Asia
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Tencent Strikes Strategic Partnership With Indoor Mapping Startup Sensewhere
Chinese Internet giant Tencent, the maker of WeChat, has pinned down a strategic investment with indoor mapping startup sensewhere. The total amount of the deal was undisclosed, but the companies said that Tencent now has a license to use sensewhere’s indoor positioning software in Tencent Maps. Sensewhere will also be Tencent’s preferred vendor for location-based advertising… Read More
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Korea’s Daum Kakao Brings In 34-Year-Old CEO To Grow Its Messaging Business Overseas
Daum Kakao, the $7 billion Internet company that owns messaging app Kakao Talk and recently bought Path, has turned to youth after hiring a new CEO to push its business forward and grow overseas. Fitness Wearable Developer Lemonade Lab Scores $5.8M From Foxconn Unit
Lemonade Lab, which develops sensors for athletes, has scored $5.8 million led by a Foxconn subsidiary. The Boston- and Tokyo-based startup will form a strategic partnership with FIH Mobile, which provides manufacturing services for mobile device makers. This is the latest in a string of hardware investments made by Foxconn, whose manufacturing clients include Apple, Microsoft and Acer, or… Read More
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Samsung Pay Heads To Samsung’s Smart TVs
Last March Samsung announced Samsung Pay — a mobile payment offering which it hopes will go head to head with Apple Pay. The service has still not rolled out yet but Samsung is expanding its payment push to smart TVs, with the launch of Samsung Pay on TV — which it says will be coming to ‘select’ 2014 and 2015 Samsung smart TVs, initially in 32 countries. Read More
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Chat App Line Invests In Mobile Games With New $20M Joint Venture
With revenue dropping this past quarter following a slump, Japan-based messaging firm Line is going back to what it knows best with a new $20 million joint venture to create mobile games. The company, which is owned by Korean Internet giant Naver, has partnered with Korean game development firm LongTu to create Hong Kong-based Lantu Games. The 50-50 venture (each side is putting in $10… Read More
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Xiaomi Regains Top Spot In China’s Smartphone Market, Ahead Of Huawei And Apple
Xiaomi regained its crown as the top smartphone firm in China during Q2 2015, according to reports from two analyst firms. The Chinese company, which is valued at more than $40 billion and recently launched in Brazil, topped the scales in China with 15.9 percent of all shipments, according to figures from Canalys’. Apple, which was first in China in the previous quarter, fell to third,… Read More
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FreedomPop Raises $10M More, Inks Strategic Deal With New Investor, Asian Carrier Axiata
FreedomPop, the U.S. wireless carrier startup that has been building a business based on completely free voice and data services, has raised another $10 million in funding from two strategic investors, the pan-Asian mobile carrier Axiata and an unnamed tech investor based in the U.S., the company is announcing today. The deal with Axiata will mean that FreedomPop will be expanding its free… Read More
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Chat App Line’s Revenue Falls For First Time Amid Struggle For Global Growth
Mobile messaging app Line saw its revenue decrease quarter-on-quarter for the first time as the Japanese company battles to grow its user base amid increased competition worldwide. The company, which saw its monthly active user count rise by 6 million to 211 million, posted revenues of 27.8 billion JPY ($224 million) for Q2 2015. That represents a 37 percent year-on-year increase, but a 1… Read More
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Caller ID App Truecaller Is Raising $100M At A $1B Valuation
Communications apps that strike a chord with users across different markets are hot property these days, and it looks like another one of them may soon enter the so-called unicorn club. TechCrunch has learned that Truecaller — a caller ID app that now has 150 million users — is looking to raise around $100 million at a $1 billion valuation. We’re hearing that Truecaller… Read More
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LG Posts Slim $206M Profit In Q2 2015 As Smartphone Shipments Slip To 14.1M
Korea’s LG shipped a (then) record 14.5 million smartphones in the second quarter of 2014, but now, a year later, it’s a different story. The firm just revealed its Q2 2015 financials and, while not as disastrous as HTC’s, the company itself describes them as “modest.” Read More
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