Line parent Naver investing in iPrice
Naver Corp, South Korea’s leading search engine operator and the parent company of Line, is investing in iPrice Group to capitalise on Southeast Asian e-commerce opportunities.
Ford’s iconic F-Series trucks are going electric
Ford’s legendary and popular F-Series pickup line will soon have electric options, the company announced today. The move is intended to “future-proof” the enormous truck business against rising gas prices and regulations favoring electric vehicles over internal combustion.
KBank invests 8 billion baht to expand regional business
With the aim to support the inception of “Regional Life Platform of Choice” and expand regional business in AEC+3 markets, KASIKORNBANK (KBank) has invested 8 billion baht in a new company “KVision”, which will engage in joint ventures with leading technology and financial firms worldwide to provide financial services to a large regional customer base.
Krungsri Finnovate invests in SBI AI & blockchain fund
Krungsri Finnovate, the corporate venture capital arm of Krungsri (Bank of Ayudhya), has invested in the SBI AI & Blockchain Fund of SBI Holdings, a leading Japanese financial-technology (fintech) and venture capital firm.
Here’s how Elon Musk and Gwynne Shotwell announced hundreds of layoffs at SpaceX
Musk and Shotwell acknowledged that the broad restructuring at SpaceX meant the company would have to lay off some employees with whom they’d rather not part ways. The company still employs about 6,400 people, according to two people who were laid off.
Is the Growth of India’s Tech Startup Ecosystem Being Driven by Just its Unicorns?
The Indian tech startup ecosystem witnessed an investment of amount $10 billion in 2017. While $6 billion have been raised by the unicorns of the country, just $206 million have gone into seed and angel funds says a 2018 CB Insight report.
Thailand’s internet economy ranked no.2 in SEA
E-commerce and online media push Thailand’s internet economy to rank the second largest in Southeast Asia, worth US$12 billion (394 billion baht) in 2018, just behind Indonesia.
WarnerMedia Rolls Out Three-Tier Streaming Offering
“Those customers that are more price-sensitive, and want smaller packages, we now have streaming packages,” AT&T CEO Randall Stephenson told analysts.
SIRI VENTURES ready to launch “SIRI VENTURES Private PropTech Sandbox”
Siri Ventures plans to kick off “SIRI VENTURES Private PropTech Sandbox” in 2019 and allocates 600 million baht to scale up its investment in startups by focusing more on series A rounds or larger.
KBank makes a $50 million strategic investment in Grab
KASIKORNBANK (KBank) announces a strategic investment of $50 million in Grab, Southeast Asia’s leading online-to-offline (O2O) platform, as part of Grab’s ongoing fundraising round. The strategic partnership aims to transform the Grab experience for Grab’s users, driver-partners, merchants and agents, by leveraging KBank’s expertise in digital banking.
Southeast Asia’s Grab pulls in $200M from travel giant Booking
Fresh from a strategic investment from Microsoft, Southeast Asia’s ride-hailing leader Grab is back in the money again after it closed $200 million in fresh capital from Booking Holdings, the travel firm formerly known as Priceline.
Automakers invest in Transit, the app that helps people get around without a car
Transit, a company that built a mobile app designed to help people in cities live without cars, has raised $17.5 million from two automakers in a Series B round.