Chinese tech giant Alibaba has made a big play for the South Asian e-commerce market, with its acquisition of Rocket Internet-owned Pakistani platform Daraz. The Karachi-based firm, founded in 2012, operates in…
Lenovo Could be Dropped from Hong Kong Index, as Huge Slide Continues
Chinese computing firm Lenovo could lose its spot on Hong Kong’s equity index, as it sheds value more than any other technology company. The Beijing- and Morrisville, North Carolina-headquartered manufacturer, has lost…
impACT is Bringing Conflict-hit Entrepreneurs out from the Cold
Last May a truck bomb detonated in Kabul’s diplomatic quarter, killing at least 90 people and injuring almost 500. It was another deadly chapter in the city’s modern history. For the trio…
Alibaba-backed AI Startup SenseTime Bags Record $600m Funding Round
A Chinese artificial intelligence startup has just closed a funding round worth $600 million, which is the single largest venture investment in the burgeoning AI industry. SenseTime, a Beijing-based face and image…
Alibaba Buys Food Delivery Firm Ele.me in $9.5bn Deal
Chinese e-commerce giant Alibaba has acquired Ele.me, an online food delivery service, in a deal worth $9.5 billion. Ele.me, founded ten years ago and headquartered in Shanghai, is operational in over 2,000…
Investment Giants Eye FINO Stake
Japan’s SoftBank Group, alongside Singaporean state investor Temasek and Morgan Stanley, are considering a 33% stake in Indian fintech firm Financial Information and Network Operations (FINO). The deal, through which the trio…
In the Race to Build the Car of the Future, Israel is Speeding Ahead
Israel’s status as a leading tech nation is not in doubt. The Middle Eastern state of just eight million people, known as “Silicon Wadi”, is home to 5,000 startups and 750 venture-backed…
Indian Ed-tech Firm IMAX Program Wins $13.5m Funding
IMAX Program, a Bengaluru-based personal education startup, has won $13.5 million from the Michael and Susan Dell Foundation to expand its customer base throughout India. The company, which currently serves over 800…
CES Showcases Gadgetry, AI and How Tech’s Power Map is Changing
As if 2017 wasn’t the year that confirmed anything could be hooked up to the net, CES – traditionally the season opener for the year in tech – went into IoT overload…
SoftBank Ponders Massive Telco IPO
Japanese telecommunications giant SoftBank is considering an IPO of its Japanese mobile phone business, in a move that could raise ¥3 trillion ($18bn). The share sale, to take place on the Tokyo…