Catherine Shu
Writer
The Latest from Catherine Shu
Chinese e-commerce giant JD.com’s shares gain 5.7% in their Hong Kong debut
Chinese e-commerce giant JD.com’s shares rose 5.7% after opening at HKD $239 (about USD $30.80) during their first day of trading on the Hong Kong stock exchange. JD.com had originally priced the sh
Reebelo, a Singapore-based site for refurbished electronics, raises $1.25 million seed round
Reebelo, a Singapore-based marketplace for refurbished electronics, has raised a seed round of $1.25 million led by June Fund, with participation from Antler. The new funding will be used for hiring,
SoftBank confirms it may sell some of its T-Mobile stake
SoftBank Group confirmed today it is considering selling its T-Mobile U.S. shares. Bloomberg reported last month that SoftBank was nearing an agreement to sell about $20 billion of its T-Mobile U.S. s
Grab to lay off 360 people, or about 5% of its employees
Grab is laying off about 360 people, or slightly less than 5% of its employees. Co-founder and CEO Anthony Tan made the announcement in a letter to Grab employees today. A Grab spokesperson told TechC
Maria Ressa, founder of Filipino independent media site Rappler, found guilty in cyber libel trial
Veteran journalist Maria Ressa, the founder of Filipino independent news site Rappler, was found guilty on Monday of cyber libel charges by a Manila court. She faces up to six years in prison. Critics
Enterprise automation platform JIFFY.ai raises $18 million Series A
Enterprise automation startup JIFFY.ai announced today it has raised $18 million in Series A funding for product development and expansion into new markets around the world. The company is also keen t
Insurance data analytics platform Planck raises $16 million Series B
Planck, an AI-based data platform for insurance underwriting, has raised a $16 million Series B led by Team8 Capital. The New York-based startup anticipates that clients will need to handle an influx
Propzy, a Vietnamese offline-to-online real estate platform, raises $25 million Series A
Propzy, a Vietnam-based startup that guides consumers through the entire process of a real estate transaction, has raised a $25 million Series A led by Gaw Capital and SoftBank Ventures Asia, the earl
South Korean court denies prosecutors’ arrest warrant request for Samsung heir Jay Lee
A South Korean court denied an arrest warrant request for Samsung Group heir apparent Jay Y. Lee, saying that although prosecutors secured “a considerable amount of evidence,” it was still
Amazon Air adds 12 new aircraft to its cargo fleet, expands its ground operations
Amazon announced today it has added 12 new cargo aircraft to Amazon Air, bringing its total fleet to more than 80 aircraft, in part because of increased demand for shipments during the COVID-19 pandem
Singapore-based caregiving startup launches Homage Health for online and home medical consultations
Homage, the Singapore-based startup that matches families and caregivers, has launched a new service that provides home medical visits, telehealth consultations and medication delivery. Called Homage
Danggeun Market, the South Korean secondhand marketplace app, raises $33 million Series C
Danggeun Market, the startup behind Karrot, South Korea’s largest neighborhood marketplace and community app, has raised a $33 million Series C. The round was led by Goodwater Capital and Altos Vent
How Grab adapted after COVID-19 hit its ride-hailing business
The COVID-19 pandemic is taking a heavy toll on ride-hailing services, like Uber and Lyft. Grab, Southeast Asia’s largest ride-hailing company, has also been impacted, but the company has adapte
Gogoro unveils Eeyo, its new ebike brand
Gogoro, the mobility company best known for its SmartScooters, revealed details about its new e-bike brand Eeyo today. Eeyo will launch with two lightweight models, both powered by the SmartWheel, a s
YouTube Kids app is now available for Apple TV
YouTube Kids, the video platform’s version of its service that lets families set age categories, viewing timers and other controls, is now available on Apple TV. Country availability is listed here,
Indonesian startup Delman raises $1.6 million to help companies clean up data
Delman, a Jakarta-based data management startup, has raised $1.6 million in seed funding. The round was led by Intudo Ventures, with participation from Prasetia Dwidharma Ventures and Qlue Performa In
GoBear raises $17 million to expand its consumer financial services for Asian markets
Singapore-based fintech startup GoBear has raised $17 million from returning investors Walvis Participaties, a Dutch venture capital firm, and Aegon N.V., a life insurance and asset management provide
Benepass raises $2.4 million to help employees get the most out of their tax-advantaged benefits
Tax-advantaged benefits, like flexible spending accounts, can save employees in the United States thousands of dollars annually, and reduce the amount of payroll taxes companies pay. But those benefit
M17 sells its online dating assets to focus on live streaming
M17 Entertainment announced today that it has sold its online dating assets to focus on its core live-streaming business in Asia and other markets. Paktor Pte, which operates Paktor dating app and oth
Mapbox and SoftBank form joint venture to provide mapping tech to Japanese developers
SoftBank Corp. and Mapbox, the mapping data company that competes with Google and Here, announced that they have established a joint venture called Mapbox Japan. The JV will provide Mapbox’s mapping