Categories Asia

9 posts

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The Secret Life of Instant Noodles

In post-World War II food-short Japan, an inventor turned traditional ramen into instant noodles, which then spread to other parts of Asia and other parts of the world. Many years later, a ramenphile started theramenrater site reviewing more than 2000 instant ramen. While it doesn’t cover everything, the dataset still contains […]

India overtakes the US to become the world’s second largest smartphone market

 Move over America, India is now the world’s second largest smartphone market. That’s according to a new report from Canalys which claims smartphone shipments in India crossed the 40 million mark for the first time in Q3 2017 courtesy of 23 percent annual growth. That means that India has overtaken […]

Southeast Asian e-commerce startup Carousell closes $70-$80M Series C round

 Singapore-based startup Carousell is in the money this week after it closed a Series C round of between $70-$80 million, two sources with knowledge of the deal told TechCrunch. Started by three graduates from the National University of Singapore in 2012, Carousell operates a mobile-first listings service for second-hand goods […]

The deal that never was: OYO says it didn’t acquire rival ZO Rooms after all

 There’s closure around one of the most curious tech deals out of India in recent times, but it isn’t the conclusion most will expect. OYO Rooms, the budget hotel network that raised $250 million in September from SoftBank’s Vision Fund and hotel giant China Lodging, confirmed today that it didn’t […]

Uber rival Grab finally fills its CTO-sized hole with former Googler

 Grab, Uber’s chief rival in Southeast Asia, finally has a new CTO more than two years after its previously one departed. Today the company introduced Theo Vassilakis, a former Googler who also spent time with Microsoft, as its second ever CTO. There were high hopes for the first, Wei Zhu, […]

Chinese social media giant Weibo is raising $700M to fund acquisitions

 Weibo, the Twitter-like Chinese social network that is profitable unlike Twitter, is raising $700 million as it looks for acquisitions to continue the rocket ship growth its business has seen in 2017. The Beijing-based company, which is listed on the NASDAQ with a current market cap of $21 billion, announced […]

Tesla reportedly made deal to open a manufacturing facility in Shanghai

 Tesla has reportedly made a deal with the government in Shanghai to open up a manufacturing facility in the city’s trade-free zone, the Wall Street Journal reports. Foreign car-makers traditionally partner with local manufacturers, but that will reportedly not be the case with Tesla. Instead, Tesla will own the entire […]