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Uber rival Grab expands its engineering team with new offices in India and Vietnam
Grab, the main rival to Uber in Southeast Asia, is expanding its engineering footprint after announcing new development centers in India and Vietnam. The company last month announced plans to open an engineering center in Jakarta, Indonesia, so the addition of bases in Bangalore, India and Ho Chi Minh... Read more
The Ken wants to fix business journalism in India with a subscription model
Four former reporters and entrepreneurs are attempting to fix India’s “broken” business media landscape and simultaneously prove that there’s an audience — and business — for paying for quality journalism in the country. Subscription-based media is thriving in the West. The New York Times has seen its digital subscription base... Read more
Samsung vice chairman arrested on bribery charges
Samsung vice-chairman/heir-apparent Jay Y. Lee has been arrested in Korea on charges of corruption. Lee is accused of paying bribes to an advisor of President Park Geun-hye in exchange for political favors. The New York Times reported that he is alleged to have given a total of $36 million to Park’s... Read more
HTC has another tough quarter, with revenue down 13% YOY, but smaller losses
HTC’s latest financials make for another fairly dismal read for the mobile device and VR headset maker, though — crumbs of comfort — it’s making a slightly smaller year-over-year loss. Its operating loss for Q4 2016 was NT$3.6 billion ($116.8M) vs a loss of NT$4.1 billion ($133.1M) in Q4 2015. Revenue for... Read more
Employment in China’s tech industry
Despite murmurs of tumult and slowdown in the Chinese economy, the fact remains that China’s economic engine has been on a tear — at roughly 6.5 percent or more for the last six years. Much of this growth has been fueled by China’s emergent tech industry, as even in... Read more
Circle takes $60M to grow its social payments biz globally, as it steps into China
How do you compete with China’s homegrown social payments giants? Veteran entrepreneur Jeremy Allaire, co-founder of US based social payments app Circle, reckons you don’t; not like for like in the domestic Chinese market. Which is really the sensible view, given that WeChat Pay was already seeing some $50 billion in monthly transaction volume... Read more