Apple says iPhones remain on sale in China following court injunction

Apple has filed an appeal to overturn a court decision that could ban iPhone sales in China, the company said on Monday, adding that all of its models remain available in its third-largest market. The American giant is locked in a legal battle in the world’s biggest smartphone market. On Monday, Qualcomm announced that a … Read moreApple says iPhones remain on sale in China following court injunction

Walmart partners with Rakuten to open its first e-commerce store in Japan

Walmart is continuing its strategy of revamping its businesses in Asia after the U.S. retail giant opened its first e-commerce store in Japan, where it is working with local retail giant Rakuten. The companies first announced a collaboration in January when they agreed to team up on the launch of an online grocery service in Japan … Read moreWalmart partners with Rakuten to open its first e-commerce store in Japan

Tell Us Your Best Beijing Travel Tips

Hack Your CityEach Monday we ask you for your best tips on a city: driving tips, restaurant recs, things to do, and any other advice for visitors and locals. Then on Thursday, we present the best comments. We’re working our way around the U.S. and around the globe.   Hack Your City is back! One thing … Read moreTell Us Your Best Beijing Travel Tips

Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and Ribbit Capital, both of which cut their first checks for Korea with this … Read morePayment service Toss becomes Korea’s newest unicorn after raising $80M

Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia

Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E round led by SoftBank’s Vision Fund that closed back in September. The deal was first made public via a … Read moreGrab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia

TikTok parent ByteDance said to raise $1.45 billion for AI and content

ByteDance, the Chinese company behind the immensely popular video app TikTok, is in talks to raise $1.45 billion for a new fund, The Information reported on Friday, citing sources. The fresh vehicle will help power artificial intelligence and media content for the $75 billion startup, which reportedly leapfrogged Uber’s valuation after raising $3 billion in October. ByteDance declined … Read moreTikTok parent ByteDance said to raise $1.45 billion for AI and content

Mogu’s long journey: From rejecting Alibaba’s advances to US IPO

Mogu, a Tencent-backed service that offers fashion content and products to young women, has joined a string of Chinese tech companies pressing ahead to sell their shares through initial public offerings in the US before the year-end. Mogu priced its sale at $14 per share on Wednesday, toward the lower end of a marketed range. … Read moreMogu’s long journey: From rejecting Alibaba’s advances to US IPO

The trust dilemma of continuous background checks

First, background checks at startups, then Huawei’s finance chief is arrested, SoftBank’s IPO is subscribed, and I am about to record our next edition of TechCrunch Equity. It’s Thursday, December 6, 2018. TechCrunch is experimenting with new content forms. This is a rough draft of something new – provide your feedback directly to the author … Read moreThe trust dilemma of continuous background checks

Salesforce doubles down on Japan with dedicated $100M fund

It’s been a good week for Japanese startups. Fresh from Google making a rare investment in the country when it backed AI startup Abeja, so Salesforce — another U.S. tech titan — has announced a $100 million fund for enterprise startups in Japan. The Japan Trailblazer Fund is Salesforce Venture’s first local fund in Asia. … Read moreSalesforce doubles down on Japan with dedicated $100M fund

Google invests in Japanese AI and machine learning startup ABEJA

Google has made a rare investment in Japan after the company led a follow-on round for AI and machine learning startup ABEJA. The deal amount is undisclosed but a little digging suggests that it is likely a single-digit million US dollar figure. That’s because six-year-old ABEJA did confirm that it has now raised JPY 6 billion ($53 … Read moreGoogle invests in Japanese AI and machine learning startup ABEJA