Tag Archives: Asia

Carsome raises $50M for its used-car sales platform in Southeast Asia

Carsome,  a Malaysia-based marketplace for trading used cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets. The new financing round, dubbed Series C, was funded by MUFG Innovation Partners (MUIP), the corporate venture capital arm and a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG); Daiwa PI Partners, ... Read More »

Asia Stocks Find Relief As China Set To Return Seized US Drone

MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.1%. Tokyo: Asian shares steadied in early trade on Monday after China agreed to return a US drone it had seized, easing worries about rising diplomatic tensions between the world’s two biggest economic powers. MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.1 per cent after falling to ... Read More »

iPhone 7 Being Snapped Up in Asia, but Crowds Smaller Despite Sell-Out

Apple fans from Sydney to Tokyo, the first to snap the new iPhone 7 off the shelves, cheered as they left stores on Friday brandishing their purchases, flanked by applauding sales staff. But underneath the usual fanfare, and despite complaints that the larger size of the new phone and the new jet black colour were sold out, crowds were smaller ... Read More »

Asia Shares Steady, Softbank Said To Bid For ARM

Sydney: The U.S. dollar gained on the yen in Asia on Monday as investors unwound safe-haven trades in the wake of the failed coup in Turkey, while a giant takeover bid in the tech sector and the promise of central bank stimulus lent support to equities. The Turkish lira was quoted around 2.9675 after the dollar climbed almost 5 percent ... Read More »

Who’s Next? Asia Investor Activism Set to Grow After BlackRock Public Campaign

Hong Kong: Following a rare public campaign, BlackRock Inc voted against a deal planned by a Hong Kong firm that the world’s biggest asset manager partly owns, revving up investor activism in Asia after it roared ahead in 2015. In a ballot on Tuesday, BlackRock rejected G-Resources Group Ltd’s plan to sell its main asset, an Indonesian gold mine, saying ... Read More »

India Amongst Fastest Growing Smartphone Markets in Asia Pacific: IDC

Nearly 103.6 million smartphones were shipped in India in 2015 – an increase of 28.8 percent as compared to 2014 – positioning India as one of the fastest growing smartphone markets in the Asia Pacific region, said a report on Tuesday. According to International Data Corporation’s (IDC) “Quarterly Mobile Phone Tracker”, 25.6 million smartphones were shipped in India in the ... Read More »