Recent stories about Asia

The People With Power at Binance and Binance.US

By Aidan Ryan · March 17, 2023 6:03 AM PDT

After a series of crypto collapses over the past year, Binance has cemented its position as the industry’s powerhouse. But the world’s biggest crypto exchange by volume had been under mounting scrutiny from regulators even before the implosion of its top rival, FTX. Media reports over the past year have also revealed... After a series of crypto collapses over the past year, Binance has cemented its position as the...

In Palo Alto, CA. in November 2010, Musk and Toyoda announce what would become a star-crossed partnership. Photo: Kiyoshi Ota/Bloomberg

electric vehicles

The Electric: Modern EVs Were Born in Japan. So Why Have the Japanese Lost Their Way?

By Steve LeVine · Jan. 29, 2023 2:00 PM PST

In 2010, Akio Toyoda, chief executive of Toyota, the Japanese automaker his grandfather founded decades earlier, sipped red wine in Palo Alto, Calif., with Elon Musk, CEO of electric vehicle upstart Tesla, and drove the entrepreneur’s flashy Roadster. Toyoda, only recently installed as CEO, was taken by Musk’s spirit and determination on the... In 2010, Akio Toyoda, chief executive of Toyota, the Japanese automaker his grandfather founded...

A Grab taxi. Photo by Bloomberg.

Grab’s Fintech Unit Raises $300 Million As Asia’s Tech Wars Intensify

By Juro Osawa · Jan. 6, 2021 6:53 AM PST

Grab, the Southeast Asian $15 billion ride-hailing and food-delivery giant backed by SoftBank and Uber, is accelerating its expansion into financial services with a new fundraising by its fintech subsidiary. Grab is betting on growing demand from the regions’ rising class of merchants and consumers. The unit, Grab Financial Group, has... Grab, the Southeast Asian $15 billion ride-hailing and food-delivery giant backed by SoftBank and...

Traveloka CFO Henry Hendrawan. Photo by Bloomberg

Asia Tech Gold Rush Boosts Travel Startup to $4 Billion Price Tag

By Juro Osawa · Oct. 4, 2018 1:48 AM PDT · 2 comments

Traveloka CFO Henry Hendrawan. Photo by Bloomberg

Asia Tech Gold Rush Boosts Travel Startup to $4 Billion Price Tag

By Juro Osawa · Oct. 4, 2018 1:48 AM PDT · 2 comments

As U.S. and Asian tech giants pour billions of dollars into Southeast Asia, local startup valuations are soaring. Now, one of the region’s biggest online travel sites is in talks for a new funding round which would double its valuation to $4.1 billion, said a person familiar with the matter.Indonesia-based Traveloka, backed by Expedia of... As U.S. and Asian tech giants pour billions of dollars into Southeast Asia, local startup...

Catcha Group CEO Patrick Grove. Photo by Bloomberg.

Iflix Funding Fuels SE Asia Video War

By Tom Dotan · March 9, 2016 7:02 AM PST

In the worldwide land grab for video streaming services, a battleground has emerged in Southeast Asia. Startups, telecom operators, movie studios and Netflix have all converged on the region in the last year to try and establish themselves within the nascent—but promising—video streaming market.The newest development comes from... In the worldwide land grab for video streaming services, a battleground has emerged in Southeast...

Optimism and and Unease at Asia’s ‘Davos’

By Jessica E. Lessin · Sept. 12, 2014 7:29 AM PDT

I spent the week among 1,600 business leaders, scientists and technologists in Tianjin, China, a sprawling city of 14 million people and endless concrete skyscrapers. The occasion was the World Economic Forum’s “Summer Davos,” a smaller version of world leader confab focused on science and technology; my tasks... I spent the week among 1,600 business leaders, scientists and technologists in Tianjin, China, a...

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