Tag: Asia
China roundup: Games are opium, algorithms need scrutiny
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The question for the tech news cycle in China these days has become: Who is Beijing’s next target? Regulatory clampdowns are…
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India’s Vedantu not in talks to sell to Byju’s, top exec says
Indian online learning platform Vedantu is not in talks to sell the firm to edtech giant Byju’s, a top executive said on Friday. A report on Friday by Indian news outlet Entrackr said Byju’s had offered $700 million to $800 million to acquire Bangalore-based Vedantu, which counts Accel and GGV…
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India’s Supreme Court rules in favor of Amazon to stall $3.4B Future and Reliance deal
India’s apex court on Friday ruled in favor of Amazon to stall the sale of Future Group to Reliance Industries in a major victory for the American e-commerce giant in the key overseas market. The Indian Supreme Court said the order by a Singapore arbitration court last year — which…
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Nubank co-leads $45 million investment in Indian neobank Jupiter
Industry veteran Jitendra Gupta’s neobank for consumers in India — Jupiter — has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for its platform’s public launch in about a month. The new financing round, a Series B, was co-led by Brazil-based Nubank, Global Founders…
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WhiteHat Jr founder departs a year after selling to Byju’s
Karan Bajaj, the founder and chief executive of WhiteHat Jr, is leaving the firm a year after selling the startup for $300 million to Indian edtech giant Byju’s. In an email to employees on Wednesday, Bajaj and Byju’s founder and chief executive Byju Raveendran said the departure follows a “mutually…
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Kenya’s Wapi Pay raises $2.2M pre-seed for cross-border payments between Africa and Asia
According to the World Bank, it is more expensive to send money to sub-Saharan African than to any region in the world. It is also the most expensive region to send money from. In Q1 2020, people spent an average of 8.9% to send money to the region, much higher…
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