10X since the beginning of the year and 30X compared to the same period last year

E27.CO

China’s e-commerce titan Alibaba hit with antitrust probe – TechCrunch

China’s top market watchdog has begun a probe into Alibaba over alleged anti-competition practices at the e-commerce firm, the latest of Beijing’s efforts to curb the country’s ever-expanding internet titans. The State Administration for Market Regulation said Thursday in a brief statement that it is investigating Alibaba over its “choosing one from two” policy, in […]

TECHCRUNCH.COM

SE Asian travel app Traveloka weighs public listing including SPAC option

Jakarta-based Traveloka is among a handful of Southeast Asian companies that are targets of SPACs, bankers said.

DEALSTREETASIA.COM

India: Pine Labs' valuation tops $2b after Lone Pine investment

Lone Pine’s investment follows the strategic investment made by Mastercard in January 2020, when Pine Labs attained unicorn status.

DEALSTREETASIA.COM

China's MicuRx Pharma secures $107m in Series E round

China Merchants Securities, Korea Investment Partners, Yingke PE, Founder H Fund, Zhongtai Ventures, and Detong Capital joined the round. 

DEALSTREETASIA.COM

Internet Firms Including Alibaba And Tencent Remove Bank Deposit Products

Internet Firms Including Alibaba And Tencent Remove Bank Deposit Products – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

Coinbase Files To Go Public

The move comes as the price of bitcoin rose to a record high this week.

NEWS.CRUNCHBASE.COM

EU approves Google's $2.1 billion acquisition of Fitbit, subject to conditions

Google's $2.1 billion acquisition of Fitbit has been conditionally approved by the European Commission, the executive arm of the EU.

CNBC.COM

Speedoc snags US$5M Series A to drive faster adoption of digital health services in Singapore | e27

Speedoc operates as a platform that combines offline and online services to provide healthcare to patients in their homes

E27.CO

France, China developing biologically engineered supersoldiers: report

Last week, France gave the go ahead for augmented soldiers, and some fear the super troopers could be the new norm in the recent future.

NYPOST.COM

Gojek invests in Bank Jago, marking its entrance into digital banking | KrASIA

Our aim is to make the Gojek app a reliable resource for everyone’s financial needs, said co-CEO Andre Soelistyo.

KR-ASIA.COM

When is a pandemic over?

Consider the following scenario: a highly infectious, sometimes deadly respiratory virus infects humans for the first time. It spreads rapidly worldwide, and the WHO declares a pandemic. The death toll starts to rise and everyone is asking the same question: when will the pandemic end? Alex Rosenthal details the three main strategies governments can use to contain and end a pandemic. [Directed by Visorama, narrated by Jack Cutmore-Scott, music by Bamm Bamm Wolfgang].

TED.COM

Bumble reportedly filed confidentially for an IPO – TechCrunch

Today Bumble, a popular dating-focused startup, was reported by Bloomberg to have filed IPO documents, albeit privately. The news that Bumble is pursuing an IPO is not a surprise. TechCrunch covered the story in September, noting the huge revenues that its rival Tinder has managed to accrete, possibly indicative of a sufficiently large market to […]

TECHCRUNCH.COM

Singapore airport goes sub-zero for COVID-19 vaccine transport plan

SINGAPORE (Reuters) - As the door of the vaccine transport cart opens at Singapore's Changi airport, the sub-zero temperatures inside collide with the warm, tropical air, creating a carpet of steam like hot breath on a winter's day.

THESTAR.COM.MY

Mental wellness platform Lyra Health is raising up to $175M at a $2.25B valuation – TechCrunch

The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. Even the spread of remote work is part of the problem: As everyone stays at home, the lack of interaction and watercooler chat has left employees without in-person interaction. The need for a solution has helped tech-powered mental […]

TECHCRUNCH.COM

Tokopedia engages Morgan Stanley and Citi as plans to go public accelerate | e27

CEO William Tanuwijaya had previously expressed his desire for a dual listing to ensure local employees and Indonesians can own shares of the firm

E27.CO

Flipkart saw annual loss widen by 20% in latest financial year | KrASIA

Flipkart Wholesale, the B2B arm of the Flipkart Group reported a 22.3% dip in losses in FY 20.

KR-ASIA.COM

China Tech Digest: Report Shows Internet Jobs Ranks Lowest On Happiness

China Tech Digest: Report Shows Internet Jobs Ranks Lowest On Happiness – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

ServerDNA sets new record; one of the largest online gamers gathering in the country.

ServerDNA's event garnered over 62k participants throughout the 2 days.

NEWSASIATODAY.COM

You Can Finally Share Tweets in Snapchat

Twitter and Snapchat are technically rivals in the social media marketplace, but the two companies recently joined forces to make sharing tweets in Snapchats much easier. The new cross-platform share option is available for Twitter on iOS right now, and it’ll hit Android soon.

LIFEHACKER.COM

Roblox buys digital avatar startup Loom.ai – TechCrunch

Roblox announced today that it’s buying a digital avatar startup called Loom.ai. Purchasing a company that has focused singularly on creating more realistic human avatars is an interesting play for a gaming platform that has made such an impact by building experiences that tend to cast realism to the wayside. We covered the company’s $1.35 […]

TECHCRUNCH.COM

Public.com Secures $65M Series C For Social Investment Network

Public.com enables users to buy any stock with any amount of money, and around that, can participate in social communities.

NEWS.CRUNCHBASE.COM

SG's co-living startup Cove raises $4.6m Series A led by Keppel Land

Cove was founded in 2018 as a startup providing co-living options for young professionals and students in Southeast Asia.

DEALSTREETASIA.COM

Chinese printing technology firm Apexmic bags $488m strategic investment led by ICF

Twelve investors including Zhuhai Gree Financial Investment Management, Goldstone , and Hengqin Financial Investment also invested.

DEALSTREETASIA.COM

Helicap partners with Credit Saison Group to provide US$10M debt financing to alternative lending platforms in SEA | e27

The collaboration aims to create a significant impact, especially for low-income borrowers and micro-enterprises in Vietnam and Indonesia

E27.CO

Facebook’s UK users will lose EU privacy protections next year

The move will affect Instagram and WhatsApp users as well

THEVERGE.COM

ClickUp hits $1 billion valuation in $100M Series B raise – TechCrunch

Just six month after raising its first bit of outside funding, ClickUp has closed $100 million in new funding and reached a $1 billion valuation, a report in Bloomberg first reported. The company has seen plenty of growth in the past several months to justify that new unicorn status, including doubling the amount of users […]

TECHCRUNCH.COM

BlackRock Launches Solution for Financials and Investors to Quantify Climate Risk in Portfolios - ESG Today

BlackRock, the world’s largest asset manager, announced today the launch of Aladdin Climate, a software-based solution enabling financial institutions and investors to quantify and measure the physical risk of climate change and the transition risk to a low-carbon economy on their portfolios, using climate-adjusted security valuations and risk metrics. According to BlackRock, the new platform […]

ESGTODAY.COM

China saw first online payment using Digital Currency Electronic Payment

China’s first online order by Digital Currency Electronic Payment (DECP) was made by a Suzhou online shopper at JD.com on December 11, right after Suzhou’s government kicked off the Double 12 shopping festival and issued RMB 20 million DCEP in partnership with The People’s Bank of China, the central bank of China. Suzhou is the first city to test online consumption scenarios by DCEP, with JD Digits (JDD) providing support in technology and services, helping connect financial institutions with online purchasing applications. JDD is the first technology company to test the DCEP in China with state-owned banks, connected with online

CHINAINTERNETWATCH.COM

Malaysia’s Fave struggles to get cashback train on track

One pivot, a series of acquisitions, and a US$4 million down round later, Fave is still struggling to find a strong footing for its business.

THE-KEN.COM

JD.com ups stake in China's grocery delivery race with $700m Xingsheng investment

Xingsheng had closed about $800 million in a round led by KKR & Co, with participation from Sequoia Captial China, and others, in July.

DEALSTREETASIA.COM

Digitalization Solutions Firm DEEPEXI Secures $40 Million

Digitalization Solutions Firm DEEPEXI Secures $40 Million – China Money Network - China Money Network

CHINAMONEYNETWORK.COM

Reddit to Buy TikTok Rival Dubsmash in New Video Push

Reddit, the 15-year-old online news aggregator and discussion forum, has agreed to buy lip-synching video app Dubsmash, one of the few remaining startups to rival TikTok, according to two people with direct knowledge of the deal. The acquisition, originally set to be announced on Monday, marks ...

THEINFORMATION.COM

UOB's second Asia impact fund hits first close at US$60M | e27

The fund will invest US$1-15M into high-growth companies working to improve the livelihoods of underserved communities in SEA and China

E27.CO

US gaming platform Roblox to delay IPO until next year

The firm had filed to raise $1 billion through an IPO on the New York Stock Exchange and was expected to join a year-end IPO wave.

DEALSTREETASIA.COM

Appboxo gets $1.1 million seed to build a mini-app ecosystem for all developers – TechCrunch

Pioneered by WeChat almost four years ago, mini-apps are now common in China and India, and gaining traction in other markets, too. Mini-apps, or lightweight apps designed for integration into host apps, allow smartphone users to access several services through one app, saving them data and storage space. They also give host apps more ways […]

TECHCRUNCH.COM

China fines Alibaba, Tencent’s e-book subsidiary over anti-trust violations – TechCrunch

The Chinese government is moving to curb the power of some of China’s most influential internet companies. The country’s top market regulator announced Monday that it is fining Alibaba and China Literature, Tencent’s e-book spinoff, for failing to report their past acquisition deals for clearance. The cases involve Alibaba’s equity investments in major Chinese mall […]

TECHCRUNCH.COM

Hartalega confirms 35 employees test positive for Covid-19

KUALA LUMPUR: Hartalega Holdings Bhd has confirmed that 35 of its employees tested positive for COVID-19, 20 of them are at the Bestari Jaya operations and 15 at the Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang.

THESTAR.COM.MY

Apple to Remove Remaining Unlicensed iOS Games from Chinese Market by Jan. 1 - Pandaily

On Dec. 2, Apple sent an email to the remaining developers who own unlicensed games on App Store China

PANDAILY.COM

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