Month: April 2018

Analysts have long-warned of a growth crunch in China’s smartphone space, and it’s looking like that’s very much the case right now. China’s smartphone growth has been the feel-good story for domestic OEMs who have clocked impressive figures as the billion-plus population has rushed online via mobile devices. However, the market reached saturation point in
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GetLinks, a Thailand-based startup that offers a job finder app in six countries Southeast Asia and neighboring regions, has closed new funding led by Australia’s Seek group and Alibaba’s Hong Kong Entrepreneur fund. The size of the investment was not disclosed. GetLinks previously raised $500,000 in 2016, and it later added $150,000 more to that
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NSI Ventures, the Singapore-based VC firm affiliated with PE firm Northstar Group that invested early in ride-sharing unicorn Go-Jek, is going independent after it announced it has rebranded to Openspace Ventures. NSI Ventures was started by Hian Goh, an entrepreneur who sold his startup Asia Food Channel in 2013, and finance exec Shane Chesson in 2014. The firm
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It looks like Digg has found a new home: digital advertising company BuySellAds. While neither company has put out an official announcement, BuySellAds CEO Todd Garland confirmed the acquisition to Fast Company, and a company spokesperson told me, “It’s true.” Fast Company also reports that Digg’s technology team was not part of the deal. Garland seems
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Facebook is getting the developing world online, even as the developed world criticizes its privacy practices. Mark Zuckerberg said today on Facebook’s Q1 2018 earnings call that “our Internet.org efforts have helped almost 100 million people get access to the internet who may not have had it otherwise.” That’s up from 40 million in November 2016.
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Riding high on the growing consumer demand for podcasts, a startup called Castbox this morning announced the close of $13.5 million in Series B funding for its technology-fueled podcast app. The round was led by SIG China, and includes participation from existing investors IDG Capital, Qiming Venture Partners, and GSR Ventures. To date, Castbox has raised $29.5
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