Chinese internet giant Tencent has taken a 12 percent stake in Snapchat parent Snap, according to documents released Wednesday.
WeLab, a Hong Kong-based financial technology firm backed by billionaire Li Ka-shing, has raised $220 million in new funding from investors including Credit Suisse Group AG and the World Bank’s International Finance Corp.
Apple Pay Cash is now available in beta for iPhone, iPad, and Apple Watch. The new feature lets you send and receive payments using Apple Pay over iMessage as well as pay in stores with a new Apple Pay Cash virtual debit card.
Singapore-based Smartkarma, an online marketplace for investment research on Asian companies with professional investors, has raised US$13 million (S$17.7 million) in a round led by Sequoia India to expand its sales and distribution overseas.
Southeast Asia’s cash back-focused e-commerce service ShopBack announced today that it has raised $25 million in a funding round led by Japanese credit card issuer and Mizuho Financial Group affiliate Credit Saison, bringing their total funding to US$40m.
Southeast Asia’s PC online and mobile game revenue is projected to reach $2.2 billion by the end of 2017, and it could rise to $4.4 billion by 2021, according to a new report by market researcher Niko Partners.
Malaysia-based local services startup Kaodim has raised $7 million in a funding round led by Australia venture capital firm Square Peg Catital and Shang-hai-headquartered SIG Asia Investments.
According to a new report by App Annie, App downloads and revenue hit record levels in the third quarter of 2017. Downloads across two main app stores, Google play and App store, reached 26 billion worldwide, up 8 percent over the same time last year.
Indonesia’s ride-hailing service is reportedly to make a strategic investment in payments gateway startup Midtrans, according to three people aware of the development.
The global smartphone market has momentum going into the year-end holiday shopping season, according to a report released Thursday by research firm IDC.