Tag: Asia
US removes Xiaomi’s designation as a Communist Chinese Military Company
Xiaomi, one of China’s high-profile tech firms that fell in the crosshairs of the Trump administration, has been removed from a U.S. government blacklist that designated it as a Communist Chinese Military Company. The U.S. District Court for the District of Columbia has vacated the Department of Defence’s designation of…
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Tiger Global leads $30 million investment in Indian Twitter rival Koo
Investors are backing Koo, an Indian alternative to Twitter, with large size checks at a time when tension is brewing between the American social network and New Delhi. The Indian startup said on Wednesday it has raised $30 million in a financing round led by Tiger Global Management. Mirae Asset,…
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Taipei-based computer vision startup eYs3D gets $7M Series A
eYs3D Microelectronics, a fabless design house that focuses on end-to-end software and hardware systems for computer vision technology, has raised a $7 million Series A. Participants included ARM IoT Capital, WI Harper and Marubun Corporation, who will each serve as strategic investors. Based in Taipei, Taiwan, eYs3D was spun out…
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Facebook co-founder Saverin’s B Capital doubles down on SaaS in China
B Capital Group, the six-year-old venture capital fund formed by Facebook co-founder Eduardo Saverin and Bain Capital veteran Raj Ganguly, is doubling down on China as it looks to allocate $500 million to $1 billion of its fund into Chinese tech companies over the next few years. With $1.9 billion…
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Air India passenger data breach reveals SITA hack worse than first thought
Three months after air transport data giant SITA reported a data breach, we are still learning about the damage. Air India said this week that personal data of about 4.5 million passengers had been compromised following the incident at SITA, Indian flag carrier airline’s data processor. The stolen information included …
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India objects to ‘manipulated’ label on politicians tweets
The Indian government has expressed strong objection to Twitter for classifying certain tweets by Indian politicians as “manipulated media,” according to a notice leaked to journalists Friday. The notice comes two days after Twitter labeled a tweet from Sambit Patra, the spokesperson of India’s ruling party BJP, as “manipulated media.”…
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