Tag: Asia
Hong Kong fintech startup Neat raises $11 million Series A to give small companies more banking services
Neat, a Hong Kong-based fintech startup, announced today that it has raised a $11 million Series A to help small businesses do cross-border banking. The round was led by Pacific Century Group, with participation from Visa and MassMutual Ventures Southeast Asia, and returning investors Dymon Asia Ventures, Linear Capital and…
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Samsung earnings guidance stays upbeat despite global macro crisis
Samsung overnight released its earnings guidance for the first quarter of 2020, stating that it expected sales of $45.4 billion and an operating profit of roughly $5.3 billion. The company’s fiscal year is aligned to the standard calendar year, and it will announce official earnings results on April 23. Those…
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Taiwan’s government bars its agencies from using Zoom over security concerns
Taiwan’s Executive Yuan issued an advisory on Tuesday barring the country’s government agencies from using Zoom and other video software with “associated security or privacy concerns.” Instead, the government said alternatives, including software from Google and Microsoft, should be considered. Many organizations have been relying on Zoom to holding meetings…
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Korean grocery startup Kurly raises $150M
Kurly, a startup that operates a grocery delivery service in Korea, has secured $150 million in a new financing round months after reports claimed that the firm might be heading to an acquisition. Sequoia Capital, Hillhouse Capital and Digital Sky Technologies invested in the Korean startup’s Series E financing round,…
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Agritech startup DeHaat raises $12M to reach more farmers in India
DeHaat, an online platform that offers full-stack agricultural services to farmers, has raised $12 million as it looks to scale its network across India. The Series A financial round for the eight-year-old Patna and Gurgaon-based startup was led by Sequoia Capital India. Dutch entrepreneurial development bank FMO, and existing investors…
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The US is formalizing Team Telecom rules to restrict foreign ownership of internet and telecom assets
It has the simplest name, but the sort of shadowy overtones that national security writers lust after. Team Telecom, a mostly informal working committee of the Departments of Defense, Homeland Security and Justice (along with affiliated agencies) has for years been quietly tasked with evaluating and maintaining the security of…
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