Tag: Asia

Luckin Coffee’s alleged fraud has some silver linings (and even more bad news too)

April 6, 2020

Chinese coffee chain super-brand Luckin Coffee has been in the spotlight the past week after the company revealed in an SEC filing that it has undertaken an internal investigation into an alleged $300 million fraud on the part of its former COO. That led the stock to drop nearly 80%…

Uber partners with Flipkart and BigBasket in India to deliver essential items

April 6, 2020

Uber is resuming some services in India as it looks to help other firms deliver grocery and other essential items in select parts of the country, nearly two weeks after New Delhi ordered a three-week lockdown for its 1.3 billion people. The American firm said on Monday that it has…

India’s Swiggy raises $43M to expand to new businesses

April 6, 2020

Indian food delivery startup Swiggy has bagged an additional $43 million as it looks to expand to new businesses. Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets provided the capital to finance Swiggy’s ongoing Series I round. In February, the Bangalore-based startup had raised $113 million…

How Homage is tackling Southeast Asia’s growing eldercare need

April 3, 2020

The world’s population is aging, but the needs of elderly people are still being underserved. A United Nations report found that older people make up more than one-fifth of the population in 17 countries, and by 2100, a majority of the world’s population, or 61%, will be aged 60 and…

Virgin Orbit announces new plans for first Asian spaceport in Oita, Japan

April 2, 2020

Virgin Orbit may be focusing its production efforts right now on making ventilators to support healthcare workers battling COVID-19, but it’s also still making moves to build out the infrastructure that will underpin its small satellite launch business. To that end, the new space company unveiled a new partnership with…