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Tuesday, December 10, 2019

Asia news roundup: Tea-backed cryptocoin leaves bitter taste, $12m for Sociolla, and more

Pu’er tea / Photo credit: ya87876 / 123RF There was funding news from Droom, Jirnexu, and Sociolla today, while Didi made moves to address concerns...

Uber posts record losses

Uber is on course to post record losses in 2017, according to data direct from the company. From January to September, Uber lost US$2.9 billion...

Shock as $140m bike-share startup on the verge of collapse – and its CEO...

Photo credit: Bluegogo. One of China’s top bike-share startups is on the brink of collapse with wages unpaid, senior executives departing, its CEO missing in...

Uber and the ride-hail funding war

Uber is on the verge of its biggest ever funding round after approving SoftBank’s bid to buy a sizeable stake. The deal looks set...

Blockchain battles China’s fake food

Photo credit: Jp Valery / Unsplash. Blockchain, the digital ledger system that underpins Bitcoin, is being put to use to fight China’s “fake” food problem. Counterfeit...

WeChat users send 38 billion messages per day

The chatty users of WeChat have just set a new record, sending 38 billion messages per day. That’s 25 percent more than last year. Here’s...

2017 was the year the ICO came to town. Here’s what’s in store for...

Quoine co-founder and CEO Mike Kayamori. Japanese-Singaporean startup Quoine’s QASH token sale was Asia’s largest ICO in 2017. Photo credit: Quoine Token sales, crowd sales,...

11 Highest Paying Startup Engineering Roles in San Francisco

The demand for talented engineers has never been greater, especially in markets like New York and San Francisco. Startups are offering top cash compensation...

An insider’s account of how Go-Jek hit 900x scale in 18 months and is...

Sidu Ponnappa, Go-Jek’s head of engineering. Photo credit: Tech in Asia. Go-Jek scaled 900 times in the first 18 months after the launch of its...

Singapore’s latest crypto-exchange scoops $1m seed funding from Fatfish

Photo credit: krunja / 123RF A new cryptocurrency exchange set to be launched in Singapore has raised US$1 million in seed capital from Australia’s Fatfish...