Ant Financial
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Finance
Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia
Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced…
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Splyt wants to connect the world’s ride-hailing apps for easy international roaming
The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China, Southeast Asia and…
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China’s housing unicorn Danke appoints ex-Baidu exec as new COO
A few months after nabbing a handsome $500 million funding round, China’s shared housing startup Danke Apartment got a talent…
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STARTUPS
A young entrepreneur is building the Amazon of Bangladesh
At just 26, Waiz Rahim is supposed to be involved in the family business, having returned home in 2016 with…
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PayPal shutters Malaysia office as part of customer service reorg
Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The…
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Trends
WeChat is quietly ranking user behavior to play catch-up with Alibaba
Over one billion people leave behind trails of information on WeChat every day as they use the messenger to chat,…
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Finance
How a Chinese anti-virus software maker builds a fintech firm to wrestle with giants
360 Finance, an online consumer loan platform that spun off from China’s anti-virus service giant 360 Group, has joined a…
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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…
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Trends
Tencent e-wallet is following Alibaba to Hong Kong subways
China’s payments giants have taken their battle to Hong Kong. Less than a week after Ant Financial announced adding QR…
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Trends
Hong Kong is adding QR code payments to its subway stations
A new dispatch from our ‘QR Codes Are Very Much Alive In Asia’ reporting program: Hong Kong’s subway system will…
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