Softbank confirms it’s putting $5BN into Didi Chuxing, the ‘Uber of China’ – TechCrunch

Shared from TechCrunch Japanese telco giant Softbank has confirmed the size of its investment into Didi Chuxing, aka the Uber of China, and the figure is $5 billion (~¥550,000M). The last item in Softbank’s fiscal year 2017 earnings report, […]

Alipay, China’s top mobile payment service, expands to the U.S. – TechCrunch

Shared from TechCrunch China’s dominant mobile payment service is making its move in the U.S.. Ant Financial, the Alibaba spin-off that operates Alipay, has inked a deal with payment processor firm First Data that will allow […]

Media Prima buys Rev Asia for $24M to create Malaysia’s largest digital media platform – TechCrunch

Shared from TechCrunch The U.S. isn’t the only market where media companies are consolidating to offer an advertising platform to rival Facebook and Google. While AOL (which owns TechCrunch) is in the process of acquiring […]

Cheetah Mobile’s streaming service raises $60M from Chinese investors – TechCrunch

Shared from TechCrunch Cheetah Mobile, the Chinese firm that specializes in utility apps for smartphones, has enlisted the help of outside investors for its live-streaming service. Cheetah announced this week that its one-year-old service […]

Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe – TechCrunch

Shared from TechCrunch Australia-based cross-border payments startup Airwallex has closed a $13 million Series A round to expand its reach across Asia Pacific and into Europe. The deal was led by Chinese internet giant Tencent — marking […]