Asia
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Tech veterans set up $100M fund to turn India’s top startups into unicorns
Two Indian technology veterans have set up a new fund that they hope will help the county churn out world-class, billion-dollar startups. Nandan Nilekani and Sanjeev Aggarwal have come together to launch the Fundamentum Partnership. Initially a $100 million fund — half of which is committed already — the duo told TechCrunch they aim to help cover the funding gap for India’s… Read More
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Sony to demo 3D face biometric running on an Xperia smartphone
If smartphone hardware rumors are on the money, and they are usually at least in the ballpark (with the exception of transparent, bendable phones; apparently forever doomed to be mocked up in Photoshop) — then a 3D depth sensor is coming to the front-facing camera of a handset near you in the not too distant future. Read More
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Razer makes virtual currency push with $20M investment in Asian payment firm
Razer has invested close to $20 million into Malaysia-based online payment firm MOL Global as part of a push to establish its virtual currency for gamers in Asia. The deal sees Razer subsidiary ZV-Midas buy equity from existing backers MOL Investment and Hotel Resort Enterprise in a deal that values the MOL Global business at around the $100 million mark. Gaming company Razer, which made… Read More
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Crunch Report | Apple Rolls Out Early Version Of Its Safe Driving Feature
Today’s Stories Do Not Disturb While Driving feature rolls out in Apple’s newest iOS 11 beta Sean Parker has left Spotify’s board; Padmasree Warrior, Thomas Staggs join in lead up to IPO Trump might kill next month’s new startup visa before it takes effect Facebook is testing a feature to prevent profile pictures being abused by other users Tantan, China’s… Read More
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Xiaomi’s new Mi Max 2 smartphone claims a two-day battery
Fresh from announcing the Mi 6, its latest flagship smartphone, last month, Xiaomi gone and unveiled another new phone. The Mi Max 2, announced today at an event in Beijing, will be available in China from June 1 priced upwards from RMB 1699, that’s around $247. Xiaomi claims it sold over three million of the original Mi Max, which is headlined by its big screen. The main selling… Read More
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Chinese trio carve up a quarter of global smartphone sales in Q1: Gartner
The global smartphone market grew 9.1 per cent in the first quarter of this year, according to Gartner’s latest stats, and growth is being driven by a trio of Chinese device makers. Razer raises $50-100M from Horizons Ventures, inks phone JV with Three
Razer, the gaming company that acquired the Robin smartphone maker Nextbit earlier this year, is now opening the curtains on the next steps to make a deeper move into the mobile space. Razer has announced a strategic partnership with Three, the Hong Kong-based mobile phone carrier owned by Hutchison Whampoa. Read More
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Tencent doubles down on game studio Pocket Gems with $90M investment
Chinese internet Tencent has continued its recent investment spree after it backed U.S.-based game studio Pocket Gems to the tune of $90 million. Tencent invested in Pocket Gems back in 2015, when it put in a reported $60 million for a 20 percent stake. This time around the Wall Street Journal reported the investment as $90 million, which TechCrunch has confirmed independently. That deal,… Read More
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Xiaomi sneaks into North America with Mexico launch
Chinese smartphone maker Xiaomi is preparing to enter North America, but it isn’t quite the launch you may be waiting on. The company, which was last valued at $45 billion by investors, has revealed plans to sneak into the continent by selling its Redmi Note 4 phone in Mexico. Fans can pick up the device from Coppel, Best Buy and Sam’s Club stores when it is stocked towards… Read More
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LG Electronics has posted its Q1 2017 results, which show a nearly 10 per cent year-over-year jump in revenue. The electronics maker is reporting KRW 14.66 trillion ($12.70BN) in revenue, an increase of 9.7 per cent from the same period last year.